NHPF Builds
Where You Live Matters
About The NHP Foundation Headquartered in New York City with offices in Washington, DC, and Chicago, IL, The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities. Through Family-Centered Coaching, NHPF’s subsidiary Operation Pathways engages with, and assists, families experiencing poverty and other hardship, to problem-solve together. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other not-for-profit organizations, NHPF has 56 properties, including approximately 10,000 units, in 15 states and the District of Columbia.
Where You Live Matters
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Contents
NHPF Builds Chicago
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NHPF Builds Connecticut
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NHPF Builds The District of Columbia
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NHPF Builds Florida
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NHPF Builds Texas
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NHPF Builds Maryland
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NHPF Builds Massachusetts
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NHPF Builds Missouri
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NHPF Builds New Jersey
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NHPF Builds New Orleans
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NHPF Builds New York
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NHPF Builds North Carolina
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NHPF Builds Virginia
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NHPF BUILDS Chicago
The NHP Foundation (NHPF) is a leading provider of affordable housing in 16 states and the District of Columbia. Our varied preservation and construction strategy in the Windy City dates to 2016. That year, NHPF acquired two SRO (Single-Room Occupancy) properties, The Mark Twain Hotel and The Hotel Covent. Working closely with the City, local Aldermen, and state/ regional funding agencies, NHPF completed a successful rehabilitation and opening of The Mark Twain in 2020. The property has since won numerous design and preservation awards as well as praise from our partners in Chicago. Work on the rehabilitation of The Hotel Covent completed in 2023. SRO acquisition and restoration is a unique feature of Chicago’s affordable housing landscape, due to Chicago’s Single-Room Occupancy and Residential Hotel Preservation Ordinance of 2014. NHPF is proud to be part of this important local restoration effort. In 2016, NHPF, via its Affiliate Program, partnered with The People’s Community Development Association of Chicago, Inc. (PCDAC) to develop land in East Garfield, a community in need of revitalization, and created 36 affordable two, three, and four- bedroom apartments. The result of that successful partnership, Harvest Homes Apartments, expanded to include further affordable units in a Phase II design that is before the City for approvals today. NHPF’s presence in Chicago also includes the 2019 acquisition of Berry Manor, 57 units of affordable housing. Berry Manor’s substantial renovation was completed in 2023. NHPF Builds Chicago. NHPF established a Chicago office in 2016. Owing to our excellent relationships with entities from the City of Chicago, HUD Chicago, local CDFIs like CIC and CCLF, religious organizations like PCDAC, community leaders, and providers of services from clinical case management (Renaissance Social Services), to historic tax credit advisors and design and construction partners, NHPF has made significant inroads in the City. This has led to increased opportunities with current projects in our pipeline to continue to preserve and create affordable housing in the Windy City. We see the path up and out of poverty beginning with multifamily housing enriched with services provided by our subsidiary Operation Pathways—services that families and seniors draw on to expand opportunities for education, financial growth, health, and well-being.
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NHPF BUILDS CHICAGO
The Mark Twain Permanent Supportive Housing/Affordable Living in Downtown Chicago, Illinois Built in 1932, The Mark Twain is located at the newly renovated CTA Red Line Clark/Division Station. Both are located in Chicago’s Historic Gold Coast neighborhood. Nearby to transportation, restaurants and more, the Mark Twain Hotel offers a convenient place to live in a thriving neighborhood served with 24 hour access to public transit.
This historic five-story, elevator building functioned as an SRO (single resident occupancy) hotel. Preserved in accordance with Chicago’s SRO Preservation Ordinance, which passed in November 2014, The Mark Twain is NHPF’s first SRO property in Chicago. It contains 148 SRO units with private bathrooms. This property also includes a resident lobby and enhanced private service area for on-site clinical case management, a parlor for community activities, a laundry room for residents’ use and 4 public serving retail spaces on the ground floor, The rehabilitation of the historic Mark Twain hotel in Chicago was a landmark achievement for NHPF. With work beginning in 2018, this substantial renovation of a historically significant property transformed the building from a significant but aged affordable housing resource into a modern, desirable SRO property in the heart of Chicago’s Gold Coast neighborhood. All units were converted into true studio apartments with the addition of full kitchens. Other upgrades included façade preservation, new windows, a new HVAC system, updated electrical and plumbing fixtures, and updated bathrooms. Common areas were also historically restored and a new outdoor roof deck added for residents’ use. Construction was completed in 2020 with a total development cost of $54.3M which included participation from City of Chicago $5M, $17.6M LIHTC and Historic Tax Credit Equity from Enterprise Community Investment, a $27.3M FHA 220 Loan provided by Bellwether Enterprise, a Sponsor Loan and financing of $4M and a small Affordable Housing Energy Grant from ComEd.
