NHPF Quarterly Newsletters

Where You Live Matters

About The NHP Foundation Headquartered in New York City with offices in Washington, DC, and Chicago, IL, The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is 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. Through Family-Centered Coaching, NHPF’s subsidiary Operation Pathways engages with, and assists, families experiencing poverty and other hardship, to problem-solve together. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other not-for-profit organizations, NHPF has 56 properties, including approximately 10,000 units, in 15 states and the District of Columbia.

Contents

The NHPF Quarterly: December 2024

The NHPF Quarterly: September 2024

The NHPF Quarterly: May 2024

The NHPF Quarterly: January 2024

The NHPF Quarterly: September 2023

The NHPF Quarterly: June 2023

The NHPF Quarterly: March 2023

The NHPF Quarterly: December 2022

The NHPF Quarterly: September 2022

The NHPF Quarterly: July 2022

The NHPF Quarterly: March 2022

The NHPF Quarterly: January 2022

The NHPF Quarterly: October 2021

The NHPF Quarterly: July 2021

The NHPF Quarterly: March 2021

The NHPF Quarterly: January 2021

The NHPF Quarterly: October 2020

The NHPF Quarterly: July 2020

The NHPF Quarterly: April 2020

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The NHPF Quarterly December 2024

The 2024 NHPF Symposium As we prepare for the holidays and look to the new year, we would like to thank everyone who made the 8th Annual NHPF Symposium such a success this year. We were thrilled to welcome nearly 300 members of the affordable housing world to Washington, DC’s beautiful Union Station. Attendees heard from industry experts and record- breaking swimmer, author and inspirational speaker, Diana Nyad, along with the event’s always enjoyable mingling and dining. Most importantly year over year, the event continues to raise much-needed funds to support the onsite work of NHPF’s Resident Services subsidiary, Operation Pathways.

The NHP Foundation Transaction News

A Family-Centered Coaching Success Story

Cutting the Ribbon on Blue Mountain Apartments

Watch a video about Hector & Plaza Borinquen

4 THE NHPF QUARTERLY DECEMBER 2024

The NHP Foundation Transaction News

A Family-Centered Coaching Success Story

Cutting the Ribbon on Blue Mountain Apartments

Watch a video about Hector & Plaza Borinquen

NHPF proudly celebrated the grand reopening of Blue Mountain Apartments with a ribbon-cutting ceremony late last month. The revitalization of this historic Section 8 family property, located in Roxbury, MA, showcases NHPF's commitment to preserving affordable housing in a gentrifying neighborhood and supporting very low-income families, including larger households that require spacious three, four, and five-bedroom units. The Blue Mountain Apartments redevelopment is a landmark effort in affordable housing preservation, featuring the rehabilitation of 217 multifamily units across 19 buildings originally constructed between 1910 and 1930. “NHPF recognized the urgency of saving these Section 8 homes in this growing neighborhood,” said Mecky Adnani, lead developer for Blue Mountain, “We took action and embarked on an acquisition and long-term preservation initiative to restore the property's physical and historic integrity and provide newly renovated apartments for existing residents.” The $112M refinance which included tax-exempt bonds, Low-Income Housing Tax Credits (LIHTC), a Risk Share loan, and federal and state historic tax credits, underscores the complexity and dedication required to preserve affordable housing for future generations. Among the distinguished speakers at the event were Mark Teden, Vice President of Multifamily Programs, MassHousing who said, "MassHousing’s success in preserving affordable housing is exemplified by our work with NHPF on Blue Mountain Apartments, and we extend our gratitude to our joint venture lenders and development team for their commitment to creating quality housing for lower-income seniors and families." Additional speakers included Karen Kelleher, President, Loan Fund, Blue Hub, and Costas Paleologos, Senior Vice President, PNC Multifamily Capital, PNC Bank. Finally, Shirley Clark, a resident of Blue Mountain Apartments also shared personal remarks on how the revitalized community impacts her family.

Hector’s story is one of remarkable transformation and resilience, deeply intertwined with the support and guidance of his mother and Operation Pathways. Growing up in Plaza Borinquen in the Mott Haven section of the Bronx, Hector faced numerous challenges that shaped his character and determination. In 2022, at 16, Hector embarked on a journey that would change his life forever when he became Operation Pathways’ Teen Intern. Initially, Hector was a shy and reserved teenager. His mother, recognizing the potential benefits of the internship, encouraged him to apply. Despite his initial hesitation, Hector filled out the application and was selected for the internship. This opportunity marked the beginning of a significant change in his life.

