WNC

WNC & Associates Closes $302 Million Affordable Housing Fund Across 16 States

Retrieved on: 
Thursday, May 9, 2024
Investment, Housing, LIHTC, Huber loss, WNC, Cryptocurrency

IRVINE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multi-family properties across 16 states.

Key Points: 
  • IRVINE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multi-family properties across 16 states.
  • Fund 56, a $302 million equity fund that closed in April 2024, is WNC’s largest multi-investor fund to date.
  • “The closing of Fund 56, our biggest Fund to date, is a testament to the incredible developer and investor partnerships that we have fostered at WNC, and we are thankful for these relationships that will bring nearly 2,400 affordable housing units in 16 states to fruition,” said Anand Kannan, President of WNC.
  • Investments in affordable housing through Fund 56 encompassed a mix of 10 new construction properties and 14 preservations, including three rehabilitations of historic properties.

Win a Rivian R1 Series Premium Electric Vehicle! Drawing on July 13, 2024

Retrieved on: 
Wednesday, May 1, 2024
EAC, FAQ, SUV, ESB, WNC, Transport, Environmental Action, IRA, Rivian R1T, Carbon, Policy, Inflation, Renewable energy

WAYNESVILLE, N.C., May 1, 2024 /PRNewswire-PRWeb/ -- EV RAFFLE HAS LAUNCHED!

Key Points: 
  • Drawing to be held at 7pm EDT on July 13, 2024.
  • *Your odds of winning your customizable Rivian R1T (truck) or R1S (SUV) are excellent.
  • Your $200 ticket purchase supports our work to eliminate carbon emissions and deploy renewable energy at scale.
  • Once a winner is randomly selected on July 13, EAC will contact you to determine your preferred build and specifications.

CPP Announces Acquisition of Canoga Park Apartments in Los Angeles, California

Retrieved on: 
Thursday, May 2, 2024
Education, Partner, Housing, CPP, Health, HAP, Partnership, Federal, AMI, Lighting, Acquisition, Community, WNC, HVAC

LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Canoga Park Apartments, an affordable housing development in Los Angeles, Calif.

Key Points: 
  • LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Canoga Park Apartments, an affordable housing development in Los Angeles, Calif.
  • This is the fifth community in the greater Los Angeles area for CPP and the 60th in the state.
  • Built in 1983, Canoga Park Apartments is comprised of 14 walk-up units across three stories, the first of which is tuck-under parking.
  • “WNC is pleased to partner with CPP to renew affordability status for Canoga Park Apartments,” said Anil Advani, Executive Vice President of Originations and Finance at WNC.

Wabash Recognizes Outstanding Suppliers for 2023

Retrieved on: 
Thursday, April 25, 2024
Partnership, Transport, Platinum, Marketing, WNC, Film industry

LAFAYETTE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) , the visionary leader of connected solutions for the transportation, logistics and distribution industries, recognizes 42 of its top suppliers with 2023 Wabash Supplier Awards for supply chain excellence.

Key Points: 
  • LAFAYETTE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) , the visionary leader of connected solutions for the transportation, logistics and distribution industries, recognizes 42 of its top suppliers with 2023 Wabash Supplier Awards for supply chain excellence.
  • “Our suppliers are invaluable partners in our journey to deliver breakthrough, cost-effective solutions to our customers," said Richard Mansilla, vice president, global procurement for Wabash.
  • The company’s highest honor is its Pinnacle Award, which recognizes the company’s supplier of the year.
  • These select group of suppliers have demonstrated an ongoing commitment to excellence and logistics optimization that support Wabash’s growth and accelerating innovation.

CPP and WNC & Associates Announce Acquisition of Affordable Housing Community in El Centro, Calif.

Retrieved on: 
Thursday, April 18, 2024
Education, GED, Common, Partner, Housing, CPP, Health, HAP, Paint, Partnership, Trust, AMI, Section 8, Senior counsel, Mental health, LED, Acquisition, Community, WNC, HVAC, California Bank and Trust, Real estate

EL CENTRO, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have announced the acquisition and planned renovation of Euclid Villas in El Centro, Calif..

Key Points: 
  • EL CENTRO, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have announced the acquisition and planned renovation of Euclid Villas in El Centro, Calif..
  • The acquisition is in partnership with Bettencourt Properties, Inc. and The Beneficial Housing Foundation.
  • “WNC is proud to partner with CPP on another affordable housing project,” said Anil Advani, Executive Vice President of Originations and Finance at WNC.
  • “When addressing affordable housing needs in communities, it is important to look beyond the physical needs of the property.

Wabash Schedules First Quarter 2024 Earnings Conference Call

Retrieved on: 
Wednesday, April 3, 2024
WNC

LAFAYETTE, Ind., April 03, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the first quarter 2024 on Wednesday, April 24, 2024 beginning at 12:00 p.m.

Key Points: 
  • LAFAYETTE, Ind., April 03, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the first quarter 2024 on Wednesday, April 24, 2024 beginning at 12:00 p.m.
  • The call and an accompanying slide presentation will be accessible on the "Investors" section of Wabash’s website, www.onewabash.com, under "Events & Presentations."
  • The conference call will be accessible by dialing (888) 596-4144, conference ID 4733976.
  • Wabash’s earnings press release, earnings slides and any other related presentation materials will be posted to the "Investors" section of Wabash’s website by 7:00 a.m.

