National Equity Fund

Chapter 5: Reaching Home | Red Tail Crossing: A LIHTC Odyssey to More Homes

CH 5 LIHTC Odyssey
October 28, 2026

After years of planning, advocacy, financing, and construction, Red Tail Crossing reached its destination.

Currently, Red Tail Crossing offers 102 homes, including permanent supportive housing and family housing, in a neighborhood that previously lacked affordable housing options.

The impact extends far beyond the building itself.

The development achieved full occupancy within six months of opening, demonstrating the tremendous demand for affordable housing in Los Angeles. Residents now have access to stable housing, supportive services, and opportunities to build stronger futures.

In classic story of The Odyssey, the journey ends when the hero reaches home.

At Red Tail Crossing, that's where the story begins.

Reaching full occupancy marked a homecoming, but not the end of the journey. Long-term compliance, asset management and stewardship are essential to protecting affordable housing for years to come.

NEF is proud to help our partners navigate every stage of that journey, delivering innovative, financial solutions from allocation and investment through construction, compliance, and long-term community impact. As the affordable housing landscape continues to evolve, we remain committed to helping developers, investors, and communities weather the tides and bring more affordable homes safely to shore.

Read the full article to follow “Red Tail Crossing: A LIHTC Odyssey to More Homes” from vision to impact, and follow NEF's LinkedIn page for more stories about the partnerships, investments, and perseverance that bring affordable homes to communities across the country.

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