About NEF
National Equity Fund, Inc. is a leading national syndicator of low-income housing tax credits with one of the largest portfolios of projects in the marketplace. Long known as a market innovator, NEF, Inc. has pioneered unique deal structures and raised service to a new level by employing technology in ways that complement the company’s broad expertise.
NEF, Inc. was created in 1987 by Local Initiatives Support Corporation (LISC) in the wake of the Tax Reform Act of 1986, which enacted the low-income housing tax credit. LISC wanted to make sure that the capital attracted by the credit made its way to the areas that needed it most. In the intervening years, NEF Inc.’s success has helped transform the credit into a mainstream investment tool with a lasting impact on both individuals and their communities.
But NEF, Inc. is about more than a check and a handshake. We understand how the concept of "home" anchors a community, how it helps nurture local culture and support long-term stability. That's why, together with our parent LISC, we are helping neighbors build communities.
The NEF, Inc. Track Record
-- Invested $7.5 billion to support 1,800 projects.
-- Financed the development of 109,000 homes.
-- Partnered with more than 700 nonprofit and for-profit developers.
-- Helped revitalize communities in 43 states + the District of Columbia and Puerto Rico.

