News Story

NEF launches $100M fund to fuel minority-led development firms

National Equity Fund, Inc. is launching a $100 million Emerging Minority Developers Fund (EMDF) to connect promising but often overlooked development firms with capital and technical support to build affordable housing, especially utilizing the Low Income Housing Tax Credit (LIHTC).

The move by NEF, which has invested some $17 billion in affordable housing nationwide, is designed to make the LIHTC market more equitable by helping bridge capital gaps facing minority developers and focusing on less experienced firms that are not generally able to access LIHTC financing. Read more.