ORGANIZATIONAL STRATEGIC PLAN 2026–2028
GOAL 2 Portfolio Stewardship
Maintain High‑Quality, Financially Sustainable Communities NHPF’s portfolio stewardship strategy centers on maintaining affordability, protecting asset value, and maintaining stable performance over the long-term. Ongoing asset assessment, recapitalization and disposition strategies, strong property management oversight, resident support and management of deferred maintenance risk will ensure consistent quality and financial performance across the portfolio. Together, ongoing strong portfolio stewardship and growth driven by Goal 1: Housing Impact will enable us to increase one of our most significant indicators of financial strength and organizational resilience--surplus cash.
STRATEGY 2.1 Maintain Strong Portfolio Performance NHPF’s stewardship strategy reflects the belief that long-term financial sustainability and high quality housing conditions are core to preserving affordability and resident stability. Efforts under this goal are focused on the active assessment of asset performance, the disciplined management of property operations, and the targeted reinvestment necessary to extend the useful life of the portfolio. This work is grounded in continuous evaluation, data driven decision-making, environmentally responsible practices, and clear standards for quality and oversight. Portfolio stewardship has proven to be an overall strength of NHPF, with strong economic occupancy allowing the firm to better navigate a housing market that has been experiencing elevated levels of distress for the past several years, particularly in markets like DC where many NHPF assets are concentrated.
Maintaining a high-performing portfolio begins with an ongoing review of asset conditions and financial metrics. Building on current internal processes, NHPF will advance the development and deployment of consistent indicators to support decision-making around the repositioning or disposition of assets. A formalized review structure will guide asset evaluations—from recapitalization, refinancing, and re-syndication opportunities to strategies to minimize capital infusions needed at individual properties. This will ensure long-term viability and maximize the impact of capital resources. Through these efforts, we will sustain our strong debt service coverage ratio (DSCR), increase project operating reserves, and minimize the number of assets on our watch list. The maintenance of DSCR as an indicator highlights the strong existing nature of this metric as well as the challenges of maintaining it in the current environment. NHPF is also committed to deepening the collaboration between the asset management and development
2026-2028 KEY METRICS
surplus cash distribution
net cash flow per unit
operating reserves
MAINTAIN 1.5x Debt Service Coverage Ration < 12% Resident Turnover (subsidized) 93% Economic Occupancy
THE NHP FOUNDATION
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