The NHPF Quarterly July 2022
Spring was in full swing at NHPF. The organization has been extremely busy on the Development and Thought Leadership fronts. We’d like to kick off this issue with a recent article penned for Forbes by our CEO Dick Burns that is a real call-to-action for business leaders to press forward in the important work of keeping LIHTC alive and well in pursuit of more affordable housing.
How Business Leaders Can Work With Lawmakers To Advance Affordable Housing When politicians of either party go home to their states/districts, they most often hear from their constituents about the lack of affordable housing. The statistics supporting the imbalance between affordable housing supply and demand are overwhelming. And yet, while there is greater bipartisanship over the issue than in previous times, there still exists a strong divergence of opinion on how to house poor and low-income renters seeking shelter adequately. In all fairness, Congress must deal with many competing needs. Lobbyists support their causes everywhere, and many of those causes are worthy. However, putting aside for a moment the moral rationale for increased government support for affordable housing, I tend to agree with Mark Zandi, chief economist of Moody’s Analytics, and Jim Parrott, a non-resident fellow at the Urban Institute, who said in a recent co-authored CNN editorial, “It is unnerving to see so little attention given to what may be the most critical infrastructure need of all: the nation’s dire shortage of affordable housing.”
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NHPF Completes Recapitalization of Apartments in Newark, NJ July 12, 2022, New York, NY –NHPF, a national not-for- profit provider of affordable housing, announced today that it has closed the recapitalization of New Center City and New Irvine Turner Apartments in Newark, NJ. The deal will include 143 Section 8 units with 15 set aside for PSH. NHPF will perform a comprehensive rehab on the six-building property including site and exterior improvements, replacements of mechanical systems, structural repair and reconstruction, renovations to each
Khamari’s Story At Forest Park in New Orleans, Louisiana, the
community global garden has done much more than bring fresh produce and herbs to families. For Khamari, who is in the 4th grade, it has become a positive outlet, leadership opportunity, and it has transformed reading into a fun activity. Khamari has struggled with reading in school and with controlling his emotions in a group setting. Over the last year, helping in the garden has become one of Khamari’s favorite things to do, and his behavior has greatly improved as a result.
THE NHPF QUARTERLY JULY 2022
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