Our History of Success
SINCE OUR FOUNDING IN 1989, NHPF has realized extraordinary achievements in the preservation and creation of value-added affordable housing. As a not- for-profit organization, NHPF operates with a charitable mission and business-like financial discipline. Our track record from the beginning has led to the preservation of more than 100 multi-family properties containing over 25,000 affordable housing units. Building on that foundation, we currently serve nearly 45,000 residents in nearly 10,000 units of affordable housing, much of which has been made possible via $729 million in development funding leveraged using Low Income Housing Tax Credits (“LIHTC”). Advances since that time include an emphasis on expanding our portfolio via the preservation and rehabilitation of a vast array of different affordable housing options including:
selected by Baltimore City Department of Housing & Community Development (DHCD) to partner on—Park Heights in Baltimore, MD, a 17-acre neighborhood redevelopment, preservation deal. NHPF is also pleased to have developed internal capacity to manage construction rather than rely on third-party consultants. Our burgeoning Construction Division is responsible for both ground-up work and rehab projects. Operation Pathways, NHPF’s resident services subsidiary, its own 501(c) (3) not-for-profit corporation consistently increases and improves our on-site resident services. Through Family-Centered Coaching, Operation Pathways engages with, and assists, families experiencing poverty and other hardship, to problem-solve together. This year, nearly 6,000 residents have participated in one or more of its programs. Operation Pathways’ children’s academics are pre- and post-tested according to the Brigance Comprehensive Inventory of Basic Skills to demonstrate that nearly 100% of children participating in our summer camps in recent years showed no signs of summer learning loss in math and reading. Additional advances include implementation of an ambitious “greening” of our properties. Currently over 75% experience vast water and energy savings with the remainder in the works. We have also converted nearly 1,000 units to new, highly-insulated roofing systems and gone smoke-free in several of our buildings.
• SRO (Single Room Occupancy) Dwellings
• Single-family Rental Homes
• RAD (Rental Assistance Demonstration) for PRAC (Project Rental Assistance Contracts) Type of Senior Properties : The new HUD program to help owners of Section 202 properties convert existing PRAC to properties subsidized with Project-Based Vouchers (PBVs) or Project-Based Rental Assistance (PBRA) • PSH (Permanent Supportive Housing) and large scale preservation deals such as one NHPF was recently
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