Read More “In a ski-country county where some teachers were sleeping in cars, we’re building homes where they can thrive,” said Neal Drobenare, Senior Vice President at NHPF. “I’ll never forget attending a homelessness meeting at the Summit County Library and seeing not just advocates—but actual working professionals, desperate for a safe place to park and sleep.” Soon after, the Town of Frisco purchased an obsolete state office building on Galena Street, temporarily opening the parking lot to unhoused workers. That gesture laid the groundwork for a bolder move. When NHPF acquired a Main Street site for low-income housing, the Town asked if it could co- develop the Galena parcel to serve the “missing middle”—residents who earn too much to qualify for traditional affordable housing but too little to afford market rents. PERSONNEL NEWS The NHP Foundation Announced the Appointment of Joseph P. Weatherly as Chief Investment Officer (CIO) RECENT ACQUISITION NHPF's Third Colorado Acquisition in 2025: 158 Units of Affordable Housing to be Built at Sloan’s Lake Humanity of Northern Virginia. He holds a Bachelor of Science from the University of Tennessee at Knoxville. Working with the Town, NHPF helped draft the Workforce Housing Incentive Act, legislation that streamlined zoning, relaxed parking requirements, and quadrupled the site’s allowable density. The result is a model for middle-income housing across Colorado and beyond. “Joe’s appointment as CIO comes at a pivotal time for NHPF,” said Eric W. Price, President & CEO of The NHP Foundation. “His proven ability to structure innovative transactions, cultivate public-private partnerships, and scale housing development nationwide will be instrumental as we continue to meet the urgent demand for affordable and workforce housing.” Read More 40 Housing Professional” by the Virginia Housing Coalition and receiving the Charles Edson Award for Tax Credit Excellence. He has also served on the Board and Executive Committee of Habitat for
Credits, the State o offered $3.85 millio as well as an $18.5 Enterprise, $24.5 m PNC Bank-manage third party investor debt from the Colo several million doll loans from Zocalo. “This project meets Proposition 123 La priorities: providing density housing wi Denver; serving ho levels; and ensurin sustainable develo SVP of NHPF. “We footprint in Colorad designed for long-t
With more than 23 years of success in multifamily housing acquisition, finance, and development nationwide, Joseph Weatherly brings deep expertise in affordable, workforce, and mixed-income housing. In his new role,
RECENT ACQUISITION NHPF Announces Third Colorado Acquisition in 2025: 158 Units of Affordable Housing to be Built at Sloan’s Lake The NHP Foundation acquisition of land for its third Colorado deal in 2025, marks another significant step in addressing the region’s housing needs. The 0.9-acre parcel, located at 3701 16th Avenue in Denver’s Sloan’s Lake neighborhood, will be developed by managing partner Zocalo Community Development into 158 new energy-efficient apartments known as Liora at Sloan’s Lake. Rents at Liora will be limited to residents earning 30%, 50% and 60% of Area Median Income. The acquisition closed September 22, 2025, with construction beginning this fall. “Liora, and the entire redevelopment of the broader site at Sloan’s Lake, supports our mission to create housing affordability at all levels, both for-sale and for-rent,” said David Zucker, CEO, Zocalo Community Development. “Our partnership with NHPF reinforces Zocalo’s commitment to real estate development that balances investment returns, community, and environmental impact.” Financing partners for the $60 million development include the Colorado Housing and Finance Authority (CHFA), which provided a tax- exempt bonds and 4% Low Income Housing Tax Credits, the State of Colorado and CHFA which offered $3.85 million Proposition 123 land loan, as well as an $18.5 million loan from Bellwether Enterprise, $24.5 million in LIHTC equity from a PNC Bank-managed fund comprised of a one- third party investor, $9.5 million in subordinate debt from the Colorado Division of Housing and several million dollars in deeply-subordinated loans from Zocalo. housing needs. The 0.9-acre parcel, located at 3701 16th Avenue in Denver’s Sloan’s Lake neighborhood, will be developed by managing partner Zocalo Community Development into 158 new energy-efficient apartments known as Liora at Sloan’s Lake. Rents at Liora will be limited to residents earning 30%, 50% and 60% of Area Median Income. The acquisition closed September 22, 2025, with construction beginning this fall. RECENT ACQUISITION NHPF Announces Third Colorado Acquisition in 2025: 158 Units of Affordable Housing to be Built at Sloan’s Lake The NHP Foundation acquisition of land for its third Colorado deal in 2025, marks another significant step in addressing the region’s RECENT ACQUISITION NHPF's Third Colorado Acquisition in 2025: 158 Units of Affordable Housing to be Built at Sloan’s Lake
