also includes over 20,000 square feet of commercial and community space.
NHPF 7th Annual Symposium: Secure your Seat Today Excitement is building for this year’s Symposium, The Future of Affordable Housing: Interconnecting Construction, Demographics, Government, and Innovation, We hope you can join us there! We are pleased to announce the addition of Cindy Frewen, nationally recognized futurist and architect, who will discuss factors shaping the affordable housing of the future and actions we should all be taking. Cindy Frewen joins a program that also includes special guest speaker Ethan Handelman, Deputy Assistant Secretary for the Office of Multifamily Housing Programs at HUD, and keynote address from Wemimo Abbey, Co-Founder & Co-CEO of Esusu, the leading financial technology company helping individuals save money and build credit as well as forward-thinking presentations by the following important voices in the future of affordable housing: Philip Bump, a National Columnist for The Washington Post and author of The Aftermath: The Last Days of the Baby Boom and the Future of Power in America. Bump’s expertise in analyzing and deciphering demographics and their place in future societal and policy decisions is unparalleled. Roger Krulak, CEO, FullStack Modular, a construction leader and sought after industry expert at the forefront of using modular materials in affordable housing and other building. Garet Marr, Managing Director, Franklin Street Insurance Services. Any conversation about the future of affordable housing must include how such housing will be insured and protected. Franklin Street’s forecasting and research knowledge defines industry “best practices.” Donahue Peebles III, Chairman, Legacy Real Estate Development, represents the next generation of affordable housing innovation, advancing projects through the development process via strategic partnerships, management, and community engagement.
THE NHPF QUARTERLY SEPTEMBER 2023 challenges. The Mountain Resort region of Colorado is home to some of the nation’s top ski and recreational areas, notably Vail and Aspen, yet is notoriously short on NHPF’s Enters Colorado Affordable Workforce Housing Market with Three Deals in the Mountain Resort Region Ground-up Construction Aims to Build Nearly 350+ units of Much-needed Affordable Housing NHPF is expanding its footprint west with development deals in the works in three different mountain resort area towns which present unique opportunities and On-site parking will be available along with approximately 3,000 square feet of commercial space that will be the home of Raasin in the Sun (artist incubator) and Origin Studio House (a black-owned café). The development will include a large public plaza, wrapped by 10 live/work units, locally curated murals, passive/active recreation spaces, and community center for residents. Construction is scheduled to commence September 2023. The project in the East MLK neighborhood focuses on providing maximum affordability for both residents and small, local businesses to foster an inclusive community, and to support the health and well-being of the J.J. Seabrook community through green space, ecosystem services, active transportation linkages, and public art. Out of the 204 units, 10 units will serve as live-work residence-studios for Austin artists. All units will be restricted to 60% MFI or below. NHPF Transaction News Seabrook Square, Austin, TX 204 New Rental Apartments for Households Earning At or Below 60% AMI NHPF announced that it has closed on the construction financing of Seabrook Square in Austin, TX. This new construction marks NHPF’s first foray into Austin and is a partnership with Austin Housing Finance Corporation (AHFC) and Capital A Housing. Seabrook Square is financed by a $40M tax-exempt Bond issued by the City of Austin, $3.4M Citibank construction bridge debt, $32.3 million in 4% LIHTC Equity syndicated by Boston Financial, and $13.5M in Austin Housing Finance Corporation subordinate debt financing.
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