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.