{"id":97774,"date":"2022-01-21T12:48:00","date_gmt":"2022-01-20T19:34:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-national-equity-fund-nef-announces-a-record-2-2-billion-in-investments-for-2021-and-celebrates-35-years-of-commitment-to-affordable-housing\/"},"modified":"2022-01-21T13:50:01","modified_gmt":"2022-01-21T17:50:01","slug":"national-equity-fund-nef-anuncia-un-record-de-2200-millones-en-inversiones-para-2021-y-celebra-35-anos-de-compromiso-con-la-vivienda-asequible","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/national-equity-fund-nef-anuncia-un-record-de-2200-millones-en-inversiones-para-2021-y-celebra-35-anos-de-compromiso-con-la-vivienda-asequible\/","title":{"rendered":"National Equity Fund (NEF) Announces a Record $2.2 Billion in Investments for 2021 and Celebrates 35 Years of Commitment to Affordable Housing"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">Jan. 20, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0In 2021, National Equity Fund (NEF) had its strongest performance throughout its 35-year history. The nonprofit raised and deployed a record-breaking <span class=\"xn-money\">$2.2 billion<\/span> in affordable housing investments, which included a record <span class=\"xn-money\">$1.23 billion<\/span> in LIHTC investments and a record <span class=\"xn-money\">$930 million<\/span> in affordable housing preservation lending. In total, these investments created and preserved 13,550 affordable homes in 2021. Other notable activity for the year included <span class=\"xn-money\">$110 million<\/span> in committed Opportunity Zone investments, twinning with LIHTC benefits, to create new affordable housing where each state determines it&#8217;s needed most, and record workforce housing investments of nearly <span class=\"xn-money\">$40 million<\/span> to support the nation&#8217;s &#8220;missing middle&#8221;. NEF has also now raised over <span class=\"xn-money\">$112 million<\/span> for its Emerging Minority Developer Fund to stand up to racial injustice and empower the next generation of Black, Indigenous, People of Color (BIPOC) LIHTC developers to build their financial capacity and overcome high barriers to entry in accessing LIHTC investment to build affordable housing. <\/p>\n<div id=\"prni_dvprnejpg5404left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg5404left\" title=\"A Cornerstone in Affordable Housing since 1987.\" border=\"0\" alt=\"A Cornerstone in Affordable Housing since 1987.\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/1730908\/HouseWithImageContainers_02.jpg\"\/><\/div>\n<p>&#8220;As COVID continues to wreak havoc across the country affecting all communities \u2013 but disproportionately impacting lower-income communities &#8211; the need for quality affordable housing has never been greater,&#8221; said <span class=\"xn-person\">Matt Reilein<\/span>, president and CEO of National Equity Fund. &#8220;We&#8217;re proud to have had such a strong year in support of our mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. Beyond the numbers, our continued growth means there are more individuals and families across the country with a safe, stable and affordable place to call home.&#8221; <\/p>\n<p>National Equity Fund was founded by its affiliate Local Initiatives Support Corporation (LISC), on <span class=\"xn-chron\">January 9, 1987<\/span>. This was just a few months after the IRS first introduced the concept of LIHTC as part of the Tax Reform Act to encourage private investment in affordable housing on <span class=\"xn-chron\">October 22, 1986<\/span>. <\/p>\n<p>&#8220;NEF has come a long way since we closed our first deal in <span class=\"xn-location\">Kansas City, Missouri<\/span> on <span class=\"xn-chron\">September 30, 1987<\/span>,&#8221; said <span class=\"xn-person\">Mark Siranovic<\/span>, SVP of investor relations who has been with NEF for 28 years. &#8220;That deal had 43 LIHTC units and less than <span class=\"xn-money\">$1 million<\/span> in equity. Today we are approaching our 3000th deal and have invested over <span class=\"xn-money\">$20.2 billion<\/span> in more than 215,500 residences across 48 states plus <span class=\"xn-location\">Puerto Rico<\/span>, <span class=\"xn-location\">Washington D.C.<\/span> and the <span class=\"xn-location\">U.S. Virgin Islands<\/span>. And we now have relationships with close to 1,150 developers and 250 investors, and 195 funds under management.&#8221;<\/p>\n<p><b>About National Equity Fund, Inc. (NEF) <\/b><\/p>\n<p>National Equity Fund, Inc., is a leading nonprofit Low-Income\u00a0Housing\u00a0Tax\u00a0Credit\u00a0(LIHTC)\u00a0syndicator and pioneer\u00a0in\u00a0affordable\u00a0housing with a mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. Through its diverse multi- and single-investor funds, NEF generates opportunities rooted in its vision that all individuals and families across the country have access to stable, safe and affordable homes that provide a foundation for them to reach their full potential. Since being founded by the Local Initiatives Support Corporation (LISC) in 1987, NEF\u00a0has\u00a0invested\u00a0more than <span class=\"xn-money\">$20<\/span>.2\u00a0billion, which represents 215,500 new affordable homes for individuals, families and communities in need across the country. NEF is <span class=\"xn-location\">Chicago<\/span>-based and has donated more than <span class=\"xn-money\">$210 million<\/span> in grants to support LISC&#8217;s nationwide community development work. To learn more about NEF&#8217;s impact, innovative financial solutions and opportunities, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3419598-1&amp;h=2064743124&amp;u=http%3A%2F%2Fwww.nefinc.org%2F&amp;a=www.nefinc.org\" rel=\"nofollow\">www.nefinc.org<\/a>.<\/p>\n<div id=\"prni_dvprnejpg3999left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg3999left\" title=\"National Equity Fund Logo \" border=\"0\" alt=\"National Equity Fund Logo \" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/1670577\/NEF_CMYK_Logo.jpg\"\/><\/div>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3419598-1&amp;h=3244973025&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1730908%2FHouseWithImageContainers_02.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1730908%2FHouseWithImageContainers_02.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1730908\/HouseWithImageContainers_02.jpg<\/a> <br \/>Logo &#8211;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3419598-1&amp;h=2752850313&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1670577%2FNEF_CMYK_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1670577%2FNEF_CMYK_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1670577\/NEF_CMYK_Logo.jpg<\/a> <\/p>\n<p>SOURCE  National Equity Fund<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">Jan. 20, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0In 2021, National Equity Fund (NEF) had its strongest performance throughout its 35-year history. The nonprofit raised and deployed a record-breaking <span class=\"xn-money\">$2.2 billion<\/span> in affordable housing investments, which included a record <span class=\"xn-money\">$1.23 billion<\/span> in LIHTC investments and a record <span class=\"xn-money\">$930 million<\/span> in affordable housing preservation lending. In total, these investments&#8230;<\/p>\n","protected":false},"author":1,"featured_media":97775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-97774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/97774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=97774"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/97774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/97775"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=97774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=97774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=97774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}