NeighborWorks Capital Equity Fund
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
foundation
Deadline history & next window
- Cycle
- Rolling — applications accepted year-round
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Eligible organizations
- Community-based nonprofit organizations
- High-performing nonprofit developers
Other requirements
- National (all states)
- Neighbor
- Works America network members only
Overview
NeighborWorks Capital Equity Fund
Administrator: NeighborWorks Capital (national non-profit Community Development Financial Institution - CDFI), in partnership with National Equity Fund (NEF)
Program Type: Equity investment fund for Low-Income Housing Tax Credit (LIHTC) deals
Overview
The NeighborWorks Capital Equity Fund is a first-of-its-kind equity fund that provides NeighborWorks America network organizations with standardized, equitable Low-Income Housing Tax Credit (LIHTC) terms. The fund was created to provide high-performing community-based nonprofit organizations with access to equitable, consistent capital with NEF's aligned mission.Geographic Scope
National (all states)- NeighborWorks America network members only
- Community-based nonprofit organizations
- High-performing nonprofit developers
Target Beneficiaries
Eligible Organizations:- Efficient access to pre-negotiated investment agreements offering best available terms
- Economies of scale and ease of execution
- Protections against abuse, including assurances regarding exit terms at the end of compliance period (Year 15) and prohibited actor language
- Transparency on fee/load at the fund level
- A platform through which NeighborWorks organizations can grow the benefits of the fund over time
Fund Benefits
For NeighborWorks network members, the fund provides:- Low-Income Housing Tax Credit (LIHTC) development
- Affordable housing expansion
- Support for underrepresented developers
- Equitable wealth-building for mission-driven nonprofit developers
Focus Areas
Impact Context
The NeighborWorks Network of developers collectively produces more multi-family units across the country than the top five (5) affordable housing developers in the industry combined (as reported by Affordable Housing Finance in 2022). The fund aims to open pathways to underrepresented developers so they can be successful in the field and build wealth for themselves and their communities.- Eastman Reserve, Rochester, NY (PathStone)
- Landmark Place, Kingston, NY (RUPCO)
- Trellis @ Mission, Phoenix, AZ (Mission Housing, LLC)
- Palm Terrace I, Lindsay, CA (Self Help Enterprises)
Example Projects Funded
- Email through: nefinc.org
Key Contacts
Liz Hibbard, Senior Vice President, Innovation and Strategic Growth at NEFJim Peffley, CEO of NeighborWorks Capital
General Contact:
How to Apply
How to Apply
Application process and specific requirements not detailed on the website. Applicants must be NeighborWorks America network members.
Contact for Application Information
Liz Hibbard, Senior Vice President, Innovation and Strategic Growth
Jim Peffley, CEO
What National Equity Fund Inc actually gave
Source: IRS Form 990 filing, 2024
- Grants in 2024
- 3
- Total given
- $17.45M
- Median grant
- $40K
- Range
- $15K–$17.4M
- By dollars: New York >99%, California <1%, Illinois <1%. Top recipient cities: New York, NY; North Hills, CA; Chicago, IL.
Example grants
Local Initiatives Support Corporation · New York, NY
Support community development
$17.4M
Abbey Road Inc · North Hills, CA
Support low-income housing development
$40K
Chicago Rehabilitation Network · Chicago, IL
Support low-income housing development
$15K
Focus Areas & Funding Uses
Fields of Work
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