Decades of Experience

With offices in 12 cities, we are partners with more than 400 developers in 47 states, working hand-in-hand with them to close more than 1,400 properties containing over 85,000 affordable apartment units. All told, we’ve invested more than $9.8 billion in affordable housing.

Enduring Partnerships

Building affordable housing is complex business. Our clients require an equity partner who understands the intricacies of these transactions. They also need a partner with the flexibility to close the deals. We offer both, which is why developers choose to work with us over and over again.

Developers Who Have Closed 2 or More Properties with WNC (1,072 Properties)
Developers Who Have Closed 5 or More Properties with WNC (671 Properties)
Developers Who Have Closed 10 or More Properties with WNC (469 properties)

Experience With Every Type of Transaction

Over the years, we've invested in every type of affordable housing property, helping our partners finance their projects using all types of tax credits and debt structures. It's this extensive experience that allows us to provide developers with one of their most valued assets -- predictable closings.

Tax Credits Acquired
  • Federal Low-Income Housing
  • Federal Historic
  • New Markets
  • State LIHTC (California, Georgia, Hawaii, Iowa, Massachusetts, Missouri, North Carolina, New York)
  • State Brownfield
  • State Historic
  • Federal Energy
Debt Structure Experience
  • Conventional Loans
  • Fixed-Rate and Variable Rate
  • Tax-Exempt Bonds
  • HUD 236, 223(f), 221(d)(3), and (d)(4), Section 8, IRP
  • Home, CDBG, Hope VI, IRP Decoupling
  • RD 515, 538
  • State HFAs, FHLB CIP and AHP, Trust Fund, RDA, Tax Increment
  • Fannie Mae, Freddie Mac
Types of Properties Acquired
  • 100% Affordable
  • New Construction
  • Substantial Rehabilitation
  • Suburban, Urban and Rural
  • Garden, Mid-rise, High-rise Detached Single Family
  • Commercial
  • Mixed Use Affordable/Market Rate/Commercial
  • Special Needs
  • Tribal/American Indian

Always in the Market

With $400+ million in equity raised annually, we always are on the lookout for investment opportunities.

An Involved, Responsive Team

As one of our potential partners, you’ll get to know our decision makers well.

Our Origination Team will serve as your advocate. Its six members will use their average of 17 years of LIHTC experience to fully understand your needs, working with you to negotiate investment contracts that work for you.

Our Underwriting Team will be your single point of contact to close your transaction. Its eight members average 11 years in LIHTC and perform comprehensive underwriting of investments. Our Underwriting team has the sophistication and experience to help you structure even the most complicated LIHTC.