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Celebrating Our Arizona Partners

Devine Legacy on Central provides 65 affordable apartments and 2,500 square feet of commercial space in central Phoenix, an area struggling to provide enough housing to meet demand. True to the city’s transit-oriented development goals, the project is the transformation of an underused site into mixed-income housing located next to a busy METRO station. Devine Legacy is a cornerstone of the community redevelopment plan of its sponsor, Native American Connections, and their fifth LIHTC project. The development offers affordable housing in a state-of-the-art building and includes sustainable building techniques and products. Read more.

NEF closes $833MM in 2011 LIHTC investments

National Equity Fund, Inc. closed $833 million in Low Income Housing Tax Credit (LIHTC) equity investments for 2011. The activity includes support for 74 new construction and rehab projects that created some 8,100 jobs, as well as secondary market acquisitions. More[+]...

Morgan Stanley supports LISC's new Neighborhood Revitalization Loan Fund

The Neighborhood Revitalization Loan Fund will aid us in pushing LIHTC projects forward, noted Joe Hagan, President and CEO of the Chicago-based National Equity Fund, LISC's LIHTC affiliate. To say the LIHTC market has been up and down over the last few years is an understatement, Hagan said. This new LISC fund will help put shovels in the ground, support developers that are critical to community revitalization, and move struggling families into decent, affordable homes.

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