NHPF Quarterly Newsletters

• David A. Northern, Sr. , President and CEO of the Houston Housing Authority

NHPF Transaction News

Taking Up a New Hobby at Any Age

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. 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.

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. 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. After her first class, Tam loved the experience and now attends often, speaking very highly of the whole 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.

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 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:

6 THE NHPF QUARTERLY SEPTEMBER 2024

• It is the inaugural residential rehab financed by the District's Revenue Bond program, supported through

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