National Equity Fund

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

October 25, 2023

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.). Based in Billings, Montana, MPEG began operations as a small Low-Income Housing Tax Credit (LIHTC) syndicator in August 2003 and has been responsible for the development of affordable housing primarily in six states: Alaska, Colorado, Montana, North Dakota, South Dakota and Wyoming.  Acceptance Corp. was created by MPEG to act as a project level investment entity and routinely serves as a special limited partner in LIHTC project partnerships.

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