As the National Equity Fund (NEF) turns 30, LISC CEO Maurice Jones and NEF president Joe Hagan take the measure of all that has been accomplished thanks to the Low Income Housing Tax Credit. More. We were reaching out to new partners, adding new products and services to our line-up, celebrating the work of retiring CEO Joe Hagan, and moving into 2020 with one of our strongest pipelines on … We know that the relationships we have with our investors and sponsors are key to our success. “He closed out 2018 with NEF’s strongest year since its inception in 1987, leaving the organization in excellent financial health as well as with a talented management team. Joe Hagan, longtime president and CEO of National Equity Fund (NEF), will be retiring at the end of the year. Today, Matt takes the helm from Joe Hagan, who is retiring after 19 years on the job and growing NEF’s investment activity to more than $1 billion annually. National Church Residences Development Corp. 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WASHINGTON, Sept. 10, 2019 /PRNewswire/ -- The National Housing & Rehabilitation Association (NH&RA) announced today that two affordable housing champions— Joe Hagan… Looking back, says Joe Hagan, “I could not be happier with what our team accomplished in 2018. More, Syndicators report first-half results, look ahead to rest of 2016. Our Leadership Team. Joe Hagan, National Equity Fund, Inc. Then, our team was excited by another strong year of investment activity. Hagan has been a steady force in affordable housing since 1979, when he ran a nonprofit that converted properties into homeownership opportunities in Columbus, Ohio. “Joe Hagan was one of the pioneers of the LIHTC program and has been an essential part of the growth of the affordable housing industry,” said Ed Sigler, NEF board chairman. The NEF board of directors has begun a national search, conducted by Korn Ferry, to identify a successor. For his many contributions to the industry, Hagan was inducted into Affordable Housing Finance’s Hall of Fame in 2013. 2020 NMHC Top 10 Syndicators | Multifamily Executive Magazine Since joining National Equity Fund, Inc. in 2000, Hagan has been instrumental in building the organization into a formidable industry leader. NEF Looks for Growth Opportunities By ... Hagan to Retire From NEF Under his leadership, the company has helped finance 177,000 affordable homes. Hagan Inducted into Affordable Housing Hall of Fame Joe Hagan and NEF board member, Helen Dunlap are among this year’s inductees into the Affordable Housing Hall of Fame. NEF Names New Chief Human Resources Officer . That includes three million affordable homes since the credit was created in 1986, and 90 percent of all affordable housing being built today. Prior to joining NEF, Reilein served as managing director at Cresset Partners, a private equity firm, where he led the firm’s community development work. New CEO Matthew Reilein discusses the year ahead. Industry to honor the Joes at October 16 luncheon at Boston’s Harvard Club. More, The $50 million will be used to preserve affordable senior housing. Housing Finance, powered by Affordable Housing Finance magazine, provides the tools and best practices for financing, developing, and operating affordable rental housing. Joe Hagan, CEO of National Equity Fund, commenting in 2014 about the new workplace the company moved into in 2001. More, Housing tax credit syndicators reveal what developers should watch for in the coming months. “Our elderly population is not only growing at a rapid rate, but the number of seniors living in poverty is rising,” said Joe Hagan, president and CEO of NEF. “Our elderly population is not only growing at a rapid rate, but the number of seniors living in poverty is rising,” said Joe Hagan, president and CEO of NEF. WASHINGTON, DC (September 9, 2019) – The National Housing & Rehabilitation Association (NH&RA) announced today that two affordable housing champions– Joe Hagan, President Emeritus at the National Equity Fund, Inc. (NEF) and Lyndel J. Some Good News about Opportunity Zone Investments, NEF Launches Fund to Fuel Minority-Led Development Firms, 2020’s Events Call Attention to Nation’s Housing Challenges. Then, our team was excited by another strong year of investment activity. Candidates interested in the role or anyone wanting to confidentially recommend a candidate should contact Kate Shattuck at [email protected] and/or Divina Gamble at [email protected] “Joe Hagan was one of the pioneers of the LIHTC program and has been an essential part of the growth of the affordable housing industry,” said Ed Sigler, NEF’s chairman of the board. We generated our highest production and net income since NEF’s inception. He will be greatly missed.”. NEF has generated in excess of $15 billion in LIHTC equity investments that helped create 176,804 affordable homes in 2,687 developments across the country. More, The syndicator acquired 106 projects last year. Workforce housing developers see promise of new financing tool. Under his leadership, NEF has closed more than $15 billion in equity, providing close to 177,000 affordable homes for low-income individuals and families, many of which include support services for seniors, homeless veterans, youth aging out of foster care, and the disabled. Joe Hagan, National Equity Fund, Inc. We value those relationships and are committed to providing our partners with everything they need to achieve their goals. As my last full year at the helm, it is gratifying to know a legacy of innovation, strength and opportunity has become the foundation of NEF.” view annual report We were reaching out to new partners, adding new products and services to our line-up, celebrating the work of retiring CEO Joe Hagan, and moving into 2020 with one of our strongest pipelines on … October 2013 go. More, A Houston veterans project is just one example of how the low-income housing tax credit program has aided Americans nationwide. Welcome Matt Reilein, NEF’s new CEO. More, High prices and big competition are making the LIHTC market look like it did before the recession, according to a panel of equity experts. Housing Finance, powered by Affordable Housing Finance magazine, provides the tools and best practices for financing, developing, and operating affordable rental housing.
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