Bethesda-based Walker & Dunlop, Inc. has closed Fund 124, a $240 million multi-investor Low-Income Housing Tax Credit (LIHTC) investment fund aimed at advancing affordable housing solutions in fifteen key markets across the United States.
The largest Walker & Dunlop LIHTC fund to date, Fund 124 will support the development of 18 properties in ten states: California, Texas, Maryland, Utah, Missouri, Michigan, Connecticut, Florida, Idaho, and Kansas, totaling 1,701 affordable housing units.
The Walker & Dunlop Affordable Equity team, led by Dudley Benoit, Peter Antonopoulos, Elizabeth Ronayne, Caitlin Crowe, Bob Rice, Edward Jenkins, Emily Moraga, and Marcus Law, arranged the fund.
The fund supports 18 properties across ten states, strategically targeting markets in need of affordable housing. “The fund’s focus on affordable housing, along with our long-standing partnerships with experienced developers, underscores our dedication to providing safe, high-quality housing to those who need it most,” said Benoit, senior managing director of Affordable Equity Investor Relations at Walker & Dunlop.
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