WNC & ASSOCIATES CLOSES $210 MILLION LIHTC FUND INVESTING IN 2,015 AFFORDABLE HOUSING UNITS

WNC & Associates has closed WNC Institutional Tax Credit Fund 59, L.P., a $210 million national Low-Income Housing Tax Credit fund investing in 2,015 affordable housing units across 18 communities in 13 states. The portfolio includes seven new-construction communities and 11 preservation communities, including two historic rehabilitation projects. Five properties will serve seniors and 13 will provide affordable housing for families. Fund 59 also includes investments utilizing Energy Tax Credits and Historic Tax Credits.