Hotel Covent Permanent Supportive Housing in Lincoln Park Chicago, Illinois Constructed in 1906 and originally attached to a 2000+ seat historic theatre, The Covent is located in the Lincoln Park neighborhood of Chicago. The three-story property functioned as an SRO. In the Fall of 2023, The NHP Foundation completed a substantial rehabilitation of The Covent Apartments. Construction at the property has produced 30 new apartments with bathrooms and
kitchens creating contemporary studio apartments for residents. The Covent’s conversion from Single Room Occupancy (SRO) hotel to a modern studio apartment building also brings residents more services in partnership with Renaissance Social Services, Inc. who brings clinical case management on-site; all while preserving Covent’s affordability for Lincoln Park residents. The investment is NHPF’s second SRO deal in Chicago, with a total development cost of $21.6M, which includes $7.9M in federal Low Income Housing Tax Credits (LIHTC) and Historic Tax Credits, $5M of City Home and Affordable Housing Opportunity Funds, $3.1M in IHDA Permanent Supportive Housing Funds and $4.9M of a HUD/FHA 220 loan and a small Affordable Housing Energy Grant from ComEd.
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NHPF BUILDS CHICAGO
Edwin Berry Manor Apartments Senior Affordable Housing in Chicago, Illinois Edwin Berry Manor Apartments is a senior rental property in the Woodlawn area in Chicago, Illinois. Berry Manor Apartments, located at 737 East 69th Street, consists of fifty-seven (57) apartments in an 8-story residential building with 14 parking spaces. There is a mix of studio, one- and two-bedroom apartments with one bathroom.
The Woodlawn neighborhood, an historically African American community in Chicago, is located on Chicago’s South Side. The future site of the Obama Presidential Library is about two miles northeast of this property. The library has fanned lots of real estate speculation and concern for the preservation of affordable housing, leading local residents to advocate for the Woodlawn Housing Preservation Ordinance. A new Jewel Osco opened one mile north in early 2019, serving both the Hyde Park and Woodlawn communities. Woodlawn had been considered by some as a food desert until this time. The property is immediately surrounded by Martin Temple AME Zion Church and a mix of housing types. A substantial rehabilitation of the property was completed in 2023. NHPF is preserving and maintaining the 57-unit affordable property built in 1991, making it the fourth property the organization has acquired or built in Chicago in the last five years and the first specifically for seniors. The rehabilitation was made possible by a total development cost of $18.3M, which includes a $5.8M FHA 221d4 loan by Merchants Capital, $1.7M from Illinois Housing Development Authority (IHDA), $6.5M of LIHTC Equity from National Affordable Housing Trust (NAHT) and UnitedHealth Group, seller financing and proceeds of $3.6M, and a small Affordable Housing Energy Grant from ComEd.
Harvest Homes Apartments Affordable Transit-Served Location in Chicago, Illinois NHPF partnered with People’s Community Development Association of Chicago, Inc., a community-based not-for-profit organization, as co-general partners and co-developers on the construction of 36 new 100% affordable family units in Chicago’s East Garfield Park neighborhood. The project is the largest new residential construction in the neighborhood in the last 15 years. The location is one half block from Garfield Park and close to the Garfield Park Conservatory.
The property is just north of the Eisenhower Expressway (interstate 290), connecting residents with job centers in the western suburbs and Downtown Chicago. The Illinois Medical District, another important job generator, is just 2.5 miles east of Harvest Homes. A stop for the Chicago L’s blue line that provides service to the Loop and O’Hare Airport is a about a seven minute walk from Harvest Homes. Phase I was made feasible through a total development cost of $14.1M, made up of $11.9M of LIHTC Equity provided by Enterprise Community Investment, City TIF funds of $1M, $185K of Donation Tax Credits, and $365K of Sponsor financing. A Phase II at the corner of W. Jackson Boulevard and S. Homan Avenue, is proposed to include a three story building, to anchor the corner, enhance the built environment, and improve the quality of life for the community, the future residents and the surrounding neighborhood. The new 60,000 sq. ft. development would contain 48 new one, two, and three-bedroom affordable units, for individuals and families.
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NHPF BUILDS CHICAGO
NHPF BUILDS Connecticut
The NHP Foundation (NHPF) is a leading provider of affordable housing in 16 states and the District of Columbia. Our roots doing business in the Nutmeg state date to 1998 with the acquisition and renovation of at Bayview Towers in Stamford, our preeminent example of successful redevelopment using Federal Low Income Housing Tax Credits. Since 1998, the organization has continued to invest in affordable housing in Connecticut and has developed excellent relationships at the municipal, county and state level, partnering and collaborating on intricate deals that benefit both residents and the surrounding communities. NHPF Builds Connecticut. Our organization currently owns and operates two properties in Connecticut, representing 350 units of affordable housing set aside for families and seniors in Stamford and Waterbury. These properties provide significant investment in the housing stock of their local communities and represent a variety of housing types and architectural styles, from townhouse-style living to traditional apartment towers. NHPF’s endeavors in Connecticut have included innovative investment structures designed to leverage private investment to preserve affordable housing in the Nutmeg state. The result of those efforts—the PNC-Urban Atlantic Fund—preserved three affordable properties in the state while allowing NHPF the opportunity to evaluate those properties for potential redevelopment. The redevelopment of Exchange Place Tower in Waterbury, 150 units of affordable housing for seniors, was the end result of this collaborative process. The PNC-Urban Atlantic Fund’s legacy— affordable housing for the citizens of Connecticut and healthy returns for investors—sets a blueprint for sustainable affordability in the Northeast. We see the path up and out of poverty beginning with multifamily housing enriched with services provided by our subsidiary Operation Pathways—services that families and seniors draw on to expand opportunities for education, financial growth, health, and well-being. Preserving and building upon Connecticut’s valuable stock of affordable housing is NHPF’s animating objective in the state and by working closely with state, county, and city officials. Looking to the future, we are pleased to be working with WRSHIP at MLK Tyler Street Family Housing in New Haven. WRSHIP, incorporated in 2001, is the New Haven “SHIP” of a national movement of self-help investment plans active since the 1960s and organized by African-American communities which pooled their resources to undertake development in their communities. This 56-unit, mixed-use development is scheduled to break ground in 2022.
