The NHP Foundation Fiscal Year 2018 Annual Report

Where You Live Matters

In 2018, our organization continued the focus of our mission, by acquiring and developing 10 additional affordable rental properties.

Our real estate portfolio of 49 properties consists primarily of

multifamily and senior affordable rental buildings. Maintaining a

diversified portfolio of quality affordable rental housing leased to

strong residents helps ensure the stability of our investments and

impact in the communities where we are active.

The strength of our portfolio is enhanced by the experience of our

Asset Management and Development teams, in their abilities to

maximize the potential outputs at our properties, while securing

long-term operational investments throughout the NHPF portfolio.

This was evident as we achieved stable occupancy over the course

of 2018, with a vacancy rate between 3.1% and 4%; half the US

Rental Vacancy rate of 7%, while adding an additional 1,218 units

or increasing our units by 17% from 2017.

Our organization’s various internal departments work in combination

conducting research and a thorough financial review and analysis

of future projects to determine how NHPF can best meet the

needs and improve the environment of our future residents. These

professional skills were fully realized over the course of the year,

as our resident population grew 13% or by 4,203 residents. Through

this disciplined investment process, our acquisitions department

establishes and maintains strong relations with residents, tenant

associations, property owners, developers, brokers, and advisors.

Managing our portfolio with an emphasis on social responsibility

is essential to our continued success. Going forward, our

company remains committed to being socially and environmentally

responsible, and to conducting our business according to the

highest industry standards. We will always play an active role in

supporting the community through civic involvement and social

governance. These values are reflected within our organization

through strategies centered on encouraging a culture of inclusion,

collaboration, transparency, and respect.

A Portfolio with an Emphasis on Social Responsibility

In 2018 NHPF earned a spot in the affordable housing industry “Top 10 Companies Completing Substantial Rehabs” and “Top 50 Affordable Housing Owners.”

Our ongoing commitment to HUD’s Better Buildings Challenge resulted in

environmental improvements demonstrating annual water consumption savings

estimated to exceed 70 million gallons. This past year, our Resident Services

affiliate, Operation Pathways was the first to be certified by CORES, a best practices

industry organization and served 4,375 individuals.

Today, NHPF has 49 properties with over 8,000 units.

But numbers never tell the whole story. . .

This past year, and every year, NHPF is most proud of how our apartment

communities provide home bases from which residents accomplish goals that propel

them through life. For example, Kenicha, a single mother, credits a stable living

environment with her ability to become a registered nurse. And Gennifer, a chronic

diabetic, worked with her resident services coordinator to identify a new, affordable

prescription plan to cover her medical costs.

In 2019, our 30th year in operation, NHPF will continue to deliver for our residents

by looking to add 1000+ housing units and expand to new markets. Our goals also

include securing new long-term investment in housing. This investment will allow

NHPF to continue to fulfill our mission in the years to come and is also the focus

of our third annual Symposium, Affordable Housing Investment: Impactful Returns

Realized.

For 2019 and beyond, NHPF will always put investment in our residents first and will

always ensure that “where you live matters.”

Richard F. Burns

President & Chief Executive, NHPF

Richard F. Burns

Constructing Success: A Commitment to Our Communities & Our Industry

NEW YORK HEADQUARTERS 122 EAST 42ND STREET, SUITE 4900, NEW YORK, NY 10168 • 646.336.4940

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CHICAGO 150 N. MICHIGAN AVENUE, SUITE 2800, CHICAGO, IL 60601 • 312.216.5103

