Corporate Overview
Affordable housing is a unique business: bricks and mortar are its body, but “community” is its heart and soul. That is as true today as it was in 1987, when NEF, Inc. funded its first low-income housing tax-credit project.
Through the years we have learned a lot about how best to support the efforts of our 550 local development partners. We have funded some 1,500 projects in 43 states, raised $5.5 billion for investment, supported development of 80,000 homes, and seen some of our first projects work their way through the disposition process.
And the fundamental tenet with which we began still holds true: strong, vibrant communities flow from the efforts of developers, residents, community groups and others focused on the unique needs of their neighborhoods. Those needs may differ from state to state and from town to town but the importance of quality affordable housing to community revitalization and stability is a constant.
That’s why Local Initiatives Support Corporation (LISC) created NEF, Inc.—to deliver the resources needed to support the work of developers focused on the success of their projects, as well as the quality of their communities
NEF, Inc. investors share our belief that local revitalization is not just good for residents, it is good for business as well. Over the last 20 years, NEF, Inc. has partnered with nearly 150 banks, insurance companies and other corporations committed to affordable housing development. Our current funds include capital from 25 top investors that is being directed to single- and multi-family projects, special needs developments, public housing revitalization and historic rehabs.
Over the years, NEF, Inc. has developed a reputation for both its track record of innovation and its wide-ranging expertize. Over nearly two decades, we've learned to focus on the long-term financial and operational success of our projects, not just on the initial investment. That requires strong partnerships that strike a balance between the needs of the developers, the communities in which we work and the investors that make these projects possible.
It’s not always easy, but with more tax-credit experience than almost any other syndicator in the marketplace, our track record speaks for itself. We know that safe, secure neighborhoods and sound business decisions can be part of the same equation, and we have $5 billion in affordable housing investments that prove it.
