ERIC W. PRICE EXECUTIVE VICE PRESIDENT & CFO
Eric Price joined NHPF in early 2019, with over 30 years experience in the development and financing of affordable housing and community development. He previously worked at the AFL-CIO Housing Investment Trust (HIT) where he served as EVP of the HIT and CEO for the HIT Advisors and Building America CDE. While there he was responsible for originating debt financing through Housing Finance Agencies, FHA mortgage bankers, and multifamily nonprofit and for profit developers. He also formed and led a subsidiary dedicated to receiving and allocating $185 million in New Market Tax Credits. Mr. Price also served as SVP for Abdo Development, responsible for all phases of multifamily residential development. He also served for five years as Deputy Mayor for Planning and Economic Development for the District of Columbia where he managed an annual operating and capital budget of over $120 million and increased the District’s annual financing of affordable housing units from less than 500 units to over 2,500 units annually. Experience ___________________________________________________________________________________________ THE NHP FOUNDATION 2021-present Executive Vice President & CFO
• Reports directly to CEO on strategic planning including capital sources and funds 2019 – 2020 Senior Vice President
• Provides technical support and oversight for real estate development activities in areas of project management, development, and finance. AFL-CIO Housing Investment Trust 2010-2019 Executive Vice President • Coordinated investment activities for a $6 billion registered Investment Company. • Originated construction and permanent financing investments through state and local Housing Finance Agencies, FHA mortgage bankers, and multifamily non-profit and for-profit developers. • Coordinated and implemented strategic planning efforts, including development of new programs and initiatives such as public/private structures, complex mixed-use and single family transactions, New Markets Tax Credits transactions, and other innovative, city-specific investments around the country. Since 2010 HIT has invested $2.6 billion in over 95 projects generating 32,000 units (26,000 affordable) and 23,000 construction jobs. HIT Advisers LLC / Building America CDE, Inc. 2016 – 2019/2010 - 2019 Chief Executive Officer • Responsible for creation and management of Building America CDE, Inc., a wholly owned subsidiary of HIT Advisers formed to facilitate the HIT’s participation in New Markets Tax Credits. Since 2011, Building America has received $185M in NMTC allocation, investing in 15 transactions and providing retail, affordable housing, and healthcare and community services to severely distressed neighborhoods nationwide. Oversee start-up and operations for HIT Advisers LLC, a wholly owned investment adviser of the HIT, formed in 2016. Abdo Development 2005 – 2010 Senior Vice President
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