 |
| Christine Cormier |
IRVINE,
CA – WNC, a national investor
in real estate and community development initiatives, announced it has closed
WNC Institutional Tax Credit Fund 44, L.P. (WNC Corp. 44), a $135 million
institutional low-income housing tax credit (LIHTC) fund.
WNC
Corp. 44 includes 2,098 units of urban, suburban, and rural affordable housing
for families and seniors scheduled for new construction and rehabilitation.
The
properties are located in 18 states: Alaska, Arkansas, Arizona, California,
Connecticut, Iowa, Illinois, Kansas, Louisiana, Minnesota, Mississippi, North
Dakota, New Mexico, Rhode Island, Tennessee, Texas, Utah and Wisconsin.
“We
are particularly excited about the closing of this fund due to several of its
projects containing units built for individuals with special needs,” said WNC
Senior Vice President of Investor Relations Christine Cormier.
“Additionally,
WNC Corp. 44 will bring the first-ever affordable housing development to
Kodiak, Alaska, expanding the program’s reach and delivering much needed, low
cost housing options to families in need.
"WNC
Corp. 44 also has a very high percentage of repeat development partners at 94
percent, speaking volumes of the fund’s quality of projects and the lasting
partnership between WNC and each developer.”
For
more information, please contact:
Julie Leber
Spotlight Marketing
Communications
949.427.5172, ext. 703
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