Michael A. Jacobs to Lead National Acquisition Team For National Equity Fund, Inc.

CHICAGO, June 25, 2012 /PRNewswire-USNewswire/ -- National Equity Fund, Inc. recently named Michael A. Jacobs senior vice president and head of its acquisitions group. Jacobs will oversee the acquisition of Low Income Housing Tax Credit properties throughout the United States.

"We are very happy to have Mike return to NEF in his new role as the national leader for our acquisitions group," said Joe Hagan, president and CEO. "His acute sense of investment viability and long-term business perspective, along with his talent for collaboration will not only help NEF maintain but strengthen its solid competitive position."

Jacobs has more than 19 years experience in the affordable housing industry most recently serving as vice president for The Alliant Company. Prior to that he was the Midwest region vice president of acquisitions for NEF where he worked for more than 11 years. He held the director of property and asset management position at Heartland Housing in Chicago from 1994-1999 and before that acted as policy liaison for the Ann Arbor Historic District Commission in Michigan.

"Returning to National Equity Fund is like coming home," commented Jacobs. "This is an interesting and challenging time for our industry and I look forward to applying my experience and skills to NEF's continued growth and success."

A graduate of Eastern Michigan University with a bachelors of science, Jacobs also holds a masters in urban planning from the University of Michigan.  

About National Equity Fund, Inc.
Celebrating its 25th anniversary in 2012, National Equity Fund, Inc. (NEF) is a nonprofit Chicago-based affiliate of the Local Initiatives Support Corporation (LISC) and the nation's largest syndicator of Low Income Housing Tax Credits (LIHTC). Since its inception, NEF has played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies. It has invested $9.5 billion in more than 2,100 LIHTC developments, creating 127,000 affordable homes for low-income families and individuals. For more information, visit www.nefinc.org.

Contact: Maureen Mullady
National Equity Fund, Inc
312.697.6460
[email protected]

SOURCE National Equity Fund, Inc.