Matt Reilein Recognized as a Crain's 2022 Notable Nonprofit Board Leader

Our sincerest congratulations to our president & CEO, Matthew Reilein, who has been recognized as one of Crain's 2022 Notable Nonprofit Board Leaders! Read about how Matt's leadership at Chicago Community Loan Fund (CCLF) helped alleviate racial disparities in the financial and affordable housing sectors and inspired the creation of CCLF's Communities of Color fund.

Stone Bridge Lofts Breaks Ground in Goodlettsville

Congratulations to our partners at Holladay Ventures on the groundbreaking of Stone Bridge Lofts, a 311-unit, mixed-use development in Goodlettsville, Tennessee! This is NEF's first deal in Tennessee in some time and will cater to residents earning between 50 and 60 percent of the Area Median Income (AMI). Thank you to our partners at Holladay Ventures for your commitment to building attainable and affordable housing, and thank you to our investors at Amazon Housing Equity Fund and the German American Bank...

NEF and Esusu Offer Financial Wellbeing to Thousands of Residents in Affordable Housing Communities

NEF is thrilled to announce that we have made an investment in Esusu, a leading financial technology company that leverages rent reporting for credit building. This collaboration is a milestone for NEF as our first strategic technology investment in the community development and affordable housing space...

Wecoma Place Breaks Ground in Lincoln City, OR

Congratulations to our partners at Stewardship Development, the Housing Authority of Lincoln County (HALC), Cornerstone Community Housing and Oregon Housing & Community Services (OHCS) on last week's groundbreaking of Wecoma Place, a new affordable housing community in Lincoln City, Oregon! The new development will bring 44 affordable homes to the area, all of which will be one and two-bedroom units available to residents between 30 - 60 percent of the Area Median Income...

WSFSSH at West 108 Celebrates Joyous Dedication & Grand Opening

"A Joyous Dedication" couldn't be more accurate for last week's grand opening of WSFSSH at West 108th Street. Located in the expensive Upper West Side of Manhattan, WSFSSH at W. 108 is an innovative co-location of 100 shelter beds for seniors experiencing homelessness and 199 permanent supportive housing units for low-income and formerly homeless seniors, many of whom are living with serious mental illness and/or substance-use disorders.

Largest Affordable Housing Development Opens in Berkeley, CA

A huge congratulations to our partners at Berkeley Food & Housing Project and BRIDGE Housing Corporation on the grand opening of The Hope Center and Berkeley Way Apartments, the largest affordable housing development in Berkeley, CA! This innovative development is located at 2012 Berkeley Way and composed of two entities combined into one building with the purpose of easing and ending the crisis of homelessness in Berkeley. After years of community development efforts, a parking lot has been replaced with a haven against homelessness. The Hope Center will provide 32 shelter beds and 43 units of permanent supportive housing for homeless and disabled individuals...

Avenue J Grand Opening Brings Hope to Houston's East End

Sending a huge congratulations to our partners at New Hope Housing, Inc. on the grand opening of Avenue J, a new, 100-unit development in the heart of Houston's historic East End neighborhood. In a community undergoing rapid gentrification, Avenue J offers homes to residents earning between 30 and 60 percent of the Area Median Income. This is New Hope Housing's first development focusing specifically on low-income communities. Historically, the organization has focused on building permanent supportive housing complexes with supportive services for Houston's vulnerable populations.

Debbie Burkart Inducted into Affordable Housing Hall of Fame

NEF is thrilled to announce that our very own Debbie Burkart is being inducted into the 2022 Affordable Housing Hall of Fame! A critical thinker, problem solver, motivator, and pioneer in every sense of the word, we are honored to have Debbie as a member of our team and as a 2022 inductee. We cannot wait to celebrate this momentous occasion at AHF Live: The Affordable Housing Developers Summit, Nov. 14-16, in Chicago.

Veterans Villas in Norwalk Breaks Ground

Congratulations to our partners at Mercy Housing (California) on breaking ground at the Veterans Villas at San Antonio in Norwalk, CA last week! Representatives from the City of Norwalk, California and Silicon Valley Bank were present for the celebration. NEF's very own Todd Fabian spoke at the event. The new development will have 60 units dedicated to housing veterans.

Ruth Ellis Clairmount Center Celebrates Grand Opening

NEF was thrilled to attend the grand opening of the Ruth Ellis Clairmount Center in Detroit! The opening of this wonderful permanent supportive housing development brought together residents, civic leaders, investors, developers and neighborhood supporters to participate in a ribbon-cutting, tour of the building and a block party to celebrate a new community cornerstone. With the creation of the Ruth Ellis Clairmount Center, LGBTQ+ youth have access to 43 units of permanent supportive housing, a community health & wellness center, career training and more...

