FOCUSED ON THE PORTFOLIO
BAYVIEW TOWER, CONNECTICUT
“The community center makes math and reading become creative and more exciting for kids.” —MS. SONIA
BUILDING ON THE OPERATIONAL IMPROVEMENTS achieved in 2011, NHPF’s asset management remained on target in 2012. The portfolio ended the year with a weighted occupancy of 95%. In addition, the overall portfolio’s financial performance stabilized with portfolio-wide debt service coverage of 1.32. NHPF’s rental properties collectively distributed cash in excess of $700,000, helping fund NHPF operations. Fiscal Year 2012 marked the successful rehabilitation and lease- up of 300 affordable multi-family units in Orange, NJ. In December
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