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NHPF BUILDS CONNECTICUT
Bayview Towers 300 Tresser Boulevard, Stamford, CT 06901 / 200 units
Built in 1973, Bayview Towers was in need of substantial, occupied renovation. The financing for this project included tax-exempt bod permanent debt, seller financing, Federal LIHTC equity, existing property reserves, and Connecticut Housing Contribution Credits contributed by Connecticut Light and Power. The major work done during the full on-site relocation process included kitchen and bathroom upgrades, energy efficient appliances, new flooring, replacement of domestic and sanitary plumbing lines, new windows, new electrical panels, new AC units, new roofs, conversion of a portion of units to be handicap accessible, exterior concrete repairs and reinforcements, energy efficient lighting, and a new look for the exterior of the buildings.
Exchange Place Tower 44 Center Street, Waterbury, CT 06702 / 150 units
NHPF completed the $13 million purchase of Waterbury, CT senior affordable property Exchange Place Tower in the summer of 2020. The original construction of the building was made possible with rental assistance support from the U.S. Department of Housing and Urban Development and its residents continue to benefit from the rental assistance program. NHPF began extensive renovations on the
150-unit property directly following acquisition, remodeling kitchens and bathrooms, and installing new energy efficient windows, accessibility improvements, and fixtures that use less electricity and water. Renovation of Exchange Place Tower is projected to be completed in the fall of 2021. Exchange Place Tower has facilities that allow for on-site healthcare activities including wellness visits. As part of the renovation, Exchange Place Tower will also become more sustainable: Eversource, the regional energy utility, is assisting in converting the property from an oil-fired heating and hot water system to a new, highly energy efficient natural gas-fired system.
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NHPF BUILDS CONNECTICUT
NHPF BUILDS The District of Columbia
The NHP Foundation (NHPF) is a leading provider of affordable housing in 16 states and the District of Columbia. We are proud to say that NHPF owns a total of 1,578 units in the District, more than in any other geographic area in the country. The organization was founded in the District of Columbia as a not for profit corporation in 1989, thus ensuring a substantial future presence in Washington, DC. Our first property in the District, The Roundtree Residences, was built in 2013 and NHPF now owns 10 properties in the District. The Roundtree Residences was co-developed as a ground-up project in coordination with the Allen Chapel AME via NHPF’s Affiliate Program, which partners with under-resourced community, religious, or other local organizations to provide expertise and funding. The Roundtree Residences, an environmentally sensitive project, was completed on time, under budget, and has won several awards. Since 2013, NHPF has developed five more properties via the Affiliate Program and seven through the District’s unique TOPA program (The Tenant Opportunity to Purchase Act of 1980). TOPA affords tenants living in the District of Columbia unique rights to assume control and agency over their housing circumstances. TOPA gives residents and tenants’ associations a first shot at purchasing the building in which they live. The TOPA process contains specific procedures which ensure tenants have enough time to assemble the right financing, negotiate a fair contract, and settle with the landlord on the sale of the property. Properties developed via TOPA include Takoma Place, which has recently completed an extensive renovation and Parkchester Apartments, a valuable source of
affordable housing in Southeast DC. The acquisition and rehabilitation of Parkchester Apartments was followed by two additional TOPA acquisitions: Benning Heights Apartments and Woodmont Crossing Apartments. Currently, NHPF is overseeing the renovation of another TOPA property, Anacostia Gardens Apartments as well as The Bobbi, a 2023 acquisition. Looking to the future, Columbia Heights Village and Ridgecrest are major redevelopments in the works for the coming years. Columbia Heights Village will include the additional construction of several hundred units. Needless to say, NHPF’s portfolio and previous developments have led to excellent community, municipal and government relations in the District.
NHPF Builds the District of Columbia
Today, NHPF is proud to have completed more new housing. Via the NHPF Affiliate Program, the organization constructed The Strand. NHPF, The Warrenton Group (TWG), and the Washington Metropolitan CDC (WMCDC), a faith-based affiliate, collaborated to develop this landmark project in a historically underserved community. The Strand is a mixed-use, mixed-income development featuring an 86-unit midrise building (new construction), new retail space (10,000 SF), and will also include the renovation of a historic theater in Washington, DC’s Deanwood community. In addition, NHPF completed ground-up construction of 41 units of affordable housing at 17 Mississippi Avenue in the Congress Heights area in DC’s Ward 8. It features nine units of permanent supportive housing for people who are experiencing homelessness or who need mental health support.
