Programs

  • Program 1 [2020]

    MIDWEST HOUSING EQUITY GROUP, INC. (MHEG) PROVIDES ACQUISITION, ADVISORY AND ASSET MANAGEMENT SERVICES PRIMARILY BY ACTING AS THE GENERAL PARTNER OF APPROXIMATELY 48 LIMITED PARTNERSHIPS (THE "FUNDS") WHICH INVEST EQUITY CAPITAL IN OTHER PARTNERSHIPS OR LLCS FORMED TO DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING PROJECTS WHICH ARE ELIGIBLE FOR FEDERAL TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. IN ADDITION TO PROVIDING EQUITY FOR THESE PROJECTS, MHEG PROVIDES TECHNICAL AND ADVISORY SERVICES TO THE PARTNERSHIPS FOR A FEE.IN 2020, MHEG PARTNERED WITH 30 DEVELOPERS TO CLOSE OVER $215 MILLION IN EQUITY FOR 36 DEVELOPMENTS, CREATING 1,423 AFFORDABLE HOUSING UNITS. THIS INCLUDED 11 AGE RESTRICTED DEVELOPMENTS, 18 MULTIFAMILY DEVELOPMENTS, SIX SINGLE FAMILY HOME PROPERTIES, AND ONE SPECIAL NEEDS HOUSING DEVELOPMENTS. PROJECTS RANGED FROM A 10-UNIT RURAL DEAL IN NEBRASKA TO AN 89-UNIT URBAN DEAL IN TEXAS, REPRESENTING 31 MIDWEST COMMUNITIES.
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    $8.7M

  • Affordable Housing Development Services

    MIDWEST HOUSING EQUITY GROUP, INC. (MHEG) PROVIDES ACQUISITION, ADVISORY AND ASSET MANAGEMENT SERVICES PRIMARILY BY ACTING AS THE GENERAL PARTNER OF APPROXIMATELY 49 LIMITED PARTNERSHIPS (THE "FUNDS") WHICH INVEST EQUITY CAPITAL IN OTHER PARTNERSHIPS OR LLCS FORMED TO DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING PROJECTS WHICH ARE ELIGIBLE FOR FEDERAL TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. IN ADDITION TO PROVIDING EQUITY FOR THESE PROJECTS, MHEG PROVIDES TECHNICAL AND ADVISORY SERVICES TO THE PARTNERSHIPS FOR A FEE.IN 2022, MHEG PARTNERED WITH 36 DEVELOPERS TO CLOSE OVER $230 MILLION IN EQUITY FOR 41 DEVELOPMENTS, CREATING 1,778 AFFORDABLE HOUSING UNITS. THIS INCLUDED 17 AGE RESTRICTED DEVELOPMENTS, 20 MULTIFAMILY DEVELOPMENTS, TWO SINGLE FAMILY HOME PROPERTY, AND TWO SPECIAL NEEDS HOUSING DEVELOPMENTS. PROJECTS RANGED FROM A 15-UNIT RURAL DEAL IN NEBRASKA TO AN 124-UNIT URBAN DEAL IN KANSAS, REPRESENTING 37 MIDWEST COMMUNITIES.
    Geographies
    Not indicated
    Dates
    Jan 1, 2022 – Dec 31, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $11M