WNC Closes $153 Million Institutional Tax Credit Fund to Build and Rehabilitate More than 1,600 Affordable Housing Units

prnewswire | August 27, 2020

WNC, a leading provider of investment, asset management and development services in the affordable housing industry, announced today it has closed WNC Institutional Tax Credit Fund 49 LP (WNC Fund 49). The fund raised $153 million in institutional low-income housing tax credit (LIHTC) equity that will be used to develop and renovate more than 1,600 affordable housing units in 13 states.A total of nine investors participated in WNC Fund 49, which will develop and renovate units for families and seniors at 21 properties in Alaska, Arkansas, California, Louisiana, Massachusetts, Michigan, Maine, North Dakota, Nevada, Texas, Washington, Wisconsin and Wyoming.

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Spotlight

Our experts at Sixense digital design and deploy digital solutions that enhance infrastructure and their life cycle.

The solutions accelerate innovation and digital transformation to drive quality, guarantee safety, optimise and control the complexity of operations.

The enhancement of your data is the basis for the optimisation and management of your infrastructure. It also gives you access to the benefits of predictive analysis.

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