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

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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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October 21, 2024

Affordable Housing Finace Magazine Determines "LIHTC Market Poised to Hold Steady as Year Draws to a Close"

“We have seen a decrease in pricing over the year so far and are hopeful that the uncertainties that we know are coming have been priced in at this point so that pricing will hold steady in the second half of the year.”

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Karen Plaque
October 17, 2024

Karen Przypyszny Begins a New Adventure After 24 Years at NEF

One of the original leaders at NEF, Karen Przypyszny, has made the decision to move on from NEF to begin the next chapter of her personal and professional life after 24 years.

Karen’s dedication to affordable housing brought her to NEF in 2000 and since then she has been highly influential and impactful.

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The Laurel
October 18, 2024

The Laurel Gives Santa Monica Unhoused Seniors & At-Risk Residents 57 Affordable Homes

A few weeks ago, representatives from the city of Santa Monica and our partners at EAH Housing gathered with newly housed residents to celebrate the official opening of the Laurel. More than half of the 57 affordable housing units at the Laurel are home to seniors, many of whom have been chronically homeless for years.

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EMDF Closing Alert Ernie Martin Villas
October 16, 2024

Emerging Minority Developer Fund (EMDF) Closes on Ninth Deal: Ernie Martin Villas

In partnership with our Emerging Minority Developer Fund (EMDF) investors, we are pleased to announce the closing of Ernie Martin Villas, the rehabilitation of 288 units of affordable housing for families in Miami, Florida with sponsor Opa-Locka Community Development Corporation (OLCDC).

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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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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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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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