Walker & Dunlop Inc. Expands Affordable Housing Efforts with $240 Million LIHTC Fund Across Ten States
Reuters
Jul 01
Walker & Dunlop Inc. Expands Affordable Housing Efforts with $240 Million LIHTC Fund Across Ten States
Walker & Dunlop Inc. has announced the successful closing of Fund 124, a $240 million Low-Income Housing Tax Credit (LIHTC) Investment Fund aimed at bolstering affordable housing in 15 key U.S. markets. The largest LIHTC fund in the company's history, Fund 124 will facilitate the development of 18 properties across ten states, including California, Texas, and Florida, adding a total of 1,701 affordable housing units. The initiative highlights the company's commitment to affordable housing, with 44% of the units benefiting from project-based Section 8 subsidies. The development is expected to generate approximately 4,542 jobs and an estimated $898 million in economic impact. This expansion underscores Walker & Dunlop's dedication to providing high-quality housing and enhancing local communities nationwide.
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