NHPF Builds Virginia

NHPF BUILDS Virginia

The NHP Foundation (NHPF) is a leading provider of affordable housing in 15 states and the District of Columbia. Our work in the Old Dominion state includes the important affiliate development, Winter Hill Apartments, senior affordable housing in Falls Church. Since 2011, NHPF has continued to invest in affordable housing in Virginia including acquisition and preservation of three additional properties, Hollybrook II and III and Berkley Square. NHPF Builds Virginia. Most recently, The City of Falls Church was selected by the Virginia Housing Development Authority (VHDA) to receive $3,750,000 in Amazon grants for affordable housing initiatives through the Resources Enabling Affordable Community Housing in Virginia (REACH) Virginia Program. The City will receive $3,400,000 for a new affordable housing homeownership program which will be directly managed by The NHP Foundation (NHPF) via its local CDC Falls Church Housing Corporation with support from the City’s Housing and Human Services Department. The City estimates that with this funding, 18 qualified first-time home buyers will be able to purchase rehabilitated homes through NHPF for approximately $425,000 to $525,000. The program maximizes homeowner affordability and sustainability using Virginia Housing Special Lending Programs and mortgage credit certificates, and local down payment assistance.

Winter Hill Apartments 330B S. Virginia Avenue, Falls Church, VA 22046-4145 / 83 units

NHPF is pleased to announce its first affiliate under the new NHPF Affiliate Program: FCHC Virginia Community Development Corporation (FCHC). The NHPF Affiliate Program brings NHPF’s managerial strength in finance, asset management, resident services, and fundraising to local housing programs that cannot support the breadth or depth of staff needed to continue. The housing programs that affiliate with NHPF realize cost savings and gain the expertise needed to sustain and grow their operations. FCHC Virginia Community Development

Corporation, is the first affiliate to align with NHPF. Its agreement with NHPF took effect on June 28, 2011. A 30-year-old organization with a history of public/ private partnerships, FCHC operates properties with a total of 87 units for seniors and low- to moderate-income residents of Virginia.

NHPF BUILDS VIRGINIA

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

Page 1 Page 2 Page 3

nhpfoundation.org

Powered by