2024 Project Highlights
DANVILLE HOUSE In 2024,NHPF acquired the historic Danville House for $13.7 million from HallKeen Management. This acquisition marks NHPF’s fourth venture in Virginia, demonstrating its commitment to expanding affordable housing options in the region. The purchase was funded by assuming an existing HUD/ FHA 223(f) loan and utilizing $8.1 million in corporate bond proceeds from NHPF as an equity contribution. Danville House, located in the heart of the Downtown Danville Historic District, is a 106-unit 100% Section 8 senior community restricted to individuals aged 62 and over. The property consists of two historic buildings: a ten story Neo- Adamesque structure originally constructed as “Hotel Danville” in 1926, and a three-story former city market building dating back to 1890. Both buildings have been adapted for senior housing and are listed on the National Park Service’s National Register of Historic Places.
CURTIS COFIELD II ESTATES This transformative project will deliver 56 much-needed affordable apartments to the vibrant West River community, including 14 supportive housing units. The $20.2 million new construction, situated on vacant land purchased from the City of New Haven, signifies NHPF’s inaugural venture into the city, in partnership with West River SHIP. Sustainability is a cornerstone of the project, with all buildings constructed to Zero Energy Ready Home and Passive House Design standards, promoting energy efficiency and conservation. This new affordable housing caters to low-income households at or below 60% of the Area Median Income (AMI) as well as 100% AMI to address affordable housing for the “Missing-Middle” or middle- income residents; both important State initiatives. Columbus House, which serves people experiencing homelessness or at imminent risk will provide services for the 14 supportive housing units. NHPF’s resident services subsidiary, Operation Pathways, will provide resident services and a Resident Services Coordinator for the property.
SEABROOK SQUARE NHPF’s first development in Austin, TX is Seabrook Square. This new construction project, co-developed with the Austin Housing Finance Corporation (AHFC) and local developer Capital A Housing, is located 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. Construction began in 2024 and is scheduled to be completed in mid-2026.
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