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Michael Gaber Gaber: “Many areas within California also continue to experience an increase in rents and a decrease in vacancies, leaving few options to families who cannot afford these rising costs.”

IRVINE, CA—WNC has closed a $94.2-million California institutional LIHTC fund that will acquire 972 affordable-housing units in six properties throughout California and rehabilitate them. The national investor in real estate and community-development initiatives closed WNC Institutional Tax Credit Fund 10 California Series 16, L.P. (CA 16).

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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