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Walker & Dunlop Closes $240 Million LIHTC Investment Fund to Support Affordable Housing Nationwide
Bethesda-based Walker & Dunlop, Inc. has successfully closed Fund 124, a $240 million multi-investor Low-Income Housing Tax Credit (LIHTC) investment fund. This is the largest LIHTC fund the firm has launched to date and is aimed at advancing affordable housing solutions across fifteen key markets throughout the United States.
Fund 124 will support the development of 18 affordable housing properties across ten states, including California, Texas, Maryland, Utah, Missouri, Michigan, Connecticut, Florida, Idaho, and Kansas. In total, the fund will help create 1,701 units of affordable housing.
The fund was arranged by the Walker & Dunlop Affordable Equity team, led by Dudley Benoit, Peter Antonopoulos, Elizabeth Ronayne, Caitlin Crowe, Bob Rice, Edward Jenkins, Emily Moraga, and Marcus Law.
“The fund’s focus on affordable housing, along with our long-standing partnerships with experienced developers, underscores our dedication to providing safe, high-quality housing to those who need it most,” said Dudley Benoit, senior managing director of Affordable Equity Investor Relations at Walker & Dunlop.
Fund 124 strategically targets markets with a critical need for affordable housing, further reinforcing Walker & Dunlop’s commitment to addressing the nation’s housing crisis.
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