NHPF BUILDS North Carolina
In the Tar Heel state, The NHP Foundation (NHPF), a leading provider of affordable housing in 15 states and the District of Columbia, began local operations in 2001 with a trio of properties in the City of Charlotte. Since that time, NHPF has continued to provide affordable housing in the Charlotte region and currently owns two affordable housing properties. The Pines at Carolina Place, acquired in 2016, consists of 200 units for families in Pineville, a cozy suburb of Charlotte. LaSalle at Lincoln Heights, acquired in 2017, offers 60 units of affordable housing for seniors in the City of Charlotte. In addition to the acquisition and preservation of these invaluable affordable housing resources, NHPF is investigating the possibility of expanding both properties, thereby expanding opportunities for affordable living for families and seniors in the Charlotte region. NHPF Builds North Carolina. NHPF’s two North Carolina properties feature on-site resident services provided by NHPF’s subsidiary, Operation Pathways. Operation Pathways, Inc. has been selected as the first Certified Organization for Resident Engagement & Services (CORES) by the Stewards of Affordable Housing for the Future (SAHF). The CORES Certification recognizes organizations that have “developed a robust commitment, capacity, and competency in providing resident services coordination in affordable rental housing.” We see the path up and out of poverty beginning with multifamily housing enriched with services provided by our subsidiary Operation Pathways—services that families and seniors draw on to expand opportunities for education, financial growth, health and well-being. Through Family-Centered Coaching, Operation Pathways engages with, and assists, families experiencing poverty and other hardship, to problem-solve together. Preserving and expanding access to affordable housing in North Carolina is one way that NHPF strives to build and preserve more equitable, resilient communities that people can afford.
The Lasalle at Lincoln Heights 2120 LaSalle Street, Charlotte, NC 28216 / 60 units
NHPF purchased this 60-unit, senior LIHTC property in Charlotte, NC in 2017 from a struggling Community Development Corporation in order to stabilize and upgrade the property. NHPF plans to move forward with a second-phase, $20 million redevelopment of LaSalle which will include the addition of 58 rental townhomes and duplex units around the property as well as rehabilitation of the existing senior building.
Pines at Carolina Place 12600 Windy Pines Way, Pineville, NC 28134 / 200 units
The Pines at Carolina Place is located in Pineville, the largest and arguably best suburb of Charlotte, North Carolina. Situated on ten acres with 389 parking spots, its 200 garden-style apartments offer one-, two-, and three-bedroom units. Apartment features include balconies, patios, walk-in closets and central AC. The Pines at Carolina Place has exceptional access to top-rated public schools, healthcare providers, shopping/dining options and employment hubs. Pines at Carolina Place consists of 36 one- bedroom units, 116 two-bedroom units, and 48
three-bedroom units. All units were financed through the Low Income Housing Tax Credit Program. All of the current households are at or under 60% AMI, making them income-eligible for tax credits.
NHPF BUILDS NORTH CAROLINA
Mission The NHP Foundation is a not-for- profit real estate organization dedicated to preserving and creating sustainable, service- enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities.
Vision A future where communities flourish because attractive, sustainable housing options and life-enhancing services are ensured for income-challenged Americans.
Values NHPF seeks to promote greater diversity, inclusion, racial equity, and social justice in addition to its long-established mission of providing sustainable, service- enriched affordable housing. NHPF is committed to increasing access to opportunities for historically underrepresented individuals and businesses in the development and operation of affordable housing communities.
122 EAST 42ND STREET, SUITE 4900, NEW YORK, NY 10168 (HEADQUARTERS) 1090 VERMONT AVENUE, NW, SUITE 400, WASHINGTON, DC 20005 159 N SANGAMON STREET, SUITES 200 & 300, CHICAGO, IL 60607 1501 ST. PAUL STREET, SUITE 128, BALTIMORE, MD 21202 nhpfoundation.org
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