| |  | | | A Spring’s Bounty of Beautiful Properties
NHPF Celebrates New Homes and New Hope in Houston, Baltimore, and New Haven This spring, The NHP Foundation (NHPF) celebrated the openings of three transformative developments serving distinct community needs. | |  | In Houston, RoseMary’s Place welcomed 149 residents exiting homelessness into permanent supportive housing. Developed in partnership with Magnificat Houses, Inc., the $45 million project offers wraparound services, 24-hour staffing, and space for healing. Named for MHI founder Rose Mary Badami, the development was called “a place of hope and dignity” by Council Member Carolyn Evans-Shabazz. With support from the City of Houston, Harris County, and other funders, this project exemplifies how collaboration can create long-term solutions for chronic homelessness. | |  | In Baltimore, The Terraces at Park Heights marked the first phase of a $400 million revitalization of the historically disinvested Park Heights neighborhood. The $52 million senior housing community delivers 100 affordable one- and two-bedroom homes, powered by solar energy and enriched with on-site amenities including a maker space, fitness center, and public art installations celebrating Baltimore’s horse racing legacy. NHPF and partner Henson Development are also planning future phases. Governor Wes Moore called it “the next chapter in our work to transform the city.” | |  | In New Haven, Curtis Cofield II Estates brought 56 new affordable and energy-efficient homes to the West River neighborhood. The $30 million development includes supportive housing, “missing middle” units, a community center, and future retail space—all part of reconnecting a neighborhood once fractured by disinvestment and infrastructure projects. “Thanks to West River SHIP and its partners, we now have a place where working families, formerly homeless residents, and people with disabilities can all thrive together in an inclusive, affordable community,” said Mayor Justin Elicker. Each development reflects NHPF’s core mission: to create sustainable, inclusive, and service-enriched housing through strong public-private partnerships. From helping Houston’s most vulnerable find stability, to revitalizing Baltimore’s Park Heights, to delivering opportunity and affordability in New Haven, these projects exemplify what’s possible when community vision meets commitment and investment. | | | | | |  | NHPF Transaction News NHPF Brings Groundbreaking “Missing Middle” Housing to Colorado NHPF is looking forward to this month’s Groundbreaking of Galena Apartments, much-needed workforce housing in the Colorado mountain town of Frisco. NHPF is building its first Colorado development—Galena Apartments in Frisco—using its S&P AA– credit rating to finance a first-of-its-kind “missing middle” workforce housing project. The 54-unit community addresses the region’s acute shortage of affordable homes for essential workers, some of whom had been living in their cars. In partnership with the Town of Frisco, NHPF is transforming a former state office site into housing for moderate-income residents. The Town provided the land for $1, $8 million in gap financing, and collaborated with the State and Summit County to fund off-site infrastructure. NHPF used its rating to back 501(c)(3) bonds—allowing a $19M, below-market mortgage to finance the project. Construction has begun and Galena Apartments will serve as a model for future middle-income housing solutions in high-cost markets nationwide, underscoring NHPF’s mission to expand housing opportunities for America’s working families. | | |  | Resident Voices How Ethel Collins Built Financial Freedom Through Rent Reporting Ethel Collins, a senior resident at Bayview Towers in Stamford, CT, has always lived carefully on a fixed income. Like many older adults, she budgeted strictly, often having to delay purchases until her next check arrived. That began to change when Operation Pathways introduced an innovative rent reporting program powered by Esusu Inc. “When Operation Pathways first brought this program to Bayview, I opted in right away because I knew it was a good opportunity,” said Ms. Collins. “Having Esusu report my on-time payments has helped me so much. When I saw how high my credit score was, I was shocked.” Before enrolling, Ms. Collins had no credit history. Her credit report only listed Esusu, the AI-driven platform founded by Wemimo Abbey, which reports positive rent payments—unlike the traditional system that only flags missed ones. This disparity has long disadvantaged renters, with more than 45 million Americans remaining credit-invisible. Esusu aims to close that gap by tapping into a previously overlooked data source: consistent rent payments. | | | | | | | | A Message from Operation Pathways It’s hard to believe August is upon us and families across the country are preparing for the back-to-school season. Operation Pathways is working hard to ensure that the children living in NHPF’s affordable housing communities have everything they need when the school year begins. Operation Pathways provides high-impact resident services that help individuals and families thrive—right where they live. In addition to year-round programs focused on financial stability, health and wellness, and employment, we are especially focused this summer on helping students return to school prepared, confident, and supported. From hosting backpack drives and school supply giveaways to providing academic enrichment and mental wellness resources, our team is partnering with parents to lay the groundwork for a successful school year. In communities where barriers to education often run deep, these services offer more than just pencils and paper—they offer hope and opportunity. In 2024, 1,867 youth were supported through OP’s Education and Youth Development programs across the country! Thank you for your ongoing support of this important work, we couldn’t do it without you! If you’d like to support our Back-to-School efforts, please donate here. With Gratitude, Rebecca Ely | | | |  | 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. Photography Exhibit
Images always speak louder than words. The images of Camilo José Vergara Chilean American photographer, documents continuity and change in American urban spaces. He is especially interested in the built environment including ruins, housing projects, prison and drug treatment facilities, transportation and industrial corridors, and areas undergoing gentrification. See his work at the Smithsonian's National Museum of African American History & Culture. 2. Film to See
As we create more housing designed to enable those experiencing homelessness to leave the streets, we were intrigues by this film. Inspired by true events, the acclaimed film No Address follows the harrowing journey of Lauren, a young woman pushed onto the streets and forced to survive against all odds. Alongside a makeshift family of outcasts—each with their own haunting story of struggle and loss—Lauren discovers that home is not just a place, but the people who refuse to let you fall. 3. Read This
The “trades” are what keep construction alive in affordable housing and all building industries. In Such a Good Man, Dustin M. Hoffman shines a light into the dark corners of American suburbia. The housepainters, contractors, plumbers, painters, and roofers that populate these pages are doing their best to overcome life's brutal indifference. 4. And this
In There is No Place for Us, Brian Goldstone, a journalist for The New York Times, and Harper’s Magazine, among others, tells the stories of five Atlanta families, personifying the dramatic rise of the “working homeless” in cities across America 5. Listen to this
We have tackled the topic of loneliness amongst seniors and others in some affordable housing communities. Strangers on The Way is a podcast bent on transforming the world, one stranger at a time. On a quest to eliminate loneliness and isolation, writer and speaker Lauren Hansen is on a mission to encourage every person to meet someone new every day. This podcast shares inspirational stories of her interactions with strangers across the world. Be inspired through her stories to create new stories of your own. | | | |  | 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. | | | | | | | | | |
