National Equity Fund

Building Homes, Communities, and Futures


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Mission & Vision

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.

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Differentiators

  • One of the largest Non-profit Tax Syndicators committed to expanding, diversifying and preserving affordable housing for the long term
  • Mission-driven experts in Low-Income Housing Tax Credits since 1987
  • Pioneers in Supportive Housing with three decades of demonstrated impact
  • Innovators in finding new ways to deepen and broaden the creation and preservation of affordable housing with expertise in preservation lending, workforce housing and pre-development lending
  • Industry leaders in combining Opportunity Zone credits with LIHTC
  • Cultivators of long-term partner relationships and award-winning projects in urban, suburban and rural areas
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Innovative & Collaborative Solutions

Low-Income Housing Tax Credits (LIHTC)

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.

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Predevelopment Loans

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.

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Workforce / Moderate Income Rental Housing

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.  

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Preservation Lending

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.

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Supportive Housing

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.

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Emerging Minority Developers Fund

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.

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News

Vista Verde 2024 Winner
November 19, 2024

Congratulations to Vista Verde, Winner of the 2024 AHF Readers' Choice Award in the Rural Housing

We are thrilled to announce that Vista Verde is the winner of the 2024 AHF Readers' Choice Award in the Rural Housing category, and was honored at the AHF Live awards ceremony in Chicago last night. Vista Verde also won the 2024 Charles L. Edson Award for Green and Healthy Housing.

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Forest And Magnolia Preservation
November 15, 2024

Affordable Housing Finance Article Features Highlights NEF's Full-Service Capabilities

“We bring the entire capital stack to the table... Yes, we vigorously support LIHTC deals. The permanent loan piece means we also support workforce and preservation housing deals, with both short- and long-term financing available,” explained Tom Booher, Managing Director, Head of Agency Lending at National Equity Fund.

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Veterans Housing
November 14, 2024

Two NEF Veteran-Focused Developments Highlighted in Affordable Housing Finance Article

In support of Veterans Day, Affordable Housing Finance featured five developments that are helping reduce the number of Veterans experiencing homelessness throughout the country. According to data from the U.S. Interagency Council on Homelessness, Department of Housing and Urban Development (HUD) and Department of Veterans Affairs (VA), Veterans homelessness has dropped to its lowest level on record since it first started being reported in 2009.

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November 13, 2024

First LIHTC Building in U.S. For Visually Impaired Residents Opens in Chicago

While the affordable housing crisis continues to deepen across the country, blind and visually impaired individuals and veterans have a beacon of hope in the form of the newly opened Foglia Residences at The Chicago Lighthouse. The grand opening held at the end of October celebrated this development as the first LIHTC building in the nation specifically supporting the blind and visually impaired community.

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AHF 2024 Speakers
November 12, 2024

Support our NEF Experts Speaking at AHF Live 2024!

Our experts, Dave Musial and Brandon McCall, will be sharing their industry expertise on LIHTC and dispositions during AHF Live!

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Kaloko Heights Kauhale I Ke Kula Uka Grand Opening
November 06, 2024

Kailua-Kona Community Celebrates 99 Units of Family-Focused Affordable Housing in Hawaii

A few weeks ago, our partners at Hawaiʻi Island Community Development Corporation (HICDC) were joined by community stakeholders, the governor, two senators and the mayor at the dedication ceremony for Kauhale I Ke Kula Uka, an affordable housing development in Kailua-Kona, HI. Kauhale I Ke Kula Uka offers 99 homes for households earning up to 60% of the area median income (AMI) with a focus on family housing in an area with a high demand.

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November 04, 2024

Bear Real Estate Group Breaks Ground on Affordable Housing Development in Milwaukee's Harbor District

Congratulations to our partners at Bear Real Estate Group on breaking ground at the site of the East National Flats. Soon, Milwaukee's Harbor District will have 140 new units of affordable housing!

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Oct 2024 WFH Preservation Recap (2) (1)
October 30, 2024

Structured Finance Preserves 1,195 Units of Affordable Housing in Q3

Congratulations to our Structured Finance team on a productive Q3 in the preservation and moderate income rental housing space! Our team has financed 6 developments in 5 states for over $112 million to preserve 1,195 units of affordable housing.

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October 29, 2024

People's Place Opens Its Doors for Low Income Families & Farmworkers in Santa Paula, CA

Last week, NEF’s Louise Fattaleh and Meredith Hudak attended the grand opening of People’s Place in Santa Paula, CA. Developed by our partners at People's Self-Help Housing, People’s Place provides 69 one-, two-, and three-bedroom homes for families and farmworkers earning 30-60 percent of the area median income (AMI), with 21 units being specifically set aside for farmworker households.

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October 24, 2024

Congressman LaHood Visits Affordable Housing Development for Seniors in Henry, IL

NEF’s Danny Gutman met with Congressman Darin LaHood and staff members as well as partners from Bedrock Property Management and North Arrow Partners to tour a standout development in Henry, IL. Oak Field Place is a 30-unit affordable housing development that opened in 2021 and serves seniors 55+.

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