Disposition Process
As a nonprofit syndicator that is committed to community development efforts, it is our hope at NEF, Inc. that the projects in which we invest can be maintained as affordable housing after the 15 year compliance period. We look forward to working with our sponsor partners to facilitate a smooth transition.
Here is how you can expect the disposition of your project to proceed.- NEF, Inc. contacts general partner to determine disposition strategy. Year 14 to year 15 of project compliance period
- Sponsor submits its purchase proposal, or plan for sale to a third party. Before end of year 15 of project compliance period
- NEF, Inc. Board Disposition Committee reviews proposal for approval. Year 15 to year 16 of project compliance period
- Real estate or limited partner interest is transferred.
As early as possible after end of year 15 of project compliance period.
Back to Year 15 Plan: Step-by-Step.
Featured Project: Verne Barry Place
Verne Barry Place is a creative example of building preservation and adaptation in Grand Rapids, Mich., designed to meet the needs of some of the area’s lowest-income residents. NEF invested $13.5 million on behalf of eight investors to fund this impressive "green" development.
The 116-unit supportive housing project, developed by Dwelling Place, Inc., features seven commercial spaces and serves homeless residents, including veterans.
View project profile.
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