Together we look forward to continuing to carry out our
mission, building homes, and supporting thriving communities.
The NHPF Quarterly February 2026 NHPF Transaction News The NHP Foundation (NHPF) and Gibson Spyre Selected as Development Partners for Affordable Housing Project in Fairfax County’s Bailey’s Crossroads NHPF Gears up for a Productive 2026 with Two Additions to its Board The leaders at NHPF are ready for whichever way the economic and policy winds go, with some projects ready to break ground and others to welcome new residents. The NHPF, a national mission-based developer dedicated to preserving and creating sustainable, service-enriched affordable housing, along with Gibson Spyre, a veteran-owned Virginia development firm, have been selected by the Fairfax County Redevelopment and Housing Authority (FCRHA) to redevelop 5831 Columbia Pike in Bailey’s Crossroads, Virginia.
We are also proud to start off the year with significant additions to our Board of Trustees including Jeffrey Scruggs , Head of Americas Public Sector & Infrastructure Group, Goldman Sachs and Adrianne Todman , CEO, National Rental Home Council who most recently served as both Acting Secretary and Deputy Secretary of the U.S. Department of Housing and Urban Development.
Together we look forward to continuing to carry out our
mission, building homes, and supporting thriving communities.
NHPF Transaction News The NHP Foundation (NHPF) and Gibson Spyre Selected as Development Partners for Affordable Housing Project in Fairfax County’s Bailey’s Crossroads The NHPF, a national mission-based developer dedicated to preserving and creating sustainable, service-enriched affordable housing, along with Gibson Spyre, a veteran-owned Virginia development firm, have been selected by the Fairfax County Redevelopment and Housing Authority (FCRHA) to redevelop 5831 Columbia Pike in Bailey’s Crossroads, Virginia. The proposed community marks an important step in one of NHPF’s strategic target markets for growth and represents a significant opportunity to bring service-enriched affordable housing to this diverse and rapidly evolving area. “This development offers a powerful example of how local government, non-profits, and community- based partners can work together to advance equitable development and opportunity for all,” said Eric Price, President and CEO of NHPF, adding, “Northern Virginia is a region we have long identified as essential to our mission of expanding affordable housing opportunities in the DC metro area.” The proposed community marks an important step in one of NHPF’s strategic target markets for growth and represents a significant opportunity to bring service-enriched affordable housing to this diverse and “We’re proud to bring our Virginia-based experience and deep community relationships to this transformational project,” added Tom Gibson, President of Gibson Spyre. “Our partnership with NHPF and Fairfax County will deliver not just affordable homes, but a thriving community hub where families can live, learn, and grow for generations.” Under a proposed 99-year ground lease with Fairfax County, NHPF and Gibson Spyre will develop approximately 160 affordable homes, the majority designated as two- and three-bedroom units, in a sustainable building that will also include space dedicated to nonprofit service providers and extensive open spaces. The development aligns with the County’s One Fairfax policy, ensuring that equity and opportunity are built into every major County program, policy, and service. It also responds directly to community needs identified through outreach to local service providers already active in the neighborhood.
4 THE NHPF QUARTERLY FEBRUARY 2026
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