Building Homes, Communities, and Futures

Mamook Tokatee Wins 2023 Charles L. Edson Tax Credit Excellence Award in Housing for Native Americans/Tribal Populations Category

We want to give recognition to another award-winning development! 

Congratulations to our friends and at Community Development Partners (CDP) and Native American Youth and Family Center (NAYA) on winning the Charles L. Edson Tax Credit Excellence Award (Edson Awards) in the Housing for Native Americans or Tribal Populations category.

Ruth Ellis Clairmount Center Wins 2023 Charles L. Edson Tax Credit Excellence Award in Housing for Special Populations

Onto our second of three award winning developments: The Ruth Ellis Clairmount Center in Detroit! This affordable housing and permanent supportive housing development was awarded the 2023 Charles L. Edson Award Winner in the Housing for Special Populations category by the Affordable Housing Tax Credit Coalition.

New Hope Housing Breaks Ground on First Affordable Community for Seniors in Houston

Our partners New Hope Housing, Inc. (NHH) broke ground on their first affordable community for seniors, and we couldn't be more excited!

Located in Houston, New Hope Housing Gray will offer 135 affordable housing units to seniors with low incomes as well as a Bezos Academy location on-site, which will provide a Montessori-inspired preschool free of charge to tenants.

Hilltop View Apartments Wins 2023 Charles L. Edson Tax Credit Excellence Award in Housing for Veterans Category

We are honored to share that three of NEF's affordable housing developments were awarded at the 2023 Charles L. Edson Tax Credit Excellence Awards ceremony in Washington D.C. last week!

Our first 2023 Charles L. Edson Award winner is Hilltop View Apartments in the Housing for Veterans of the Armed Services category.

New Hope Housing Celebrates Groundbreaking of 12th Affordable Housing Development

An incredible day for our partners at New Hope Housing, Inc. (NHH)! NEF is thankful for NHH's partnership and honored to play a role in the groundbreaking of their 12th affordable housing development.

NEF's Debbie Burkart Featured in "What's ahead for affordable housing in LA" Video

Earlier this month, our colleague Debbie Burkart was interviewed for a thoughtful video that discussed the importance and critical need of affordable housing and permanent supportive housing in the Los Angeles area.

Two Oregon Affordable Housing Developments are Golden Hammer Award Winners

We are excited to share the fantastic news that our friends at Community Development Partners, NAYA Family Center, and Northwest Housing Alternatives have won Golden Hammer Awards in the Best New Multifamily Project category.

National Equity Fund Expands Presence in West with Acquisition of Mountain Plains Equity Group

The procurement of the mountain region entity brings 49 new LIHTC projects to the NEF portfolio. CHICAGO, Oct. 25, 2023 /PRNewswire/ -- National Equity Fund (NEF), a leading nonprofit multi-family, affordable, real estate investment manager has expanded its reach in the west with the acquisition of the assets of Mountain Plains Equity Group, Inc. (MPEG), including the ownership of MPEG Acceptance Corporation (Acceptance Corp.). 

New Hope Housing Savoy Provides 120 Units of Affordable, Permanent Supportive Housing in Houston

Our partners at New Hope Housing, Inc. (NHH) held the ribbon cutting ceremony for their newest supportive housing development in Houston: New Hope Housing Savoy!

A frequent collaborator of NEF’s, New Hope Housing approaches affordable housing and permanent supportive housing with a mission to help residents stabilize and advance their lives, creating a path to positive generational impact.

Abbey Road and Linc Housing Celebrate Grand Opening of Sun Commons in North Hollywood

Congratulations to our partners at Abbey Road and Linc Housing on the grand opening of Sun Commons in North Hollywood, LA! This affordable housing development is adjacent to Penny Lane Centers, the nonprofit that provides supportive services at Sun Commons as well as 6,000 children, youth, and families.

Lisa Deller, Vice President - Asset Management, Named President of the Board of Directors for CHAM

NEF is delighted to announce that Lisa Deller, VP Asset Management, has been named the new President of the Board of Directors for CHAM - Consortium for Housing and Asset Management for Housing and Asset Management!

New Hope Housing at Reed & OST Lofts Affordable Housing Developments to Offer Free Preschool Programs in Houston

NEF is proud to work with innovative developers like our partners at New Hope Housing (NHH) and DWR Development Group, LLC on affordable housing initiatives that improve lives beyond providing homes.

Witnessing the opening of Bezos Academy at NHH at Reed in Houston, a "free, Montessori-style preschool," and the anticipation of building DWR's OST Lofts, which will also have "a prekindergarten program operated by the Tejano Center for Community Concerns," is not only a demonstration of going above and beyond in community and resident services, but also a revolutionary offering in supportive housing in terms of education.

Trailblazing Equitable Housing for All in Washington and Beyond

"NEF's investment in developments like Bertha Pitts Campbell Place not only aligns with our mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing, but it also reflects our efforts to ensure that our team has the experience and knowledge to effectively support the diverse individuals, families, and communities we serve."

$147 Million Emerging Minority Developer Fund Broadens LIHTC Access

The Emerging Minority Developer Fund (EMDF) "helps address the biggest LIHTC barrier minority developers face—guidelines that require $1 million of liquidity and $5 million in net worth,” Lydia Smith explains in "$147 Million Emerging Minority Developer Fund Broadens LIHTC Access" in Affordable Housing Finance.

Passage Apartments Provides Homes & Services for Residents with Disabilities

The NEF team is proud to support and celebrate with our partners at Englewood Community Development Corporation and Noble on the grand opening of The Passage Apartments in Indianapolis! The Passage provides 39 affordable housing units with one floor set aside for short-term rentals, eight apartments for residents with disabilities and their families, and the remaining units reserved for households earning no more than 60% of the area median income (AMI). 

Victory Vistas Celebrates Groundbreaking on 50 Units for Seniors in Cincinnati

Congratulations to our partners at KINGSLEY + CO. and Serving Older Adults Through Changing Times (SO-ACT) on the groundbreaking of Victory Vistas! Soon, 50 units of affordable housing for seniors will be available in the Paddock Hills Community of Cincinnati.

Daryl Shore to Speak on Neighborhood Housing Panel at Diverse Developers Conference in Chicago

NEF's Daryl Shore, Head of Structured Finance, will speak on the Neighborhood Housing panel (Session 6B) at the inaugural Diverse Developers Conference on Thursday, October 12 in Chicago! The session will discuss ways to preserve naturally occurring affordable housing (NOAH).