Midwest Housing Equity Group (MHEG)

Midwest Housing Equity Group, Inc. (mheg) provides acquisition, advisory and asset management services primarily by acting as the general partner of approximately 50 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 2023, mheg partnered with 34 developers to close over $330 million in Equity for 48 developments, creating and preserving 1,994 affordable Housing units. This included 25 age restricted developments, 16 multifamily developments, three single family home properties, and four special needs Housing developments. Projects ranged from a 16-unit rural deal in Nebraska to an 180-unit urban deal in Oklahoma, representing 38 Midwest communities, including our first development in north dakota.