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            Providing solutions.
                          Investing in brighter 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 envision a society where increased access to affordable housing empowers every individual and family 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
NEF ADS

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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State Tax Credits

State tax credits offer an essential additional resource for the affordable housing market—delivering benefits to both developers and investors while generating critical equity needed to deliver more affordable housing.

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NEF in the News

Novo Finally
August 14, 2025

NEF and Community HousingWork's NOVO Apartments was CalHFA's First Preservation Equity Deal

Recently, NEF collaborated with our long-time partners at Community HousingWorks and the California Housing Finance Agency (CalHFA) to preserve 126 units of unrestricted housing in the Eastern Los Angeles County community of Rowland Heights. The preservation equity deal will help maintain those affordable housing units for a minimum of ten years. 

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Jigzibik Rendering
August 13, 2025

Irving Park's First Affordable Housing Development Tailored for Indigenous Community Members Breaks Ground in Chicago

Last month, NEF's Jacob Kayser and Rodney Pruitt joined our partners at Full Circle Communities, Inc and Visionary Ventures as well as state and local officials to celebrate the groundbreaking and blessing of Jigzibik, a seven story, 45-unit development in the Irving Park neighborhood of Chicago.

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Solaire Finalist
August 06, 2025

NEF's 2025 AHF Readers' Choice Award Finalist Spotlight: Solaire Apartments

And last but certainly not least, Solaire Apartments is NEF's fifth finalist in the 2025 AHF Readers' Choice Awards in the Permanent Supportive Housing category! Situated in San Jose, California, Solaire Apartments provides 130 units of affordable housing, half of which are permanent supportive housing for people who are experiencing homelessness, exiting homelessness, and frequent users of safety net services. 

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Market Street Finalist
August 04, 2025

NEF's 2025 AHF Readers' Choice Award Finalist Spotlight: Market Street Village

Market Street Village is our fourth finalist in the 2025 AHF Readers' Choice Awards in the Preservation category! Previously a market rate-building constructed in 2006, Market Street Village has been earnestly transformed into 229 units of affordable and supportive housing for Veterans experiencing or exiting homelessness as well as moderate-income/workforce housing in downtown San Diego. 

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Dixwell Finalist
August 01, 2025

NEF's 2025 AHF Readers' Choice Award Finalist Spotlight: Dixwell Apartments

NEF's third 2025 AHF Readers' Choice Award Finalist is 340+ Dixwell Apartments! This pioneering, mass timber development is a finalist in the Family Housing category. 340+ Dixwell Apartments combines high quality affordable housing with environmentally safe construction to create an innovative solution for families being displaced due to the gentrification of New Haven, Connecticut.

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Foglia Finalist
July 31, 2025

NEF's 2025 AHF Readers' Choice Award Finalist Spotlight: The Foglia Residents at the Chicago Lighthouse

Another one of NEF's 2025 AHF Readers' Choice Award Finalists is Foglia Residences at the Chicago Lighthouse and is our finalist in the Urban Housing category. The Foglia Residents at the Chicago Lighthouse opened its doors in October 2024 and stands as a beacon welcoming people into the local district and community.

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Bimosedaa Finalist (1)
July 28, 2025

NEF's 2025 AHF Readers' Choice Award Finalist Spotlight: Bimosedaa

Get ready to meet NEF's first 2025 AHF Readers' Choice Award Finalist! We'll be unveiling four (4) more developments during the voting period, so stay tuned. Bimosedaa is our finalist in the Historic Rehab category.

Originally built in 1915 as the Rockler Fur Building, Bimosedeaa now reopens its doors to help serve the local community in Minneapolis, Minnesota...

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TCA
July 23, 2025

Read NEF's Debbie Burkart's Interview in TCA's “Breaking the Cycle of Veteran Homelessness" Article

Last week, NEF's Debbie Burkart was interviewed for an article in Tax Credit Advisor titled, “Breaking the Cycle of Veteran Homelessness.”

Within the article, contributing writer, Michael Murney, highlights the importance of the U.S. Department of Housing and Urban Development and the U.S. Department of Veterans Affairs permanent supportive housing program (HUD-VASH), including its incentives and potential challenges for prospective developers.

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2025 Q1 2 Structured Finance Recap (2)
July 25, 2025

NEF's Structured Finance Team Preserves Nearly 1,500 Units in First Half of 2025

We are proud to recognize NEF's structured finance team for driving the momentum from 2024 through the first half of 2025 in the preservation and workforce housing sector. Our team has successfully financed nine (9) developments in five (5) states for a total of more than $167 million to preserve nearly 1,500 affordable housing units!

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Stone Bridges
July 16, 2025

311 Units of Affordable Mixed Use Housing Officially Open in Goodlettsville, Tennessee

Last month, we joined Holladay Ventures as well as our investors, community members and state and local officials to celebrate the opening of Stone Bridge Lofts in Goodlettsville, TN.

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