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, Relationship Management
Bachelor's or Master's degree in real estate or related field and 7+ years of commercial real estate experience
Investment Analyst
2-3 years of experience in real estate investments or financial field, B.A. in finance, economics, accounting, business administration or equivalent job experience
Senior Investment Analyst
3-5 years of experience in real estate investments or a financial field, B.A. in finance or equivalent experience, proficiency in Microsoft Excel
Vice President, Capital Strategy (West Region)
7+ years of commercial real estate experience, prior LIHTC experience, strong financial negotiation skills
Modeling Manager
Bachelor’s degree, 4+ years of experience in underwriting, strong analytical skills, and Excel proficiency