NHPF Annual Report 2015

Eagles Landing Memphis, Tennessee

Alexander House Hagerstown, Maryland

Lancaster Club Columbus, Ohio

IN PARTNERSHIP WITH LEDIC REALTY COMPANY, NHPF was able to preserve through acquisition 96 low- and moderate- income garden-style apartments in the southeast submarket of Memphis. Originally constructed in 2005, Eagles Landing has 1- to 4-bedroom units. It is set on 8.6 acres of well-maintained and landscaped grounds that feature a resident community center and large playground. The amenities in each apartment include a dishwasher, stove, refrigerator, full-size washer and dryer connections, garbage disposal, and cable hookups. The nearby Southwind High School offers Advanced Placement coursework and college preparatory exams.

NHPF ACQUIRED THIS HISTORIC PROPERTY in partnership with Enterprise Community Loan Fund of Columbia, Maryland. Alexander House, a mixed-use, multi-family property with street level retail space set on the Public Square in downtown Hagerstown. Built as a 10-story hotel in 1928, it was renovated in 1978 to provide 95 residential units for low-income tenants over the age of 62 and the disabled. NHPF’s acquisition will preserve long-term affordability for the existing residents. New amenities, such as a well-equipped Community Room, will be added and a complete array of resident services can now be offered.

THROUGH THE NATIONAL HOUSING PRESERVATION FUND, our joint venture with Urban Atlantic, we were able to acquire to preserve the 92 units in this Section 8 community. Residents of the 2- and 3-bedroom homes in Lancaster Club enjoy its beautiful landscaping and community features including a professional on-site staff, a spacious patio and outdoor grilling area, playgrounds, community activities, on-site laundry facilities, free parking, nearby public transportation, and 24-hour emergency maintenance.


Annual Report NHPF Fiscal Year 2015 

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