NHPF’s 7th Annual Symposium

Excitement is building for this year’s Symposium, The Future of Affordable Housing: Interconnecting Construction, Demographics, Government, and Innovation, We hope you can join us there! We are pleased to announce the addition of Cindy Frewen, nationally recognized futurist and architect who will discuss factors shaping the affordable housing of the future and actions we should all be taking.

Cindy Frewen joins a program that also includes a keynote address from Wemimo Abbey, Co-Founder & Co-CEO of Esusu, the leading financial technology company helping individuals save money and build credit as well as forward-thinking presentations by the following important voices in the future of affordable housing:

Philip Bump, a National Columnist for The Washington Post and author of The Aftermath: The Last Days of the Baby Boom and the Future of Power in America. Bump’s expertise in analyzing and deciphering demographics and their place in future societal and policy decisions is unparalleled.

Roger Krulak, CEO, FullStack Modular, a construction leader and sought after industry expert at the forefront of using modular materials in affordable housing and other building.

Garet Marr, Managing Director, Franklin Street Insurance Services. Any conversation about the future of affordable housing must include how such housing will be insured and protected. Franklin Streeet’s forecasting and research knowledge defines industry “best practices.”

Donahue Peebles III, Chairman, Legacy Real Estate Development, represents the next generation of affordable housing innovation, advancing projects through the development process via strategic partnerships, management, and community engagement.

NHPF Transaction News

17 Mississippi
The NHP Foundation (NHPF) opened the doors to its thirteenth affordable housing development in the District June 14, 17 Mississippi Apartments, with a celebration including community members, District housing officials, and an exhibit of local art. Funding for the $22.9M development included $9.1M from DC Department of Housing and Community Development’s (DC DHCD) Housing Production Trust Fund, with Citi Community Capital providing $4.3M in permanent debt, and $8.8M in 4% Low Income Housing Tax Credits (LIHTC) provided by WNC & Associates, Inc. 17 Mississippi Apartments offers a mix of studios, one bedroom, and three-bedroom apartments to families and individuals with demonstrated need. Nine of the 41 apartments will provide permanent supportive housing for people who are experiencing homelessness or are in need of mental health support.

Alexander House
NHPF’s Hagerstown, MD property is a rehab of a hotel build in 1928 in the Renaissance Revival style. The property offers 68 studio and 27 one-bedroom subsidized housing for seniors and resident with disabilities who are income-qualified. The beautiful building was completed in May and is now 100% rented.

The Bobbi
With our partner Embolden Real Estate, LLC. NHPF purchased an interest in the managing member, of 2151 California Street NW, which will be known as “The Bobbi,” a 23-unit complex built in 1920 in the historic Kalorama neighborhood of DC. The redevelopment plan calls for a substantial renovation to this TOPA transaction in a high-opportunity area with little to no affordable housing, that will also provide coveted 3-bedroom units.

NHPF is excited to be working with Embolden, owned by Ronnie Slamin. This is Emboldens’ first LIHTC transaction and Slamin will be working closely with the development team to complete the rehabilitation of the property. This is an opportunity for NHPF to provide technical assistance to a young minority-owned development company and create long-term affordability in the Kalorama neighborhood.