Irvine
WNC has closed two institutional low-income housing tax credit funds totaling $210 million. The funds will be used to develop and renovate 1,900 affordable housing units.
The two funds are WNC Institutional Tax Credit Fund 47, L.P. (WNC Corp. 47) and WNC Institutional Tax Credit Fund 10 California Series 17, L.P. (CA 17). WNC Corp. 47 raised $134.6 million in equity, and CA 17 raised $75.5 million. The closure of the funds brings
WNC's total equity raise since inception to approximately $5.2 billion.
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