Building Homes, Communities, and Futures

$147 Million Emerging Minority Developer Fund Broadens LIHTC Access

The Emerging Minority Developer Fund (EMDF) "helps address the biggest LIHTC barrier minority developers face—guidelines that require $1 million of liquidity and $5 million in net worth,” Lydia Smith explains in "$147 Million Emerging Minority Developer Fund Broadens LIHTC Access" in Affordable Housing Finance.

Passage Apartments Provides Homes & Services for Residents with Disabilities

The NEF team is proud to support and celebrate with our partners at Englewood Community Development Corporation and Noble on the grand opening of The Passage Apartments in Indianapolis! The Passage provides 39 affordable housing units with one floor set aside for short-term rentals, eight apartments for residents with disabilities and their families, and the remaining units reserved for households earning no more than 60% of the area median income (AMI). 

Victory Vistas Celebrates Groundbreaking on 50 Units for Seniors in Cincinnati

Congratulations to our partners at KINGSLEY + CO. and Serving Older Adults Through Changing Times (SO-ACT) on the groundbreaking of Victory Vistas! Soon, 50 units of affordable housing for seniors will be available in the Paddock Hills Community of Cincinnati.

Daryl Shore to Speak on Neighborhood Housing Panel at Diverse Developers Conference in Chicago

NEF's Daryl Shore, Head of Structured Finance, will speak on the Neighborhood Housing panel (Session 6B) at the inaugural Diverse Developers Conference on Thursday, October 12 in Chicago! The session will discuss ways to preserve naturally occurring affordable housing (NOAH). 

Fischer Senior Apartments will Bring Over 100 Homes for Seniors in The Bronx

NEF is thrilled to celebrate the groundbreaking of the Fischer Senior Apartments, the latest affordable housing development from our partners at WSFSSH, Inc.

Located in the Highbridge neighborhood of The Bronx, The Fischer Apartments will bring 105 homes for seniors 55+, including 54 units for formerly homeless seniors

Raymond E. Shepherd Housing Will Offer Supportive Housing for LGBTQ+ Residents & Seniors in Ferndale, MI

Congratulations to our partners at Full Circle Communities, Inc on the groundbreaking of Raymond E. Shepherd Housing in Ferndale, MI! This development is a direct response to the needs of the community, specifically its notable LGBTQ+ and elderly populations in need of affordable housing.

Depot at Hyde Park Brings 43 Homes to Low-Income Families & Individuals in LA

Congratulations to our partners at Women Organizing Resources Knowledge and Services (W.O.R.K.S) and GTM Holdings, LLC on the ribbon cutting of the Depot at Hyde Park in southeast LA! The event was well-attended by city officials, including Mayor Bass and Councilman Harris-Dawson, and community members.

The Rise Recognized as a NYSERDA Buildings of Excellence & Blue Ribbon for Design Excellence Award Winner

Congratulations to our partners Magnusson Architecture and Planning, Xenolith Partners, Women's Prison Association and Home (WPA), and Brownsville Partnership on The Rise being recognized as a NYSERDA Buildings of Excellence and Blue Ribbon for Design Excellence award winner!

Women's Development Corporation and RIHousing Celebrate Ribbon Cutting of Pine View Apartments in Exeter, RI

The NEF team is proud to support our partners at the Women's Development Corporation and RIHousing on the ribbon cutting for the Pine View Apartments in Exeter, Rhode Island.

Pine View Apartment offers 40 units of affordable housing to a semi-rural community about 25 miles outside of Providence.

New Amsterdam Apartments Preserves More Than 100 Affordable Housing Units for Seniors in New York

Congratulations to our partners at Amsterdam Housing Authority and 3d Development Group LLC on the ribbon cutting ceremony of the New Amsterdam Apartments in Amsterdam, NY. It was an honor to have Governor Kathy Hochul and Mayor Mike Cinquanti speak at this event along with NEF's very own Emily Chen, other stakeholders, and community members. The substantially renovated New Amsterdam Apartments offers 116 units of affordable housing for seniors aged 55+ earning at or below 80% of the area median income (AMI).

Evergreen Real Estate Group Breaks Ground on Encuentro Square in Chicago

The NEF team is proud to support our partners at Evergreen Real Estate Group who recently held the groundbreaking of Encuentro Square. Soon, 89 new affordable housing units will be available for those who need it most in a development that unites the Logan Square, Humboldt Park and Hermosa neighborhoods of Chicago.

5150 Northwest Highway Awarded Outstanding Affordable Project in LEED Homes Awards

Congratulations to our partners at Full Circle Communities, Inc (FCC) on 5150 Northwest Highway being awarded Outstanding Affordable Project in the 15th Annual LEED Homes Awards by the U.S. Green Building Council (USGBC).

Emerging Minority Developer Fund (EMDF) Closes on Fourth & Fifth Deals: Victory Vistas & New Life Housing

In partnership with our Emerging Minority Developer Fund (EMDF) investors, we are pleased to announce the closings on the fourth and fifth deals of the fund:

• Victory Vistas, a 50-unit affordable housing development for seniors (55+) in Cincinnati, OH with sponsor Kingsley + Co.
• New Life Housing, a 60-unit affordable housing development in Tacoma, WA with sponsor Shiloh Baptist Church.

NEF Announces Six Finalists in the 2023 AHF Readers' Choice Awards

We are thrilled to announce that NEF has invested in six affordable housing developments recognized as Affordable Housing Finance (AHF)'s 2023 Readers' Choice Awards Finalists in four separate categories. These outstanding developments were selected along with 30 others across 18 states out of 145 total entries for their dedication to creating and preserving stable, safe, affordable, and supportive housing for a variety of populations.

Freedom Village at Hamilton Woods Brings 72 ADA Compliant Apartments to Hamilton, NJ

Our very own Emily Chen was thrilled to join our partners at Project Freedom, Inc. and the New Jersey Housing and Mortgage Finance Agency (NJHMFA) at the ribbon-cutting of Freedom Village at Hamilton Woods in Hamilton (Mercer County), New Jersey!

This incredible affordable housing and supportive housing development prioritizes inclusivity through accessibility for individuals with disabilities.

Pennrose Celebrates First Groundbreaking in Providence, RI at Parcel 9 Phase 1

Congratulations to our partners at Pennrose, the I-195 Redevelopment Commission and the City of Providence, on the groundbreaking of Parcel 9 Phase 1 in the Fox Point neighborhood! This development marks Pennrose's first in Rhode Island and will help transform the area with a new mixed use, mixed income space for individuals and families.