CONTRACTONGOING

NEF Provides LIHTC Equity for Depot on Detroit

Disclosed value: $2,737,976 (construction LIHTC equity); $11,248,875 (permanent LIHTC equity); From report
Document date: Nov 20, 2025

What it covers

National Equity Fund (NEF) serves as the housing credit syndicator for The Depot on Detroit, providing approximately $2.7 million in construction-phase LIHTC equity and $11.2 million in permanent equity. The equity financing underpins the 60-unit affordable housing development's capital stack.

Who holds it

National Equity Fund (Nef) holds this financial services contract with Ohio Housing Finance Agency. Its other public contracts on record include work for Housing Authority of Newport and Housing Authority of the county of Ventura.

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Contract details

Contract type: Financial Services
Amount: $2,737,976 (construction LIHTC equity); $11,248,875 (permanent LIHTC equity)
Document date: November 20, 2025
Vendor: National Equity Fund (Nef)
Agency: Ohio Housing Finance Agency
Source document: Ohio Housing Finance Agency Project Summary The Depot on Detroit 2025-11-20 (Report)

National Equity Fund (Nef)'s other public contracts

Housing Authority of Newport, KentuckyNational Equity Fund Conducts Scholar House Audit · Sep 16, 2026Undisclosed Ohio Housing Finance Agency, OhioNEF to provide $12.7M LIHTC equity for Mid Line · May 21, 2026$12.7M Ohio Housing Finance Agency, OhioNEF Identified as LIHTC Equity Syndicator for Hilltop · May 21, 2026 Housing Authority of the county of Ventura, CaliforniaNEF supplies LIHTC equity for El Portal · Jun 30, 2025Undisclosed Housing Authority of the county of Ventura, CaliforniaNEF Provides 9% LIHTC Equity for El Portal · Feb 28, 2025Undisclosed

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Questions about this contract

Who was awarded the financial services contract by Ohio Housing Finance Agency?

National Equity Fund (Nef) was awarded this financial services contract by Ohio Housing Finance Agency, as recorded on November 20, 2025. The contract value is $2,737,976 (construction LIHTC equity); $11,248,875 (permanent LIHTC equity).

How much is the National Equity Fund (Nef) contract with Ohio Housing Finance Agency worth?

The National Equity Fund (Nef) contract with Ohio Housing Finance Agency is valued at $2,737,976 (construction LIHTC equity); $11,248,875 (permanent LIHTC equity), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Ohio Housing Finance Agency Project Summary The Depot on Detroit 2025-11-20 (Report), dated November 20, 2025 from Ohio Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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