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NHPF BUILDS THE DISTRICT OF COLUMBIA
17 Mississippi Apartments Affordable Housing in Southeast Washington, DC
Completed in 2023, 17 Mississippi Apartments provides 41 units of newly constructed affordable housing in the Bellevue neighborhood of Southeast Washington, DC. This six-story building—four wood-framed stories on top of a two-story concrete podium—is built into a gently sloping hillside on the south side of Mississippi Avenue and provides 10 on-site parking spaces for its mix of studios, one bedroom, and three bedroom apartments. Anacostia Gardens Nearby to Parks, Recreation Facilities, and Transportation in Washington, DC Anacostia Gardens is a 100-unit market rate property located in Washington, DC’s Fort DuPont neighborhood of Ward 7. The property was built in the early 1960s and consists of one E-shaped building with flat roofs. It is adjacent to the Washington Nationals Youth Baseball Academy and is located in a Qualified Census Tract (QCT). Anacostia Gardens Apartments offers 37 one-bedroom / one-bathroom units, 49 two bedroom / one-bathroom units, and 14 three-bedroom / one and a half-bathroom units. The apartment units have gas heating and hot water, and electric for lights, appliances, and air-conditioning. Each unit has its own heating system and hot water heater. NHPF embarked on a moderate rehabilitation of Anacostia Gardens in early 2020 in order to provide upgrades to all major building systems, as well as refurbishment of the facility’s common areas and exteriors. This rehabilitation improved Anacostia Garden’s long-term financial viability and market appeal, thereby preserving this affordable property for another generation.
Benning Heights Affordable Living in Washington, DC
Benning Heights is a 148-unit all brick, garden style walk-up apartment community. The property is made up of one-, two-, and three-bedroom units, all spread over 24 two-story buildings. Benning Heights is located just minutes from DC’s public transportation system making it an ideal home for commuters. Comfort, convenience, and affordability are waiting for you at Benning Heights Apartments. We take pride
in providing a professional staff and well-manicured grounds.
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NHPF BUILDS THE DISTRICT OF COLUMBIA
The Bobbi 23 Affordable Housing Units Located in the Kalorama Neighborhood of Washington, DC
In late 2023, Embolden Real Estate, LLC (Embolden), a minority- and woman-owned development firm, and NHPF, acquired The Amelia and Paul, a six-story property with 23 apartments located in the Kalorama neighborhood and the Near Northwest Washington, DC Planning Area, one of the District’s priority areas for affordable housing development and preservation, through a TOPA deal. As part of its mission, the property, now known as The Bobbi, will employ certified business entities (CBEs), socially disadvantaged, minority-owned, and small businesses. Renovations are expected to be completed as early as Q4, 2025 and will result in a family-friendly, amenity- and service-enriched building that meets Enterprise Green Community Plus standards. Columbia Heights Village Apartments Affordable High-rise, Garden-style, and Town Homes in Washington, DC Columbia Heights Village is a 406-unit, 31 building apartment development located on 14th Street, NW in the vicinity of Harvard Street and Columbia Road in Washington, DC. The property is composed of three different property types: a ten-story high-rise, garden-style homes, and seven town homes. Fully renovated in 2001, Columbia Heights Village Apartments offers exceptional subsidized housing accommodations in the heart of the vibrant Columbia Heights neighborhood. The community is walking distance to Columbia Heights Metro Station (Green/Yellow line). Elm Gardens Apartments 36 Units of Affordable Housing in the Takoma Neighborhood of Washington, DC Acquired by NHPF in the fall of 2022 via TOPA, Elm Gardens Apartments is a 36-unit naturally occurring affordable property in the bustling Takoma neighborhood of Washington, DC. NHPF’s acquisition of Elm Gardens, in coordination with the Tenants Association, will ensure its continued affordability for many years to come. Elm Gardens consists of one all-brick, 3-story walk-up building with 36 parking spaces. Last renovated in 2000, Elm Gardens was originally built in 1966 and recently added solar panels to the roof. A laundry room is available to residents on-site and the property located one block away from the Takoma Metro station.
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NHPF BUILDS THE DISTRICT OF COLUMBIA
Parkchester Convenience and Comfort in Washington, DC Located at 2704 Wade Road SE, Washington, DC in the Barry Farm
neighborhood, the Parkchester Apartments are in an up-and-coming DC area conveniently located near shopping and public transportation, and across the street from a brand new, state-of-the-art recreation center. The property consists of four garden style apartment buildings, totaling 93 apartment units that will be developed and rehabilitated by NHPF. The property features spacious one-, two-, and three-bedroom apartments, and resident services and programming is provided by Operation Pathways.
Ridgecrest Village Apartments Affordable Housing in Washington, DC
Ridgecrest Village is a 272-unit apartment development located at 2000 Ridgecrest Court, SE in the Congress Heights neighborhood of Washington, DC. The property consists of 1-, 2-, and 3-bedroom units in 13 three-story buildings. Phase 1 of a two-phase renovation was completed in 2024, and Phase 2 is under construction and will be completed in fall 2025.
Takoma Place Apartments Come Home to Takoma Place Apartments in Washington, DC Takoma Place Apartments provides long-term affordable housing in an up and coming Washington, DC neighborhood. Built in 1953, the property consists of seven, four-story apartment buildings. It is located across the street from the former Walter Reed Medical Center, which is being redeveloped into a 3.1 million square foot mixed-use campus. NHPF and the Takoma Place Tenants Association recently partnered to complete a $31.7 million rehabilitation of the property using low income housing tax credits as well as subsidies provided by the DC Government.
