Public Housing Portfolio

By the Numbers

NEF's Public Housing Group has produced more than $220 million of equity to help build more than 3,600 units in communities lacking adequate public housing options across the country. Here are just a few examples of the work we are doing.

 

Asset Management

The Village at Matterhorn Apartments

The project, consisting of 96 rental units, is the fourth phase of an eleven phase re-development effort and will be built using a $20 million HOPE VI grant. The final development will include 269 units of which 165 will be affordable rental, and an additional 378 units will be constructed on numerous off site locations in the Duluth (MN) area.

Asset Management

Charleston Replacement I

This Charleston (WV) development, consisting of 44 rental units, is the first phase of a 5-phase redevelopment effort being undertaken by the Charleston Kanawha Housing Authority, Scott Canel and Associates, and Housing Innovations Corporation and is being built without the
benefit of a HOPE VI Grant. The completion of phase IV
will create 381 new affordable rental units.

Horizon Village

TCG Development Services partnered with the Housing Authority of North Charleston to plan and design this mixed-income, mixed tenure, mixed-use neighborhood that not only reconnects the existing 68 acre site to its surroundings but is also one of the first redevelopments of substantial critical mass in the North Charleston market. The 306-unit new construction community was financed with 4% tax credits and tax-exempt multifamily housing revenue bonds.
Asset Management

Park Boulevard

Park Boulevard is a multi-phase master-planned revitalization effort that is replacing the blighted Stateway Gardens public housing project in Chicago (IL). Nearly 900 units are being built on the site, with additional units built on adjacent land. When complete, more than 1,300 new homes will have been built. Learn more about this project.

 

 

Featured Project: Seneca SRO

Seneca SRO

The $15 million Seneca SRO project is a stellar example of collaboration and creative financing that addresses a dire housing shortage in Buffalo, N.Y. Developed by two organizations with stellar track records in providing supportive housing for persons living with psychiatric disabilities and other special needs populations, the Seneca SRO is a new 75-unit construction project 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 designated for a CR-SRO.  Sponsor DePaul Group, provides support services that focus on assisting residents in developing individual support plans.

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. Learn more about partnering with NEF.

Contact us today.