Mansur Abdul-MalikAbe Wood Inc.Robert AbramsMecky AdnaniAffordable Housing AdvisorsAfrican Heritage Teachers StipendRamon AggabaoAGM Financial ServicesAHC Inc.Alphonse Diaz Architects PCSunny & Bill AlsupAmazon FoundationAmerigroup FoundationAmerigroup CorporationPamela Anderson-LivingstonAngelina & Huey Wilson FoundationApplegate & Thorne-Thomsen PCArchdiocese of PhiladelphiaAsset for Independence IDA (HHS)AT&T FoundationAzar FoundationPauline BaculiBancorpSouthBank of America Merrill LynchScott BarkanJosefina BarredoBBV Compass FoundationBBVA CompassBeacon CommunitiesBecker & BeckerBellwether EnterpriseBenchmark Title Agency LLCBerk FoundationBest BuyBest Buy (Children’s Foundation)Bocarsley Emben Cowan Esmail & Arndt LLPBottom Dollar Food StoreRalph Boyd, Jr.Charlene BriscoAl BrowneBucks County, PABucks County Community FoundationBucks County Food BankBucks County Opportunity CouncilDiane & Richard Burns FamilyBush-Clinton Katrina FundCalecoCannon Heyman & Weiss LLPCapital OneCarmody Torrance Sandak & Hennessey LLPLeslie & Tom CarrCeladon PartnersCenter for HealthFrank CerbiniCHANGE All Souls Housing CorporationChildren and Family Legacy FundChildren and Family Services of JacksonvilleChipotle Clause ChowCIH Properties, Inc.CinnaireCiti Community CapitalCiti Group FoundationCity of Arlington Housing Rehabilitation ProgramCity of ChicagoCity of Falls Church CDBGCity of Falls Church Community Service FundCity of Houston

City of Orange NJCity Real Estate Advisors (CREA)Clark Construction GroupCMQ FlooringMary CochuicoCogency Global, Inc.CohnReznick LLPColumbia Baptist ChurchConifer Realty, LLCConnecticut Housing Finance AgencyConnecticut Housing Tax Credit Contribution

ProgramConnecticut Light & PowerCrenshaw CommunicationsCushman & WakefieldDarien Community FundDC Department of Housing and Community

DevelopmentDC Housing Finance Agency (DCHFA)Delaware Valley Mental Health / Foundation

Community PartnershipDeutsch-Khanna Family FundPatricia Diaz DennisDistrict of Columbia Housing and Community

Development FundDistrict of Columbia Housing Finance AgencyDistrict of Columbia Sustainable Energy UtilityDollar General Literacy FoundationDominiumDraper & Kramer, IncorporatedNeal DrobenareShay DuganDulin United Methodist ChurchEagle BankECS Capitol Services, PLLCEdgewood ManagementEDI InternationalEnergy WiseEnterprise Community PartnersEnterprise Real Estate Capital / Bellwether

EnterpriseEpic Insurance Brokers & ConsultantsEssex County, NJEvery Kid a King FoundationExxon MobileFannie MaeFCHC: A Virginia Community Development

CorporationFederal Capital PartnersFederal Home Loan Bank of AtlantaFederal Home Loan Bank of Dallas Financial

PartnersJohn Michael FeehanFifth Ward Redevelopment Authority City of

HoustonTanner FinnanFirst Book PhiladelphiaFirst Federal of Bucks CountyEileen FisherFood Bank of South East JerseyChristy ForemanFoundations Community Partnership–BIIGFox Pool ManagementFreddie Mac CorporationFreddie Mac FoundationFriedman LLPFrost FoundationPatrick Fry

Gallagher Evelius & Jones LLPGoldstein Hall PLLCCarlos GonzalesGPOA FoundationGreater New Orleans FoundationStephen GreenGulf Youth Action Corps / AmericorpsDawn GutierrezHallkeen ManagementHamel Builders of Washington, DCCarolyn HardawayHealthy City Fall RiverHeron FoundationNancy & Donald HessHessel, Aluise & Neun, PCHewlett PackardHillcrest FoundationJohn HofferHolland & Knight LLPHome Depot FoundationHomefree-USAHousing & Urban DevelopmentEvelynn HowellHudson Housing CapitalIberia Bank Mortgage CompanyIndustrial Development Authority of the City of