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NHPF BUILDS THE DISTRICT OF COLUMBIA
The Roundtree Residences Stylish, Comfortable, and Affordable in Washington, DC The Roundtree Residences is a 91-unit senior housing development in southeast Washington, DC. Construction began in January, 2012 and was completed in March, 2013. The Roundtree Residences is owned in partnership with Vision of Victory CDC (VOV), which is a part of Allen Chapel AME Church, a pillar of the surrounding community. NHPF served as developer of the property in partnership with VOV and District Development Group, LLC, a local for profit development company. The property includes a community room, internet café, exercise room, and an onsite medical clinic for residents. NHPF was committed to having this project contribute to local economic development. 65% of construction sub-contracting was with local (Ward 8), small, or disadvantage business and 15% of labor-hours were with local residents. Both of these were well in excess of local requirements.
The Strand Residences Affordable Housing in Washington’s Deanwood Area
The Strand Residences brings 86 affordable apartments (71 one-bedroom and 15 two-bedroom units) to the Deanwood neighborhood. One-third of the units (or twenty-eight units) are replacement housing for the nearby Lincoln Heights and Richardson Dwelling properties, affordable to households who earn less than 30% of the area median income. The building also has two retail bays for neighborhood-based companies, a gym and bike locker, a patio and lounge, and two large community rooms. The Residences is next door to the Strand Theater, a historic landmark that NHPF is also renovating. Woodmont Crossing Apartments An Affordable Living Environment in Southeast Washington, DC As part of the DC Tenant Opportunity to Purchase Act (TOPA), The Woodmont Crossing United Tenants Association exercised its right and selected NHPF to partner on the acquisition and rehabilitation of the two and three-bedroom unit property. Woodmont Crossing is a 12-building, garden-style property only 5 minutes from downtown DC . Apartments in this gated 176 unit community feature private balconies with patios, walk-in closets, and foyer entries. The grounds include a business center, swimming pool, children’s wading pool and playground.
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NHPF BUILDS THE DISTRICT OF COLUMBIA
NHPF BUILDS Florida
The NHP Foundation (NHPF) is a leading provider of affordable housing in 16 states and the District of Columbia. Our roots in the Sunshine State date back to 1997 with the acquisition and rehabilitation of a trio of affordable housing properties in Tampa, St. Petersburg, and Lauderhill. Since then, the organization has continued to invest in affordable housing in Florida and has developed excellent relationships at the municipal, county and state level, partnering and collaborating on intricate deals that benefit both residents and the surrounding community. NHPF Builds Florida. Our organization currently owns and operates four properties in Florida, representing 908 units of affordable housing set aside for Floridian families. Our focus on providing much needed affordable housing in the booming South Florida market has resulted in successful, sustainable properties in the cities of Sebastian, Boynton Beach, Florida City, and Cutler Bay. These properties provide significant investment in the housing stock of local communities and represent a variety of housing types and architectural styles. Today, NHPF is proud to be undertaking another significant investment in Florida with the substantial redevelopment of Sunset Bay Apartments in Cutler Bay. This $80 million project will preserve 308 units of much-needed affordable housing in the Miami-Dade metro area for another generation. The rehabilitation of Sunset Bay will upgrade all building systems, kitchens, and bathrooms while substantially enlarging the community center and achieving Enterprise Green Community Certification through our efforts at increased sustainability. Construction at Sunset Bay is due to be completed in 2022. We see the path up and out of poverty beginning with multifamily housing enriched with services provided by our subsidiary Operation Pathways—services that families and seniors draw on to expand opportunities for education, financial growth, health and well-being. Preserving and expanding access to affordable housing in the Sunshine State is just one way that NHPF strives to build and preserve more equitable, resilient communities that people can afford.
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NHPF BUILDS FLORIDA
Pelican Isles 925 Pelican Isles Circle, Sebastian, FL 32958 / 150 units
Built in 2005, Pelican Isles is a 12 building, 2-story, garden-style multifamily apartment complex that contains 150 total units over a 17.18 acre parcel located in beautiful Sebastian, Florida. The rental units are composed of spacious one, two, and three bedroom apartment homes. The property borders protected wetlands and is within walking distance of a post office, city hall, police station, Boys and Girls Club, and bus stop. Pelican Isles is just minutes from the St. Sebastian Riverfront Park for fishing, boat launching, and walks on the pier.
Clipper Cove 1500 Southern Cross Lane, Boynton Beach, FL 33436 / 384 units
You will feel like you’re on vacation every single day when you come home to your own private resort-like sanctuary. Please come visit and check out our spacious floor plans; we’re sure that you will want to move in right away. Clipper Cove offers you the chance to luxuriate in 56 acres of lush tropical landscaping, three beautiful lakes, fountains, and picnic areas. With apartments featuring spacious closets and storage, our service oriented staff, and great location just minutes from the Boynton Beach Mall, I-95, Florida’s Turnpike, beaches, and
casual dining, Clipper Cove makes your life easier and more relaxing. Clipper Cove is simply the most affordable value in the Boynton Beach area with the comfort you crave and the convenience you need.
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NHPF BUILDS FLORIDA
Redland Arms 950 W. Davis Parkway, Florida City, FL 33034 / 66 units
Redland Arms Apartments, located in Florida City, Florida, is a 10-building 66-unit, garden-style property featuring a mix of one-, two-, and three- bedroom units. Built in 2002, Redland Arms was a year-15 property that is in its extended use period. Amenities at Redland Arms include a clubhouse (with leasing office, computer room, and exercise room), pool and pool house, covered BBQ area, playground, car-washing station, and basketball half court.
