Leading Forward
IN 2020, NHPF met the pandemic head-on with intelligence, hard work, and grace. Our development, acquisition, asset management, and resident services teams never lost sight of goals and aspirations and we therefore found ourselves still completing large-scale developments and rehab projects all the while keeping residents safe and housed. All of this has been made possible by an attitude from top to bottom of “leading forward.” Some of the best examples of leading forward in 2020 include: • Acquisition and redevelopment of the organization’s first single- family rental home affordable housing transaction (Hollander Ridge in Baltimore, Maryland) • Establishment of an organization-wide Race and Social Justice Initiative (RSI) with internal and external efforts to address longstanding racial equity injustices. The various sub-committees are tackling everything from employee and vendor hiring practices to internal and external communications • Acquisition and redevelopment of our first property in Boston, Massachusetts (Blue Mountain Apartments) • Opening of the Mark Twain Hotel in Chicago, recipient of a 2020 Landmarks Illinois Richard H. Driehaus Foundation Preservation Award and a Gold Best Green Initiative Award from Multihousing News • Acquisition and redevelopment of our first South Carolina property (Victoria Gardens Apartments in Spartanburg, South Carolina) • Successful pivot to an all virtual format for our 4th annual Symposium Growing Up & Out of Poverty: Why Housing Matters which drew 91 corporate sponsors and over 400 attendees during a year when Covid-19 prevented most live events • $11.5 million award to NHPF from The City of Houston Housing and Community Development to construct replacement units of permanent supportive affordable housing in disaster relief funds for three new projects in Houston that NHPF will take on in 2021 including our first new PSH construction in Houston and new construction of a senior property • Pursuing a $5.5M grant from the Treasury Department’s Capital Magnet Fund (CMF) to continue our work preserving and creating affordable rental housing throughout the U.S. As we all adapt to our brave new world, stronger, smarter, more empathetic, and more resilient, we look forward to what 2021 will bring.
Richard F. Burns
Ralph F. Boyd, Jr.
Richard F. Burns
Ralph F. Boyd, Jr.
NHPF President & Chief Executive Officer
Chair
The NHP Foundation | Fiscal Year 2020 Annual Report 3
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