WNC announced it has closed WNC Institutional Tax Credit Fund 52 LP (WNC Fund 52). The fund raised $191.7 million in institutional LIHTC equity to be used to develop and renovate 1,873 affordable housing units in 16 states.
According to the press release, a total of ten investors participated in WNC Fund 52, which will develop and renovate units for families and seniors at 24 properties in California, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, South Carolina, Nebraska, New Hampshire, Tennessee, Texas, Wisconsin, and West Virginia. A portion of the units will be set aside to help populations including veterans; young adults aging out of the foster care system; homeless, formerly homeless or individuals at-risk of homelessness; as well as residents suffering from mobility, hearing and visual impairments.
