Construction Begins on Bridge Street Development Corporation’s Latest Affordable Housing Project

18 Nov 2011 - Bridge Street Development Corporation

BROOKLYN (November 18, 2011) To finance the project, BSDC took advantage of low-income housing tax credits to attract private investment through the National Equity Fund (NEF). “Investing in Noel Pointer Court was an easy decision,” NEF’s Acquisition Manager, Stephen Karnath, says. “The project boasts a very nice design that complements the streetscape and adds value to the neighborhood. In addition, we value our working relationship with Bridge Street Development Corporation and its CEO, Rhonda Lewis.” Read more.

About NEF

National Equity Fund, Inc. (NEF) is a nonprofit Chicago-based affiliate of the Local Initiatives Support Corporation (LISC) and the nation's largest syndicator of Low Income Housing Tax Credits. Since 1987, NEF has invested $8.8 billion in more than 2,000 LIHTC projects that have built and preserved nearly 122,000 homes affordable to low-income families and individuals.

For more information, visit www.nefinc.org or www.lisc.org.

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Article Type: Press Release