THE NHP FOUNDATION & FAITH-BASED HOUSING
As American cities look to house greater numbers of low to middle income individuals, there is one resource proven to be tremendously positive. A successful collaboration between a faith-based organization and private developer, either for profit or not-for-profit, should yield a new complex that is a credit to the community and give the faith-based organization long-term financial benefit. Houses of worship and other faith-based organizations are some of the nation’s largest landowners. Those that have adjacent land or other buildable assets, some of which pre-date even the Civil War, are particularly well-suited to create housing for their communities. Faith-based property development is a productive option for America’s cities and NHPF has a rich legacy and track record in producing YIGBY (Yes in God’s Backyard) deals.
NHPF FAITH-BASED
Rasmus-Temenos Houston, Texas Rasmus-Temenos, opened in 2024, consists of 95 Permanent Supportive Housing (PSH) apartments made possible by a partnership between Temenos Community Development Corporation (CDC), founded sixteen years ago by Pastors Rudy and Juanita Rasmus, and NHPF. The construction
HOUSING SUCCESS STORIES
of Rasmus-Temenos is a testament to the collaborative efforts of government entities, nonprofit organizations, and private sector partners dedicated to addressing the pressing issue of homelessness in this community. This housing that provides specialized services to increase the wellness of the population was achieved through innovative funding mechanisms and unwavering commitment. Rasmus-Temenos has an entire floor dedicated to at-risk youth. Eighty of the units replace those lost to The Texas Department of Transportation (TxDOT) to make way for highway improvements. Funding for this project included significant contributions from the City of Houston Housing and Community Development, with $12.5 million allocated, and $11 million in Community Development Block Grant (CDBG) funding for Disaster Recovery from Harris County Community Services Department.
The Roundtree Residences Washington, DC
Citadel on Elgin Houston, Texas Citadel on Elgin, a newly- constructed (2023) building features 74 studio and one- bedroom apartments to support lower income seniors in a handsome mid-rise
The Roundtree Residences is a 91-unit senior housing development in southeast Washington, DC. Completed in 2013, The Roundtree Residences is owned in partnership with Vision of Victory CDC (VOV), which is a part of Allen Chapel AME Church, a pillar of the
building in Houston’s historic Third Ward. The independent living community is managed by Change Happens CDC, a Houston non-profit community development corporation, who provide residents with Permanent Supportive Housing and lighter touch service needs. Change Happens CDC purchases and renovates drug-infested, dilapidated homes and vacant lots to develop affordable single- family and multifamily housing. The organization has purchased and renovated over 50 homes and lots in the Third Ward. “This is the culmination of a decades-long effort to end blight and improve the neighborhood,” said the Rev. Leslie Smith II, CEO and founder of Change Happens CDC. “I had a dream in 1983 that led me to create Change Happens to transform an at-risk community by rehabilitating crack houses and providing affordable living options in Third Ward. Standing here today, I am in awe of what we have accomplished thus far. The development was funded in part by $10.25 million in federal Disaster Relief funds administered by the City of Houston’s Department of Housing and Community Development for NHPF’s ground-up construction. Additional funds for the project were secured through 4% and Low-Income Housing Tax Credits and tax-exempt bonds.
surrounding community. NHPF served as developer of the property in partnership with VOV and District Development Group, LLC, a local for profit development company. The Roundtree Residences is named after the acclaimed civil rights activist Reverend Dovey Johnson Roundtree. Reverend Roundtree rose to prominence as a lawyer with victories in ending segregation and Jim Crow on interstate buses. In that same year, she became one of the first women to be ordained to the ministry of the African Methodist Episcopal Church. The building has 80 one-bedroom units and 11 two-bedroom units and is only available to seniors making 60% or less of DC’s area median income. Twenty units are set aside for seniors making 50% of the area median income. The project has an abundance of amenities including an exercise room, computer lab, library, coffee bar, and a contemporary style two-story lobby. This building is designed to bring market rate level amenities to an affordable property. The building is built to Enterprise Green Community standards and includes a solar array and partial green roof in addition to many other energy saving features.
Harvest Homes Apartments Chicago, Illinois Harvest Homes Apartments offers 36 two-, three-, and four- bedroom rental apartments to low and moderate income families. It is built on what were once rubble-strewn vacant lots on Chicago’s West Side and is the first new housing development in East Garfield Park in the last 15 years.
