Today, National Equity Fund (NEF) announced the closing of its inaugural Northeast Fund, which closed at the end of 2023. NEF raised $122.5 million through the fund, which will finance eight Low-Income Housing Tax Credit (LIHTC) affordable housing developments throughout the Northeast.
“Bringing in new investors and creating new equity here in the Northeast demonstrates that we are critically thinking about affordable housing from not only an overarching national perspective, but also from a tailored regional perspective as each region has differing issues that can cause rent instability,” said Liz Hibbard, Managing Director of Innovation and Strategic Growth at NEF.
Read the full press release here.
← Back
