National Equity Fund (NEF)
National Equity Fund, Inc. (NEF, Inc.), an affiliate of LISC, is
committed to affordable housing, and they have 1,100 projects that prove
it. Since 1987, they have infused nearly $3.8 billion in investor equity
into projects in 200 urban neighborhoods and rural areas nationwide. But
NEF, Inc. is about more than a check and a handshake. They understand how
the concept of "home" anchors a community, how it helps nurture local culture
and support long-term stability. They know that safe, vibrant
neighborhoods need not be the province of the affluent. That's why,
together with LISC, they are helping neighbors build
communities.
Through the National Equity Fund (NEF), LISC has access to a
pool of equity investment to support Federal Low-Income Housing Tax Credit
developments. NEF raises equity contributions from corporate investors and then
provides the capital to non-profit developers to support community-based
affordable housing development. Throughout Connecticut, NEF has invested
over $136 million in projects resulting in the development of over 1,450 units of
housing.