Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Walker & Dunlop Closes $240 Million LIHTC Investment Fund for Affordable Housing Across Ten States

Walker & Dunlop, Inc. announced today the successful closing of Fund 124, a $240 million Multi-Investor Low-Income Housing Tax Credit (LIHTC) Investment Fund aimed at advancing affordable housing solutions in fifteen key markets across the United States.

The largest Walker & Dunlop LIHTC fund to-date, Fund 124 will support the development of 18 properties in ten states: California, Texas, Maryland, Utah, Missouri, Michigan, Connecticut, Florida, Idaho, and Kansas totaling 1,701 affordable housing units. This fund will provide critically needed housing while also creating significant local economic impact. The Walker & Dunlop Affordable Equity team, led by Dudley Benoit, Peter Antonopoulos, Elizabeth Ronayne, Caitlin Crowe, Bob Rice, Edward Jenkins, Emily Moraga, and Marcus Law, arranged the fund.

Key Highlights of Fund 124:

  • Geographic Reach: The fund supports 18 properties across ten states, strategically targeting markets in need of affordable housing.
  • Developer Expertise: 62% of the fund’s developer partners are repeat clients of Walker & Dunlop, underscoring the company’s strong relationships with experienced and trusted developers.
  • Debt and Equity Structure: The fund maintains a weighted average hard debt leverage ratio of 32% (as a percentage of hard debt to total development cost), ensuring a balanced capital structure that supports long-term stability.
  • Section 8 Subsidization: 44% of the units in the fund’s properties will be subsidized with project-based Section 8 contracts, ensuring long-term affordability for residents.
  • Job Creation & Economic Impact: The development of these properties will create approximately 4,542 jobs and generate an estimated $898 million in economic impact, strengthening local economies and communities.
  • Resident Services & Support: The fund provides essential services such as case management, after-school programs, financial literacy courses, meal programs, and community-based activities to enhance resident well-being.
  • Inclusive Housing Priorities: Set asides are designated for seniors (55+), low-income individuals, and those requiring subsidized housing, with dedicated equity supporting formerly homeless residents and individuals with special needs.

“Fund 124 represents an exciting milestone that will create meaningful and lasting change in communities across the U.S,” said Benoit, senior managing director of Affordable Equity Investor Relations at Walker & Dunlop. “The fund’s focus on affordable housing, along with our long-standing partnerships with experienced developers, underscores our dedication to providing safe, high-quality housing to those who need it most.”

Its predecessor, Fund 119, closed last year with $167 million in commitments. The vehicle backed 19 communities encompassing 1,044 units throughout 12 states.

Walker & Dunlop, the #2 multifamily finance lender in the US, has a long-standing commitment to affordable housing and continues to invest in its affordable platform to provide clients with unparalleled solutions for all of their needs. The team originated over $6.3 billion in affordable and workforce financing from 2021-2024 through HUD, Fannie Mae, Freddie Mac, and capital markets sources. To date, the platform has raised over $10 billion in LIHTC equity and sold more than 275 affordable properties across 40 states. To learn more about the team's capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.