Le Lézard
Classified in: Business
Subjects: NPT, PER

National Equity Fund Announces CEO's Impending Retirement


CHICAGO, Jan. 14, 2019 /PRNewswire/ -- National Equity Fund, a leading syndicator of the low-income housing tax credits (LIHTC) program, announced that Joseph S. Hagan, its president and CEO, will be retiring at the end of the year.

Joe Hagan

Hagan oversaw the organization's transformation into one of the top syndicators in the country since joining in 2000. Under his leadership, NEF 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, among countless others.

"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, National Equity Fund's chairman of the board. "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. On behalf of NEF and its board, I want to express our heartfelt gratitude for Joe's service. He will be greatly missed."

The board of directors has begun a national search, conducted by Korn Ferry, to identify a successor. During this time, Hagan will continue to lead NEF. Any candidate interested in the role or anyone wanting to confidentially recommend a candidate should contact Kate Shattuck at kate.shattuck@kornferry.com and/or Divina Gamble at divina.gamble@kornferry.com

About National Equity Fund, Inc.
Chicago-based nonprofit, National Equity Fund, Inc., is a leading syndicator of low-income housing tax credits (LIHTC) and an affiliate of the Local Initiatives Support Corporation. NEF has played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies for more than 30 years. Through its partnerships with developers and investors, it has invested $15.3 billion in 2,687 LIHTC developments, creating 176,804 affordable homes for low-income individuals and families as well as 215,701 jobs nationwide. For more information, go to www.nefinc.org

Contact: Maureen Mullady
National Equity Fund, Inc.
312.697.6460
mmullady@nefinc.org

 

SOURCE National Equity Fund, Inc.


These press releases may also interest you

at 18:45
AsiaBaseMetals Inc. (the "Company") is pleased to announce a fully subscribed non-brokered private placement for gross proceeds of up to $200,450 through the sale of up to 2,110,000 units ("Units") at a price of $0.095 per Unit (the "Private...

at 18:36
This press release corrects a prior version published on February 11, 2019 and is updated to revise the amount of merger-related expenses recognized during the fourth quarter of 2018.  Subsequent to filing the original press release and following...

at 18:35
First Foundation Inc. ("First Foundation"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it will report its financial...

at 18:29
Automotive Properties Real Estate Investment Trust ("Automotive Properties REIT" or the "REIT") today announced its financial results for the fourth quarter ("Q4 2018") and year ended December 31, 2018 ("2018"). Q4 2018 Highlights Property rental...

at 18:17
Markel Corporation announced today that it released its 2018 annual report. One of the highlights of the annual report is the letter to shareholders. An excerpt from the letter is shared below. "As we noted last year, we...

at 18:08
Willamette Valley Vineyards , a leading Oregon producer of Pinot Noir, generated income applicable to common shareholders of $1,839,665, or $0.37 cents per share, for 2018, down from $2,289,730, or $0.46 cents per share, for the prior year,...



News published on 14 january 2019 at 11:34 and distributed by: