WNC & Associates has closed WNC Institutional Tax Credit Fund 57, a $228 million fund that includes 26 multifamily properties across 17 states.
“WNC remains deeply committed to addressing the affordable housing crisis across the nation,” said Anand Kannan, president of WNC. “Fund 57 reflects our ongoing strategy to partner with mission-aligned developers and investors to create and preserve housing that supports vulnerable and underserved populations. This fund’s geographic and demographic diversity underscores our belief that everyone deserves a safe, affordable place to call home.”
The fund is designed to invest in partnerships or limited liability companies that own apartment communities developed or rehabilitated to serve low-income residents, including seniors; single-parent households; and individuals with visual or hearing impairments, physical disabilities, histories of homelessness, or other special needs. Through these investments, the fund enab
