NHPF Builds

NHPF BUILDS Virginia

The NHP Foundation (NHPF) is a leading provider of affordable housing in 15 states and the District of Columbia. NHPF is dedicated to preserving and creating sustainable, service- enriched multifamily housing, and single-family homes that are both affordable to low and moderate income families and seniors, and beneficial to their communities. NHPF’s Construction Management Group provides in-house resources dedicated to infrastructure review, infrastructure development and costs management. 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 61 properties, including over 10,000 units, in 16 states and the District of Columbia. Our work in Virginia includes the important affiliate development, Winter Hill Apartments, senior affordable housing in Falls Church. Since 2011, NHPF has continued to invest in affordable housing in Virginia including exploring new acquisition and preservation opportunities in Northern and Southeast Virginia. NHPF Builds Virginia. Most recently, The City of Falls Church was selected by the Virginia Housing Development Authority (VHDA) to receive Amazon grants for affordable housing initiatives through the Resources Enabling Affordable Community Housing in Virginia (REACH) Virginia Program. The City will receive $3,400,000 for a new affordable housing homeownership program which The NHP Foundation (NHPF) will manage via its local CDC Falls Church Housing Corporation. The City’s Housing and Human Services Department will provide additional funding and homebuyer coordination. The City estimates that with this funding, 18 qualified first-time home buyers will be able to purchase rehabilitated homes through NHPF for approximately $425,000 to $525,000. The program maximizes homeowner affordability and sustainability using Virginia Housing Special Lending Programs and mortgage credit certificates, and local down payment assistance.

NHPF BUILDS VIRGINIA