NEF’s affiliate, NEF Housing Charities, Inc., has established the Pay it Forward (PIF) program to augment NEF and partner equity investments in developers of color by providing participating developers with a flexible and patient capital bridge to tax credit applications and awards in the form of recoverable grants and application assistance loans. These grants are up to $50,000 and the loans are up to $250,000.
Tax Credit Fees
With the assistance of PIF grants and loans, developers of color can complete these pre-development activities required to apply for a tax credit award, further mitigating LIHTC affordable housing industry challenges.
*Matching this profile does not guarantee eligibility for participation in PIF
Lydia Smith, Vice President