Happy Holidays from Operation Pathways

THE NHPF QUARTERLY DECEMBER 2024 • Provided safe, affordable housing for 9,355 residents across 32 affordable housing communities • Engaged 5,470 residents in vital Resident Services that empower lives and strengthen communities As the year comes to a close, we are filled with gratitude for the incredible support of our community. Together, we have created not just housing, but homes filled with hope, stability, and opportunity. Your partnership has helped us:

Additional speakers included Karen Kelleher, President, Loan Fund, Blue Hub, and Costas Paleologos, Senior Vice President, PNC Multifamily Capital, PNC Bank. Finally, Shirley Clark, a resident of Blue Mountain Apartments also shared personal remarks on how the revitalized community impacts her family. Happy Holidays from Operation Pathways Loan Fund, Blue Hub, and Costas Paleologos, Senior Vice President, PNC Multifamily Capital, PNC Bank. Finally, Shirley Clark, a resident of Blue Mountain Apartments also shared personal remarks on how the revitalized community impacts her family.

stability, and opportunity. Your partnership has helped us: stability, and opportunity. Your partnership has helped us:

ng-term preservation hysical and historic ted apartments for

• Provided safe, affordable housing for 9,355 residents across 32 affordable housing communities • Engaged 5,470 residents in vital Resident Services that empower lives and strengthen communities • Engaged 5,470 residents in vital Resident Services that empower lives and strengthen communities • Supported 362 residents in setting a combined savings goal of $44,814 during America Saves Week • Supported 362 residents in setting a combined savings goal of $44,814 during America Saves Week From all of us at Operation Pathways, we wish you a season of joy, warmth, and peace. Thank you for being a part of our mission and making a lasting impact. From all of us at Operation Pathways, we wish you a season of joy, warmth, and peace. Thank you for being a part of our mission and making a lasting impact. • Provided safe, affordable housing for 9,355 residents across 32 affordable housing communities

ed tax-exempt bonds, LIHTC), a Risk Share tax credits, edication required to ure generations.

at the event were tifamily Programs, using’s success in

With heartfelt appreciation, With heartfelt appreciation,

xemplified by our work tments, and we extend nders and development ing quality housing for " n Kelleher, President, Paleologos, Senior apital, PNC Bank. Blue Mountain emarks on how the family.

Ken White Executive Director, Operation Pathways Ken White Executive Director, Operation Pathways

As the year comes to a close, we are filled with gratitude for the incredible support of our community. Together, we have created not just housing, but homes filled with hope, stability, and opportunity. Your partnership has helped us: • Provided safe, affordable housing for 9,355 residents across 32 affordable housing communities • Engaged 5,470 residents in vital Resident Services that empower lives and strengthen communities • Supported 362 residents in setting a combined savings goal of $44,814 during America Saves Week From all of us at Operation Pathways, we wish you a season of joy, warmth, and peace. Thank you for being a part of our mission and making a lasting impact.

P.S. If you or anyone else you know would like to make a year end gift, please click below. P.S. If you or anyone else you know would like to make a year end gift, please click below.

Donate Now Donate Now

With heartfelt appreciation,

Ken White Executive Director, Operation Pathways

Our Top 5 Picks for the Quarter Stay informed and entertained by this quarter’s media choices reflecting on aspects of affordable housing, social justice, and other relevant topics. P.S. If you or anyone else you know would like to make a year end gift, please click below. Our Top 5 Picks for the Quarter Stay informed and entertained by this quarter’s media choices reflecting on aspects of affordable housing, social justice, and other relevant topics. 1. Let’s start off with a Christmas classic, a film that just so happens to have a story of affordable housing at its core. From 1947 comes the timeless It Happened on 5th Avenue — you are guaranteed to love it. If you want to know more about it, here is an article by NHPF CEO Richard Burns discussing the film. 1. Let’s start off with a Christmas classic, a film that just so happens to have a story of affordable housing at its core. From 1947 comes the timeless It Happened on 5th Avenue — you are guaranteed to love it. If you want to know more about it, here is an article by NHPF CEO Richard Burns discussing the film. 2. Bird is told from the viewpoint of 12-year-old Bailey—played by phenomenal newcomer Nykiya Adams—growing up in an unconventional family unit that borders on the dysfunctional. Her home is a freewheeling, graffiti-daubed squat shared with a teenage half-brother, Hunter (fellow non-professional Jason Buda), who combines a child’s moral certainties with an adult’s propensity for violence). 2. Bird is told from the viewpoint of 12-year-old Bailey—played by phenomenal newcomer Nykiya Adams—growing up in an unconventional family unit that borders on the dysfunctional. Her home is a freewheeling, graffiti-daubed squat shared with a teenage half-brother, Hunter (fellow non-professional Jason Buda), who combines a child’s moral certainties with an adult’s propensity for violence). 3. Housing is an investment. Investment prices must go up. Housing is shelter. When the price of shelter goes up, people experience distress. This is the housing trap. It’s time to escape. In Escaping the Housing Trap: The Strong Towns Response to the Housing Crisis , renowned urbanists Charles (Chuck) Marohn and Daniel Herriges introduce a first-of- its-kind discussion of the tension between housing as a financial product and housing as shelter. 3. Housing is an investment. Investment prices must go up. Housing is shelter. When the price of shelter goes up, people experience distress. This is the housing trap. It’s time to escape. In Escaping the Housing Trap: The Strong Towns Response to the Housing Crisis , renowned urbanists Charles (Chuck) Marohn and Daniel Herriges introduce a first-of- its-kind discussion of the tension between housing as a financial product and housing as shelter. 4. On the Housing Crisis , a new book by journalist Jerusalem Demsas, argues that the severity of today’s housing shortage demands bolder intervention. 4. On the Housing Crisis , a new book by journalist Jerusalem Demsas, argues that the severity of today’s housing shortage demands bolder intervention. 5. One of the most respected podcasts on the air, Planet Money tackles and explains NIMBYism, YIMBYism and why it's so hard to fix the housing shortage. 5. One of the most respected podcasts on the air, Planet Money tackles and explains NIMBYism, YIMBYism and why it's so hard to fix the housing shortage. Donate Now