Sunset Bay Apartments 10000 SW 224th Street, Cutler Bay, FL 33190 / 308 units
Sunset Bay Apartments is an affordable one-, two-, and three-bedroom community. It is centrally located in South Miami to area schools, a retail mall, shopping center, and public library. Access to the Florida Turnpike and public transportation are just one block away from the property. Residents enjoy many amenities including a swimming pool, playground, fitness center, computer center, and well-landscaped grounds. Sunset Bay was built in 2001 and had been well- maintained but had building systems that were past their useful life. The property had become dated
in comparison with other properties in the Cutler Bay submarket. The redevelopment of Sunset Bay furthered a successful joint venture between NHPF and TPI, Inc. This rehabilitation preserved the property’s affordability for the long term, increased marketability, and addressed long term capital needs of an existing affordable housing property serving over 500 residents.
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NHPF BUILDS FLORIDA
NHPF BUILDS Texas
Beginning in 1995 with the acquisition of Oak Brook Apartments (since sold) in the greater Houston area, The NHP Foundation (NHPF), a leading provider of affordable housing in 16 states and the District of Columbia, acquired its second and third properties in the City in 2013 and 2014. Since then, NHPF has embarked on a bevy of new construction projects for the neediest citizens of Space City as well as its entry into Austin, TX. Theses early acquisitions were made possible via the outstanding relationships we have cultivated with the City of Houston that flourish today. In 2023, NHPF broke ground on its first housing in Austin, Seabrook Square, in partnership with the Austin Housing Finance Corporation and local developer Capital A Housing. Seabrook Square, consists of 204 new rental apartment homes available to households earning at or below 60% of the Area Median Income (AMI) in East Austin. It will also feature several live-work units for local artists and community serving commercial space for small local businesses. NHPF BUILDS HOUSTON In partnership with the City of Houston, NHPF completed a substantial redevelopment of Cleme Manor, providing ongoing management and security enhancements that have resulted in a 27% decrease in crime in the area. NHPF’s adherence to ESG investment principles has helped Cleme Manor become an integral part of the revitalization of the community. We see the path up and out of poverty beginning with multifamily housing enriched with services provided by our subsidiary Operation Pathways—services that families and seniors draw on to expand opportunities for education, financial growth, health, and well-being. Working with the Houston Housing Authority, Harris County, and the City of Houston Housing and Community Development Department, NHPF has completed construction of three new developments which include a mix of senior living, units of permanent supportive housing, and multifamily units. Preserving and expanding access to affordable housing in the Houston metro area is just one way that NHPF strives to build and preserve more equitable, resilient communities that people can afford.
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NHPF BUILDS TEXAS
NHPF BUILDS HOUSTON
Cleme Manor 5300 Coke Street, Houston, TX 77020 / 284 units
Originally constructed in 1970, Cleme Manor is situated on 12.8 acres east of downtown Houston in the Greater Fifth Ward-Finnegan Park neighborhood. There are 284 residential units in Cleme Manor’s 24-building garden-style community. The surrounding neighborhood is in the midst of a comprehensive City of Houston redevelopment with over $35 million in streetscape improvements, multifamily housing construction, and single-family rehabilitations. Cleme Manor is part of the City’s Tier 1 redevelopment zone, an area which has received targeted city investments. At the time of its acquisition, Cleme Manor had not undergone a comprehensive rehabilitation in over 20
years, and many of the building elements needed to be replaced or rehabbed. A substantial and comprehensive rehabilitation of the property was required. Construction included demolition down to the studs, disposal of asbestos-containing materials, replacement of all windows, doors, existing interior wiring, kitchen and bathroom cabinets, countertops, fixtures, sinks, toilets, 75% of all tubs, re-piping all waterlines, repair and replacement of sewer vent and sanitary piping, replacement of the property’s existing HVAC system with new equipment meeting modern energy efficiency standards, and a complete renovation of the property’s office, laundry and community service areas. The redeveloped property includes ample space for resident services and new landscaping and exterior recreation areas for children and adults. On-site resident services are provided by NHPF’s resident services subsidiary, Operation Pathways. The fulltime Resident Services Coordinator and part-time Food Enrichment Coordinator oversee activities for residents including: · A partnership with the Ligons Movement, a local non-profit, providing meals to children afterschool Monday–Friday · Holiday celebrations
· Senior population events (paint nights, bingo, health & wellness screenings) · Health and wellness screenings with CVS pharmacy and local clinics for residents, both adults and children · Young Audiences weekly meetings for creative engagement for children · Food pantry and housewares offered onsite for residents · A partnership with Share our Strength including a $165,000 grant to support residents
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NHPF BUILDS TEXAS
NHPF BUILDS HOUSTON
Rasmus-Temenos 1703 Gray Street, Houston, TX 77003 / 95 units
Construction on Rasmus-Temenos, a 95-unit Permanent Supportive Housing building, began in the summer of 2021 and was completed in 2024. Rasmus-Temenos is a six-story elevator-served podium building consisting of 95 efficiency apartments, shared space for supportive service programs, and office space for NHPF’s partner in this development, Temenos Community Development Corporation. All units are efficiencies with full kitchens and baths. The building meets ICC 700-2020 National Green Building Standards. The new community space provides a robust permanent supportive services program designed to prevent 95 households from being displaced into homelessness.
