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NEF has invested $6.9 billion of equity that has helped build 100,000 homes in 1,600 projects across America.


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LISC and NEF Help Bring Supportive Housing to Milwaukee


LISC and NEF helped fund one of the first permanent supportive housing projects in Milwaukee. Prairie Apartments was made possible in part through $3.6 million in LIHTC equity from the NEF, Inc. and a $50K green grant from LISC and The Home Depot Foundation. Milwaukee LISC's Leo Ries and NEF's Debbie Burkart are quoted in this Affordable Housing Finance article.

Morgan Stanley Launches $110 Million Commitment for Affordable Housing

Morgan Stanley's investment with NEF is expected to have total economic impact of more than $500 million, create 6,500 jobs and provide 3,300 homes for low-income families, seniors and special needs residents. Read more.

Goldman Sachs to Invest $61 Million in Affordable Housing

Supportive housing arrives in Milwaukee, made possible in part through $3.6MM in LIHTC equity from the National Equity Fund, Inc. and a $50K green grant from LISC and The Home Depot Foundation. Milwaukee LISC's Leo Ries and NEF's Debbie Burkart are quoted in this article.

The Goldman Sachs Urban Investment Group announced an investment of $61 million to support the preservation of more than 500 affordable rental homes for low-income New Yorkers. The investment will go to the New York Equity Fund (NYEF) and represents the largest single investment in the fund’s history. Read more.

Secretary Shaun Donovan Speaks at LISC Event


HUD Secretary Shaun Donovan made remarks during a recent LISC event in New York City regarding actions being taken at the federal level to strengthen the linkages between housing and other areas of policymaking. Read more.

Legislative Changes Could Generate $5 Billion in Private Capital


Institutional investors are ready to finance an additional $5 billion in affordable rental housing through the federal Low Income Housing Tax Credit (LIHTC) program if Congress enacts legislation that addresses ongoing market dislocation, according to a study commissioned by Enterprise Community Partners, Inc. (Enterprise) and the Local Initiatives Support Corp. (LISC). Read more.

Treasury Awards LISC $115MM in NMTCs


The U.S. Treasury Department has awarded the Local Initiatives Support Corporation (LISC) $115 million in New Markets Tax Credit (NMTC) investment authority in the 2009 round of allocations. It is the second largest allocation in the 2009 round and makes LISC the largest award recipient in the program’s history, with $623 million in allocations since 2003. Read more.

The Buzz: The Housing Policy Revolution


Buzz Roberts, LISC Senior Vice President for Policy and one of the country’s leading
voices on affordable housing policy and LIHTCs, analyzes legislative efforts to address
new housing credit realities in the most recent Journal of Tax Credit Housing.
Read the December 2009 issue of The BUZZ, or access The BUZZ archives.

New Markets Tax Credits (NMTC)


The NMTC program is designed to provide investors with credits against federal income tax in return for new investments made in eligible businesses and commercial projects in low-income areas, thereby stimulating the investment of private capital in distressed communities. Learn more.