NHPF Annual Report 2010


2010 WAS A PIVOTAL YEAR FOR THE NHP FOUNDATION. New staff and board members provided the ideas, insights, and expertise needed to help this seasoned affordable housing organization respond to a shifting economic landscape.

Effecting change meant focusing attention on improving all aspects of our operations. Practically speaking, this meant ensuring that:

• our real estate portfolio performed well • our properties were managed carefully • marketing to future residents was effective • resident services were well-executed

Equally important was the re-balancing of our real estate portfolio. To better concentrate our assets, a few properties were sold while a number of properties were rehabilitated to meet the affordable housing needs of the residents we serve. In the course of 2010, NHPF proved that it could continue to be a vibrant and effective player in the development, rehabilitation, and management of affordable housing for low- to moderate-income families and seniors. We are committed to making changes that will allow us to continue creating and maintaining affordable housing properties that are broadly accessible to low- to moderate-income families and seniors. We invite you to join us in seeking out opportunities to create vibrant communities.

Richard F. Burns Chief Executive Officer

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