6 rter y this quarter’s media choices reflecting on aspects of affordable housing, t topics. lassic, a film that just so happens to have a story of affordable housing at its core. Happened on 5th Avenue — you are guaranteed to love it. If you want to know more F CEO Richard Burns discussing the film. THE NHPF QUARTERLY DECEMBER 2024

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The NHPF Quarterly September 2024

Update: The 2024 NHPF Symposium We are pleased to announce important updates to the 8th Annual NHPF Symposium, Adapting Affordable Housing to the New Realities , scheduled for Wednesday, October 16 at Union Station in Washington, DC.

Our keynote speaker is:

• Diana Nyad , World Champion athlete and renowned inspirational speaker

We will present our Affordable Housing Trailblazer Award to two champions of legislation supporting affordable housing:

• Darin LaHood , Representative (R-IL) • Ritchie Torres , Representative (D-NY)

We will present NHPF’s Affordable Housing Industry Leader Award to:

• Paul Sween , Senior Managing Partner, Dominium

Leading our conversation will be NHPF's newly-appointed Director of Supportive Housing:

• Eva Thibaudeau-Graczyk

The experts taking part in the conversation are:

NHPF Transaction News

Taking Up a New Hobby at Any Age

THE NHPF QUARTERLY SEPTEMBER 2024

New Port Antonio Apartments, Port Antonio, Roxbury, MA

Operation Pathways , NHPF’s Resident Services Subsidiary, takes pride in its resident-centered programs

Community Development (DHCD); DC Office of the Deputy Mayor for Planning and Economic Development (DMPED); DC Green Bank; and DC Department of Energy and Environment (DOEE). We will present our Affordable Housing Trailblazer Award to two champions of legislation supporting affordable housing: • David A. Northern, Sr. , President and CEO of the Houston Housing Authority • Diana Nyad , World Champion athlete and renowned inspirational speaker

• Darin LaHood , Representative (R-IL) • Ritchie Torres , Representative (D-NY) NHPF Transaction News

Ridgecrest Phase 2, a property acquired by NHPF on behalf of the Ridgecrest Village Tenants’ Association in 2019, is undergoing substantial rehabilitation with a focus on energy efficiency and sustainability. This initiative is noteworthy for several reasons: • It is the inaugural residential rehab financed by the District's Revenue Bond program, supported through a tax-exempt 501c3 bond transaction. • The project pioneers an aggressive effort to enhance energy efficiency in an existing asset, thanks to generous funding from the District, enabling improvements that were traditionally cost-prohibitive for affordable housing projects. • Ridgecrest Phase 2 is among the first rehab projects of its size to transition to fully electric energy sources, aligning with District goals for decarbonization. Operation Pathways , NHPF’s Resident Services Subsidiary, takes pride in its resident-centered programs and services, dedicated to improving and uplifting the lives of all who live there. Ms. Tam Nguyen, residing at our Winter Hill Apartments, is a notable example of why we do what we do. Taking Up a New Hobby at Any Age Tam, an 82-year-old Vietnamese woman, was nervous about joining the yoga class that RSC, Dong Bui, was starting and even rejected her neighbor’s offer to accompany her. Tam knew the language barrier would affect her experience, but after encouragement from her neighbor, Tam decided it was worth a try. Operation Pathways , NHPF’s Resident Services Subsidiary, takes pride in its resident-centered programs and services, dedicated to improving and uplifting the lives of all who live there. Ms. Tam Nguyen, residing at our Winter Hill Apartments, is a notable example of why we do what we do. experience, “I love the class, I’m not afraid anymore, I just watch the movements of the instructor and I follow. There were times when I made a wrong move and my instructor just smiled and used sign language to correct me.” Tam now raves about how the yoga routine has her doing stretches she would not normally attempt, emphasizing its effectiveness as a great exercise for her. Where Tam Nguyen lives matters. After her first class, Tam loved the experience and now attends often, speaking very highly of the whole Ridgecrest Village Apartments, Washington, DC Taking Up a New Hobby at Any Age

We will present NHPF’s Affordable Housing Industry Leader Award to:

• Paul Sween , Senior Managing Partner, Dominium

Leading our conversation will be NHPF's newly-appointed Director of Supportive Housing:

• Eva Thibaudeau-Graczyk

The experts taking part in the conversation are:

• David Bowers , Vice President, Mid-Atlantic Market and Senior Advisor for the Faith-Based Development Initiative at Enterprise Community Partners • Carlos Martín , Director of the Remodeling Futures Program at the Harvard University Joint Center for Housing Studies • David A. Northern, Sr. , President and CEO of the Houston Housing Authority New Port Antonio Apartments, Port Antonio, Roxbury, MA NHPF acquired Port Antonio, a historic Section 8 property located in the Warren Street neighborhood of Roxbury, MA. This acquisition marks one of the largest transactions in NHPF's history.

