National Equity Fund, Inc.

NEF would like to welcome Paige Fisher as our newest Corporate Accounting Manager! For the past two years, she worked at a public accounting firm as an auditor and is excited for this new opportunity. Paige is an Ohio native from a small suburb of Cleveland, but she attended Loyola University for her undergraduate and graduate degrees in accounting and has stuck around Chicago ever since!

Last month, our partners at People's Self-Help Housing in collaboration with 5 Cities Homeless Coalition celebrated the grand opening of Pismo Terrace! This #affordablehousing apartment building in Pismo Beach, CA serves not only #lowincome and formerly homeless people, but also transitional-age youth (TAY). With help from the city, Pismo Terrace is now a safe, stable, and affordable place to call home for 50 households earning between 30-60% of the area median income (AMI). Twenty-five units target special needs households (homeless/formerly homeless and people with disabilities) and five are set aside for TAY. Learn more about this inspiring development at the link below! https://lnkd.in/gafkC9kN.

Calling all attendees of the Affordable Housing Investors Council (AHIC) Fall #AffordableHousing Summit! Learn the latest on permanent #supportivehousing from NEF's expert Debbie Burkart on October 17. #AHICSummit2024

A couple of weeks ago, our partners at Resource Center celebrated the official opening of Oak Lawn Place, an #affordablehousing development in the heart of Dallas' Oak Lawn neighborhood. Resource Center's mission is to pursue societal equity by proudly offering LGBTQIA+ affirming resources designed to improve health and wellness, strengthen families and communities, and provide transformative education and advocacy. To bring the project to life, Resource Center worked closely with Matthews Southwest on the planning and development of North Texas' first LGBTQ-affirming affordable #seniorhousing center. The development brings 84 units of high-quality and affordable housing and meant to provide stability and community for #LGBTQIA+ seniors 55+. While LGBTQ+ individuals are a primary focus of the development, Oak Lawn Place does not exclusively serve individuals who identify as members of the community and its doors are open to all applicants who may need a home, showing true inclusivity. Read more about this groundbreaking development and learn more about the residents who live here in the article below! https://lnkd.in/gDjjGqaA

Our final 2024 Charles L. Edson Award Winner for Green and Healthy Housing is Vista Verde, which was honored at the ceremony in Washington D.C. last week. To tackle the challenge of providing affordable workforce housing while being sustainable, Breckenridge, Colorado hired Gorman & Company to build Vista Verde, an affordable housing development with 80 units serving households earning between 30%, 50%, 60%, and 100% of the area median income (AMI). Located a few miles north of the resort town's central business district, Vista Verde achieved a #netzero designation by installing solar panels, which means the building produces enough energy onsite to offset energy consumption. Congratulations to our partners at Gorman & Company, the Town of Breckenridge, Colorado, and the investors involved in making this outstanding #affordablehousing development possible! Learn more about our award-winning developments at the link below. https://lnkd.in/gzausypH

Debbie Burkart and Brandon McCall are both speaking at Southern California Association of NonProfit Housing (SCANPH)'s Annual Conference next week. Don't miss out on NEF's experts speaking on the sustainability of permanent #supportivehousing and unique financing solutions to create and preserve #affordablehousing and visit our exhibitor booth #10 at #SCANPH!

The Carlton Apartments won the 2024 Charles L. Edson Award for HUD Preservation and was honored at the ceremony in Washington D.C last week. Located in the Sheridan Park Historic District of Chicago's Uptown neighborhood and built in 1925 as a hotel, the Carlton Apartments were transformed in 2022 from 70 single room occupancy units into 68 studio apartments for individuals struggling with homelessness and/or residents with special needs. The historic building with its Collegiate Gothic architecture was first renovated and converted into permanent #supportivehousing in 1993. Mercy Housing led the current rehabilitation and reconfigured the first floor to increase common area amenities, and modernized the units in the building, especially kitchens, bathrooms and common areas. The Carlton Apartments legacy of providing affordable homes to extremely low-income Chicagoans experiencing chronic #homelessness and disabilities will continue well beyond its 100-year-anniversary. Congratulations to our partners at Mercy Housing Lakefront and the investors involved in making this outstanding #affordablehousing development possible. Representative Jan Schakowsky (D-IL-9) presented the award at the official award ceremony. Learn more about our award-winning developments at the link below. https://lnkd.in/gzausypH

Last week, NEF welcomed back Matthew H. as our new Vice President, Sponsor Analysis on our Financial Analysis team. Matt is a seasoned financial services professional with over two decades of expertise in impact investing, accounting, and fund administration, with a specialization in the New Market Tax Credit (NMTC) program. Most recently, as Senior Vice President at Broadstreet Impact Services (formerly New Markets Support Company), he oversaw back-office operations for $1.5B in assets under administration and $500M in self-managed funds.

Our second #affordablehousing development honored at the 2024 Charles L. Edson Tax Credit Excellence Awards ceremony in Washington D.C was Millworks Family Housing in the Small Metropolitan Housing category. Millworks Family Housing (MFH) is an innovative Public-Private partnership that provides 83 units of #energyefficient, permanently affordable family housing restricted at 30%, 50%, and 60% of the Area Median Income (AMI), including 15 units serving formerly homeless households. Located in the Port of Bellingham’s waterfront redevelopment district in the heart of downtown Bellingham, Washington, MFH is one of the first of a multi-year, multi-phase development, Mercy Housing Northwest (MHNW) and the city worked closely to integrate the project into a larger master plan. The ground floor is home to a six-classroom Early Learning Center operated by the YMCA of Whatcom County. Congratulations to our partners at Mercy Housing Northwest and the investors involved in making this outstanding affordable housing development possible. Senator Maria Cantwell (D-WA) and Representative Rick Larsen (D-WA-2) presented the award at the official award ceremony. Learn more about our award winning developments at the link below. https://lnkd.in/gzausypH

NEF recently welcomed Dennis Donovan as our new Managing Director, Capital Markets. Prior to joining NEF, Dennis worked at Bank of America in a LIHTC capital markets group focusing primarily on broker fee generation as well as investing for the bank's own account. It's great to have you on the team, Dennis!