he will oversee NHPF’s investment strategy and capital deployment across its national portfolio, leading the organization’s investment team in identifying opportunities that align with its mission and long-term financial strength. Prior to joining NHPF, Weatherly served as Senior Vice President at McCormack Baron Salazar and Chief Development Officer at McCormack Baron Residential, where he pursued and secured development rights for more than 11,000 units nationwide and built national business development and workforce housing teams. He has also held senior leadership roles at The Michaels Organization, PIRHL Developers, AHC Inc., and Meridian Investments, and began his career in finance at Morgan Stanley. he will oversee NHPF’s investment strategy and capital deployment across its national portfolio, leading the organization’s investment team in identifying opportunities that align with its mission and long-term financial strength. “I am honored to join The NHP Foundation at such a pivotal time,” added Weatherly about the appointment. “Bringing my experience in investment strategy and housing development to an organization with incredible leadership, staff and resources poised for growth is both exciting and humbling. Expanding access to affordable and workforce housing is a challenge I look forward to tackling with the talented NHPF team and our partners.” Weatherly has been recognized throughout his career for his contributions to the housing industry, including being named a “Top 40 Under 40 Housing Professional” by the Virginia Housing Coalition and receiving the Charles Edson Award for Tax Credit Excellence. He has also served on the Board and Executive Committee of Habitat for Humanity of Northern Virginia. He holds a Bachelor of Science from the University of Tennessee at Knoxville. investment strategy and housing development to an organization with incredible leadership, staff and resources poised for growth is both exciting and humbling. Expanding access to affordable and workforce housing is a challenge I look forward to tackling with the talented NHPF team “Joe’s appointment as CIO comes at a pivotal time for NHPF,” said Eric W. Price, President & development and workforce housing teams. He has also held senior leadership roles at The Michaels Organization, PIRHL Developers, AHC Inc., and Meridian Investments, and began his career in finance at Morgan Stanley. “I am honored to join The NHP Foundation at such a pivotal time,” added Weatherly about the appointment. “Bringing my experience in Prior to joining NHPF, Weatherly served as Senior Vice President at McCormack Baron Salazar and Chief Development Officer at McCormack Baron Residential, where he pursued and secured development rights for more than 11,000 units nationwide and built national business PERSONNEL NEWS The NHP Foundation Announced the Appointment of Joseph P. Weatherly as Chief Investment Officer (CIO) With more than 23 years of success in multifamily housing acquisition, finance, and development nationwide, Joseph Weatherly brings deep expertise in affordable, workforce, and mixed-income housing. In his new role,
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“Liora, and the entire redevelopment of the broader site at Sloan’s Lake, supports our mission to create housing affordability at all levels, both for-sale and for-rent,” said David Zucker, CEO, Zocalo Community Development. “Our partnership with NHPF reinforces Zocalo’s commitment to real estate development that balances investment returns, community, and environmental impact.” Early in the internship, Kamari expressed his goal of joining the United Sta that he needed support to pass the ASVAB exam. In addition to fulfilling a he worked closely with the Resident Service Coordinator, Christina Calixte Kamari’s dedication was exceptional—he studied before and after work, o sought support throughout the program. Not only did Kamari pass the ASV impressive score that led to his selection as a Retainer Aircraft Boomer M graduated from training. Kamari is not only a proud product of the Pine Knoll Internship Program b OPERATION PATHWAYS: RESIDENT VOICES Kamari Corbin was the 2024 Pine Knoll Intern. During his internship, K Property Management, Maintenance, and the Resident Services Coordina
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