National Equity Fund

Berkeley Way

Berkeley, CA

Jobs Created: 26
Jobs Year One: 108

Once a vacant parking lot, Bridge Housing initiated the co-development of the Berkeley Way Apartments and the Hope Center. Both complexes are affordable and supportive housing in Berkeley, California. 

Berkeley Way is an 89-unit studio apartment for low-income families, consisting of one-and two-bedrooms. The community of Berkeley aims to support individuals coming out of homelessness at 15 and 50-60 percent of the area median income (AMI).  

Both developments benefit from the Section 8 subsidy. The city has been granted to improve the transportation system regarding bicycle connection, bus stop upgrades, and zero emissions. Along with convenient access to Berkeley’s BART transit and bus services, residents have plentiful employment opportunities in downtown Berkeley.  

Together, Berkeley Way and The Hope Center is a 2023 AHF Readers’ Choice Finalist in the Urban Category. Sponsored by Bridge Housing, NEF invested $17.8 million in LIHTC equity.  

Project Details:

Population Served:
Total Units:
Mix of Residences:
1 Bedroom (36),Studio (33),2 Bedroom (20)
Net Equity:
Credit Type:
Total Project Costs:
Bridge Housing Corporation
Property Manager:
Bridge Housing Corporation
Leddy Maytum Stacy Architects Corp
General Contractor:
Nibbi Brothers Associates Inc. (General Contractors)

View More Supportive housing Developments

Seasons at Compton - BOACHIF V 2010 - Secondary 2015

Seasons at Compton - BOACHIF V 2010 - Secondary 2015

Compton, CA

SEASONS at Compton, winner of the National Association of Home Builders award for best senior special-needs property, is an 84-unit new construction development for the elderly with 32 units set aside for developmentally disabled individuals or families. It consists of 11 residential buildings ranging from two to four stories with a 3,495-square-foot community center that includes a social service office. There are 68 one-bedroom residences and 16 two-bedrooms with balconies.


Designed by Nardi & Associates of Monrovia, California, the buildings were constructed in two clusters each encircling an elevator and connected by a network of catwalks. The tallest buildings, which are located next to the 710 Freeway, act as a sound barrier minimizing noise for the rest of the community. The development includes a landscaped courtyard with a fountain and is designed to maximize shade and breeze. Structures have stucco exteriors with faux redwood accents and flat roofs with slanting parapets. The development received LEED Silver certification for its sustainable, energy-efficient construction.


SEASONS at Compton is sponsored by LINC Housing, a nonprofit based in Long Beach, California, one of the 25 largest developers of affordable housing in the country as of 2011. The $10.3 million of LIHTC equity National Equity Fund, Inc. contributed to the project is its first investment with LINC Housing.

Freedom Village at West Windsor

Freedom Village at West Windsor

Princeton, NJ

In 2020, Freedom Village at West Windsor opened in Princeton, New Jersey as a beautiful 72-unit affordable housing community that supports residents with disabilities. This development provides homes for moderate income families and individuals who earn between 50-80 percent of the Area Median Income (AMI).  

About 45 percent of residents in the community live with developmental and mental health disabilities, and 18 apartments are set aside for individuals in need. Specifically, 10 units are reserved for residents who are currently receiving services for developmental disabilities through their individual providers. Rents for these set-aside units are all paid for by the New Jersey Division of Developmental Disabilities while rent for eight units reserved for mental health consumers receiving agency services are paid for by the New Jersey Division of Mental Health and Addiction Services. The remaining 54 units are available for individuals and families without disabilities. While showcasing their mission, Project Freedom provides a 100 percent barrier free convenience with accessible wheelchairs and social service providers.  

Freedom Village at Windsor brings together neighborhoods through easy access to transportation, high-quality education and job opportunities in the surrounding areas. The developer worked to meet LEED Silver equivalent efficiency, minimizing water usage while creating healthy and efficient cost-saving buildings and minimal usage of heating and cooling sources.  

With Project Freedom as the developer, NEF invested over $13.2 million in LIHTC equity. 

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