Citadel On Elgin 3331 Elgin Street, Houston, TX 77004 / 74 units
Houston’s senior citizens have a new place to call home: Citadel on Elgin. This newly-constructed building features 74 sparkling new studio and one- bedroom apartments in a handsome mid-rise building in Houston’s historic Third Ward. Citadel on Elgin is located near a new light rail stop as well as three separate bus lines, ensuring quick and abundant public transport for residents. Built in partnership with Change Happens Community Development Corporation, Citadel on Elgin serves low- and
moderate-income residents aged 55 years and older. Operation Pathways provides on-site resident services for all residents and Civic Heart provides wraparound case management services for 11 seniors who qualify for Permanent Supportive Housing.
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NHPF BUILDS TEXAS
NHPF BUILDS HOUSTON
RoseMary’s Place Apartments 3300 Caroline Street, Houston, TX 77004 / 149 units
In 2023, NHPF broke ground on new construction to create 149 affordable rental apartments for those
experiencing homelessness in Houston. When completed later in 2024, Rosemary’s Place will also feature offices for Magnificat Houses Inc., a 55-year- old nonprofit which welcomes the unsheltered into a dozen family-style group homes, many proximate to RoseMary’s Place. In easy walking distance are St. Joseph’s Clubhouse, MHI’s accredited psycho-social rehabilitation center which empowers the mentally ill, and the Moran Training Center where residents learn useful skills to foster growth in stability, productivity and independence. The brand new housing in the Midtown area is also conveniently located near a transportation hub and several homeless services providers.
North Post Oak Lofts 1300 North Post Oak Boulevard, Houston, TX / 247 units 1255 North Post Oak Boulevard, Houston, TX / 330 units
In 2019, NHPF worked with the Houston Housing Authority’s Public Finance Corporation to acquire two Class A luxury apartment complexes in the high- opportunity North Post Oak neighborhood. The portfolio consists of 247 units at 1300 North Post Oak and 330 units at North Post Oak Lofts. This public-private partnership with the local housing authority enabled NHPF to significantly increase the buildings’ occupancy while also preserving 51% of the units for households at or below 80% of the AMI, including fourteen apartments serving families earning less than 50% of AMI. The remaining 49% of the units are offered at market-rate rents. Residents include teachers, public safety officers,
and young professionals. These properties are a successful example of mixed-income living that affirmatively furthers fair housing by offering lower income families high-quality housing in an amenity-rich area.
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NHPF BUILDS TEXAS
NHPF BUILDS AUSTIN
As part of NHPF’s mission, we look at markets in need of affordable housing and partners with whom to create it. To be on track to meet its ten-year goal of 60,000 units of affordable housing serving households earning at or below 80% MFI by 2028, Austin needs to have built an additional 10,990 affordable units in this three- year period. Along with Austin Housing Finance Corporation (AHFC) and local developer Capital A, NHPF seeks to help make that happen.
Seabrook Square 3511 Manor Road, Austin, TX 78723 / 204 units
Our first development in the capital of the Lone Star State is Seabrook Square. This new construction project, co-developed with AHFC and Capital A Housing, is currently under construction in the heart of Austin on city-owned land. It will provide 204 much-needed units of affordable housing, ranging from studios to 4-bedrooms. Seabrook Square will be spread across two separate buildings and on-site parking will be provided in a structured garage with 237 parking spaces. The buildings will have laundry facilities and a property management office on-site. In addition to providing affordable housing in a rapidly growing urban area, Seabrook Square will also feature
3,000 square feet of commercial space for two local small businesses: Raasin in the Sun (a local artist and art incubator space) and Origin Studio House (a minority-owned café). The project will also include a public plaza with murals painted by local artists and a rain garden, as well as a community center for local residents.
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NHPF BUILDS TEXAS
NHPF BUILDS Maryland
The NHP Foundation (NHPF) is a leading provider of affordable housing in 16 states and the District of Columbia. Our roots doing business in the Old Line state date to 2013 with our affordable senior housing property at Bolton North in Baltimore. Since 2013, the organization has continued to invest in affordable housing in Maryland and has developed excellent relationships at the municipal, county and state level, partnering and collaborating on intricate deals that benefit both residents and the surrounding community. NHPF builds Maryland. Our organization has been busy acquiring and rehabilitating five additional properties in Maryland serving seniors and families in Baltimore, Cambridge, and Hagerstown. These properties provide significant investment in the housing stock of local communities and represent a variety of housing types and architectural styles, from townhouse-style living to traditional apartment towers to NHPF’s first foray into single-family affordable rental units. Today, NHPF is part of a movement to provide more equitable housing in the state with the acquisition and rehabilitation of Hollander Ridge, 94 units of scattered site housing in high opportunity areas in Baltimore providing the benefits of home ownership without the high barriers to entry. We see the path up and out of poverty beginning with multifamily housing enriched with services provided by our subsidiary Operation Pathways—services that families and seniors draw on to expand opportunities for education, financial growth, health and well-being. Evolving housing in Maryland from restrictive covenants to today’s rich tapestry of choices is just one way that NHPF strives to build and preserve more equitable, resilient communities that people can afford. The organization currently has several more projects in its development pipeline partnering with the Housing Authority of Baltimore. In addition, NHPF is proud to be embarking on the Park Heights project in Baltimore, our first foray into master development. Between the future Park Heights project and the already successful Hollander Ridge development, Maryland is proving to be fertile ground for new and innovative development techniques and practices.
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NHPF BUILDS MARYLAND
Alexander House 7 East Washington Street, Hagerstown, MD 21740 / 95 units
Alexander House was built in 1928 as a hotel in the Renaissance Revival style and renovated in 1978 to accommodate 95 residential units set aside for low income elderly aged 62 and over, and the disabled. NHPF purchased the Alexander House in 2015 to prevent the loss of the affordable housing and worked to secure financing for its renovation which was completed in 2023. The exterior was historically renovated and the residential units were entirely overhauled making for a safer and more energy efficient building all the while maintaining the historical style and integrity. The ten-story property, prominently located in the center of downtown Hagerstown, also includes over 30,000 square feet of commercial and community space.
Bolton North 1600 W. Mount Royal Avenue, Baltimore, MD 21217 / 209 units
Bolton North is a 209-unit senior housing high-rise located close to Baltimore’s scenic Inner Harbor. This senior-housing community is situated in the historic and thriving Bolton Hill neighborhood, a community known for its tranquil, tree-lined streets populated by restored mid to late 19th-century three- and four-story townhouses, urban mansions, churches, and public buildings.
Bolton North, purchased with our development partner Urban Atlantic through the PNC fund in 2014, underwent a moderate rehabilitation, handled as a tenant in place relocation. It included four primary scopes of work: windows in the entire building were replaced from the inside; fire sprinkler systems were extended into every unit; basic unit work was be done in about a third of the units (e.g. replacing light fixtures, cabinets, and appliances); 11 units were converted into barrier-free units.
Calvin Mowbray Park & Stephen Camper Park 700 Weaver Avenue, Cambridge, MD 21613 / 190 units
The Housing Authority of the City of Cambridge, Maryland (CHA), made the decision to participate in the Rental Assistance Demonstration (RAD) Program administrated by HUD in order to substantially rehabilitate this aging portfolio of 190 units which NHPF is managing as an on-site relocation. HUD created the RAD Program to foster public and private partnerships that are capable of completing renovations on a large scale. As a result, CHA has partnered with The NHP Foundation and a local developer to undertake a comprehensive rehabilitation of the property with LIHTC. Calvin Mowbray Park & Stephen Camper Park was purchased in 2016 and completed a substantial renovation in 2019. The property was built in 1972 and 1973 by the Housing Authority of Cambridge and contains a total of 88 buildings featuring 190 units from one- to five-bedrooms. The property’s renovated units feature kitchen upgrades, installations of washers and dryers, bathroom upgrades, and much more.
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NHPF BUILDS MARYLAND
Hollander Ridge 3000 Rockwood Avenue, Baltimore, MD 21237 / 94 units
Working with the Housing Authority of Baltimore City, NHPF acquired and undertook a major rehabilitation of Hollander Ridge, a 94-unit, single-family home RAD redevelopment available to families who earn 60% of AMI or less in Baltimore City, Maryland. These homes are in neighborhoods described as areas of high opportunity, with strong and diverse communities, high performing schools, low crime,
low rates of poverty and neighborhood amenities including access to grocery stores, medical facilities and community centers. The single-family housing types are representative of the City’s architectural diversity which includes townhomes, single-family detached and semi-detached homes. Since all residents were newly moving in from other housing, no relocation efforts were involved. The acquisition and redevelopment costs of the Hollander Ridge development totaled $41 million.
Overlook Manor Townhouses 121 Tillman Place, Frederick, MD 21703 / 63 units
Overlook Manor was acquired on November 24, 2020 and recently completed a substantial rehabilitation using a HUD- insured mortgage, short-term tax-exempt bonds and Low- Income Housing Tax Credits. The property was built in 1985 and contains 63 townhouse units in 9 buildings (plus an office). The rehab work included replacement of most kitchen and bathroom components, HVAC equipment, water heaters, windows, light
fixtures and flooring. Substantial work was also done to the building exteriors, such as replacement of all roofs that weren’t replaced in the last few years and patching/seal coating of the parking lots. In addition, one-bedroom extensions were added to the first floor of 4 end units to create barrier free (ADA) units.
The Residences at Pine Knoll 30475 Pine Knoll Drive, Princess Anne, MD 21853 / 120 units
This tax credit property has 120 LIHTC units with 54 units covered by a Section 8 contract, each featuring two, three or four bedrooms. NHPF acquired the garden-style property in 2018 and committed to providing updated kitchens, baths, major HVAC systems, and in some cases, additional bedrooms to provide increased accessibility. The Residences at Pine Knoll is now an energy-efficient
property in compliance with Enterprise Green Standards, and the property also benefits from resident services via NHPF’s subsidiary, Operation Pathways. Community amenities include a freestanding brick clubhouse with leasing offices, on-site laundry facility, business center and fitness center, along with a large central playground. The clubhouse is used to provide after-school and summer day care and activities for resident’s children. A small additional building houses the maintenance office and shop. The renovation of The Residences at Pine Knoll was completed in 2022, with 100% of residents being relocated on site during the rehabilitation.
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NHPF BUILDS MARYLAND
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