NHPF Quarterly Newsletters 2020–2025

P Foundation at eatherly about the perience in ing development to e leadership, staff wth is both exciting ess to affordable allenge I look ented NHPF team

“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.” Humanity of Northern Virginia. He holds a Bachelor of Science from the University of Tennessee at Knoxville. “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.” 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. “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.” “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.” 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. “This project meets all three of the CHFA Proposition 123 Land Banking Program priorities: providing transit-accessible, high- density housing within two miles of downtown Denver; serving households at a mix of income levels; and ensuring environmentally sustainable development,” said Neal Drobenare, SVP of NHPF. “We are proud to expand our footprint in Colorado with another community designed for long-term affordability.”

loans from Zocalo. 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. “This project meets all three of the CHFA Proposition 123 Land Banking Program priorities: providing transit-accessible, high- density housing within two miles of downtown Denver; serving households at a mix of income levels; and ensuring environmentally sustainable development,” said Neal Drobenare, “This project meets all three of the CHFA Proposition 123 Land Banking Program priorities: providing transit-accessible, high- density housing within two miles of downtown Denver; serving households at a mix of income levels; and ensuring environmentally sustainable development,” said Neal Drobenare, “This project meets all three of the CHFA Proposition 123 Land Banking Program priorities: providing transit-accessible, high- density housing within two miles of downtown Denver; serving households at a mix of income levels; and ensuring environmentally sustainable development,” said Neal Drobenare, SVP of NHPF. “We are proud to expand our footprint in Colorado with another community designed for long-term affordability.” Read More SVP of NHPF. “We are proud to expand our footprint in Colorado with another community designed for long-term affordability.” SVP of NHPF. “We are proud to expand our footprint in Colorado with another community designed for long-term affordability.” 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.

ed throughout his the housing

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OPERATION PATHWAYS: RESIDENT VOICES Kamari Corbin was the 2024 Pine Knoll Intern. During his internship, Kamari worked alongside Property Management, Maintenance, and the Resident Services Coordinator. Early in the internship, Kamari expressed his goal of joining the United States Air Force and shared that he needed support to pass the ASVAB exam. In addition to fulfilling all internship responsibilities, he worked closely with the Resident Service Coordinator, Christina Calixte, to prepare for the exam. Kamari’s dedication was exceptional—he studied before and after work, on weekends, and consistently sought support throughout the program. Not only did Kamari pass the ASVAB, but he earned an impressive score that led to his selection as a Retainer Aircraft Boomer Maintenance Specialist. He has graduated from training. Kamari is not only a proud product of the Pine Knoll Internship Program but also a shining example of how hard work, determination, and community support can lead to success. Early in the internship, Kamari expressed his goal of joining the United States Air Force and shared that he needed support to pass the ASVAB exam. In addition to fulfilling all internship responsibilities, he worked closely with the Resident Service Coordinator, Christina Calixte, to prepare for the exam. Kamari’s dedication was exceptional—he studied before and after work, on weekends, and consistently sought support throughout the program. Not only did Kamari pass the ASVAB, but he earned an impressive score that led to his selection as a Retainer Aircraft Boomer Maintenance Specialist. He has graduated from training. Donate to Operation Pathways OPERATION PATHWAYS: RESIDENT VOICES Kamari Corbin was the 2024 Pine Knoll Intern. During his internship, Kamari worked alongside Property Management, Maintenance, and the Resident Services Coordinator. OPERATION PATHWAYS: RESIDENT VOICES Kamari Corbin was the 2024 Pine Knoll Intern. During his internship, Kamari worked alongside Property Management, Maintenance, and the Resident Services Coordinator. Early in the internship, Kamari expressed his goal of joining the United States Air Force and shared that he needed support to pass the ASVAB exam. In addition to fulfilling all internship responsibilities, he worked closely with the Resident Service Coordinator, Christina Calixte, to prepare for the exam. Kamari’s dedication was exceptional—he studied before and after work, on weekends, and consistently sought support throughout the program. Not only did Kamari pass the ASVAB, but he earned an impressive score that led to his selection as a Retainer Aircraft Boomer Maintenance Specialist. He has graduated from training. Kamari is not only a proud product of the Pine Knoll Internship Program but also a shining example of how hard work, determination, and community support can lead to success. Kamari is not only a proud product of the Pine Knoll Internship Program but also a shining example of how hard work, determination, and community support can lead to success.

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