NHPF Transaction News New Port Antonio Apartments is comprised of 227 urban residential apartment homes spread across thirteen different locations and seventeen building footprints within a half-mile radius. Constructed between 1899 and 1930, these buildings add significant historic value to the community.

Our Top 5 Picks for the Quarter Stay informed and entertained by this quarter’s media choices reflecting on aspe social justice and other relevant topics. 1. The Morning Huddle Construction Show with Chad Prinkey A construction indus executive trainer we all know! The Morning Huddle is a platform for people who are cre building industry. The podcast contains short-form interviews that are entertaining and e share their message. 2. Wandering Stars is award-winning author, Tommy Orange’s scathing indictment of th people, working to reshape the Native American story in the United States, Tam, an 82-year-old Vietnamese woman, was nervous about joining the yoga class that RSC, Dong Bui, was starting and even rejected her neighbor’s offer to 3. Executive produced by Academy Award Winner Common, Grassland is a riveting so perils of marijuana incarceration. accompany her. Tam knew the language barrier would affect her experience, but after encouragement from her neighbor, Tam decided it was worth a try. 4. Build, Baby, Build: The Science and Ethics of Housing Regulation , is a non-fictio comic book equivalent of a documentary that combines words and pictures to give read with a focus on how government restricts the construction industry, and what would hap 5. Nowhere to Live: The Hidden Story of America’s Housing Crisis takes readers th here. With stories going back to the Civil War, the early 20th century, and the ill-fated "u 1950s, Nowhere to Live reveals how the government layered mistake upon mistake to c also provides a way out: not by government fiat, but through the restoration of private pr experience, “I love the class, I’m not afraid anymore, I just watch the movements of the instructor and I follow. There were times when I made a wrong move and my instructor just smiled and used sign language to correct me.” Tam now raves about how the yoga routine has her doing stretches she would not normally attempt, emphasizing its effectiveness as a great exercise for her. After her first class, Tam loved the experience and now attends often, speaking very highly of the whole

New Port Antonio Apartments, Port Antonio, Roxbury, MA NHPF acquired Port Antonio, a historic Section 8 property located in the Warren Street neighborhood of Roxbury, MA. This acquisition marks one of the largest transactions in NHPF's history. Ridgecrest Village Apartments, Washington, DC NHPF announced the redevelopment of Ridgecrest Phase 2, 132 affordable apartments including 26 Permanent Supportive Housing (PSH) units, situated in the vibrant Randle Heights neighborhood of Southeast DC. NewPoint Real Estate Capital (“NewPoint”) provided $13.3 million in 501(c)(3) bond financing to facilitate the New Port Antonio Apartments is comprised of 227 urban residential apartment homes spread across thirteen different locations and seventeen building footprints within a half-mile radius. Constructed between 1899 and 1930, these buildings add significant historic value to the community. project, undertaken in collaboration with financing partners including the DC Department of Housing and Community Development (DHCD); DC Office of the Deputy Mayor for Planning and Economic Development (DMPED); DC Green Bank; and DC Department of Energy and Environment (DOEE). Ridgecrest Phase 2, a property acquired by NHPF on behalf of the Ridgecrest Village Tenants’ Association in 2019, is undergoing substantial rehabilitation with a focus on energy efficiency and sustainability. This initiative is noteworthy for several reasons: Ridgecrest Village Apartments, Washington, DC NHPF announced the redevelopment of Ridgecrest • It is the inaugural residential rehab financed by the District's Revenue Bond program, supported through

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Where Tam Nguyen lives matters.

THE NHPF QUARTERLY SEPTEMBER 2024

aligning with District goals for decarbonization.

Our Top 5 Picks for the Quarter Stay informed and entertained by this quarter’s media choices reflecting on aspects of affordable housing, social justice and other relevant topics. 1. The Morning Huddle Construction Show with Chad Prinkey A construction industry interview show from the executive trainer we all know! The Morning Huddle is a platform for people who are creating positive change in the building industry. The podcast contains short-form interviews that are entertaining and educational so our guests can share their message.

2. Wandering Stars is award-winning author, Tommy Orange’s scathing indictment of the United States’ war on its own people, working to reshape the Native American story in the United States,

3. Executive produced by Academy Award Winner Common, Grassland is a riveting social justice thriller highlighting the perils of marijuana incarceration.

4. Build, Baby, Build: The Science and Ethics of Housing Regulation , is a non-fiction graphic novel. Think of it as the comic book equivalent of a documentary that combines words and pictures to give readers a tour of housing regulation, with a focus on how government restricts the construction industry, and what would happen if the restrictions were lifted. 5. Nowhere to Live: The Hidden Story of America’s Housing Crisis takes readers through the history of how we got here. With stories going back to the Civil War, the early 20th century, and the ill-fated "urban renewal" movement of the 1950s, Nowhere to Live reveals how the government layered mistake upon mistake to create the current housing crisis. It also provides a way out: not by government fiat, but through the restoration of private property rights.