Commonwealth Development Corporation and WNC & Associates Announce Development of Affordable Housing Community in Phoenix, Ore.

Retrieved on: 
Tuesday, March 26, 2024
RV, 2020 Oregon wildfires, Farmer, WNC, AMI, Native, MEP, British International Investment, Senior, City, Housing, LIHTC, ACCESS, Property management

PHOENIX, Ore., March 26, 2024 (GLOBE NEWSWIRE) -- Commonwealth Development Corporation , one of the nation’s largest, majority woman-owned, affordable housing development companies, and WNC & Associates , a family-owned business known as both a pioneer and leader in the affordable housing industry, have closed a deal to begin construction of Pacific Flats, an all-new affordable housing community in Phoenix, Ore.

Key Points: 
  • PHOENIX, Ore., March 26, 2024 (GLOBE NEWSWIRE) -- Commonwealth Development Corporation , one of the nation’s largest, majority woman-owned, affordable housing development companies, and WNC & Associates , a family-owned business known as both a pioneer and leader in the affordable housing industry, have closed a deal to begin construction of Pacific Flats, an all-new affordable housing community in Phoenix, Ore.
  • The property will include 72 units across five three-story buildings, and a separate clubhouse building with amenities including a fitness center, business center, and community room.
  • “Commonwealth is delighted to collaborate with our esteemed partners, WNC, to provide further housing support to the southern Oregon region impacted by the Almeda wildfire,” said Dan Kroetz, Senior Vice President of Development at Commonwealth Development Corporation.
  • “This statistic, combined with the destruction of homes from the Almeda Fire, highlights the need for more affordable housing options in the region.

Greystone Real Estate Capital Adds Key Hires to LIHTC Platform

Retrieved on: 
Monday, March 18, 2024
Real estate, Providence College, Boston University, Negotiation, Investment management, University, WNC, Growth, Veteran, Team leader, Assistant, PNC Financial Services, Methodist University, Capital One, Business, Business administration, Chartered, CRA, Capital, PNC, Senior, Credit, Investment, Housing, Disability, Marketing, FINRA, QAP, Boston, Salve Regina University, Security (finance)

NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) Syndication Platform, Greystone Real Estate Capital, has added four senior members to its team.

Key Points: 
  • NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) Syndication Platform, Greystone Real Estate Capital, has added four senior members to its team.
  • “It’s gratifying to grow a team of committed professionals who have such deep experience in affordable housing equity and finance, and we are energized to make an impact on the sector as we develop Greystone’s LIHTC syndication platform,” said Mr. Greg Voyentzie, head of Greystone Real Estate Capital.
  • Mr. Egidi, with over 15 years of affordable housing industry experience, is responsible for asset selection, fund placement, structuring, marketing, and management of institutional investor relationships for Greystone Real Estate Capital.
  • Mr. Gordon, bringing over 12 years of affordable housing experience, provides Credit & Underwriting direction and guidance for all of Greystone Real Estate Capital’s investments.

Funding from the State of Texas, City of Houston, Harris County Saves At-Risk Permanent Supportive Housing

Retrieved on: 
Monday, March 4, 2024
Community development, Coalition, GLO, Disaster recovery, City, Housing, Renting, HUD, KeyBank, Government, Homelessness, PSH, Health, Private sector, TDHCA, Organization, Policy, CDC, Houston Housing Authority, CDBG, WNC, Community Development Block Grant, Temenos, Partnership, Renewable energy

NEW YORK, March 4, 2024 /PRNewswire-PRWeb/ -- Temenos Community Development Corporation (CDC) in partnership with The NHP Foundation ("NHPF"), a national not-for-profit provider of affordable housing, announced the opening of Rasmus-Temenos, 95 Permanent Supportive Housing (PSH) apartments at a Ribbon-Cutting ceremony today.

Key Points: 
  • Funding for this transformative project includes significant contributions from the City of Houston Housing and Community Development, with $12.5 million allocated, and $11 million in Community Development Block Grant (CDBG) funding for Disaster Recovery from Harris County.
  • These critical funds, approved by the Texas General Land Office (GLO), underscore the government's commitment to supporting initiatives that address homelessness and housing insecurity.
  • Temenos CDC, known for its mission-driven approach to affordable housing and supportive services, has played a pivotal role in championing this initiative.
  • Eva Thibaudeau, CEO of Temenos CDC, highlighted the cooperative nature of the project and thanked all funding partners for their support.

Wabash Announces Quarterly Dividend

Retrieved on: 
Thursday, February 15, 2024
Transport, Growth, WNC

LAFAYETTE, Ind., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company’s common stock, payable on April 25, 2024, to stockholders of record on April 4, 2024.

Key Points: 
  • LAFAYETTE, Ind., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company’s common stock, payable on April 25, 2024, to stockholders of record on April 4, 2024.
  • As the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (NYSE: WNC) is Changing How the World Reaches You®.
  • Headquartered in Lafayette, Indiana, the company’s mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile.
  • Wabash designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment.