NHPF Annual Report 2010




TO EXPLORE AREAS FOR GROWTH, a New Business Development team was formed. With the addition of Neal T. Drobenare, whose career

has centered on real estate development, and Frank P. Cerbini, whose

career includes the preservation and development of affordable housing

nationwide, the search for fresh opportunities began.

In New York, NHPF was named a Qualified Developer, allowing it to

participate in the New York City Housing Preservation and Development

Multifamily Program. In Washington, DC, NHPF formed a partnership with

Vision of Victory Community Development Corporation to serve as a

general partner, co-developer, and co-owner of Alabama Avenue Senior

Housing: a 91-unit new construction high-rise for low-income seniors.

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