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IRVINE, CA—Demand for affordable housing in many US markets is growing exponentially because of population growth and the economy to the point where developers can’t keep up, Michael Gaber, EVP and COO of WNC, tells GlobeSt.com. We spoke with Gaber after the firm’s recent closing of the WNC Institutional Tax Credit Fund 39 LP—a $125-million institutional low-income housing tax-credit fund that will acquire 25 affordable-housing properties located throughout the country—about the affordable-housing crisis and what’s being done about it.

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