IRVINE, CA – National affordable housing investor, WNC has closed WNC Institutional Tax Credit Fund 52 LP, which raised $191.7 million in LIHTC equity to develop and renovate 1,873 affordable housing units.
The fund will develop and renovate units for families and seniors. A portion of the units will be set aside to assist veterans, young adults aging out of the foster care system, homeless, formerly homeless or individuals at-risk of homelessness, and residents suffering from mobility, hearing and visual impairments.
The units are spread across 24 properties spanning 16 states, including California, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, South Carolina, Nebraska, New Hampshire, Tennessee, Texas, Wisconsin and West Virginia.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.