Established in 1971
We’ve been a leader in the affordable housing industry throughout its history, spending much of that time making the history. Our success always has been based on our ability to recognize new opportunities and capitalize on them quickly, helping our partners create communities across the country with the needed affordable housing and commercial developments.
President Johnson signs Housing and Urban Development Act, creating incentives for developing affordable housing.
WNC founded and closes first affordable housing fund. Investors receive tax deductions.
WNC closes first "two-tier" fund structure now used throughout the industry.
WNC closes first SEC-registered fund in affordable housing.
Congress passes Tax Reform Act, creating the Low-Income Housing Tax Credit (LIHTC).
WNC closes 22 transactions in the first full year of the LIHTC program.
California creates first state tax credit program. WNC closes seven CA tax credit funds in the first year of the state program.
President Clinton signs into law the Revenue Reconciliation Act of 1993, making LIHTC permanent.
WNC closes first institutional fund.
WNC portfolio reaches $1 billion.
WNC closes its first in a series of 23 NY and CA state Community Reinvestment Act (CRA) funds.
WNC receives $50 million New Markets Tax Credit (NMTC) award in the first year of the program.
WNC receives its 3rd NMTC allocation.
WNC celebrates 40th anniversary; receives fourth NMTC allocation.
WNC portfolio reaches $7 billion.
WNC celebrates 45th anniversary, closes California Preservation Equity Fund (cash-on-cash fund).
WNC COO Michael Gaber starts term as Affordable Housing Tax Credit Coalition President.
WNC closes two institutional funds within short order after Dec. 2017 tax reform.