NHPF Annual Report 2016

Acquisitions, Preservations, Rehabilitations, and New Construction



Ships’ Cove Fall River, Massachusetts

Ennis Francis Apartments New York, New York

NHPF and Ships’ Cove Preservation Partners Limited have undertaken an $8 million redevelopment of Ships’ Cove starting in November 2016. Other funding partners for this rehabilitation include the US Department of Housing and Urban Development, Massachusetts Development Finance Agency, Massachusetts Department of Housing and Community Development, RBC Tax Equity LLC, Wells Fargo Bank, and Citizens Bank. The renovation includes improvements to units, common areas, building systems and the building exterior, as well as accessibility improvements and installation of utility-conserving fixtures. These redevelopment efforts, scheduled for completion in late 2017, will improve the quality of life for current and future residents and secure Ships’ Cove as an important affordable housing resource in Fall River. This high-rise building is centrally located to public transportation as well as many other public and commercial amenities. Its residents enjoy incredible views of historic Battleship Cove.

Following problems with renovations and a 2014 fire that delayed its rehabilitation, The NHP Foundation was admitted as a co-general Partner in September 2016 to bring this transaction to fruition.” The property is now fully rehabilitated and living up to its storied location in New York City. Conveniently located in the heart of Harlem, one of New York’s most historically revered neighborhoods, Ennis Francis offers 220 apartments within two adjacent buildings. The property is air-conditioned, serviced by elevators, and wheelchair-accessible. Other community features include a laundry room, community center and 24-hour security. Residents of the Ennis Francis Apartments are close to multiple commuter lines.




NHPF Fiscal Year 2016 Annual Report

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