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WNC, a leading provider of investment, asset management and development services in the affordable housing industry based in Irvine, has successfully closed two institutional low-income housing tax credit (LIHTC) funds. These funds have raised approximately $350 million in equity and bring WNC’s total equity raise since its inception to an impressive $17.2 billion.

According to Christine Cormier, EVP of investor relations at WNC, the company remains dedicated to its mission of providing safe and affordable housing options for those in need across the United States. The successful closure of these two funds during challenging economic times is a testament to our investors’ confidence in us and our mission.

The equity from these funds will be utilized towards constructing and rehabilitating over 2,100 affordable housing units across 29 properties located throughout Alabama, Alaska