National Equity Fund's mission is to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. We strive to be diverse, equitable and an inclusive place to work so that our team has the experience and knowledge to effectively support our partners and communities.
Our vision is that all individuals and families across the country have access to stable, safe and affordable homes that provide a foundation for them to reach their full potential.
Enacted in 1986, the federal low-income housing tax credit (LIHTC) was created to advance the production and preservation of affordable housing. Each state allocates LIHTC to qualified affordable housing developers who then sell them to an investor, or to a tax-credit syndication fund made up of equity from one or from many investors. In return, the investors receive a credit against their federal income tax based on the size of their investments.LEARN MORE
NEF’s pre-development lending team provides critical early financing to assist our partners in developing affordable housing. Targeted pre-development funds cover a variety of development expenses, from professional fees to acquisition, including the costs of tasks that need to be completed before construction closing.LEARN MORE
NEF offers specialized financing solutions targeted to working individuals and families in the "missing middle" who are not income-eligible for LIHTC properties but struggle to find affordable housing options in neighborhoods close to job opportunities.LEARN MORE
NEF's experienced Preservation Lending team provides financing to multi-family property owners to help low-income families and individuals stay in their homes, and not be displaced as rents increase.LEARN MORE
NEF has been a pioneer in permanent supportive housing since the very first days of LIHTC. Our supportive housing leaders are advocates for the most vulnerable individuals and families, experts in the planning and operation that goes into these developments and knowledgeable about government programs and policies that can help families and individuals to thrive.LEARN MORE
NEF's Emerging Minority Developer Fund (EMDF) was designed to create access to equity capital resources to facilitate accelerated development capacity and wealth creation for Black, Indigenous and People of Color (BIPOC) developers who have not had proportionate and consistent access to LIHTC. With our investor partners, we have committed capital for the Fund well exceeding our original $100 million target.LEARN MORE
“Throughout my career in social services, I have been committed to using my talents to help improve the lives of families and individuals in the communities I have had the honor to serve." Jaclyn Jackson, NEF SVP and Chief Human Resources Officer.Read More
Team NEF recently attended the groundbreaking of 340+ Dixwell, a new development in New Haven, CT that will be the first-ever LIHTC complex to be made with a mass timber structure and technology system, which utilizes wood from a renewable forest. This development will bring 69 total units to the area, with 55 being reserved for low-income families.Read More
Today, The Community Preservation Corporation (CPC), National Equity Fund (NEF), and Cinnaire announced their joint partnership in CPC Mortgage Company, a national mortgage lending company specializing in multifamily Agency finance products. This first-of-its-kind cooperative leverages the resources and expertise of its three nonprofit owners to increase access to flexible Agency mortgage capital in communities where it is needed most, with the goal of expanding and preserving affordable and workforce housing.Read More
We are thrilled to see the expansion of our partners at Housing Trust Group, LLC! Last month, the Florida-based developer broke ground on Crescent Place, its first affordable housing community in Illinois in the Arlington Heights neighborhood.Read More
With nearly 30 years of banking experience and a partnership history with NEF, Arroyo joins the trusted Board of Directors to help bring affordable and supportive housing to the nation.Read More
“The clear entry into talking about ESG to potential LIHTC investors is that housing is foundational to all sorts of social opportunities for families and individuals.”Read More
We were thrilled to be a part of last week’s grand opening of The Brigadier General Hazel Johnson Brown Veterans Center at Help Philadelphia VI....Read More
Congratulations to our partners at Community Development Partners, NAYA Family Center and Confederated Tribes of Siletz Indians Human Resources on the grand opening of Mamook Tokatee! Last week, NEF joined...Read More
NEF is thrilled to have been a part of the groundbreaking of Placita Dolores Huerta, a new 110-unit affordable housing development for working families in...Read More
We are extremely honored to be named one of Chicago’s 2022 Best and Brightest Companies to Work For®, which recognizes organizations committed to excellence in...Read More
NEF partner, West Side Federation for Senior and Supportive Housing, received an AIA New York State Excelsior Merit Award, which honors excellence in practice and advocacy of...Read More
NEF partner, Gorman & Company is working to revitalize communities through innovative housing developments. On March 29, Gorman celebrated the groundbreaking for Crosswinds at Arista, a...
With respect to our past and an eye to the future, we present our new look. And I’m so pleased to share that as of yesterday, National Equity Fund has officially been in business for 35 YEARS! Happy Anniversary!!Read More
In 2021, NEF had its strongest performance throughout its 35-year history, raising and deploying a record-breaking $2.2 billion in affordable housing investments, which included a record $1.23 billion in LIHTC...
MARTA ANNOUNCES FIRST TRANSACTION OF GREATER ATLANTA TRANSIT-ORIENTED AFFORDABLE HOUSING PRESERVATION FUND NEAR WEST END STATION Fund Supports Preserving and Extending Long-Term Housing Affordability ATLANTA...
NEF partner Bridge Meadows recently celebrated the grand opening of Bridge Meadows Redmond, a 36-unit new construction affordable housing community in…Read More
The Alexander Company’s Milwaukee Soldiers Home has been officially recognized as a 2021 recipient of the Charles L. Edson Tax Credit Excellence Award in the...Read More
National Equity Fund Closes $85 Million in Committed Capital for its Emerging Minority Developer Fund (EMDF) to Stand up to Racism and Empower Emerging BIPOC...Read More
Download the press release. On October 14, developer Pacific Crest Affordable Housing (PCAH) celebrated a joint grand opening and groundbreaking for phases I and II...
On September 16th, developer The Resurrection Project (TRP) celebrated the groundbreaking of NEF-syndicated Casa Durango. The 53-unit new construction affordable housing development will be located...Read More
NEF syndicated developments Hope Manor Village and Milwaukee Soldiers Home have been declared winners of Affordable Housing Finance’s (AHF) Reader’s Choice awards! Milwaukee Soldiers Home...
Last week, developer Concern for Independent Living, Inc. (Concern) celebrated the ribbon cutting for Liberty Station! The NEF syndicated development consists of six two-story residential...
National Equity Fund partnered with Silicon Valley Bank to commit $110,000,000 for affordable housing in Los Angeles and the Bay Area. Leveraging an innovative and deliberate use of Opportunity...Read More
On August 26th, Housing Opportunity Development Corporation (HODC) held a ribbon cutting event to celebrate the opening of Cleland Place in Wilmette, Illinois. The development...Read More
"NEF provides more than just competitive tax credit pricing and great service. They are truly committed to their partners. When I launched Excelerate Housing Group, a woman-owned development firm, they not only provided encouragement but when our team closed our first deal, they really stepped up to make the project work."
"NEF has been a trusted partner and shares our mission of helping those in need of safe, quality affordable housing. They earn our repeat business through competitive tax credit pricing, strong asset management and smooth Year 15 exits. It’s why we have partnered together on more than 17 tax credit deals over the past two decades."
"New Hope Housing has the good fortune to connect with National Equity Fund in 2008 when we embarked on our first LIHTC development. One factor that sets them apart is the staff. The people and their commitment to their partners exceeded any expectations I had."