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| Christine Cormier |
IRVINE, CA – WNC, a
national investor in real estate and community development initiatives,
announced it has closed WNC Institutional Tax Credit Fund 41, L.P. (WNC Corp.
41), a $114.7 million institutional low-income housing tax credit (LIHTC) fund.
Estimated to include 1,674
affordable housing units in total, WNC Corp. 41’s portfolio is comprised of 24
family and senior housing communities scheduled for new construction and
rehabilitation.
The properties will be
located in 11 states, including Arkansas, California, Louisiana, Minnesota,
Missouri, Montana, New Mexico, Tennessee, Texas, Washington and Wisconsin.
“WNC Corp. 41 is comprised
of approximately equal amounts of new construction and rehabilitation projects,
helping to not only deliver additional units to those in need, but to also
preserve existing units in our nation’s already limited supply,” said WNC
Senior Vice President of Investor Relations, Christine Cormier.
“In addition, this fund includes approximately
93 percent repeat development partners, which speaks volumes to the success of
the LIHTC program over the course of three decades. We are thrilled to continue
our partnerships that pursue the growth of the nation’s existing affordable
housing supply, and look forward to partnering with new developers in our
quest.”
For a complete copy of the company’s news release,
please contact:
Julie Leber
Spotlight Marketing
Communications
949.427.5172, ext.
703
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