NeighborWorks Capital, a national non-profit Community Development Financial Institution (CDFI), has partnered with National Equity Fund (NEF) to launch the NeighborWorks Capital Equity Fund. The first-of-its-kind equity fund will provide NeighborWorks America network organizations with a set of standardized, equitable Low-Income Housing Tax Credit (LIHTC) terms. The creation of this fund stems from NeighborWorks Capital’s desire to provide a group of high-performing community-based nonprofit organizations with access to equitable, consistent capital and NEF’s aligned mission.
Rochester, NY | PathStone
Kingston, NY | RUPCO
Phoenix, AZ | Mission Housing, LLC
Lindsay, CA | Self Help Enterprises
The NeighborWorks Network of developers collectively produces more multi-family units across the country than the top five (5) affordable housing developers in the industry combined as reported by Affordable Housing Finance in 2022.
The NeighborWorks Capital Equity Fund is an effort to support the DEI Analysis of AHIC’s Underwriting Guidelines in which "the goal of this effort is to open pathways to underrepresented developers so they can be successful in our field and build wealth for themselves and their communities."
Click on a state below for more information on NEF and NeighborWorks Network projects as of December 31, 2023.
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MAIN CONTACTS
Liz Hibbard, Managing Director of Innovation and Strategic Growth at NEF
Jim Peffley, CEO of NeighborWorks Capital
