3
growth
SHIPS COVE, MASSACHUSETTS
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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