WNC Closes $49M LIHTC Fund for Purchases

IRVINE, CA—WNC has closed WNC Institutional Tax Credit Fund X California Series 12 LP, a $48.5-million institutional low-income housing tax-credit fund. The fund includes 11 investors and will acquire nine properties in four California counties.

The portfolio for WNC Cal 12 is composed of seven multifamily and two senior-housing properties. The 714 units of affordable housing are located in Los Angeles, San Diego, San Bernardino and Kern counties. GlobeSt.com has learned that the properties are: Arbor Terrace in Colton; Campina Court in La Mesa; Cunningham and Jefferson, Juanita Tate Legacy Towers and Roberta Stephens Villas in Los Angeles; Regency Court in Monrovia; Sonoma Court in Escondido; Valley View in Delano; and Willow Wood and Denny Place in North Hollywood.