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California Developer Obtains $118 Million for Affordable Apartments in Nine States

Southern California-Based WNC Looks To Develop or Renovate More Than 900 Units
A rendering shows an affordable housing complex being planned in the San Diego suburb of La Mesa, California, among several projects involving development and renovation of apartments geared to families and seniors. (WNC)
A rendering shows an affordable housing complex being planned in the San Diego suburb of La Mesa, California, among several projects involving development and renovation of apartments geared to families and seniors. (WNC)
CoStar News
January 30, 2023 | 5:32 P.M.

Orange County-based developer WNC raised $118 million in equity to develop and renovate more than 900 apartments as affordable housing in California and eight other states, in a bid to tackle housing costs that continue to soar in many U.S. regions.

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