National Equity Fund

Jefferson Park (5150)

Chicago, IL

Jobs Created: 22
Jobs Year One: 91

The 5150 Northwest Highway Apartments in Jefferson Park is a new construction affordable housing development by Full Circle Communities, Inc (FCC). This development provides access to housing that is transit-oriented, focuses on a mixed-income resident pool and accessible for people with disabilities, veterans, seniors and low-income families. FCC noticed that accessibility was a major issue in Jefferson Park with more than 90 percent of housing units not being wheelchair accessible and limited options for the 2,820 residents with disabilities.

Completed in February 2022, 5150 was intentionally designed to reflect the extremely diverse housing needs in the Jefferson Park neighborhood and has everything from studio to three-bedroom units. Now, 5150 is paving the way for more affordable housing development on Chicago's Northwest side. 


  • 2023 Chicago Neighborhood Development Award Winner, Richard H. Driehaus Foundation Award for Non-Profit Real Estate Development Award
  • 2023 U.S. Green Building Council LEED Homes Awards Winner for Outstanding Affordable Project 

Project Details:

Population Served:
Total Units:
Mix of Residences:
3 Bedroom (38),1 Bedroom (16),2 Bedroom (16),Studio (5)
Net Equity:
Credit Type:
Total Project Costs:
Full Circle Communities, Inc.
Property Manager:
Full Circle Communities, Inc.
Cordogan, Clark & Associates, Inc
General Contractor:
Joseph J. Duffy Co.

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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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