Columbia Heights Village Apartments Washington, DC Columbia Heights Village Apartments is a 406-unit, 31 building apartment community completed in 2001 and located in Washington, DC. The property is composed of three different property types: a ten-story high-rise, garden-style homes and seven town homes. CHV was made
The $12 million development, completed in 2019, is the result of a joint venture between People’s Community Development Association of Chicago, Inc. (PCDAC) and NHPF and funded by private and public sources including the Low-Income Housing Tax Credit (LIHTC) program, the City of Chicago’s Department of Planning and Economic Development, the State of Illinois Department of Commerce and Economic Opportunity, J. P. Morgan Chase Bank, the Chicago Community Loan Fund, Enterprise Community Investments, Inc. and NHPF. “It had long been a vision of PCDAC to bring affordable housing to East Garfield Park, so that residents who desire to remain and raise their families here can enjoy quality housing at an affordable price,” said Reverend Michael Eaddy, President of PCDAC and Pastor of People’s Church of the Harvest Church of God in Christ.
possible via a partnership between NHPF and CHANGE/All Souls Housing Corporation, which has promoted affordable housing in the Columbia Heights neighborhood and beyond for over 45 years. A unique aspect of this property is that the Tenant Association has a 25% ownership interest, and the revenue they generate from this ownership is reinvested back into the community primarily through resident services. On-site resident services are provided by Operation Pathways, a subsidiary of NHPF. The services include a family-centered coaching program, providing hot meals for senior citizens, hosting health fairs and financial literacy seminars for residents, and much more. Operation Pathways designs their programs to meet four pillars: academic achievement, financial stability, healthier living and aging in place.
The Strand Residences Washington, DC
The Strand Residences, 86 units of affordable housing in the District’s Deanwood area, opened in 2022. It is a joint effort made possible by The Warrenton Group (TWG), Washington Metropolitan CDC (WMCDC) and NHPF along with financing partners Enterprise Community
Trinity East Village Senior Houston, Texas
Partners, Citibank, Jones Lang Lasalle, District of Columbia Office of the Deputy Mayor for Planning and Economic Development (DMPED), DC Housing Authority (DCHA), and DC Housing Finance Agency (DCHFA). DMPED invested $15.6M of financing from the District’s New Communities Initiative, DCHFA allocated $21.7M of tax-exempt bonds to support the project, and DCHA contributed operating subsidies for 28 units through its Local Rent Supplement Program (LRSP). The tax-exempt bond allocation provided an allocation of 4% Low-Income Housing Tax Credits that helped attract a $14.3M equity investment from Enterprise Community Partners. The Residences feature a large multi-purpose room, exercise room, and retail space for a neighborhood non-profit and a community-based retailer. On-site services are provided by NHPF’s resident services subsidiary, Operation Pathways, which offers customized programs and coaching to help residents gain skills, overcome obstacles, and live well. A new restaurant, The Deanwood Smokehouse, will open soon next door to the property.
Trinity East Village Senior is a collaborative effort between NHPF and Trinity East Village CDC (TEVCDC). It is a 90-unit new construction development for seniors 55 years and older in Houston’s historic Third Ward. This site will provide 60 units of replacement housing for Houston Housing Authority’s Cuney Homes residents as part of their Choice Neighborhoods redevelopment of that legacy public housing property. This project is the culmination of TEVCDC and Trinity East United Methodist’s vision to build affordable housing on land next to the church, to help keep low-income Third Ward residents from being displaced. The development also has widespread support from numerous community groups and includes land from the Midtown Redevelopment Authority and Houston Land Bank. Trinity East Village Senior will serve 90 households ranging from below 30% to 80% AMI. This development is important to ensure that as the Third Ward gentrifies, residents can age in place in their neighborhood if they choose.
Our Mission The NHP Foundation is a not-for-profit real estate organization dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities
Our Portfolio and Services Headquartered in New York City with
offices in Washington, DC, Baltimore and Chicago, IL, The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, service enriched multifamily housing, and single- family homes that are both affordable to low and moderate income families and seniors, and beneficial to their communities. NHPF’s Construction Management Group provides in- house resources dedicated to infrastructure review, infrastructure development and costs management. Through Family Centered Coaching, NHPF’s subsidiary Operation Pathways engages with, and assists, families experiencing poverty and other hardship, to problem-solve together. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other not-for-profit organizations, NHPF has 57 properties, including nearly 10,000 units, in 16 states and the District of Columbia. We invite interested organizations to learn more about NHPF’s faith-based property expertise. Whether you are developing your first or fourteenth development, NHPF can give your organization the extra edge to make your current project your most successful and impactful yet. Please get in touch with us to learn more about how our development team can benefit your work and your community.
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