Join the Economic Innovation Group on Wednesday, April 6, for a discussion on how to leverage Opportunity Zones (OZ) financing alongside the Low-Income Housing Tax Credit (LIHTC) program to increase the supply of affordable housing.
At least $5.9 billion of OZ equity has been invested in affordable and workforce housing, according to a recent report issued by Novogradac. The National Equity Fund, Inc. (NEF) has been an early leader in the OZ marketplace, working with partners across the country to successfully finance affordable housing deals with OZ capital. In 2021, NEF and Silicon Valley Bank announced a $110 million Affordable Housing Opportunity Zone Fund dedicated to creating affordable homes in California’s high-cost cities and for some of the state’s most vulnerable populations.
During this webinar, representatives from NEF and Silicon Valley Bank will discuss their strategy for financing affordable homes using OZ equity, the LIHTC program, and other sources of capital. Speakers will also share insights on what to consider when pursuing this approach, and provide details on the affordable housing projects funded through their $110 million Opportunity Fund thus far.