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THE NHPF QUARTERLY SEPTEMBER 2024

The NHPF Quarterly May 2024

Announcing the 2024 NHPF Symposium We are pleased to announce Adapting Affordable Housing to the New Realities , the 8th Annual NHPF Symposium, scheduled for Wednesday, October 16 at Union Station in Washington, DC. The bipartisan event will honor a senator from either side of the aisle, Sherrod Brown (D-OH) and Darin LaHood (R-IL) , and explore three key themes: Announcing the 2024 NHPF Symposium We are pleased to announce Adapting Affordable Housing to the New Realities , the 8th Annual NHPF Symposium, scheduled for Wednesday, October 16 at Union Station in Washington, DC. The bipartisan event will honor a senator from either side of the aisle, Sherrod Brown (D-OH) and Darin LaHood (R-IL) , and explore three key themes:

• Addressing Urban Challenges: The Intersection of Race, Crime, and Affordable Housing • New Financial Partnering Strategies: “Beyond LIHTC” • Innovations in Boosting Supply and Sustainability: Doing More With Less • Addressing Urban Challenges: The Intersection of Race, Crime, and Affordable Housing New Financial Partnering Strategies: “Beyond LIHTC” Innovations in Boosting Supply and Sustainability: Doing More With Less

Stay tuned for more information. Stay tuned for more information.

NHPF Transaction News Reverend Curtis M. Cofield II Estates, New Haven, CT NHPF Transaction News Reverend Curtis M. Cofield II Estates, New Haven, CT

West River SHIP and NHPF held a groundbreaking ceremony for Reverend Curtis M. Cofield II Estates in New Haven, CT. The occasion marked the start of construction on a transformative project that will deliver 56 much-needed affordable apartments to the vibrant West River community, including 14 supportive housing units. The $20.2 million project is scheduled to be completed by March 2025. This new construction, situated on vacant land purchased from the City of New Haven, signifies NHPF's inaugural venture into the city, in partnership with West River SHIP. Speakers at the event included the President of West River SHIP, as well as New Haven Mayor Justin Elicker; New Haven Board of Alders President Tyisha Walker-Myers; State Representative Patricia Dillon; Suzanne Piacentini, CT Field Office Director, U.S. Department of Housing and Urban Development; and Dr. Karen DuBois-Walton, President, Elm Speakers at the event included the President of West River SHIP, as well as New Haven Mayor Justin Elicker; New Haven Board of Alders President Tyisha Walker-Myers; State Representative Patricia Dillon; Suzanne Piacentini, CT Field Office Director, U.S. Department of Housing and Urban Development; and Dr. Karen DuBois-Walton, President, Elm City Communities/Housing Authority of the City of New Haven. Dr. Karen DuBois-Walton summed up the development THE NHPF QUARTERLY MAY 2024 West River SHIP and NHPF held a groundbreaking ceremony for Reverend Curtis M. Cofield II Estates in New Haven, CT. The occasion marked the start of construction on a transformative project that will deliver 56 much-needed affordable apartments to the vibrant West River community, including 14 supportive housing units. The $20.2 million project is scheduled to be completed by March 2025. This new construction, situated on vacant land purchased from the City of New Haven, signifies NHPF's inaugural venture into the city, in partnership with West River SHIP.

apartments to the vibrant West River community, including 14 supportive housing units. The $20.2 million project is scheduled to be completed by March 2025. This new construction, situated on vacant land purchased from the City of New Haven, signifies NHPF's inaugural venture into the city, in partnership with West River SHIP. Speakers at the event included the President of West River SHIP, as well as New Haven Mayor Justin Elicker; New Haven Board of Alders President Tyisha Walker-Myers; State Representative Patricia Dillon; Suzanne Piacentini, CT Field Office Director, U.S. Department of Housing and Urban Development; and Dr. Karen DuBois-Walton, President, Elm City Communities/Housing Authority of the City of New Haven. Dr. Karen DuBois-Walton summed up the development this way: “As a moving to work public housing authority, we administer federal funding made possible though HUD. Most of this funding goes to providing tenant based subsidies that allow families to lease in the private market. But annually we set aside a portion of that funding to use in connection with development projects like this one. The addition of our funding allows units to be more deeply affordable reaching an income bracket that desperately needs more quality housing options.” Seabrook Square, East Austin, TX NHPF broke ground in January on Seabrook Square, 204 new rental apartment homes available to households earning at or below 60% of the Area Median Income (AMI) in East Austin, TX. This significant event marks a crucial step towards addressing the region's housing needs and fostering economic diversity within the community. In collaboration with AHFC and local developer Capital A Housing, NHPF closed on $74.5 million in construction financing for Seabrook Square. This project signifies NHPF's inaugural venture into Austin, showcasing a commitment to partnering with local organizations to deliver much-needed affordable housing. Rasmus-Temenos, Houston, TX Temenos Community Development Corporation (CDC) in partnership with NHPF announced the opening of Rasmus- Temenos, a property with 95 Permanent Supportive Housing (PSH) apartments. The construction of Rasmus-Temenos is a testament to the collaborative efforts of government entities, nonprofit organizations, and private sector partners dedicated to addressing the pressing issue of homelessness in this community.

