National Equity Fund

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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.



  • 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

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.

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.

Workforce 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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Jaclyn Jackson (1)
September 06, 2022

Jaclyn Jackson is Leading Great Things in Chicago

Throughout my career in social services, I have been committed to using my talents to help improve the lives of families and individuals in the communities I have had the honor to serve."  Jaclyn Jackson, NEF SVP and Chief Human Resources Officer.

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August 16, 2022

AHF Names Announces Readers' Choice Finalists

We are thrilled to announce that four NEF-syndicated projects have been named finalists in four different categories for the 2022 Affordable Housing Finance Readers' Choice Awards! 

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August 10, 2022

NEF Celebrates 340+ Dixwell Groundbreaking

Team NEF recently attended the groundbreaking of 340+ Dixwell, a new development in New Haven, CT that will be the first-ever LIHTC complex to be made with a mass timber structure and technology system, which utilizes wood from a renewable forest. This development will bring 69 total units to the area, with 55 being reserved for low-income families.

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August 08, 2022

National Equity Fund And Cinnaire Become Equity Partners In CPC Mortgage Company To Form Industry’s Only Impact-Driven Multifamily Mortgage Lender

Today, The Community Preservation Corporation (CPC), National Equity Fund (NEF), and Cinnaire announced their joint partnership in CPC Mortgage Company, a national mortgage lending company specializing in multifamily Agency finance products. This first-of-its-kind cooperative leverages the resources and expertise of its three nonprofit owners to increase access to flexible Agency mortgage capital in communities where it is needed most, with the goal of expanding and preserving affordable and workforce housing. 

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August 03, 2022

Crescent Place Brings 40 Affordable Homes to Illinois Suburb

We are thrilled to see the expansion of our partners at Housing Trust Group, LLC! Last month, the Florida-based developer broke ground on Crescent Place, its first affordable housing community in Illinois in the Arlington Heights neighborhood.

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July 22, 2022

NEF Welcomes Vicky Arroyo to its Board of Directors

With nearly 30 years of banking experience and a partnership history with NEF, Arroyo joins the trusted Board of Directors to help bring affordable and supportive housing to the nation.

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ESG Investing
July 20, 2022

The Future of ESG Investing

“The clear entry into talking about ESG to potential LIHTC investors is that housing is foundational to all sorts of social opportunities for families and individuals.”

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May 18, 2022

The Brigadier General Hazel Johnson Brown Veterans Center Opens In Philadelphia

We were thrilled to be a part of last week’s grand opening of The Brigadier General Hazel Johnson Brown Veterans Center at Help Philadelphia VI....

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May 13, 2022

Mamook Tokatee Celebrates Grand Opening

Congratulations to our partners at Community Development Partners, NAYA Family Center and Confederated Tribes of Siletz Indians Human Resources on the grand opening of Mamook Tokatee! Last week, NEF joined...

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May 09, 2022

Celebrating The Groundbreaking Of Placita Dolores Huerta

NEF is thrilled to have been a part of the groundbreaking of Placita Dolores Huerta, a new 110-unit affordable housing development for working families in...

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May 05, 2022

Nef Named Best And Brightest Companies To Work For® Chicago

We are extremely honored to be named one of Chicago’s 2022 Best and Brightest Companies to Work For®, which recognizes organizations committed to excellence in...

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April 18, 2022

WSFSSH At West 108 Receives Award

NEF partner, West Side Federation for Senior and Supportive Housing, received an AIA New York State Excelsior Merit Award, which honors excellence in practice and advocacy of...

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April 12, 2022

Crosswinds At Arista Breaks Ground

NEF partner, Gorman & Company is working to revitalize communities through innovative housing developments. On March 29, Gorman celebrated the groundbreaking for Crosswinds at Arista, a...


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March 24, 2022

A New Year, a New Look - Celebrating 35 Years

With respect to our past and an eye to the future, we present our new look. And I’m so pleased to share that as of yesterday, National Equity Fund has officially been in business for 35 YEARS! Happy Anniversary!!

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January 20, 2022

Nef Announces Record $2.2 Billion In Investments, Celebrates 35 Years

In 2021, NEF had its strongest performance throughout its 35-year history, raising and deploying a record-breaking $2.2 billion in affordable housing investments, which included a record $1.23 billion in LIHTC...


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January 07, 2022

Marta Acquires Property, Preserving 201 Affordable Housing Units In Atlanta



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November 04, 2021

Innovative Intergenerational Development Celebrates Grand Opening in Redmond, Oregon

NEF partner Bridge Meadows recently celebrated the grand opening of Bridge Meadows Redmond, a 36-unit new construction affordable housing community in…

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Matt And Jonathan Milwaukee Soldiers Home Edson Award
September 23, 2021

Iconic Civil War Era Property Milwaukee Soldier’s Home Wins Charles L. Edson Award

The Alexander Company’s Milwaukee Soldiers Home has been officially recognized as a 2021 recipient of the Charles L. Edson Tax Credit Excellence Award in the...

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November 03, 2021

NEF Closes $85m in Committed Capital for Its Emerging Minority Developer Fund

National Equity Fund Closes $85 Million in Committed Capital for its Emerging Minority Developer Fund (EMDF) to Stand up to Racism and Empower Emerging BIPOC...

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Canal Commons Phase 1
October 26, 2021

Canal Commons Set to Provide Affordable Housing Options in High Rent Resort Town

Download the press release. On October 14, developer Pacific Crest Affordable Housing (PCAH) celebrated a joint grand opening and groundbreaking for phases I and II...


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September 16, 2021

The Resurrection Project Celebrates Groundbreaking of Casa Durango

On September 16th, developer The Resurrection Project (TRP) celebrated the groundbreaking of NEF-syndicated Casa Durango. The 53-unit new construction affordable housing development will be located...

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September 24, 2021

AHF Readers’ Choice Award Winners Announced – Two NEF Developments Honored

NEF syndicated developments Hope Manor Village and Milwaukee Soldiers Home have been declared winners of Affordable Housing Finance’s (AHF) Reader’s Choice awards! Milwaukee Soldiers Home...


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September 23, 2021

Liberty Station Opens, Bringing 76 New Affordable Homes to Long Island, NY

Last week, developer Concern for Independent Living, Inc. (Concern) celebrated the ribbon cutting for Liberty Station! The NEF syndicated development consists of six two-story residential...


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August 26, 2021

National Equity Fund and Silicon Valley Bank Launch $110 Million Opportunity Zone Investment Fund

National Equity Fund partnered with Silicon Valley Bank to commit $110,000,000 for affordable housing in Los Angeles and the Bay Area. Leveraging an innovative and deliberate use of Opportunity...

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August 26, 2021

Cleland Place Is First Affordable Development to Open in Wilmette, IL

On August 26th, Housing Opportunity Development Corporation (HODC) held a ribbon cutting event to celebrate the opening of Cleland Place in Wilmette, Illinois. The development...

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