- TRAINING & ENGAGEMENT
- ANNUAL MEETING
- HAND PSA
On December 13, HAND hosted its Annual Holiday Mixer. The Board of Directors and staff thank all of our members, partners and sponsors who attended! The event served as a great opportunity to connect with fellow colleagues, celebrate the holiday season and recognize both seasoned and emerging leaders in our industry.
Over 300 guests convened at Arena Stage at the Mead Center for American Theater in Washington, DC for the
event. HAND’s President Ray Skinner addressed the crowd, highlighting several special HAND moments over the course of 2017. Skinner also recognized outgoing Board members Rob Goldman of Montgomery Housing Partnership and Mike Pitchford of Community Preservation and Development Corporation (CPDC). Both Goldman and Pitchford have served on HAND’s Board for several years and we thank them for their dedicated service.
Executive Director Heather Raspberry also gave remarks, honoring the four recipients of the GenerationHAND scholarship: Nory Flores, Lee Goldstein, Samantha Pedreiro and Jazzmin Reid.
The GenerationHAND initiative launched two years ago with the mission of equipping the emerging leaders in our industry with the tools they need to thrive as they navigate their careers. The initiative has blossomed tremendously – from its offerings of intimate sit-downs with industry trailblazers to volunteering to install solar panels on the roof of our members’ developments. The Braintrust Committee oversees all GenerationHAND programming and is comprised of emerging leaders in the HAND family. Similar to our other committees, the Braintrust meets on a regular basis to plan and execute its programming throughout the year to bring fresh and innovative programming to our members.
Earlier this year HAND hosted a GenerationHAND SoulCycle Fundraiser to benefit local graduate students studying real estate, architecture, urban planning and other related fields. In total we raised $2,000 to be used for each students’ educational expenses. Each recipient was selected by our review committee, which was comprised of Braintrust Committee Chair and HAND Board Member Derrick Perkins, Maia Shanklin Roberts of Ballard Spahr and HAND’s Heather Raspberry.
Some highlights on our award recipients:
Nory Flores is pursuing her Master of Professional Studies in Sustainable Urban Planning at George Washington University. The review committee was particularly impressed with her passion for including the voices of all residents as our communities continue to transform through development.
Lee Goldstein is an active and engaged member of HAND’s Braintrust and Program committees, and pursuing his Master of Science in Real Estate and Infrastructure at Johns Hopkins University. In his application Lee touched on the historic use of redlining and policies used to create concentrated areas of poverty and segregation. The committee wholeheartedly agreed with his thoughtful response suggesting that we must be intentional in incorporating this discussion into the conversation on affordable housing.
Samantha Pedreiro is pursuing her Masters of Public Administration at American University. Her commitment to serving her community – and particularly women – is not only evident in her application, but her experience working with multiple agencies in New York city’s government. To use her own words, “housing first; the rest will follow.” She understands that without the safety and security of affordable housing, an individual cannot put time and energy into finding a job or other basic human needs.
Jazzmin Reid is pursuing a Masters of Architecture/Master of Sustainable Design at Catholic University of America. Jazzmin realizes that “our design can have a far greater impact if we pay attention to its relation to the space around it.” In the future she has plans to champion community integrated design that is inclusive rather than divisive, and ensures that affordable housing is reflecting what its residents value most.
HAND applauds these emerging leaders for their academic pursuits in support of the development of thriving communities here in the Washington region. In addition to their scholarships, each recipient received a complimentary HAND membership.
Check out additional photos from the evening below:
On the heels of its inaugural symposium & fundraiser, NHP Foundation (NHPF) has quite a bit to celebrate! Held on October 17th in Washington, DC, the event was titled, “An Afternoon of Learning, An Evening of Recognition.” NHPF recognized Senators Orrin Hatch (R) UT and Maria Cantwell (D) WA with Trailblazer Awards, for their efforts to support national affordable housing policy. Additionally, Emily Cadik (Director of Public Policy at Enterprise Community Partners) and Todd Crow (Executive Vice President & Manager of Tax Credit Capital, PNC Real Estate) were honored with 2017 Affordable Housing Advocacy and Visionary Awards respectively. NHPF raised a grand total of $370,000 to go toward its Fund for New Development, which supports the acquisition, pre-development, development and service-enriched affordable housing properties in communities around the country. The program also featured an academic study by the UVA Batten School for Public Policy “Pay-for-Success” Lab and a panel discussion.
We recently spoke with Stephen Green, the organization’s Chief Operating Officer & Chief Investment Officer, to catch up on all things NHPF:
HAND: What recent accomplishments is your organization extraordinarily proud of?
NHPF: [The] completion of three renovation projects and initial acquisition of five projects including two in partnership with DC tenant organizations.
HAND: Have you run into any challenges over the last several months? How did you and your team overcome them?
NHPF: Certainly the biggest challenge has been managing the changes in the tax credit markets that have come as a result of the talk of tax reform while participating in advocating for the retention of the PAB program. We have also looked at diversifying in order to be less dependent on the 4% bond program.
HAND: What are you and your staff looking forward to over the next year?
NHPF: We are looking forward to closing on several bond transactions, as well as increasing our provision resident services at several properties and planning year two of our extraordinary Symposium and Fundraiser which we just sponsored this past October where we honored Senators Hatch and Cantwell for their bipartisan efforts on behalf of the LIHTC as well as leaders in the affordable housing industry.
HAND: What lesson(s) have you learned this year that you hope to apply to your work moving forward?
