News Archives
NEF Funds Connecticut's First Green Multifamily Project
NEF invested $8.9MM of equity in the $22.2MM Hollander Foundation Center, an historic preservation and restoration of the landmark Capitol Building in downtown Hartford. The building will be LEED-certified upon completion in 2009. Read more.
NEF Honored with Guardian Angel Award
Mercy Housing honored NEF with its Guardian Angel Award, one of three awards it bestowed in connection with its 25th anniversary celebration this month. The awards highlight a corporation, individual and investor that have had a significant impact on affordable housing nationwide. Read more.
Senate Housing Bill to Provide $4 Billion
The U.S. Senate recently approved nearly $4 billion in emergency funds to fix up and reoccupy foreclosed
homes as part of the Foreclosure Prevention Act of 2008.
Read more.
Citi, Wells Fargo Support $90MM Green Development
Coachella Valley Housing Coalition (CVHC) recently broke ground on a $90 million green affordable housing project in La Quinta, Calif. La Quinta's Redevelopment Agency sold the project site to CVHC for $1 and made $30MM available to help fund the project. Additional funding will come from Citi and Wells Fargo, which invested a combined $43MM in Wolff Waters Place through NEF, Inc. Read more.
LISC Launches Green Development Center
Madeline Fraser Cook heads up LISC's newest unit, connecting the green development movement to full range of neighborhood projects as well as the next generation of low-income community workers. Read more.
LISC Publishes Green Rehab Guide for Multifamily Properties
The first of its kind, this publication provides guidelines to help affordable housing developers make their existing properties green and energy efficient. Read more.
NEF Partners in the News
Top NEF sponsor, Coachella Valley Housing Coalition (CVHC). recently broke ground on a $90 million green affordable housing project in La Quinta, Calif. Read more.
Long-time NEF partner Plymouth Housing Group opened the Langdon and Anne Simons Senior Apartments in downtown Seattle. The project marks the culmination of the company's $52 million Building Hope Capital Campaign and has welcomed 92 homeless seniors and veterans. Read more.
NEF Names Johnston SVP of Acquisitions
Robert Johnston has joined NEF, Inc. as senior vice president for acquisitions and will oversee the firm’s national affordable housing investment strategy. Read more.
Treasury Awards LISC-NEF Top New Markets Tax Credit Allocation: $133MM
Local Initiatives Support Corporation (LISC) has been awarded $133 million in new markets tax credit investment authority – the largest among the $3.9 billion in new awards that the U.S. Treasury Department recently made to help 61 organizations spur economic development in disinvested communities across the country. Read more.
2007 Fannie Mae Maxwell Awards
The Fannie Mae Foundation, in collaboration with the Partnership to End Long Term Homelessness, seeks applicants for the seventeenth annual Maxwell Awards of Excellence Program. Up to $300,000 will be awarded for Outstanding Supportive Housing Developments. Read more.
NEF Parent Company Praised by Clinton
Local Initiatives Support Corporation was praised in President Clinton's new book,
Giving: How Each of Us Can Change the World. The former President describes LISC's general work in community development and makes reference to their work with New Markets Tax Credits, green development, the Gulf, and AmeriCorps. Learn more.
NEF counts one winner, one finalist, in Buffalo's Brick by Brick Awards
Business First of Buffalo announced the winners of its 4th annual Brick by Brick Awards, a program that honors the best in local development in eight categories. Victory Ridge Apartments took the Brick in the Best Historic Renovation category, and Cornerstone Manor was a finalist in the Best New Construction category. Read more.
NEF Projects Named as Finalists by AHF
Three NEF projects have been named as finalists in Affordable Housing Finance (AHF) magazine's annual Readers Choice award competition. They include: Near North Apartments (aka Margot and Harold Schiff Residences) in Chicago, Mission Creek Senior Community in San Francisco, and Solara in Poway, Calif.
LISC/NEF Gulf Activity Reaches $170MM
LISC and NEF marked the anniversary of Hurricane Katrina with a commitment of $29 million in grants and tax-credit equity to new affordable housing in Miss. That brings the combined LISC/NEF GO Zone activity $170MM in grants, loans and equity. Learn more.
Green Grant
Home Depot provides $500,000 Green Grant to LISC. Read more.
NEF Invests $46MM to Preserve Calif. Low-Income Housing
NEF invests $46MM in Calif. project, its largest-ever single investment in a "green" preservation project sponsored by EAH. Read more.
NEF Projects Honored
The Affordable Housing Tax Credit Coalition honored three NEF-financed projects last week for excellence in affordable housing. Read more.
