National Equity Fund, Inc. (NEF) is a Chicago‑based non‑profit real estate investment manager that specializes in the creation, preservation, and management of affordable, multi‑family housing. Leveraging its Low‑Income Housing Tax Credit (LIHTC) syndication platform and robust lending and investing services, NEF delivers innovative, collaborative financial solutions across a spectrum of housing types—including supportive, veterans, and senior housing. Since its founding in 1987, the firm has invested over $27.2 billion, resulting in 260,000 new affordable homes nationwide, and has contributed more than $260 million in community development grants through its affiliate LISC. NEF distinguishes itself by combining deep industry expertise, a non‑profit mission focused on social impact, and a proven track record of scalable, financially sound affordable housing projects.
Open Positions
Director, Relationship Manager
5+ years in commercial real estate lending, development, or investment, with prior LIHTC experience
Senior Financial Analyst, Sponsor Analysis
2+ years of experience in GAAP-based financial analysis, public accounting, or real estate finance, Bachelor's degree in accounting, finance, or a related field, and experience in LIHTC, structured finance or credit underwriting
Vice President, Capital Strategy (West Region)
7+ years of commercial real estate experience, prior LIHTC experience, strong financial negotiation skills
State Tax Equity Analyst
Bachelor's degree in finance, accounting, real estate, economics, or a related field and 0-2 years of relevant experience
Director, Preservation Equity Investments
8+ years of experience in real estate, advanced financial modeling skills, and strong understanding of capital stack structuring
Vice President, Originations (East, NE Region)
5-10 years of experience in underwriting and structuring real estate projects; undergraduate or graduate degree in business, economics, urban planning or finance; strong analytical skills
Vice President of Marketing & Communications
Bachelor's degree and 8-10 years of progressive experience in marketing and/or communications
Asset Manager (West Region)
Bachelor's degree in real estate finance, 5+ years of experience in asset management, and strong analytical and communication skills
Senior Vice President, LIHTC Originations
10-15+ years of experience in real estate transactions, leadership experience, and undergraduate or graduate degree in related field