Press Release

Three NEF Projects Honored by AHTCC

The Affordable Housing Tax Credit Coalition honored several NEF-financed projects last week for excellence in affordable housing.

Solara, in Poway, Calif,. won top honors in the Metropolitan Housing category, for its stunning design and extensive use of green elements, with 100 percent of the project's electrical needs met by solar panels.

St. Leo Campus for Veterans in Chicago won honorable mention in the Special Needs Housing category. It is the first project completed under NEF's national Homeless Veterans Initiative

The Genesee in Seattle also took an honorable mention in Special Needs Housing. It is the first project in the country to combine LIHTCs and HUD 811 financing.

Featured Project: Seneca SRO

Seneca SRO

This $15 million project exemplifies both collaboration and creative financing that addresses a dire housing shortage in Buffalo, N.Y. Developed by two organizations with stellar track records -- DePaul Group and STEL -- in providing supportive housing for persons living with psychiatric disabilities and other special needs populations, the 75-unit Seneca SRO was built upon the former site of an asbestos-ridden bowling center, and it is one of the first projects to leverage tax credits and private debt with OMH funding.

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

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