NHPF Builds Maryland


The NHP Foundation (NHPF) is a leading provider of affordable housing in 16 states and the District of Columbia. Our roots doing business in the Old Line state date to 2013 with our affordable senior housing property at Bolton North in Baltimore. Since 2013, the organization has continued to invest in affordable housing in Maryland and has developed excellent relationships at the municipal, county and state level, partnering and collaborating on intricate deals that benefit both residents and the surrounding community.

NHPF builds Maryland.

Our organization has been busy acquiring and rehabilitating five additional properties in Maryland serving seniors and families in Baltimore, Cambridge, and Hagerstown. These properties provide significant investment in the housing stock of local communities and represent a variety of housing types and architectural styles, from townhouse-style living to traditional apartment towers to NHPF’s first foray into single-family affordable rental units. Today, NHPF is part of a movement to provide more equitable housing in the state with the acquisition and rehabilitation of Hollander Ridge, 94 units of scattered site housing in high opportunity areas in Baltimore providing the benefits of home ownership without the high barriers to entry. 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. Evolving housing in Maryland from restrictive covenants to today’s rich tapestry of choices is just one way that NHPF strives to build and preserve more equitable, resilient communities that people can afford. The organization currently has several more projects in its development pipeline partnering with the Housing Authority of Baltimore. In addition, NHPF is proud to be embarking on the Park Heights project in Baltimore, our first foray into master development. Between the future Park Heights project and the already successful Hollander Ridge development, Maryland is proving to be fertile ground for new and innovative development techniques and practices.

Alexander House 7 East Washington Street, Hagerstown, MD 21740 / 95 units

Alexander House was built in 1928 as a hotel in the Renaissance Revival style and renovated in 1978 to accommodate 95 residential units set aside for low income elderly aged 62 and over, and the disabled. If you are looking for affordable living in a trendy area make Alexander House your new home. Our spacious floor plans, professional staff, and location will make coming home a vacation. The ten-story property, prominently located in the center of downtown Hagerstown, also includes over 30,000 square feet of commercial and community space.

Bolton North 1600 W. Mount Royal Avenue, Baltimore, MD 21217 / 209 units

Bolton North is a 209-unit senior housing high-rise located close to Baltimore’s scenic Inner Harbor. This senior-housing community is situated in the historic and thriving Bolton Hill neighborhood, a community known for its tranquil, tree-lined streets populated by restored mid to late 19th-century three- and four-story townhouses, urban mansions, churches, and public buildings.

Bolton North, purchased with our development partner Urban Atlantic through the PNC fund in 2014, underwent a moderate rehabilitation, handled as a tenant in place relocation. It included four primary scopes of work: windows in the entire building were replaced from the inside; re sprinkler systems were extended into every unit; basic unit work was be done in about a third of the units (e.g. replacing light xtures, cabinets, and appliances); 11 units were converted into barrier-free units.

Calvin Mowbray Park & Stephen Camper Park 700 Weaver Avenue, Cambridge, MD 21613 / 190 units

The Housing Authority of the City of Cambridge, Maryland (CHA), made the decision to participate in the Rental Assistance Demonstration (RAD) Program administrated by HUD in order to substantially rehabilitate this aging portfolio of 190 units which NHPF is managing as an on-site relocation. HUD created the RAD Program to foster public and private partnerships that are capable of completing renovations on a large scale. As a result, CHA has partnered with The NHP Foundation and a local developer to undertake a comprehensive rehabilitation of the property with LIHTC. Calvin Mowbray Park & Stephen Camper Park was purchased in 2016 and completed a substantial renovation in 2019. The property was built in 1972 and 1973 by the Housing Authority of Cambridge and contains a total of 88 buildings featuring 190 units from one- to ve-bedrooms. The property’s renovated units feature kitchen upgrades, installations of washers and dryers, bathroom upgrades, and much more.


Hollander Ridge 3000 Rockwood Avenue, Baltimore, MD 21237 / 94 units

Working with the Housing Authority of Baltimore City, NHPF acquired and undertook a major rehabilitation of Hollander Ridge, a 94-unit, single-family home RAD redevelopment available to families who earn 60% of AMI or less in Baltimore City, Maryland. These homes are in neighborhoods described as areas of high opportunity, with strong and diverse communities, high performing schools, low crime, low rates of poverty and

neighborhood amenities including access to grocery stores, medical facilities and community centers. The single-family housing types are representative of the City’s architectural diversity which includes townhomes, single-family detached and semi-detached homes. Since all residents were newly moving in from other housing, no relocation efforts were involved. The acquisition and redevelopment costs of the Hollander Ridge development totaled $41 million.

Overlook Manor Townhouses 121 Tillman Place, Frederick, MD 21703 / 63 units

Overlook Manor was acquired on November 24, 2020 and is planned for a moderate rehabilitation using a HUD-insured mortgage, short-term tax-exempt bonds and Low-Income Housing Tax Credits. The property was built in 1985 and contains 63 townhouse units in 9 buildings (plus an office). The moderate rehab would include replacement of most kitchen and bathroom components, HVAC equipment, water heaters, windows, light

fixtures and flooring. Substantial work would also be done to the building exteriors, such as replacement of all roofs that haven’t been replaced in the last few years, and patching/seal coating of the parking lot. In addition, extensions would be added to the first floor of three end units to create barrier free (ADA) units.

Princess Anne Townhouses 30475 Pine Knoll Drive, Princess Anne, MD 21853 / 120 units

This year-15 tax credit property has 120 LIHTC units with 54 units covered by a Section 8 contract, each featuring two, three or four bedrooms. NHPF acquired the garden-style property in 2018 and committed to providing updated kitchens, baths, major HVAC systems, and in some cases, additional bedrooms to provide increased accessibility. This renovation will provide temporary onsite relocations for all residents.

Post-rehabilitation Princess Anne will be an energy-efficient property in compliance with Enterprise Green Standards, and the property will also benefit from resident services via NHPF’s subsidiary Operation Pathways. Community amenities include a freestanding brick clubhouse with leasing offices, on-site laundry facility, business center and fitness center, along with a large central playground. The renovation of Princess Anne will be completed in 2022, with 100% of residents being relocated on site during the rehabilitation.


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.


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