Landmark Place Ribbon-Cutting Celebrates New & Historical

Congratulations to our partners at RUPCO, Inc and investors at TD on the ribbon-cutting of Landmark Place, a new construction and historic preservation development in Kingston, NY! The development consists of the rehabilitated former Kingston Almshouse (Landmark West), which consists of 34 studio apartments. The new construction (Landmark East) is a 4-story building with 32 one-bedroom apartments. All 66 apartments cater to seniors 55 and older. 35 of the apartments are reserved for formerly homeless seniors...

PATH Metro Villas Celebrates Grand Opening

NEF is thrilled to celebrate the grand opening of PATH Metro Villas in Los Angeles! Because of our partners at People Assisting The Homeless (PATH), 187 affordable housing and supportive housing units (and 98 interim housing beds) are available for residents. PATH Metro Villas is an expansive urban campus for low-income households and formerly homeless veterans and individuals. Now, residents can have a safe, stable home in addition to...

Terwilliger Place Celebrates Grand Opening

Congratulations to our partners at Arlington Partnership for Affordable Housing (APAH) on the grand opening of Terwilliger Place! Located in Arlington, Virginia, Terwilliger Place brings160 units of affordable housing to the community, 50 percent of which will have veterans preference. Within the D.C. metro area, there are more 236,000 veterans with 20-34 percent being burdened by the housing crisis...

Betances VI Brings Supportive Housing to the Bronx

“This building exemplifies how NYCHA is a driving force in the multi-agency effort to create and preserve affordable housing in New York City. We are excited to be here to celebrate the completion of the building's superstructure, and we look forward to welcoming over 100 households into their new homes soon,” said NYCHA Executive Vice President of Real Estate Jonathan Gouveia...

Jaclyn Jackson is Leading Great Things in Chicago

“Throughout my career in social services, I have been committed to using my talents to help improve the lives of families and individuals in the communities I have had the honor to serve."  Jaclyn Jackson, NEF SVP and Chief Human Resources Officer.

Foglia Residences at The Chicago Lighthouse Breaks Ground

"For people who are blind or visually impaired, finding safe, affordable, accessible housing is more difficult than it ought to be in the United States. We are proud to be part of the solution."

This quote from Dr. Janet P. Szlyk, President and CEO of The Chicago Lighthouse summarizes the incredible impact that the Foglia Residences at The Chicago Lighthouse will have on the community and beyond. NEF provided tax credits to our partners at Brinshore Development, LLC for this development, which will be the first LIHTC building in the nation for the blind and visually impaired community.

AHF Names Announces Readers' Choice Finalists

NEF Celebrates 340+ Dixwell Groundbreaking

Team NEF recently attended the groundbreaking of 340+ Dixwell, a new development in New Haven, CT that will be the first-ever LIHTC complex to be made with a mass timber structure and technology system, which utilizes wood from a renewable forest. This development will bring 69 total units to the area, with 55 being reserved for low-income families.

National Equity Fund And Cinnaire Become Equity Partners In CPC Mortgage Company To Form Industry’s Only Impact-Driven Multifamily Mortgage Lender

Today, The Community Preservation Corporation (CPC), National Equity Fund (NEF), and Cinnaire announced their joint partnership in CPC Mortgage Company, a national mortgage lending company specializing in multifamily Agency finance products. This first-of-its-kind cooperative leverages the resources and expertise of its three nonprofit owners to increase access to flexible Agency mortgage capital in communities where it is needed most, with the goal of expanding and preserving affordable and workforce housing. 

Crescent Place Brings 40 Affordable Homes to Illinois Suburb

We are thrilled to see the expansion of our partners at Housing Trust Group, LLC! Last month, the Florida-based developer broke ground on Crescent Place, its first affordable housing community in Illinois in the Arlington Heights neighborhood.

NEF Welcomes Vicky Arroyo to its Board of Directors

With nearly 30 years of banking experience and a partnership history with NEF, Arroyo joins the trusted Board of Directors to help bring affordable and supportive housing to the nation.

The Future of ESG Investing

“The clear entry into talking about ESG to potential LIHTC investors is that housing is foundational to all sorts of social opportunities for families and individuals.”

The Brigadier General Hazel Johnson Brown Veterans Center Opens In Philadelphia

We were thrilled to be a part of last week’s grand opening of The Brigadier General Hazel Johnson Brown Veterans Center at Help Philadelphia VI....

Mamook Tokatee Celebrates Grand Opening

Congratulations to our partners at Community Development Partners, NAYA Family Center and Confederated Tribes of Siletz Indians Human Resources on the grand opening of Mamook Tokatee! Last week, NEF joined...

Nef Named Best And Brightest Companies To Work For® Chicago

We are extremely honored to be named one of Chicago’s 2022 Best and Brightest Companies to Work For®, which recognizes organizations committed to excellence in...