At the Ribbon-cutting Ceremony, Mayor Pro-Tem Martha Castex-Tatum said:

“Saving this housing that will provide specialized services in order to increase the wellness of the population was achieved by all the entities here today. Through innovative funding mechanisms and unwavering commitment, this project ensures that vulnerable individuals have access to safe and supportive housing.” The property includes an entire floor that is dedicated to at-risk youth. Plus, 80 of the units replace those lost to The Texas Department of Transportation (TxDOT) to make way for highway improvements. Funding for this transformative project includes significant contributions from the Houston Housing Authority, City of Houston Housing and Community Development, with $12.5 million allocated, and $11 million in Community Development Block Grant (CDBG) funding for Disaster Recovery from Harris County.

Eric Dillard (left) and Brantly Grier

Angela Williams (cooking) and Winona Butler

With the Right Assistance, Anytime is the Right Time to Start a Business Mark Twain famously said, “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.”

The Heart and Soul of Volunteering

At two NHPF properties, Mark Twain in Chicago and St. Luke’s Plaza in St. Louis, two women found purpose and fulfillment in the embrace of volunteerism.

THE NHPF QUARTERLY MAY 2024

Disaster Recovery from Harris County.

Eric Dillard (left) and Brantly Grier

Angela Williams (cooking) and Winona Butler

With the Right Assistance, Anytime is the Right Time to Start a Business Mark Twain famously said, “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” Clearly Eric Dillard (above left) who, at age 75, founded the climate change non-profit, New Frontier, agrees with that sentiment. Eric, a resident of NHPF affordable property, The LaSalle at Lincoln Heights for the past six years, contacted LaSalle RSC Brantly Grier to work on setting up his business. Together with Brantly, the two began the process of securing a tax ID, trademark, and articles of incorporation. As soon as the process is complete, Eric will be moving his business into an office space.

The Heart and Soul of Volunteering

At two NHPF properties, Mark Twain in Chicago and St. Luke’s Plaza in St. Louis, two women found purpose and fulfillment in the embrace of volunteerism. Angela Williams and Winona Butler, residents of these two communities respectively, embarked on a journey of service which not only enriched their own lives but also transformed the fabric of their communities. Operation Pathways, the onsite service provider subsidiary of NHPF, provides residents the tools, resources, and coaching they need to achieve housing stability and meet their academic, financial, and wellness goals. Angela, a cheerful and dedicated member of Mark Twain, first dipped her toe into volunteering by assisting with various activities and events organized by the RSC at Mark Twain.

Our Top Picks for Spring Stay on top of issues affecting affordable housing and social justice topics via these interesting choices!

12 THE NHPF QUARTERLY MAY 2024

Our Top Picks for Spring Stay on top of issues affecting affordable housing and social justice topics via these interesting choices!

1. Housing in America Podcast: Pathways to Homeownership Putting a roof over their heads is a struggle for many Americans. Rising house prices, restrictive zoning, increasing rents, and a lack of small mortgages are some of the hurdles facing people who want a safe and secure place to call home. Alex Horowitz and Tara Roche, directors of The Pew Charitable Trusts’ housing policy initiative, discuss some of the challenges—and how to overcome them—for those pursuing homeownership. 2. We Grown Now A film that takes the idea of beauty seriously and works, with deceptive ease, to show us the tiny pleasures that make up life in notorious Cabrini-Green. Beginning in 1995, this former Chicago Housing Authority (CHA) public housing project on the Near North Side of Chicago, Illinois was torn down, with the last dilapidated mid- and high- rise building demolished in 2011.

3. Housing the Nation Scholars, advocates, and architects assess America’s affordable housing crisis and suggest various strategies to rectify it, including numerous images of important, recently-built houses and complexes.

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THE NHPF QUARTERLY MAY 2024

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The NHPF Quarterly January 2024

Many Completions in 2023, Many Goals in 2024 NHPF never slowed down in 2023, and in particular, the final quarter where the organization completed three celebrations for nearly 200 units of affordable housing. This included the Ribbon-Cuttings for Berry Manor and The Covent in Chicago and a groundbreaking to mark the start of ground-up construction on Park Heights Senior Apartments in Baltimore.

14 THE NHPF QUARTERLY JANUARY 2024

in Baltimore.

