January 15, 2019
Chicago-based National Equity Fund (NEF), a leading syndicator of the low-income housing tax credits program, said that president and CEO Joseph S. Hagan will retire at the end of 2019. NEF’s board of directors has begun a national search, conducted by Korn Ferry, to identify a successor.
Since joining in 2000, Hagan oversaw the organization’s transformation into one of the top syndicators in the country. Under his leadership, NEF closed more than $15 billion in equity, providing close to 177,000 affordable homes for low-income individuals and families.
“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, NEF’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.”
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