WNC & Associates and its affiliated companies said they closed 2025 with $2.2 billion in affordable housing acquisitions, representing $400 million in year-over-year growth from 2024, as the firm scaled investment activity and expanded its institutional investor roster heading into 2026.
The company said it raised $928 million of investor equity in 2025, funding construction or rehabilitation for more than 6,600 affordable rental units across 28 states. WNC also added nine new investors during the year, bringing its total to 175 institutional investors.
WNC attributed its performance to a vertically integrated model spanning tax credit equity syndication, preservation, and private equity, anchored by WNC & Associates, Community Preservation Partners, and Preservation Equity Fund Advisors. The platform focuses on financing developments eligible for Low-Income Housing Tax Credits and related incentives, while also pursuing acquisitions and renovations intended to extend the useful life of existing affordable communities.
Beyond acquisitions, WNC highlighted research and community initiatives conducted through the Cooper Housing Institute, a nonprofit foundation established by WNC leadership. The company said the institute has awarded $3.6 million in grants to 26 organizations to reduce housing instability and improve outcomes for vulnerable populations.
“2025 was a breakthrough year for the WNC companies,” said Will Cooper Jr., CEO of WNC, citing the firm’s ability to mobilize capital, deepen partner relationships, and expand into additional markets.
Founded in 1971, WNC said its companies have acquired more than $21.6 billion in affordable housing properties since inception and have helped create or preserve more than 122,000 units across 49 states, the District of Columbia, and the U.S. Virgin Islands.
KEY QUOTE:
“2025 was a breakthrough year for the WNC companies. Our team’s ability to mobilize capital efficiently, collaborate with new and existing partners, and expand into meaningful markets demonstrates the power of our integrated approach to affordable housing. We are dedicated to creating long-term value for both the communities we serve and the investors who trust in our mission.”
Will Cooper Jr., CEO, WNC
