NHPF Impact Criteria
• NHPF replaced the property’s HVAC system, water heaters, windows, drywall, appliances, and doors. • The installation of new equipment at the property resulted in more efficient energy usage and a reduction of resident utility bills.
• Decreased Crime • Increased Educational Achievement • Economic preservation and retainment • Implemented Resident Services via Operation Pathways
• Cleme Manor Apartments met all applicable highest energy efficiency and resiliency standards throughout the rehabilitation, as is considered to be best practice across the NHPF portfolio. • Installed environmentally friendly structures and equipment.
• NHPF contracted with local companies for rehabilitation of the property. • NHPF’s efforts led to the retainment of several professions, including teachers and administrative staff, and the creation of full- time positions at the property.
Conclusion This case study highlights the importance and potential ROI for opportunities that align with the ESG principles above. Cleme Manor’s transformation resulted in measurable success. Resident quality of life drastically improved following renovation of the property, incorporating new and enhanced amenities that were previously unavailable or badly maintained. Crime at the property continues to decline, allowing residents to finally feel safe and secure in their own homes. These successful efforts convinced city officials to keep the local elementary school open, providing another lynchpin in the revitalization of the community. The NHP Foundation listened to leadership in the community, particularly local Congresswoman Sheila Jackson Lee, a champion of the Foundation’s efforts in the Fifth Ward. NHPF also took the time to engage in the necessary due diligence, community outreach and investment in meaningful partnerships with residents of Cleme Manor, local law enforcement officials, community leaders in the Fifth Ward, and other stakeholders involved in this process. These steps were crucial in updating the local neighborhood, an achievement which has transformed the lives of Cleme’s residents and the community. ESG principles will continue to inform The NHP Foundation’s development strategy moving into the future. 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. Vision A future where communities flourish because attractive, sustainable housing options and life-enhancing services are ensured for income-challenged Americans. Values NHPF seeks to promote greater diversity, inclusion, racial equity, and social justice in addition to its long- established mission of providing sustainable, service-enriched affordable housing. NHPF is committed to increasing access to opportunities for historically underrepresented individuals and businesses in the development and operation of affordable housing communities.
122 EAST 42ND STREET, SUITE 4900, NEW YORK, NY 10168 • 646.336.4940 1090 VERMONT AVENUE, NW, SUITE 400, WASHINGTON, DC 20005 • 202.789.5300 180 N. LASALLE, SUITE 3700, CHICAGO, IL 60601 • 312.216.5103 nhpfoundation.org
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