News Room

Welcome to the NEF, Inc. News Room, your source for the latest information about what we are doing in the afforable housing market. temp image

NEF Funds Connecticut's First Green Multifamily Project

NEF invested $8.9MM of equity in the $22.2MM Hollander Foundation Center, an historic preservation and restoration of the landmark Capitol Building in downtown Hartford. The building will be LEED-certified upon completion in 2009.
Read more.



NEF Honored with Guardian Angel Award

Mercy Housing honored NEF with its Guardian Angel Award, one of three awards it bestowed in connection with its 25th anniversary celebration this month. The awards highlight a corporation, individual and investor that have had a significant impact on affordable housing nationwide. Read more.

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.

Citi, Wells Fargo Support $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.

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.

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. Read more.

NEF Partners in the News

Top NEF sponsor, Coachella Valley Housing Coalition (CVHC). recently broke ground on a $90 million green affordable housing project in La Quinta, Calif. Read more.

Long-time NEF partner Plymouth Housing Group opened 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 has welcomed 92 homeless seniors and veterans. Read more.

Featured Project: Near North

Near North Apartments


This five-story, 96-unit building in Chicago takes a fresh approach to SRO development with a remarkable design by noted architect Helmut Jahn.

Near North features many “green” elements rarely found in affordable housing developments, including aeroturbines, solar thermal collectors, a grey water system and recycled rainwater. Sponsor Mercy Lakefront, provides on-site supportive services that help formerly homeless residents reclaim their independence.
View project profile.

 

NEF Project Portfolio >GO

NEF has invested $6.4B of equity that has helped build 94,000 homes in 1,600 projects across America.

Contact us today to learn more about what we do.