IN EARLY 2011, The NHP Foundation launched a new initiative in its ongoing and vital work to preserve affordable housing—The NHPF Af liate Program. The goal of the Af liate Program is to nd potential under-resourced mission aligned joint ventures who lack the resources, manpower, expertise and/or nancial statement to renovate existing assets or develop new properties. The NHPF Affiliate Program Sharing knowledge and opportunities across the not-for-profit housing community
“In formalizing the NHPF Af liates Program we are bringing energy, relationships, and scal know-how, and expertise to those who might not be able to continue without it. This is a meaningful way of meeting our mission, and making an even deeper commitment to the eld of affordable housing.” THOMAS A. CARR, TRUSTEE EMERITUS, NHPF BOARD OF TRUSTEES
THESE INCLUDE: • A ffordable housing developers/owners • H ousing finance agencies
• Housing authorities • Tenant associations • F aith-based and other municipal and community organizations Once these entities seek us out we look to undertake projects in our service areas where we can be a value-add as a joint venture partner. A friendly introduction is all we need to get a project/collaboration going and initiate a productive, mutually-bene cial relationship. To date the organization has successfully created 16 properties totaling $415 million. The Af liate Program measures success when our joint venture results in the creation or preservation of an affordable housing development with support from the community. That is how we “add capacity throughout the not-for-profit sector.” Many developers are able to partner with not-for-pro ts to simply get a project done; few invest in the development’s long-term sustainability the way the Af liate Program model does. Those who af liate with NHPF gain a strong nancial partner, realize cost savings, and acquire the expertise they need to support, and in many cases grow, their operations. THE NHPF’S AFFILIATE PROGRAM PROVIDES: • T echnical and operational assistance to not-for-pro t housing organizations to build their capacity and better serve their communities
• A ccess to pre-development and investment capital for affordable housing
• O pportunities to joint venture with a leading, nationally recognized affordable housing not-for-pro t to provide safe, clean housing for low to moderate income families and seniors • H ands-on support throughout the process and long after the project has completed
12 • The NHP Foundation: Affordable Housing Blueprint
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