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WNC Closes $176 Million Institutional LIHTC Fund to Build and Rehabilitate More Than 2,160 Affordable Housing Units
WNC s largest national LIHTC fund to-date will focus on 32 properties in 16 states
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IRVINE, Calif., April 20, 2021 /PRNewswire/ 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 50 LP (WNC Fund 50). The fund raised $176 million in institutional low-income housing tax credit (LIHTC) equity that will be used to develop and renovate more than 2,160 affordable housing units in 16 states.
A total of nine investors participated in WNC Fund 50, which will develop and renovate units for families and seniors at 32 properties in California, Colorado, Georgia, Iowa, Indiana, Louisiana, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Mexico, Oklahoma, Tennessee, Texas and W