NEF, Inc. provides equity and manages tax-credit-financed low-income housing developments on behalf of some 150 institutional investors.
"Without these new developments, thousands of low-income families wouldcontinue to be trapped in overcrowded, substandard or temporary housing," said Joseph S. Hagan, president and CEO of NEF, Inc. "2000proved to be one of our most productive years ever." Congress has moved to expand the tax credit program, which should make low-income housing more attractive to investors, Hagan added.
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