WNC and Associates Closes Two Hundred Ten Million Dollar National Low Income Housing Tax Credit Fund Supporting Two Thousand Fifteen Affordable Units Across Thirteen States

IRVINE, CA. WNC & Associates announced the closing of WNC Institutional Tax Credit Fund 59, L.P. (Fund 59), a $210 million national Low-Income Housing Tax Credit fund that will support the creation and preservation of affordable housing across 18 communities in 13 states. The fund will invest in 2,015 affordable units and reflects continued private capital deployment into affordable housing solutions.

"For more than 55 years, WNC has brought together private capital and trusted partnerships to expand and preserve affordable housing nationwide," said Will Cooper Jr., president and CEO of WNC. "During a housing crisis marked by a shortage of 7.2 million affordable and available rental homes, Fund 59 shows how private capital can be mobilized to help close the gap. New federal housing policy will bolster this work and expand opportunities to invest in affordable housing."

Fund 59 spans Alaska, California, Florida, Indiana, Kentucky, Massachusetts, Maine, Minnesota, Missouri, Nebraska, New Hampshire, Nevada, and Texas. The portfolio includes seven new-construction communities and 11 preservation projects, including two rehabilitations of historic properties. Five properties will serve seniors and 13 will provide housing for families. In addition to LIHTC equity, Fund 59 incorporates Energy Tax Credits and Historic Tax Credits to support the preservation and development of high-quality affordable housing.

"We are grateful for the continued confidence our investor partners place in WNC and our mission," said Christine Cormier, executive vice president of investor relations at WNC. "Fund 59 reflects the trust we've built over more than five decades and the continued demand for investments that deliver meaningful community impact alongside long-term value. Together with our investors, we're helping connect private capital with affordable housing solutions in communities across the country."

For industry leaders, Fund 59 underscores the role of blended tax credit strategies and national capital platforms in preserving existing stock while adding new units. The combination of preservation, historic rehabilitation, and energy-focused incentives in a single fund highlights practical pathways for investors and developers to scale impact across diverse markets. WNCs close contributes to ongoing efforts to align private investment with policy changes aimed at addressing the national shortage of affordable rental homes.