Walker & Dunlop, Inc. announced on July 1, 2025, the successful closing of Fund 124, a $240 million Multi-Investor Low-Income Housing Tax Credit (LIHTC) Investment Fund. This fund is the largest LIHTC fund to date for Walker & Dunlop.
Fund 124 is aimed at advancing affordable housing solutions in fifteen key markets across the United States. It will support the development of 18 properties totaling 1,701 affordable housing units in ten states, including California, Texas, Maryland, and Florida.
Dudley Benoit, senior managing director of Affordable Equity Investor Relations at Walker & Dunlop, stated that Fund 124 represents an exciting milestone that will create meaningful and lasting change in communities. The fund's focus on affordable housing, combined with partnerships with experienced developers, underscores the company's dedication to providing safe, high-quality housing.
The predecessor, Fund 119, closed last year with $167 million in commitments, backing 19 communities with 1,044 units. Walker & Dunlop, ranked as the #2 multifamily finance lender in the U.S., has originated over $6.3 billion in affordable and workforce financing from 2021-2024 and has raised over $10 billion in LIHTC equity to date.
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