NHPF: We learned the value of engaging with those inside and outside the industry via events, written materials and sponsorships to continue to promote the importance of affordable housing, and the importance of sharing these and other learnings with the next generation of those involved in all aspects of creation and development of affordable housing.
HAND: What do you enjoy most about your work and why?
NHPF: I enjoy both the challenges of doing this work as well as the rewards of being part of providing people with better housing and greater opportunities.
HAND: If you could describe NHPF’s work in one word, what would it be?
NHPF: Committed! We completed a wonderful video demonstrating NHPF’s work in the industry through our complete renovation of Cleme Manor in Houston, which really sums up our work and it’s titled “Delivering on our Commitment” – you can see it here.
Pizza, anyone? On October 12, 2017, HAND treated its member Alexandria Housing Development Corporation (AHDC) to lunch at Pizza Paradiso in Alexandria, VA. AHDC was the winner of our promotion that gave the first 25 members to renew their membership a chance to win a lunch with HAND staff. The gathering was an excellent opportunity for HAND to catch up with the AHDC staff and learn about its latest projects.
Led by Executive Director Jonathan Frederick, AHDC was incorporated in 2004. Its mission is to “develop and preserve quality housing that is affordable and support our residents to thrive as members of the Alexandria community.”
In addition to welcoming new staff this year, the organization continues to advocate for affordable housing in the city of Alexandria (including a recent letter to the editor in Alexandria Times). Their team has also been hard at work on new development. Of note, The Bloom is a partnership between AHDC and the Carpenter’s Shelter (CS) designed to provide CS with a new shelter facility topped by 97 units of AHDC-managed affordable housing. Slated to open in 2019, the building will also feature a community room, three outdoor terraces, a 1,600 square foot production garden and a playground. 10 units will be reserved as permanent supportive housing units for former CS residents, with wrap-around services provided.
HAND staff looks forward to continuing to engage with AHDC and all of our members over the coming weeks and months!
The U.S. Department of Housing and Urban Development (HUD) recently announced an agreement to resolve a discrimination complaint brought by fair housing advocates against Maryland’s Department of Housing and Community Development (DHCD) challenging the fairness of the State’s Low-Income Housing Tax Credit Program. From HUD’s press release:
“The agreement establishes policies, incentives, and more flexible program rules that will streamline the creation of affordable housing in higher opportunity neighborhoods in the Baltimore region.
Specifically, the settlement will increase the number of affordable housing units in the region by as many as 1,500, with more than 1,000 of those units being new construction. In addition, developers of affordable housing will no longer have to satisfy previously required local scoring or approval criteria before applying for state-allocated tax credits. Read the Conciliation and Voluntary Compliance Agreement.
‘Skyrocketing housing prices in the Baltimore region are making it harder than ever for hardworking families to find decent housing at prices they can afford,’ said Anna Maria Farías, HUD Assistant Secretary for Fair Housing and Equal Opportunity. ‘Today’s agreement will help ensure that people of all backgrounds who call this area home have more affordable housing options in higher opportunity neighborhoods.’
The agreement announced today is the result of a complaint filed with HUD in 2011 by the Baltimore Regional Housing Campaign (BRHC), a coalition of housing and civil rights organizations. BRHC said the state maintained a policy requiring local jurisdictions to approve proposed affordable housing projects prior to the consideration or allocation of Low-Income Housing Tax Credits (LIHTC) to fund construction. The coalition’s complaint alleged that requiring local jurisdiction pre-approval prevented the placement of LIHTC-funded properties in predominately White areas, thereby limiting housing opportunities for African American and Hispanic families in communities of opportunity.
Under the terms of the agreement, DHCD will:
It is our pleasure to congratulate Victory Housing and several other HAND members, who recently received the Maryland Department of Housing and Community Development (DHCD) Commitment to Excellence award in the Financial Innovation category at the Maryland Housing Conference! The groups were recognized for the first use of the Freddie Tax-Exempt Loan (TEL) in Maryland.
Montgomery County, Maryland boasts the highest income in the state, as well as the highest median housing prices. However, seniors in this area are often unable to afford quality housing on a fixed income. Enter Victory Housing and Capital One (and a host of other HAND members and partners).
Two years ago, the two organizations started to work together on Victory Crossing, a mixed-income rental community in Silver Spring. Capital One’s Community Finance team provided an $11.3 million tax exempt construction loan as well as a $5.8 million investment in low income housing tax credit equity via its partner Hudson Housing Capital. Capital One Multifamily Finance served as the Freddie Mac/Seller Servicer providing an $8 million tax exempt permanent loan takeout. Other financing support came from the Maryland Department of Housing and Community Development Administration (DHCD), Montgomery County Department of Housing and Community Affairs (DHCA), and the Housing Opportunities Commission of Montgomery County (HOC). Other important players in the development include: Hamel Builders (General Contractor); Habitat America (Management); Krooth & Altman and Eichner, Norris and Neumann (Legal – Lender).
Victory Crossing will provide 105 units of housing for senior households, 95 of which are for households with incomes at or below 40%, 50%, and 60% of area median income. In addition, HOC will provide a Housing Assistance Payment Contract for 39 units, under which each household will pay only 30% of their income towards rent.
Victory Crossing will be comprised of one- and two-bedroom units for households with at least one resident 62 years of age or older. The building will offer several amenities for the residents, including a community room, theater room, library, sun room, computer room, game room, art and crafts room and a wellness room. It is is slated for completion in 2018.
HAND's low-cost dues, customized training, and expansive network are only a few reasons why you should join the organization. Get connected today to take advantage of the multitude of benefits offered to our members.