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NEIGHBORHOODS
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Awards & Honors

By Chelsea Van ArnamPublished: January 01, 2012

Wilfred Cooper, Sr., founder and chairman of WNC & Associates, was recently inducted into the Affordable Housing Hall of Fame. Cooper, Sr. is a pioneer in the industry, having made the first affordable housing investment in the United States.
    
“My father played an integral role in establishing the industry at a time when most people had never heard of affordable housing,” said Will Cooper, Jr., president and CEO of WNC. “His contributions have helped to provide safe and affordable housing for thousands of communities in need and laid the groundwork for the thriving affordable housing industry we see today.”
    
Cooper, Sr. founded WNC & Associates in 1971 as one of the first affordable housing investors in the U.S., growing the firm’s portfolio to more than $5 billion in assets spanning more than 1,100 properties in 45 states. WNC was one of the first companies to apply to and receive an allocation for New Markets Tax Credits (NMTC) and has been awarded four NMTC allocations to date, totaling $178 million, and has facilitated development of 12 low-income community projects.
    
Affordable Housing Finance Magazine created the Affordable Housing Hall of Fame in 2006 to recognize visionary leaders who have made significant and long-lasting contributions to the industry. The award will be presented at the Affordable Housing Developers’ Summit at the Swissotel in Chicago.
    
WNC & Associates, Inc., founded in 1971 and headquartered in Irvine, Calif., is a nationwide investment firm specializing in Low Income Housing Tax Credits and New Market Tax Credits. For more information please visit www.wncinc.com.


For submissions: Contact Chelsea Van Arnam at 949.757.1404, ext. 264, or at cvanarnam@churmmedia.com.