NHPF BUILDS New York
Headquartered in the Empire State, The NHP Foundation (NHPF), a leading provider of affordable housing in 16 states and the District of Columbia, also counts five New York properties in its portfolio, cementing our status as a foremost developer of affordable housing in the nation’s largest metropolitan market. Our history in the State dates back to 2012 with the acquisition of Plaza Borinquen Apartments in the Bronx. This transaction was followed by Ennis Francis Apartments (2016) in Manhattan, Shore Hill (2018) in Brooklyn and two other Brooklyn properties, Sunset Gardens and Harbor Hill in 2019. This eclectic set of properties includes the 88 townhomes of Plaza Borinquen, Ennis Francis’ 220 units in New York’s renowned Harlem neighborhood, and the 558 units offered by Shore Hill Housing in Brooklyn.
NHPF Builds New York.
NHPF’s successful work in New York is based in large part on our organization’s skill in partnering with other community-based partners, developments, and non-profits, as well as completing complex financial transactions from beginning to end. For example, NHPF partnered with Jonathan Rose Companies, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multi-family real estate to purchase Shore Hill Housing. The two most recent acquisitions NHPF has completed in New York, Sunset Gardens and Harbor Hill, 81 and 87 units of senior housing respectively, were also purchased in partnership with Jonathan Rose Companies. These two HUD project-based Section 8 Housing senior properties in the Sunset Park section of Brooklyn were purchased from NYU Langone and are scheduled to undergo substantial rehabilitation in 2022. 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.
NHPF BUILDS NEW YORK
Plaza Borinquen Apartments 471 East 137th Street, Bronx, New York 10454 / 88 units Originally constructed in 1975, Plaza Borinquen 88 is located in the Mott Haven section of the Bronx, a borough of New York City. Totaling 88 units, the Plaza Borinquen 88 apartment community is designed as groups of triplex townhomes on three scattered sites. The cohesion of the complex is reinforced by red brick exterior facades, a shared open courtyard between
the three sites, separately gated patio areas, and well landscaped common exterior spaces throughout. Plaza Borinquen 88 has benefited from a major redevelopment including deep repair and major renovations.
Ennis Francis Apartments 2070 7th Avenue, New York, NY 10027 and 225 West 123rd Street, New York, NY 10027 / 220 units Located in the heart of one of New York’s most renowned neighborhoods, Harlem, these two apartment buildings boast 220 affordable apartments. Just minutes from three major airports and multiple commuter lines, Ennis Francis combines affordability with convenience. Shore Hill Housing 9000 Shore Rd, Brooklyn, NY 11209 / 558 units Shore Hill Housing is a two-building, HUD project-based Section 8 Housing complex located in the Bay Ridge section of Brooklyn. The property consists of two interconnected 14-story towers totaling 414,127 square feet built in 1977 and set on 2.69 acres. The unit mix includes 325 studios and 233 one-bedrooms.
NHPF BUILDS NEW YORK
Harbor Hill 5613 2nd Avenue, Brooklyn, NY 11256 / 94 units
Harbor Hill is a seven-story 87-unit Senior property built in 1994 located in the Sunset Park section of Brooklyn. The property offers resident spacious units in a mid-rise, elevator-serviced community with a generous common area used for community events and gatherings. Conveniently located in Brooklyn with a short walk to the N and R trains, the community is an easily accessible 20 minutes to Manhattan and the other boroughs, major highways, and metro area airports. The property is set to undergo major renovations beginning in 2022.
Sunset Gardens 405 44th Street, Brooklyn, NY 11220 / 63 units Built in 2007, Sunset Gardens is an 81 unit mid-rise senior affordable property located in the Sunset Park section of Brooklyn. The property consists of spacious one-bedroom apartment units in an elevator serviced community with a generous common area used for community events and gatherings. Sunset Gardens is conveniently located in Brooklyn with a short walk to the N and R trains. The community is an easily accessible 20-minutes to Manhattan and the other
boroughs, major highways, and metro area airports. The property is also located just steps from Sunset Park, which embraces a state-of-the-art swimming pool, green fields, pedestrian walkways, a recreation center, and a living memorial commemorating 9/11. Sunset Gardens is set to undergo major renovations beginning in 2022.
NHPF BUILDS NEW YORK
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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