 | | |  | Update: The 2024 NHPF Symposium We are pleased to announce important updates to the 8th Annual NHPF Symposium, Adapting Affordable Housing to the New Realities, scheduled for Wednesday, October 16 at Union Station in Washington, DC. Our keynote speaker is: - Diana Nyad, World Champion athlete and renowned inspirational speaker
We will present our Affordable Housing Trailblazer Award to two champions of legislation supporting affordable housing: We will present NHPF’s Affordable Housing Industry Leader Award to: Leading our conversation will be NHPF's newly-appointed Director of Supportive Housing: The experts taking part in the conversation are: - David Bowers, Vice President, Mid-Atlantic Market and Senior Advisor for the Faith-Based Development Initiative at Enterprise Community Partners
- Carlos Martín, Director of the Remodeling Futures Program at the Harvard University Joint Center for Housing Studies
- David A. Northern, Sr., President and CEO of the Houston Housing Authority
| | | | NHPF Transaction News  New Port Antonio Apartments, Port Antonio, Roxbury, MA
NHPF acquired Port Antonio, a historic Section 8 property located in the Warren Street neighborhood of Roxbury, MA. This acquisition marks one of the largest transactions in NHPF's history.
New Port Antonio Apartments is comprised of 227 urban residential apartment homes spread across thirteen different locations and seventeen building footprints within a half-mile radius. Constructed between 1899 and 1930, these buildings add significant historic value to the community.  Ridgecrest Village Apartments, Washington, DC
NHPF announced the redevelopment of Ridgecrest Phase 2, 132 affordable apartments including 26 Permanent Supportive Housing (PSH) units, situated in the vibrant Randle Heights neighborhood of Southeast DC. NewPoint Real Estate Capital (“NewPoint”) provided $13.3 million in 501(c)(3) bond financing to facilitate the project, undertaken in collaboration with financing partners including the DC Department of Housing and Community Development (DHCD); DC Office of the Deputy Mayor for Planning and Economic Development (DMPED); DC Green Bank; and DC Department of Energy and Environment (DOEE).
Ridgecrest Phase 2, a property acquired by NHPF on behalf of the Ridgecrest Village Tenants’ Association in 2019, is undergoing substantial rehabilitation with a focus on energy efficiency and sustainability. This initiative is noteworthy for several reasons: - It is the inaugural residential rehab financed by the District's Revenue Bond program, supported through a tax-exempt 501c3 bond transaction.
- The project pioneers an aggressive effort to enhance energy efficiency in an existing asset, thanks to generous funding from the District, enabling improvements that were traditionally cost-prohibitive for affordable housing projects.
- Ridgecrest Phase 2 is among the first rehab projects of its size to transition to fully electric energy sources, aligning with District goals for decarbonization.
| | | Taking Up a New Hobby at Any Age  Operation Pathways, NHPF’s Resident Services Subsidiary, takes pride in its resident-centered programs and services, dedicated to improving and uplifting the lives of all who live there. Ms. Tam Nguyen, residing at our Winter Hill Apartments, is a notable example of why we do what we do.
Tam, an 82-year-old Vietnamese woman, was nervous about joining the yoga class that RSC, Dong Bui, was starting and even rejected her neighbor’s offer to accompany her. Tam knew the language barrier would affect her experience, but after encouragement from her neighbor, Tam decided it was worth a try. After her first class, Tam loved the experience and now attends often, speaking very highly of the whole experience, “I love the class, I’m not afraid anymore, I just watch the movements of the instructor and I follow. There were times when I made a wrong move and my instructor just smiled and used sign language to correct me.” Tam now raves about how the yoga routine has her doing stretches she would not normally attempt, emphasizing its effectiveness as a great exercise for her.
Where Tam Nguyen lives matters. | | | | | | | |  | Our Top 5 Picks for the Quarter Stay informed and entertained by this quarter’s media choices reflecting on aspects of affordable housing, social justice and other relevant topics. 1. The Morning Huddle Construction Show with Chad Prinkey A construction industry interview show from the executive trainer we all know! The Morning Huddle is a platform for people who are creating positive change in the building industry. The podcast contains short-form interviews that are entertaining and educational so our guests can share their message. 2. Wandering Stars is award-winning author, Tommy Orange’s scathing indictment of the United States’ war on its own people, working to reshape the Native American story in the United States, 3. Executive produced by Academy Award Winner Common, Grassland is a riveting social justice thriller highlighting the perils of marijuana incarceration. 4. Build, Baby, Build: The Science and Ethics of Housing Regulation, is a non-fiction graphic novel. Think of it as the comic book equivalent of a documentary that combines words and pictures to give readers a tour of housing regulation, with a focus on how government restricts the construction industry, and what would happen if the restrictions were lifted. 5. Nowhere to Live: The Hidden Story of America’s Housing Crisis takes readers through the history of how we got here. With stories going back to the Civil War, the early 20th century, and the ill-fated "urban renewal" movement of the 1950s, Nowhere to Live reveals how the government layered mistake upon mistake to create the current housing crisis. It also provides a way out: not by government fiat, but through the restoration of private property rights. 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. | | | | | |
