This very busy quarter saw a flurry of development and acquisition activity, awards bestowed upon NHPF properties and individuals, and our 5th Annual Symposium. We are so grateful for the outpouring of support for the Symposium, an evening of meaningful gathering, celebration and education.

 

NHPF’s Latest Transactions

During the past four months, NHPF acquired Cardinal Ridge Apartments in Kansas City, MO. The 160-unit former 9% tax credit deal includes LIHTC, market rate, and public housing units for seniors and families. NHPF also received funding for the construction of 41 rental apartments at 17 Mississippi Avenue in the Congress Heights area in Washington, DC’s Ward 8 and the organization closed on the financing to construct replacement permanent supportive affordable housing, Temenos Place Apartments in Houston, Texas.

The NHPF 5th Annual Symposium

Thank you to everyone who helped NHPF achieve its fundraising goals by contributing to our 5th Annual Symposium, A Decade of Rental Housing Vulnerability: Lessons Learned from Financial Crisis to Coronavirus. We hope you enjoyed attending in person or virtually and learning from speakers including “in-the-trenches” Mayors Francis Suarez of Miami, Sylvester Turner of Houston, and Justin Elicker of New Haven; passionate social activist Kimberly Latrice Jones; and expert industry analyst Andrew Jakabovics of Enterprise Community Partners. Stay tuned for our annual industry report delving further into the issue of affordable housing resiliency.

 

NHPF’s Recent Industry Awards

We are always so pleased to be recognized by our industry for outstanding work. During this past quarter, our scatter-site affordable rental homes property Hollander Ridge was named most innovative transaction by Maryland Affordable Housing Coalition. Additionally, Mansur Abdul-Malik, Vice President, Development, NHPF, has been named a 2021 Young Leader by Affordable Housing Magazine.

 

Other News from this Quarter

An interview with Mecky Adnani, SVP, Acquisitions, NHPF, on women in affordable housing was featured on the Mission Success: Women in Multifamily podcast. Kevin Lewis, Assistant VP, Resident Services & Deputy Executive Director, Operation Pathways, authored an article, “Remaking Resident Services in a Time of Social Change” for Multihousing News Magazine. Veronica Gonzalez, Development Director, Midwest, NHPF, and team have been selected for an equitable Transit Oriented Development pilot in Chicago. Multihousing News invited Carlos A. Gonzales, VP, Asset Management, NHPF, to speak on its  “Apartment Trends for 2022 and Beyond” panel presented at its upcoming virtual conference.

 

Our Top Picks in this Quarter

As NHPF continues to inculcate our organizational culture with DEIJ policy reforms, we are interested in media offerings that explore issues of racial and social inequity. Some examples on our radar include:

  1. How We Can Win: Race, History and Changing the Money Game That's Rigged, written by NHPF Symposium keynote speaker Kimberly Latrice Jones, delves into the impacts of systemic racism and reveals how her formative years in Chicago gave birth to a lifelong devotion to justice.
  2. Squid Game is a brutal life or death social commentary or satire or both? Resonating worldwide, the South Korean dystopian horror series follows hundreds of debt-ridden citizens as they are forced to participate in a competition of childhood games with a huge cash prize—and be killed if they lose.
  3. Holistic Housing Podcast is hosted by our Symposium moderator Laura DeMaria and is an accessible, wide-ranging conversation with a variety of guests covering everything from gentrification, workforce development, homelessness, urban revitalization, sustainability, placemaking, and the American Dream. This episode is an interview with Ken White, Executive Director, Operation Pathways, discussing the importance of onsite resident services.
  4. Maid is the Netflix adaptation of the bestseller that follows a young single mother, who, after escaping an abusive relationship, sets off on a chaotic, grinding slog to simply survive. It is particularly vivid in its accurate portrait of the agonizing bureaucracy required in seeking government assistance for housing, daycare, and food.

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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 57 properties, including nearly 10,000 units, in 16 states and the District of Columbia. For more information, please visit www.nhpfoundation.org.
 
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