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

Liz Hibbard
October 15, 2024

NEF's Liz Hibbard Recognized as One of Eight Affordable Housing Finance 2024 Young Leaders

We can't contain our excitement for our own Liz Hibbard, who was recently recognized as one of eight Affordable Housing Finance 2024 Young Leaders. These rising stars touch a variety of sectors and represent the next generation of change makers in the affordable housing industry!

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Pismo Terrace
October 09, 2024

Pismo Terrace Offers 50 New, Affordable Homes in Pismo Beach, CA

Last month, our partners at People's​ Self-Help Housing in collaboration with 5 Cities Homeless Coalition celebrated the grand opening of Pismo Terrace! This affordable housing apartment building in Pismo Beach, CA serves not only low-income and formerly homeless people, but also transitional-age youth (TAY).

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Oak Lawn Place Image Perkins And Will
May 22, 2023

Oak Lawn Place will Bring High-Quality Senior Housing to Dallas

Congratulations to our partners at Resource Center on the groundbreaking of Oak Lawn Place in Dallas!

Resource Center is an organization focused on societal equity, advocacy and transformative education for members of the #LGBTQ+ community and their families. To meet the growing demand for #affordablehousing and care services for an aging LGBTQ+ population, Resource Center worked with Matthews Southwest on the planning and development of Oak Lawn Place, which will bring 84 units of high-quality senior housing to the area.

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October 04, 2024

Vista Verde Wins 2024 Charles L. Edson Award for Green and Healthy Housing

Our final 2024 Charles L. Edson Award Winner for Green and Healthy Housing is Vista Verde (also known as Alta Verde), which was honored at the ceremony in Washington D.C. last week. To tackle the challenge of providing affordable workforce housing while being sustainable, Breckenridge, Colorado hired Gorman & Company to build Vista Verde, an affordable housing development with 80 units...

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Carlton 1
October 02, 2024

Carlton Apartments Wins the 2024 Charles L. Edson Award for HUD Preservation

The Carlton Apartments won the 2024 Charles L. Edson Award for HUD Preservation and was honored at the ceremony in Washington D.C last week. Located in the Sheridan Park Historic District of Chicago's Uptown neighborhood and built in 1925 as a hotel, the Carlton Apartments were transformed in 2022 from 70 single room occupancy units into 68 studio apartments for individuals struggling with homelessness and/or residents with special needs.

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September 30, 2024

Millworks Family Housing Wins 2024 Charles L. Edson Award for Small Metropolitan Housing

Our second affordable housing development honored at the 2024 Charles L. Edson Tax Credit Excellence Awards ceremony in Washington D.C was Millworks Family Housing in the Small Metropolitan Housing category.

Millworks Family Housing (MFH) is an innovative Public-Private partnership that provides 83 units of energy-efficient, permanently affordable family housing...

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September 26, 2024

The Barrister Wins 2024 Charles L. Edson Award for Historic Preservation

This week, four of our affordable housing developments were honored at the 2024 Charles L. Edson Tax Credit Excellence Awards ceremony in Washington D.C. Our first award winner is the Barrister in the Historic Preservation category. 

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2024 Edson Winners Intro
September 24, 2024

NEF Celebrates Four 2024 Charles L. Edson Award-Winning Developments

It's our pleasure to celebrate the announcement of AHTCC's 2024 Charles L. Edson Tax Credit Excellence Awards! Over the next few weeks, we will be congratulating our partners and sharing more about the four (4) award-winning affordable housing developments.

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September 20, 2024

Chicago Heights Welcomes Veterans Home by Turning a Hospital into Affordable Housing

Veterans now have a new place to call home thanks to our partners at Housing Authority of Cook County! Last week, the ribbon cutting ceremony was held for Otto Veterans Square, a new 82-unit affordable housing and permanent supportive housing development in downtown Chicago Heights, IL.

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B&B National Winner 2024
September 13, 2024

NEF Recognized as Best and Brightest Companies to Work For® Winner for Fourth Consecutive Year

Each year since 2021, NEF has been selected as a winner of Best and Brightest Companies to Work For® in the Nation! 

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