 | | |  | Announcing the 2024 NHPF Symposium We are pleased to announce Adapting Affordable Housing to the New Realities, the 8th Annual NHPF Symposium, scheduled for Wednesday, October 16 at Union Station in Washington, DC. The bipartisan event will honor a senator from either side of the aisle, Sherrod Brown (D-OH) and Darin LaHood (R-IL), and explore three key themes: - Addressing Urban Challenges: The Intersection of Race, Crime, and Affordable Housing
- New Financial Partnering Strategies: “Beyond LIHTC”
- Innovations in Boosting Supply and Sustainability: Doing More With Less
Stay tuned for more information. | | | |  | NHPF Transaction News West River SHIP and NHPF held a groundbreaking ceremony for Reverend Curtis M. Cofield II Estates in New Haven, CT. The occasion marked the start of construction on a transformative project that will deliver 56 much-needed affordable apartments to the vibrant West River community, including 14 supportive housing units. The $20.2 million project is scheduled to be completed by March 2025. This new construction, situated on vacant land purchased from the City of New Haven, signifies NHPF's inaugural venture into the city, in partnership with West River SHIP. Speakers at the event included the President of West River SHIP, as well as New Haven Mayor Justin Elicker; New Haven Board of Alders President Tyisha Walker-Myers; State Representative Patricia Dillon; Suzanne Piacentini, CT Field Office Director, U.S. Department of Housing and Urban Development; and Dr. Karen DuBois-Walton, President, Elm City Communities/Housing Authority of the City of New Haven. Dr. Karen DuBois-Walton summed up the development this way: “As a moving to work public housing authority, we administer federal funding made possible though HUD. Most of this funding goes to providing tenant based subsidies that allow families to lease in the private market. But annually we set aside a portion of that funding to use in connection with development projects like this one. The addition of our funding allows units to be more deeply affordable reaching an income bracket that desperately needs more quality housing options.” Seabrook Square, East Austin, TX
NHPF broke ground in January on Seabrook Square, 204 new rental apartment homes available to households earning at or below 60% of the Area Median Income (AMI) in East Austin, TX. This significant event marks a crucial step towards addressing the region's housing needs and fostering economic diversity within the community. In collaboration with AHFC and local developer Capital A Housing, NHPF closed on $74.5 million in construction financing for Seabrook Square. This project signifies NHPF's inaugural venture into Austin, showcasing a commitment to partnering with local organizations to deliver much-needed affordable housing. Rasmus-Temenos, Houston, TX
Temenos Community Development Corporation (CDC) in partnership with NHPF announced the opening of Rasmus-Temenos, a property with 95 Permanent Supportive Housing (PSH) apartments. The construction of Rasmus-Temenos is a testament to the collaborative efforts of government entities, nonprofit organizations, and private sector partners dedicated to addressing the pressing issue of homelessness in this community. At the Ribbon-cutting Ceremony, Mayor Pro-Tem Martha Castex-Tatum said: “Saving this housing that will provide specialized services in order to increase the wellness of the population was achieved by all the entities here today. Through innovative funding mechanisms and unwavering commitment, this project ensures that vulnerable individuals have access to safe and supportive housing.” The property includes an entire floor that is dedicated to at-risk youth. Plus, 80 of the units replace those lost to The Texas Department of Transportation (TxDOT) to make way for highway improvements. Funding for this transformative project includes significant contributions from the Houston Housing Authority, City of Houston Housing and Community Development, with $12.5 million allocated, and $11 million in Community Development Block Grant (CDBG) funding for Disaster Recovery from Harris County. | | | | | |  | Eric Dillard (left) and Brantly Grier With the Right Assistance, Anytime is the Right Time to Start a Business Mark Twain famously said, “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” Clearly Eric Dillard (above left) who, at age 75, founded the climate change non-profit, New Frontier, agrees with that sentiment. Eric, a resident of NHPF affordable property, The LaSalle at Lincoln Heights for the past six years, contacted LaSalle RSC Brantly Grier to work on setting up his business. Together with Brantly, the two began the process of securing a tax ID, trademark, and articles of incorporation. As soon as the process is complete, Eric will be moving his business into an office space. | | | | |  | Angela Williams (cooking) and Winona Butler The Heart and Soul of Volunteering At two NHPF properties, Mark Twain in Chicago and St. Luke’s Plaza in St. Louis, two women found purpose and fulfillment in the embrace of volunteerism. Angela Williams and Winona Butler, residents of these two communities respectively, embarked on a journey of service which not only enriched their own lives but also transformed the fabric of their communities. Operation Pathways, the onsite service provider subsidiary of NHPF, provides residents the tools, resources, and coaching they need to achieve housing stability and meet their academic, financial, and wellness goals. Angela, a cheerful and dedicated member of Mark Twain, first dipped her toe into volunteering by assisting with various activities and events organized by the RSC at Mark Twain. | | | | | |  | Our Top Picks for Spring Stay on top of issues affecting affordable housing and social justice topics via these interesting choices! 1. Housing in America Podcast: Pathways to Homeownership Putting a roof over their heads is a struggle for many Americans. Rising house prices, restrictive zoning, increasing rents, and a lack of small mortgages are some of the hurdles facing people who want a safe and secure place to call home. Alex Horowitz and Tara Roche, directors of The Pew Charitable Trusts’ housing policy initiative, discuss some of the challenges—and how to overcome them—for those pursuing homeownership. 2. We Grown Now A film that takes the idea of beauty seriously and works, with deceptive ease, to show us the tiny pleasures that make up life in notorious Cabrini-Green. Beginning in 1995, this former Chicago Housing Authority (CHA) public housing project on the Near North Side of Chicago, Illinois was torn down, with the last dilapidated mid- and high-rise building demolished in 2011. 3. Housing the Nation Scholars, advocates, and architects assess America’s affordable housing crisis and suggest various strategies to rectify it, including numerous images of important, recently-built houses and complexes. Having trouble viewing this email?
View it in your web browser | | | |  | About the NHP Foundation
Headquartered in New York City with offices in Washington, DC, and Chicago, IL, The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, service-enriched multifamily housing, and single-family homes that are both affordable to low and moderate income families and seniors, and beneficial to their communities. NHPF’s Construction Management Group provides in-house resources dedicated to infrastructure review, infrastructure development and costs management. Through Family-Centered Coaching, NHPF’s subsidiary Operation Pathways engages with, and assists, families experiencing poverty and other hardship, to problem-solve together. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other not-for-profit organizations, NHPF has over 10,000 units, in 16 states and the District of Columbia. For more information, please visit www.nhpfoundation.org. | | | | | | | | | |
