WNC Expands Affordable Housing Portfolio with $1.8 Billion in Acquisitions, Strengthening Commitment to Housing Solutions Nationwide

IRVINE, Calif., Feb. 4, 2025 /PRNewswire/ -- WNC & Associates (WNC), a nationwide leader in affordable rental housing, announced a milestone year in 2024, with the WNC group of companies acquiring over $1.84 billion in affordable housing properties across 28 states. This significant investment will support the strategic development and preservation of over 5,100 affordable rental units, providing stable, high-quality housing for approximately 13,100 seniors, veterans and families.

These acquisitions align with WNC's mission to expand access to safe, affordable housing, ensuring long-term affordability and bolstering communities nationwide. Backed by 140 institutional investors, WNC remains committed to tackling the growing housing crisis and creating meaningful, scalable housing solutions for vulnerable populations.

A Multi-Faceted Approach to Affordable Housing

Unlike traditional housing companies, WNC leverages three distinct yet synergistic businesses, creating a comprehensive approach to financing, developing, and preserving affordable housing nationwide. These include:

• WNC & Associates, Inc., a 54-year-old syndication company that invests in properties qualifying for Low-Income Housing Tax Credits (LIHTC), driving essential capital into affordable housing development.
  
  
• Community Preservation Partners (CPP), a development subsidiary, with experts focused on preserving affordable rental housing through the LIHTC program, ensuring long-term affordability for communities in need.
  
  
• Preservation Equity Fund Advisors (PEF), a private equity affiliate, with specialists in acquiring and preserving existing affordable housing while providing investors with both cash flow and capital appreciation opportunities.

Systemic Change Through Research and Public Awareness Initiatives

WNC's commitment to affordable housing extends beyond real estate investment. Founder, Will Cooper Sr, and CEO, Will Cooper Jr, long-time advocates for affordable housing, established the Cooper Housing Institute (CHI), a non-profit foundation supporting innovative research, public awareness initiatives, and community-driven programs designed to tackle the root causes of housing instability. Since its inception in 2018, CHI has awarded over $2.3 million in grants to 21 national and local nonprofit organizations, all aligned with CHI's vision of creating lasting solutions to the housing crisis.

"At WNC, we are committed to a diverse strategy to expand and preserve access to affordable housing, from LIHTC investing and development to private equity solutions," said Will Cooper Jr., CEO of WNC. "By combining the strengths of our syndication, development and preservation platforms, we are creating sustainable, long-term solutions that meet the evolving needs of communities across the country."

"Solving the housing crisis is not something we can do alone—it takes strong, enduring partnerships. We work hand-in-hand with institutional investors, for- and non-profit developers, and state housing agencies to maximize our impact. Through collaboration and shared vision, we are creating pathways to long-term stability and economic growth in the communities we serve," said Anand Kannan, President of WNC.

About WNC & Associates

Founded in 1971, the WNC companies have acquired more than $19.9 billion in affordable housing properties since inception, creating and preserving more than 117,000 units in 49 states, the District of Columbia and the Virgin Islands. Today, WNC is known as both the pioneer in the affordable housing space and a leader in tax credit syndication, community preservation services, and private equity fund investment and management.

To learn more, visit: https://www.wncinc.com/.

Media Contact:
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SOURCE WNC & Associates