NEF has invested $6.4B of equity that has helped build 94,000 homes in 1,600 projects across America.
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Senate Housing Bill to Provide $4 Billion
The U.S. Senate recently approved nearly $4 billion in emergency funds to fix up and reoccupy foreclosed
homes as part of the Foreclosure Prevention Act of 2008.
Read more.
LISC Publishes Green Rehab Guide for Multifamily Properties
The first of its kind, this publication provides guidelines to help 
affordable housing developers make their existing properties green and energy efficient. The Guide focuses on four main issues: site condition and systems, building construction, mechanical systems and interior spaces and provides advice on incorporating green building principles. It also looks at the cost and cost-effectiveness of green strategies to assist affordable housing developers in making decisions about which measures to include in their rehab projects. Read more.
Citi, Wells Fargo Support New $90MM Green Development
Coachella Valley Housing Coalition (CVHC) recently broke ground on a $90 million green affordable housing project in La Quinta, Calif. La Quinta's Redevelopment Agency sold the project site to CVHC for $1 and made $30MM available to help fund the project. Additional funding will come from Citi and Wells Fargo, which invested a combined $43MM in Wolff Waters Place through NEF, Inc. Read more.
NEF Partners in the News
Long-time NEF partner Plymouth Housing Group recently announced the grand opening of the Langdon and Anne Simons Senior Apartments in downtown Seattle. The project marks the culmination of the company's $52 million Building Hope Capital Campaign and will welcome 92 homeless seniors and veterans in late January. Read more.
LISC Launches Green Development Center
Madeline Fraser Cook heads up LISC's newest unit, connecting the green development movement to full range of neighborhood projects as well as the next generation of low-income community workers. Read more.
New Markets Tax Credits (NMTC)
The program represents the largest federal community development tax initiative in nearly 20 years and 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.
