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National Equity Fund CEO Hagan to Step Down

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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