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.
LISC's Michael Rubinger Delivers Keynote at International Housing Conference
Rubinger delivered a speech about the importance of community and local participation in 
revitalization efforts at the Housing 2010 Conference & Exhibition, an international housing forum sponsored by the Chartered Institute of Housing in England. Read more or read the article in "Inside Housing"
AHF Announces Sixth Annual Readers Choice Finalists
Affordable Housing Finance received more than 140 nominations this year--33 finalists in nine categories were selected. Two NEF financed projects are among the nominees: Hotel North Bend Apartments in Oregon, developed by Umpqua Community Development Corp. and Malden Arms Apartments in Chicago, developed by Mercy Housing Lakefront. Winners will be announced during the AHF Live conference November 3-5. Read more.
Affordable Housing Market Showing Signs of Life
NEF, Inc. President & CEO, Joe Hagan, speaks to the state of the LIHTC market in this recent Crain's Chicago Business article. Read now.
LIHTC Syndicators See Significant Increase in Proprietary Investments
Novogradac Journal of Tax Credits, June 2010
When surveyed in March about their 2010 low-income housing tax credit (LIHTC) investment targets, many bank representatives indicated a preference for proprietary funds. They cited the single-investor funds as an ideal way to match their Community Reinvestment Act (CRA) obligations with reduced tax liability. Read more.
Study on LIHTC Impact in New York City
A study conducted by LISC and Enterprise with the Furman Center at NYU finds that lower rents mean more money for residents to spend on everything from health care to groceries, boosting local business and property values; federal tax credits seen playing critical role. Read Crain's article, or for additional information, read the full report.
State Farm Commits an Additional $25 Million to NEF, Inc.
Neighborhoods in need will soon be able to get more affordable housing thanks to an expanded commitment of $25 million by State Farm Insurance Company. The funds will help build 250-300 rental homes with green features. Capitalizing the fund will help revitalize low-income communities by financing affordable housing for disadvantaged families and seniors. Read more.
