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4/30/25
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WNC & Associates has just closed its WNC Institutional Tax Credit Fund X California Series 22, L.P. (CA22), which includes seven multifamily properties across California. With CA22, a $119 mil equity fund, WNC is partnered with seven returning investors.
The fund’s objective is to invest in partnerships or limited liability companies which own apartment complexes built or rehabilitated in California 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), as well as 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.
CA22 has made seven investments representing 693 units. The investments are located across California, including four properties in Los Angeles County, two in San Diego County, and one property in Kern County. Investments in affordable housing through CA22 encompass a mix of three new construction properties and four preservations.
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