Attracting Donor Dollars During the Season of Giving NHPF's Rebecca Ely on How Philanthropy Helps Make Affordable Housing Life-changing In this season of giving, the importance of philanthropy cannot be overstated. Many donors put as much energy into choosing the perfect gift for loved ones, as deciding where to invest their philanthropic dollars. Philanthropy can have a transformative role in creating a just and more equitable community. Philanthropy, for example, plays a transformative role in the realm of affordable housing and supportive services. The scarcity of affordable housing is a pressing issue that affects communities worldwide, contributing to homelessness, inequality, and the erosion of social cohesion. Philanthropists who champion affordable housing initiatives are not just addressing a basic human need. They are laying the foundation for vibrant, inclusive communities. Affordable housing philanthropy addresses the interconnected nature of social issues. Stable housing is a cornerstone for improved health, education, and economic opportunities. When individuals have a secure place to call home, they are better positioned to access healthcare, pursue education, and contribute meaningfully to the workforce. In this way, philanthropy aimed at affordable housing becomes a catalyst for comprehensive community development. Affordable housing communities that provide onsite resident services ensure residents are stably housed. Once stably housed, residents can pursue goals such as improving their health, pursuing further education for themselves and their children, and expanding their economic opportunities.

NHPF Transaction News Park Heights Senior Apartments, Baltimore, MD As part of a major redevelopment plan for the area, City of Baltimore, Maryland Department of Housing and Community Development, Henson Development Company, and NHPF broke ground on Park Heights Senior Apartments, marking a major step in restoring a historically important, under-invested neighborhood. The new $52M affordable housing development will create 100 affordable apartments for seniors. Construction of Park Heights Senior Apartments continues the revitalization of the neighborhood that includes the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated. Curtis Cofield II Estates, New Haven, CT NHPF closed on $30M of construction financing for Curtis Cofield ll Estates in New Haven, CT to produce 56 affordable apartments. This new construction on vacant land purchased from the City of New Haven marks NHPF’s first foray into the City. The development is in partnership with West River SHIP, an investment group based on the doctrine of the late Reverend Dr. Leon H. Sullivan, pastor of the Zion Baptist Church in Philadelphia, whose principles address racial and economic emancipation through participation in profit- making initiatives by minorities that have been traditionally deprived of involvement in substantial capitalistic endeavors. Edwin Berry Manor Apartments, Chicago, IL In keeping with its mission to preserve affordable housing, NHPF announced it has completed a major renovation of the Edwin C. Berry Manor Apartments, a senior, Section 8 property located at 737 E. 69th Street in Chicago, in the same area that will serve as home to the Obama Library. The rehabilitation was made possible by a financial partnership with HUD, Merchants Capital, Illinois Housing Development Authority (IHDA), National Affordable Housing Trust (NAHT) and UnitedHealth Group. NHPF is preserving and maintaining the 57-unit affordable property built in 1991, making it the fourth

THE NHPF QUARTERLY JANUARY 2024

the Obama Library.

expanding their

senior, Section 8 property located at 737 E. 69th Street in Chicago, in the same area that will serve as home to the Obama Library. The rehabilitation was made possible by a financial partnership with HUD, Merchants Capital, Illinois Housing Development Authority (IHDA), National Affordable Housing Trust (NAHT) and UnitedHealth Group. NHPF is preserving and maintaining the 57-unit affordable property built in 1991, making it the fourth property the organization has acquired or built in Chicago in the last five years and the first specifically for seniors. The Covent Apartments, Chicago, IL NHPF celebrated the re-opening of the Covent Apartments, 30 affordable studio apartments developed from the Covent Hotel, an SRO in the Lincoln Park neighborhood of Chicago, in a Ribbon-Cutting Ceremony. Donate to Operation Pathways Read More

the Obama Library.

The rehabilitation wa partnership with HU Housing Developme Affordable Housing Group. NHPF is pre affordable property b property the organiz Chicago in the last f seniors. The Covent Apartm NHPF celebrated th Apartments, 30 affor from the Covent Hot neighborhood of Ch Ceremony.

The rehabilitation was made possible by a financial partnership with HUD, Merchants Capital, Illinois Housing Development Authority (IHDA), National Affordable Housing Trust (NAHT) and UnitedHealth Group. NHPF is preserving and maintaining the 57-unit affordable property built in 1991, making it the fourth property the organization has acquired or built in Chicago in the last five years and the first specifically for seniors. The Covent Apartments, Chicago, IL NHPF celebrated the re-opening of the Covent Apartments, 30 affordable studio apartments developed from the Covent Hotel, an SRO in the Lincoln Park neighborhood of Chicago, in a Ribbon-Cutting Ceremony.

Donate to Operation Pathways

athways

Our Top Picks for the New Year Stay on top of issues affecting affordable housing and social justice topics via these interesting choices! 1. The Curse has been called the most cringe-worthy show of the year but also very funny, and for those in affordable housing, there are some real moments. The Siegels are newlyweds and they have set out to make a home renovation show about delivering eco-friendly passive houses to the residents of Española. They are depicted as well-meaning gentrifiers in a community consisting of indigenous and BIPOC folks. The show they are shooting is called Flipanthropy, alluding to the traditional house flipping format with an added focus on community building. Ironically, the pair desig n mirror houses that stick out like sore thumbs in their surroundings and which often entice birds to crash directly into them. 2. Blighted is a powerful narrative about the decades-long decay and remarkable two-year reinvention of Summerdale, an aging apartment community located in one of Atlanta’s grittiest corridors. A book and a 5-part series are now available. 3. Rough Sleepers is the story of an inspiring doctor who made a difference, by helping to create a program to care for Boston’s homeless community by the Pulitzer Prize-winning, New York Times bestselling author of Mountains Beyond Mountains.

