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National Equity Fund Closes $85M In Committed Capital For Its Emerging Minority Developer Fund (emdf) To Stand Up To Racism And Empower Emerging Bipoc Low-income Housing Tax Credit (lihtc) Developers | Benzinga

by benzinga.com posted 1month ago 122 views
CHICAGO, Nov. 3, 2021 /PRNewswire/ -- This week, National Equity Fund (NEF) closed an initial $85 million in investor commitments for its Emerging Minority Developer Fund (EMDF). NEF established the Fund in late 2020 to create access to equity capital resources in order to facilitate accelerated development capacity and wealth creation for Black, Indigenous and People of Color (BIPOC) developers who have not had proportionate and consistent access to LIHTC. "The EMDF was created to break down old barriers and drive affordable housing forward while openly addressing and fighting the inherent racism, discrimination and inequity that ...Full story available on Benzinga.com.

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