NEF's Role
NEF, Inc. equity funds serve as limited partners in tax credit projects. As such, NEF, Inc. must agree to a general partner’s plan to sell its project at the end of the 15 year compliance period. Our role is to facilitate the disposition of the project from the limited partnership as soon as possible after that compliance period, in accordance with the partnership agreement’s terms. And, when all project partnerships in a particular equity fund are sold, we wind up the fund’s affairs on behalf of the fund's investors.
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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.
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NEF Project Portfolio >GO
NEF has invested $7.5 billion of equity that has helped build 109,000 homes in 1,800 projects across America.
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