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Orange County Commercial Real Estate

Affordability Attracts Big Bucks

WNC just closed a $50M LIHTC fund to finance eight affordable housing properties in California, Irvine-based WNC CEO Will Cooper Jr tells us. And will soon close a $100M fund to finance properties nationally. (That's his 8-year-old daughter reminding us to give peace a chance with our large property funds). Now is the time for WNC to expand into other areas, including New Markets Tax Credits and affordable housing preservation, "where we’ve played the role of the developer, primarily focused on properties in previous WNC funds." The firm is also looking at some more traditional (non-tax credit)income-generating investment opportunities for investors.

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Related Topics: New Markets Tax Credits
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