IRVINE, Calif., Sept. 11, 2024 (GLOBE NEWSWIRE) -- WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, has closed WNC Institutional Tax Credit Fund X California Series 21, L.P. (Fund CA21) which includes six multifamily properties across California. Fund CA21, a $120M equity fund, closed in August 2024.
"In California, 77% of extremely low-income renter households spend more than 50% of their income on housing," said Anand Kannan, President of WNC. "The closing of Fund CA21, which is focused on affordable housing finance in California, is a testament to our continued commitment to the development and preservation of affordable housing in our nation's most populous ...