St. Louis, MOInspire Credit UnionJBG SmithCorey JohnJordan JohnsonBeverly JohnsonJonathan Rose CompaniesJones Lang LaSalle Multifamily, LLCJames A. JosephJPMorgan Chase & Co.JPMorgan Chase FoundationJennifer JuJulia & Christopher SawyerJunior League of Baton Rouge Kaboom!Kaiser PermanenteKatten Muchin Rosenman LLPKelliher & Salzer, LLCKiss Electric LLCKlein Hornig LLPPhilip LanichoLatter & BlumLEDIC Realty Company, LLCJay LegaspiKevin LewisEryka LindseyLinn-Mathers Inc. General Contractors

and BuildersLivi Centeno-McnullaLocal Initiative Support Corporation (LISC)Locke Lord LLPLouisiana Disaster Recovery FoundationLouisiana Housing Finance AgencyLouisiana Pizza KitchenLouisiana Recovery Authority & Louisiana Office

of Community DevelopmentLouisiana Local Government Environmental

Facilities and Community AuthorityLow Income Investment Fund (LIIF)Jeff MacdonaghMaCrostie Historic AdvisorsMarcus & Millichap AHA

Tiffany MartinezCarol Ann MasonMass MutualMcCormack Baron Asset ManagementMerchants CapitalMetlife FoundationMichael FranklinMissouri Housing Development CommissionFred MitchellMorris, Manning & Martin, LLPJoyce MoskovitzNAHMA Educational FundingNational Housing & Rehabilitation Association

(NH&RA)National Housing TrustNational Housing Trust Community DevelopmentNational Multifamily Housing CouncilNeighbor Works AmericaNew Jersey Housing and Mortgage Finance

AgencyNew Jersey SharesNew York City Housing Development CorporationNiagara Cares / Niagara BottlingNo Child HungryNovogradac & Company LLPOldwaysOldways Taste of African Heritage GrantOlive Branch Consulting, Ltd. Susan & Keith OrgeronElizabeth OrtmannJohn OrtmannAndrew PagtakhanJessie PagtakhanGary ParkinsonAvani PatelPembrook Capital ManagementPennsylvania Housing Finance AgencyPeoples United Community FoundationPepper Hamilton, LLPEthel & T. Peyton RobinsonPhilabundancePNC Bank PNC FoundationPNC Real EstatePreserving Louisiana Affordable HousingPrince George CountyTim PryorQatar Katrina FundAndrea QuimoyogR4 Capital LLCClarita RamosRBC Capital MarketsRED Capital GroupRed Stone Equity Partners, LLCRedniss & MeadeReginelli PizzeriaRelated CompaniesRenew Our Music, Inc.Reno & Cavanaugh, PLLCMeade RhoadsPamela RobinsonRogers Yogodzinski LLPSam’s ClubCherie Santos-WuestSarabi Group, LLCSaul Ewing Arnstein & Lehr LLPSBC FoundationShare Our Strength

Sharps Landscaping, Inc.Shez Ent. Inc. (SUBWAY)Shinda Management CorporationShopriteJamie SmarrSmith, Currie & Hancock LLPIan SobelSodexo Remote SitesSouther UniversityJoseph SperlazzoSt. John’s Community Foundation, Inc.State FarmState of Louisiana / Office of Community

Development / Disaster Recovery UnitKendra Stensven StifelStratford Capital GroupSugar Creek Capital Frank L. Sullivan, Jr.Suntrust United Way CampaignTCAM Asset ManagementTexas Department of Housing & Community

AffairsThe David and Minnie Berk FoundationThe Ford FoundationThe Frost FoundationThe John D. and Catherine T. MacArthur

FoundationThe Little Fund That CouldThe MacArthur FoundationThe Meadows FoundationThe Partnership, Inc. (TPI)The Prudential FinancialThe Prudential FoundationThe Sirus FundThe Wachovia FoundationRon TienzoTomlinson For State SenateTriad Housing CorporationTulane UniversityU.S. Bancorp Community Development

CorporationU.S. BankUnited Way of HoustonUnited Way of Metro DallasUnited Way of Western CTUrban AtlanticUS BankUS Department of Housing and Urban

DevelopmentThomas VaccaroVesta Corporation Walker & DunlopWalmartAmanda WalzJoyce WalzWashington Gas & LightWC SmithWCS Construction, LLCWells FargoKen WhiteMary & Joseph WiedorferSam WildhallmBarbara W. WolfAmanda WuCarrie Yeager

Financial Partners, Donors, & Sponsors

nhpfoundation.org