National Equity Fund, Inc. Raises $444M to Expand Affordable Housing

National Equity Fund, Inc. (NEF), a leading non-profit, multi-family, affordable, real estate investment manager, has secured $444,000,000 in new investment capital from investors. This significant funding round will bolster NEF’s mission to create and deliver innovative, collaborative financial solutions, expanding the creation and preservation of affordable housing across the country. The funding clearly positions NEF for accelerated growth and increased impact in addressing critical housing needs. NEF generates opportunities rooted in its vision that increased access to affordable housing empowers every individual and family to reach their full potential. Through its Low-Income Housing Tax Credit (LIHTC) syndication platform and its lending and investing platforms, the organization has been a pivotal force in addressing the nationwide need for affordable homes. Since its founding in 1987, NEF has invested over $27.2 billion, directly contributing to the development of 260,000 new affordable homes for individuals, families, and communities in need. This substantial injection of capital will enable NEF to significantly amplify its efforts and scale its operations. The funds are earmarked for expanding its core activities, including further investments in the development and preservation of affordable housing units, thereby extending its reach and deepening its impact in communities across the nation that are in dire need of stable, accessible housing. The funding reinforces NEF's position as a key player in the affordable housing sector, providing critical resources to address ongoing housing challenges more effectively. Based in Chicago, NEF has also demonstrated a broader commitment to community empowerment, having donated more than $260 million in grants to support its affiliate LISC's nationwide community development work. The newly raised capital is expected to accelerate NEF's strategic growth initiatives, ensuring it can continue to generate opportunities and empower more individuals and families through increased access to affordable housing in the years to come, solidifying its commitment to its foundational vision.