CHICAGO, Dec. 12, 2016 /PRNewswire-USNewswire/ -- National Equity Fund, Inc. recently tapped Emily Chen as vice president of originations for its Northeastern region, and transferred Carrie Nova, a 10-plus-year veteran on its asset management team to the originations group where she will partner with William Rahuba focusing on deals in Southeastern U.S.
"We are excited to have Emily rejoin our team," commented Mike Jacobs, senior vice president and national leader of the originations group. "And for Carrie and Bill to join forces as we strengthen our presence and commitment in the North and South Eastern regions. Their combined experience and knowledge of local markets will serve our clients well."
Chen returns to NEF after spending seven years in other positions, most recently as director of Health Center Finance at NEF's parent company, Local Initiatives Support Corporation (LISC). At NEF, she served as an originations manager from 1999 to 2009, closing $150 million in affordable housing investments. Her focus will be on the Northeast.
Nova, who has been with NEF since 2006 as an asset manager, previously worked for Catholic Charities where she was also an asset manager. And Rahuba has worked with NEF's originations team since early 2014, assisting with underwriting and analyzing due diligence in connection with financing and development of LIHTC developments. As a team they will concentrate their efforts in Southeastern U.S.
About National Equity Fund, Inc.
National Equity Fund, Inc. is a leading syndicator of Low Income Housing Tax Credits. The Chicago-based non-profit is an affiliate of the Local Initiatives Support Corporation and has played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies for close to 30 years. It has invested $12.4 billion in 2,400 LIHTC developments, creating approximately 150,000 affordable homes for low-income families and individuals. For more information, visit www.nefinc.org/
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SOURCE National Equity Fund