Heights, to delivering opportunity and affordability in New Haven, these projects exemplify what’s possible when community vision meets commitment and investment.
NHPF Transaction News NHPF Brings Groundbreaking “Missing Middle” Housing to Colorado NHPF is looking forward to this month’s Groundbreaking of Galena Apartments , much-needed workforce housing in the Colorado mountain town of Frisco. NHPF is building its first Colorado development—Galena Apartments in Frisco—using its S&P AA– credit rating to finance a first-of-its-kind “missing middle” workforce housing project. The 54-unit community addresses the region’s acute shortage of affordable homes for essential workers, some of whom had been living in their cars. In partnership with the Town of Frisco, NHPF is transforming a former state office site into housing for moderate-income residents. The Town provided the land for $1, $8 million in gap financing, and collaborated with the State and Summit County to fund off-site infrastructure. NHPF used its rating to back 501(c)(3) bonds—allowing a $19M, below-market mortgage to finance the project. Construction has begun and Galena Apartments will serve as a model for future middle- income housing solutions in high-cost markets nationwide, underscoring NHPF’s mission to expand housing opportunities for America’s working families.
Resident Voices How Ethel Collins Built Financial Freedom Through Rent Reporting Ethel Collins, a senior resident at Bayview Towers in Stamford, CT, has always lived carefully on a fixed income. Like many older adults, she budgeted strictly, often having to delay purchases until her next check arrived. That began to change when Operation Pathways introduced an innovative rent reporting program powered by Esusu Inc. “When Operation Pathways first brought this program to Bayview, I opted in right away because I knew it was a good opportunity,” said Ms. Collins. “Having Esusu report my on-time payments has helped me so much. When I saw how high my credit score was, I was shocked.” Before enrolling, Ms. Collins had no credit history. Her credit report only listed Esusu, the AI-driven platform founded by Wemimo Abbey, which reports positive rent payments—unlike the traditional system that only flags missed ones. This disparity has long disadvantaged renters, with more than 45 million Americans remaining credit-invisible. Esusu aims to close that gap by tapping into a previously overlooked data source: consistent rent payments.
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A Message from Operation Pathways It’s hard to believe August is upon us and families across the country are preparing for the back-to-school season. Operation Pathways is working hard to ensure that the children living in NHPF’s affordable housing communities have everything they need when the school year begins. Operation Pathways provides high-impact resident services that help individuals and families thrive—right where they live. In addition to year-round programs focused on financial stability, health and wellness, and employment, we are especially focused this summer on helping students return to school prepared, confident, and supported. From hosting backpack drives and school supply giveaways to providing academic enrichment and mental wellness resources, our team is partnering with parents to lay the groundwork for a successful school year. In communities where barriers to education often run deep, these services offer more than just pencils and paper—they offer hope and opportunity. In 2024, 1,867 youth were supported through OP’s Education and Youth Development programs across the country!
THE NHPF QUARTERLY JULY 2025
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