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

prnewswire | August 27, 2020

WNC Closes $153 Million Institutional Tax Credit Fund to Build and Rehabilitate More than 1,600 Affordable Housing Units
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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Welcome to SoLa, an enclave of stylish townhomes offering you the serenity of Lake Eden on one side with the buzz of Westfield and the North Lake’s Town Centre on the other – and all nestled around a beautiful central park.

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Spotlight

Welcome to SoLa, an enclave of stylish townhomes offering you the serenity of Lake Eden on one side with the buzz of Westfield and the North Lake’s Town Centre on the other – and all nestled around a beautiful central park.