Fund 124 is a new fund focused on affordable housing, set to significantly impact communities in the U.S. The fund will support 44% of its units with project-based Section 8 contracts and collaborate with experienced developers. The federal Low-Income Housing Tax Credit (LIHTC) program plays a crucial role in promoting private investment in affordable housing, providing tax incentives for below-market rentals. Fund 124 expects to generate over 4,500 jobs and nearly $900 million in economic benefits while offering various resident services. Walker & Dunlop has previously raised substantial funds for affordable housing initiatives.
Fund 124 represents a significant milestone that will create enduring change in U.S. communities, emphasizing affordable housing and partnerships with experienced developers.
The fund is designed to provide safe, high-quality housing, with 44% of units supported by project-based Section 8 contracts.
The federal LIHTC program incentivizes private investment in affordable rental housing, offering tax credits to developers who reserve units at below-market rents.
Fund 124 is projected to create over 4,500 jobs and contribute nearly $900 million in economic impact, while also providing essential resident services.
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