Our Top Picks for the New Year Stay on top of issues affecting affordable housing and social justice topics via 1. The Curse has been called the most cringe-worthy show of the year but also very housing, there are some real moments. The Siegels are newlyweds and they have se show about delivering eco-friendly passive houses to the residents of Española. The gentrifiers in a community consisting of indigenous and BIPOC folks. The show they alluding to the traditional house flipping format with an added focus on community bu mirror houses that stick out like sore thumbs in their surroundings and which often e them. 2. Blighted is a powerful narrative about the decades-long decay and remarkable tw an aging apartment community located in one of Atlanta’s grittiest corridors. A book a available. 3. Rough Sleepers is the story of an inspiring doctor who made a difference, by help Boston’s homeless community by the Pulitzer Prize-winning, New York Times bestse Mountains.

ear ordable housing and social justice topics via these interesting choices! most cringe-worthy show of the year but also very funny, and for those in affordable nts. The Siegels are newlyweds and they have set out to make a home renovation assive houses to the residents of Española. They are depicted as well-meaning g of indigenous and BIPOC folks. The show they are shooting is called Flipanthropy, ing format with an added focus on community building. Ironically, the pair desig n e thumbs in their surroundings and which often entice birds to crash directly into

bout the decades-long decay and remarkable two-year reinvention of Summerdale, ted in one of Atlanta’s grittiest corridors. A book and a 5-part series are now

n inspiring doctor who made a difference, by helping to create a program to care for e Pulitzer Prize-winning, New York Times bestselling author of Mountains Beyond

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About the NHP Foundation Headquartered in New York City with offices in Washington, DC, and Chicago, IL, The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, service-enriched multifamily housing, and single- family homes that are both affordable to low and moderate income families and seniors, and beneficial to their communities. NHPF’s Construction Management Group

About the NHP Foundation Headquartered in New York City with offices in Washington, DC, and Chicago, IL, The NHP Foundation (NHPF) was lau supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, s family homes that are both affordable to low and moderate income families and seniors, and beneficial to their commu

16 THE NHPF QUARTERLY JANUARY 2024 shington, DC, and Chicago, IL, The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly ration. NHPF is dedicated to preserving and creating sustainable, service-enriched multifamily housing, and single- moderate income families and seniors, and beneficial to their communities. NHPF’s Construction Management Group

The NHPF Quarterly September 2023

No (Summer) Rest for the Weary! This past quarter has been filled with exciting acquisition and development news from NHPF from the re-opening of Alexander House in Hagerstown, MD to NHPF’s first transaction in Austin, TX and first deal inked in Colorado. These developments will provide important housing opportunities for residents. Join hundreds of your peers and colleagues at The NHPF 2023 Symposium: The Future of Affordable Housing: Interconnecting Construction, Demographics, Government, and Innovation, Thursday, October 19 at Union Station in Washington, DC. Always a can’t-miss event, sign up to sponsor, contribute, and attend!

NHPF Announces Re-Opening of Alexander House 95 Service-Enriched Apartments in Hagerstown, MD

NHPF rededicated the Alexander House, a low-income senior apartment community, in Hagerstown, MD. The ribbon- cutting featured Hagerstown Mayor Takesha Martinez in celebration of the $30M historic rehabilitation.

NHPF renovated the entire building including replacing all the windows and damaged doors, cabinets, appliances, and bathtubs. NHPF historically renovated Alexander House’s exterior by cleaning all the masonry and repairing any damage. NHPF improved the building’s access by converting six units into UFAS compliant apartments, two units into hearing and visually impaired apartments, and reconfigured the laundry room, common areas, and entrances so they are ADA compliant. The organization also upgraded the retail space and welcomed two new tenants: Menysa Events (specializes in luxe balloon design and event design décor) and Create a Candle (provides patrons a unique and relaxing experience creating custom candles). NHPF also signed a long-term lease with Authentic Community Theater, Inc. (ACT) for the former television space in the back of the Alexander House building. ACT provides performing arts education to students in grades 1–12 as well as a variety of entertainment options for the community. According to Robbie Soto, Director, ACT, “This partnership ensures that our a community-based non-profit has room to grow in downtown Hagerstown, promoting the revitalization of the Arts & Entertainment district in conjunction with their performance venue, the ACT Black Box Studio.” NHPF dramatically improved Alexander House’s energy performance with new energy-efficient, split-system heating and cooling, ducted bathroom exhaust, and fresh air supplies. NHPF replaced all lights with energy efficient lighting, appliances with Energy Star appliances, and plumbing fixtures with water sense faucets. The renovation was awarded the Enterprise Green Communities Certification for its sustainable upgrades.

THE NHPF QUARTERLY SEPTEMBER 2023

The rehabilitation was made possible by $12.8M of equity and $9.5M of construction debt from Enterprise Community Capital, $7.5M FHA insured loan from AGM Financial, $6M loan from the State of MD Community Development

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