In Memoriam: Stephen Green

We are deeply saddened to share the passing of our cherished colleague and friend, Steve Green, who died earlier this week. Steve served as Executive Vice President and Chief Investment Officer of NHPF for 11 years, and in that time, became the architect of some of our most innovative and impactful financing strategies.

With more than 35 years of experience in real estate and economic development, Steve brought a rare combination of technical skill and deep compassion to his work. He pioneered complex deal structures that made affordable housing possible in communities across the country—layering HUD-insured debt, tax-exempt bond financing, conventional loans, and Low Income Housing Tax Credits (LIHTC) to bring ambitious projects to life. Steve understood the power of housing to transform lives, and he used every tool at his disposal to make it happen.

One such project—the Park Heights redevelopment in Northwest Baltimore—stands as a shining example of Steve’s vision. In 2020, he helped shape the financing blueprint for this major undertaking. His innovative thinking and thoughtful leadership helped bring the project through every phase, and this May, 100 new affordable homes will open to the community. It will be a powerful moment, as Steve’s legacy quite literally takes shape in the form of stable homes and revitalized neighborhoods.

Steve was a mentor, a leader, and a steady hand in a complex field. He worked closely with city and state leaders, community organizations, and residents alike, always approaching his work with humility, respect, and heart.

We will miss him dearly and remember him always—with gratitude for the communities he helped build and the countless lives he touched.

Three Properties to Open in Spring 2025

NHPF is proud to introduce three transformative housing communities set to open this spring, each designed to meet the unique needs of their residents while fostering economic and social revitalization.

The Terraces at Park Heights in Baltimore, MD, will play a pivotal role in the ongoing redevelopment of the Park Heights neighborhood, providing seniors with modern, energy-efficient one- and two-bedroom apartments and an array of amenities that promote an active and connected lifestyle.

In Houston, TX, RoseMary’s Place Apartments will offer 149 permanent supportive housing units, providing residents exiting homelessness with stable housing and essential services through Magnificat Houses, Inc.

In New Haven, CT, Curtis Cofield II Estates will bring a mix of one- to three-bedroom townhome-style apartments, offering deeply affordable and middle-income housing options with sustainable features such as Passivhaus construction and solar paneling.

These three communities reflect NHPF’s commitment to innovative, resident-centered housing solutions that uplift neighborhoods and create lasting impact. Each development integrates sustainability, accessibility, and community-oriented design, ensuring that residents not only have a place to live but a foundation for growth and opportunity. From Baltimore’s senior-friendly living to Houston’s supportive housing and New Haven’s dynamic townhomes, NHPF continues to build vibrant, inclusive communities where residents can thrive.

A Family-Centered Coaching Story

Residents of affordable housing often face feelings of loneliness, especially those who have relocated away from family or trusted support systems in search of affordable living. This challenge is even more pronounced among seniors, many of whom live alone and may also be managing health concerns.

However, there is hope. Affordable housing communities that offer onsite resident services are creating opportunities for connection, engagement, and meaningful relationships. Through these programs, residents are finding not just support, but also a sense of belonging that enriches their lives and strengthens their communities. Here is one such example.Miss Linda wasn’t always an active presence in the Ships’ Cove Community Room. She first started attending small workout groups, joining a few activities here and there. But it wasn’t until she got more acquainted with her Resident Services Coordinator (RSC) Caitlyn and began volunteering with Operation Pathways that she truly found her place.

Through hours of service—helping at the food bank, organizing holiday meals, assisting with outreach, and participating in National Night Out—Miss Linda not only gave back to her community but also found something invaluable: a sense of family. The bonds formed through these efforts have extended far beyond the walls of Ships’ Cove. Volunteers now check in on one another, spend time together outside of scheduled programs, and encourage more residents to get involved.