The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 18, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
WNC & Associates Closes $300 Mil Equity Fund

5/10/24

WNC & Associates has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multi-family properties across 16 states. Fund 56, a $302 mil equity fund that closed in April 2024, is WNC’s largest multi-investor fund to date and will bring nearly 2,400 affordable housing units in 16 states to fruition.

The fund’s objective is to invest in partnerships or limited liability companies which own apartment complexes built or rehabilitated for low-income residents, including populations with specific needs such as senior, visually and hearing impaired, physically disabled, formerly homeless, special needs, and single parents. The fund enables federal low-income housing tax credits (LIHTC) – and in some cases California state low-income tax credits – to be passed through to investors, who can then apply them to reduce federal or California tax liabilities, as appropriate.

Fund 56 has made 24 investments representing 2,396 units. The 16 states in which the investments are located include Arizona, California, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Mississippi, Montana, North Carolina, Oregon, Pennsylvania, Texas, Washington, and West Virginia. Investments in affordable housing through Fund 56 encompassed a mix of 10 new construction properties and 14 preservations, including three rehabilitations of historic properties.




Return to the previous page
 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media