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.
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.LEARN MORE
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.LEARN MORE
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.LEARN MORE
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.LEARN MORE
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.LEARN MORE
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.LEARN MORE
Another affordable housing development recently awarded for its excellence at the Affordable Housing Finance (AHF) Magazine's Readers' Choice Awards was the Lennox House in the Preservation category.
In 1951, Lennox House opened as a 110-room hotel in Grand Prairie, Texas and shut its doors in 1985.Read More
We are excited to share more love and appreciation for our friends at Full Circle Communities, Inc and the Ruth Ellis Center for their big win a couple weeks ago at AHF Live! Congratulations on winning the Readers’ Choice Award in the Permanent Supportive Housing category for the Ruth Ellis Clairmount Center.Read More
Earlier this month, our partner Lincoln Avenue Communities (LAC) broke ground on Pinyon Apartments, which will bring 252 units of affordable housing for lower-income families to Reno, NV. Pinyon Apartments will restrict 244 units for households earning no more than 60% of the area median income (AMI) and 8 units to less than 50% AMI.Read More
Congratulations to our partners at Over-the-Rhine Community Housing and Urban Sites on the groundbreaking for Vandalia Point in the Northside neighborhood of Cincinnati!
Vandalia Point will provide 52 units of affordable housing for low-income households earning 30-60% of the area median income (AMI) in the neighborhood that has seen the most significant increase in housing costs in the entire city.Read More
A few weeks ago, we celebrated the grand opening of Salem Village in Columbus, Ohio with our partners at National Church Residences! This 76-unit affordable housing development is dedicated to seniors ages 62 and older and is an ideal space for independent living.Read More
In partnership with our Emerging Minority Developer Fund (EMDF) investors, we are pleased to announce the closings on the sixth and seventh deals of the fund: Cycle House and Courtlandt Manor.Read More
Congratulations to our president and CEO, Matt Reilein, on his recognition as one of the 2024 Chicago Titan 100 honorees. The Titan 100 program recognizes Chicago’s Top 100 CEO’s & C-level executives that "embody the true diversity of the Chicago business landscape."Read More
Happy Veteran's Day!
For years, NEF has worked to support Veterans through our “Bring Them Homes” initiative, which provides Veterans of the U.S. military with high-quality affordable housing. Over the past decade, NEF has invested more than $1 Billion in 84 projects that provide a Veterans preference, alongside over $9 million of grant funding to assist with pre-development and system change work to expedite projects, resulting in nearly 13,000 units of affordable housing, including 7,500 units targeting Veterans and Veteran families.
We want to give recognition to another award-winning development!
Congratulations to our friends and at Community Development Partners (CDP) and Native American Youth and Family Center (NAYA) on winning the Charles L. Edson Tax Credit Excellence Award (Edson Awards) in the Housing for Native Americans or Tribal Populations category.
Onto our second of three award winning developments: The Ruth Ellis Clairmount Center in Detroit! This affordable housing and permanent supportive housing development was awarded the 2023 Charles L. Edson Award Winner in the Housing for Special Populations category by the Affordable Housing Tax Credit Coalition.Read More
Our partners New Hope Housing, Inc. (NHH) broke ground on their first affordable community for seniors, and we couldn't be more excited!
Located in Houston, New Hope Housing Gray will offer 135 affordable housing units to seniors with low incomes as well as a Bezos Academy location on-site, which will provide a Montessori-inspired preschool free of charge to tenants.Read More
We are honored to share that three of NEF's affordable housing developments were awarded at the 2023 Charles L. Edson Tax Credit Excellence Awards ceremony in Washington D.C. last week!
Our first 2023 Charles L. Edson Award winner is Hilltop View Apartments in the Housing for Veterans of the Armed Services category.Read More
An incredible day for our partners at New Hope Housing, Inc. (NHH)! NEF is thankful for NHH's partnership and honored to play a role in the groundbreaking of their 12th affordable housing development.Read More
Earlier this month, our colleague Debbie Burkart was interviewed for a thoughtful video that discussed the importance and critical need of affordable housing and permanent supportive housing in the Los Angeles area.Read More
We are excited to share the fantastic news that our friends at Community Development Partners, NAYA Family Center, and Northwest Housing Alternatives have won Golden Hammer Awards in the Best New Multifamily Project category.Read More
The procurement of the mountain region entity brings 49 new LIHTC projects to the NEF portfolio. CHICAGO, Oct. 25, 2023 /PRNewswire/ -- National Equity Fund (NEF), a leading nonprofit multi-family, affordable, real estate investment manager has expanded its reach in the west with the acquisition of the assets of Mountain Plains Equity Group, Inc. (MPEG), including the ownership of MPEG Acceptance Corporation (Acceptance Corp.).Read More
Our partners at New Hope Housing, Inc. (NHH) held the ribbon cutting ceremony for their newest supportive housing development in Houston: New Hope Housing Savoy!
A frequent collaborator of NEF’s, New Hope Housing approaches affordable housing and permanent supportive housing with a mission to help residents stabilize and advance their lives, creating a path to positive generational impact.Read More
"NEF provides more than just competitive tax credit pricing and great service. They are truly committed to their partners. When I launched Excelerate Housing Group, a woman-owned development firm, they not only provided encouragement but when our team closed our first deal, they really stepped up to make the project work."
"NEF has been a trusted partner and shares our mission of helping those in need of safe, quality affordable housing. They earn our repeat business through competitive tax credit pricing, strong asset management and smooth Year 15 exits. It’s why we have partnered together on more than 17 tax credit deals over the past two decades."
"New Hope Housing has the good fortune to connect with National Equity Fund in 2008 when we embarked on our first LIHTC development. One factor that sets them apart is the staff. The people and their commitment to their partners exceeded any expectations I had."
Native American Connections (NAC) began its partnership with National Equity Fund in 2010 during a challenging economic time. Arizona had one of the highest foreclosure rates and banks and investors were nervous about investing in Phoenix, “but, NEF took the time to learn about NAC’s 40-year history of serving the community, our impact, and our sustainability,” stated Diana Yazzie Devine, CEO of NAC.
2022 marks the 50th anniversary of NAC’s service to the homeless and low-income community, and NEF maintains its lasting relationship as NAC continues to develop award-winning affordable housing communities that are on the leading edge of urban and sustainable development through public and private partnerships. “Currently, Phoenix has one of the highest inflation rates, and some of the highest rental rates along with the lowest affordable housing inventory in the country,” observes Devine and adds, “we are right back in challenging economic times.”
Since the collaboration began, NEF continues to be a vital partner in helping NAC to consistently add hundreds of units of permanent supportive housing for chronically homeless and low-income individuals and families.
NEF supports NAC’s strategies of building along Phoenix’s light rail system and other transportation corridors, selecting urban infill sites that are challenging to the city to increase its density, reducing unnecessary parking, building green and ensuring that residents have access to much-needed supportive services. Devine concludes, “NEF understands NAC’s commitment to provide quality supportive services for residents. Together we invest to better the quality of the lives of people we serve.”