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.
$90MM Green Housing Development for Low-Income Families in La Quinta, CA
More than 200 low-income families have the opportunity to live in new, high-quality affordable housing with this week’s grand opening of Wolff Waters Place, a $90MM green development near Palm Springs designed for families earning 35-50 percent of the area median income. Read more.
Hagan Named New President at AHTCC
The Affordable Housing Tax Credit Coalition (AHTCC) has elected Joseph S. Hagan-
president and CEO of National Equity Fund, Inc. (NEF)-as its new president. Hagan succeeds Ronne Thielen, managing director of affordable housing at Centerline Capital Group, who was at the AHTCC helm for the last three years.
Read more.
LISC/NEF Help Bring Supportive Housing to Milwaukee
LISC and NEF helped fund one of the first permanent supportive housing projects in Milwaukee. Prairie Apartments was made possible in part through $3.6 million in LIHTC equity from the NEF, Inc. and a $50K green grant from LISC and The Home Depot Foundation. Milwaukee LISC's Leo Ries and NEF's Debbie Burkart are quoted in this Affordable Housing Finance article.
Morgan Stanley Launches $110 Million Commitment for Affordable Housing
Morgan Stanley's investment with NEF is expected to have total economic impact of more than $500 million, create 6,500 jobs and provide 3,300 homes for low-income families, seniors and special needs residents. Read more.
Goldman Sachs to Invest $61 Million in Affordable Housing
The Goldman Sachs Urban Investment Group announced an investment of $61 million to support the preservation of more than 500 affordable rental homes for low-income New Yorkers. The investment will go to the New York Equity Fund (NYEF) and represents the largest single investment in the fund’s history. Read more.
