Letter from Our President & CEO
Dear Friends,
2024 was a year of remarkable progress and purpose for The NHP Foundation. We began the year breaking ground on Seabrook Square in Austin, TX—our first affordable housing development in the city—bringing 204 newly constructed rental homes to a growing community in need. We closed out the year in Roxbury, MA, with the Ribbon-Cutting of Blue Mountain Apartments, a thoughtful rehabilitation of 19 historic buildings originally constructed between 1910 and 1930. This blend of preserving legacy structures and building new from the ground up represents the essence of NHPF’s mission. We are deeply committed to restoring and preserving the architectural fabric of communities while also expanding housing through strategic new construction in high-need, high opportunity markets. Throughout 2024, we expanded our footprint and deepened our expertise. We acquired the historic Danville House Senior Living Community and New Port Antonio properties—both emblematic of our focus on legacy preservation. At the same time, we entered Colorado with a bold step forward: building new workforce housing in the state’s mountain resort region to meet critical local needs. Our approach is intentional and research-driven. We are concentrating our efforts in markets where we can deliver the greatest impact—economically, efficiently, and with an unwavering standard of design excellence that uplifts every community we serve. As I begin my tenure as President and CEO, I remain committed to ensuring NHPF continues to thrive—for the residents who call our properties home, for our stakeholders and partners, and for our dedicated team. We are navigating a time of uncertainty with potential cuts to HUD, Treasury, and other key federal programs. Yet our resolve remains strong. We are redoubling efforts to make sound, strategic development decisions and to manage our resources wisely. We will continue building the partnerships that are the cornerstone of our success and keep a vigilant eye on the policies and decisions that shape our work. Together, we can continue creating housing that not only shelters but strengthens.
ERIC W. PRICE President & Chief Executive Officer
With gratitude,
Eric Price, President & CEO The NHP Foundation
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