Core Insights - WNC & Associates and Belmont Development Company have finalized a $10.9 million deal to acquire three affordable housing properties in Arkoma and Pocola, Oklahoma, preserving 80 affordable units [1][11] Company Overview - WNC & Associates is a family-owned business established in 1971, recognized as a leader in the affordable housing sector, with approximately $18.2 billion in assets across 48 states, including over 1,800 affordable rental properties housing more than 1 million residents [8] - Belmont Development Company, formed in 2007, focuses on developing affordable housing through USDA-Rural Development and Low-Income Housing Tax Credits (LIHTC), having developed over 50 communities with more than 3,500 units [9] Project Details - The properties involved are GardenWalk of Pocola (36 units), GardenWalk of PocArk - Pocola (20 units), and GardenWalk of PocArk - Arkoma (23 units), all of which will undergo renovations funded by LIHTC, targeting families with incomes up to 50% and 60% of Area Median Income (AMI) [2] - Renovations will include modern upgrades to residential units, such as new appliances, energy-efficient systems, and aesthetic improvements, aiming to create a more comfortable living environment [3][4][6] Community Impact - The project addresses the limited availability of affordable housing in Le Flore County, enhancing the quality of life for residents by providing modern, secure, and high-quality housing [3][7] - Exterior renovations will include improvements to recreational facilities, common areas, and structural enhancements to ensure long-term stability and curb appeal [5][6]