The new vehicle, WNC Institutional Tax Credit Fund 59, L.P., targets 18 distinct communities ranging from senior living complexes like Tabor Village in Dallas to family-oriented developments. The portfolio includes seven new-construction projects and 11 preservation initiatives, two of which involve the rehabilitation of historic properties. By leveraging not only LIHTC but also Energy and Historic Tax Credits, the firm aims to modernize aging infrastructure while expanding overall capacity.

Will Cooper Jr., president and CEO of WNC, noted that the fund serves as a bridge between private capital and the urgent demand for affordable housing. The firm, a family-owned business established in 1971, has built its reputation on long-standing partnerships with developers and institutional investors. As the housing sector faces ongoing pressure, the successful close of Fund 59 highlights a sustained appetite for investments that prioritize community impact alongside long-term asset value.