Latest news with #NHPF
Malaysian Reserve
18-06-2025
- Business
- Malaysian Reserve
The NHP Foundation Opens Doors to Curtis Cofield II Estates in New Haven, CT
Partnership with West River SHIP delivers 56 new affordable homes in revitalized neighborhood NEW HAVEN, Conn., June 18, 2025 /PRNewswire/ — The NHP Foundation (NHPF), a national mission-aligned developer of quality affordable housing, today celebrated the opening of Curtis Cofield II Estates, a $30 million new construction project bringing 56 energy-efficient rental homes to New Haven's West River neighborhood. Built on vacant city-owned land, Curtis Cofield II Estates marks NHPF's first development in New Haven and is the result of a dynamic partnership with West River Self-Help Investment Plan (West River SHIP). The project aligns with the city's Neighborhood Revitalization Strategy by combining housing, amenities, and services to foster community well-being. 'This development reflects what's possible when public and private partners unite around a shared vision for housing equity,' said Eric Price, President & CEO of NHPF. 'Curtis Cofield II Estates represents a new model for affordability, sustainability, and community investment and we look forward to doing more work in New Haven.' Named in honor of local housing advocate and distinguished religious leader, Curtis Cofield II, the 56 new homes serve a broad mix of residents—44 units are affordable to households earning up to 60% of the area median income (AMI), including 12 supportive housing units; 12 are also reserved for 'Missing Middle' (affordable to middle income) residents at 100% AMI. The property includes 11 townhouse-style buildings, 62 surface parking spaces, EV chargers, and future retail space for a minority- or woman-owned café/bakery. A 2,700 sq. ft. community center, playground, and gazebo complete the site. 'Where homes once stood, homes now stand again, and a community that was previously torn apart by highway construction is once again reconnected. West River SHIP, working in collaboration with the city and many other partners, has created something extraordinary: a community where working class residents can find affordable bousing, formerly homeless residents can find stability, and neighbors with disabilities can enjoy full accessibility – a place where everyone can flourish together in a truly inclusive environment,' said Mayor Justin Elicker. The all-electric community meets Zero Energy Ready Home and Passive House standards, with anticipated energy savings of 50–90%. Solar paneling and CT Energy Rebates further strengthen environmental performance. Financing for the development includes: Citizens Bank construction bridge debt 9% LIHTC equity from Royal Bank of Canada (RBC) Connecticut Department of Housing FLEX and NHTF funding CHFA CMF, Opportunity Fund, Additional Loan and State Housing Tax Credit Contribution (HTCC) contributions City of New Haven ARPA and HOME funds Federal Home Loan Bank of Boston AHP grant CT Energy Rebate program 'This is what our state investment is meant to do—produce high-quality, sustainable housing like the Curtis Cofield II Estates,' said Seila Mosquera-Bruno, Commissioner of the Connecticut Department of Housing. 'Under the current administration, we have been dedicated to this mission, and the 7,000 units now under construction reflect a real commitment to affordability and opportunity.' Operation Pathways, NHPF's resident services subsidiary, will coordinate on-site programming for all residents. Columbus House will provide supportive services for 12 formerly homeless individuals and families. 'Curtis Cofield II Estates is a direct result of years of community vision and unwavering commitment,' said Micah Hunter, NHPF's lead developer on the deal. 'From financing to design to services, we and our partners at West River SHIP aimed for a model that's beautiful, equitable, inclusive, and built to last.' Lisa Maass, Connecticut President at Citizens, added, 'Our investment and support for transformative projects like Curtis Cofield is a powerful reflection of Citizens' commitment to driving economic opportunity, sustainability, and stronger communities.' 'This community honors the legacy of Dr. Cofield as well as being in close proximity to some of the City's foremost health and wellness centers, the Peace Garden and places of innovation and technology,' said Karen DuBois-Walton, President & CEO of The Community Foundation for Greater New Haven, 'And our hope for this property and its residents is that they experience well-being, peace, and a great quality of life.' About The NHP Foundation (NHPF)The NHP Foundation (NHPF) is a 501(c)(3) not-for-profit real estate corporation founded in 1989. With over three decades of experience in affordable housing acquisition, investment, development and construction, NHPF's team brings together deep knowledge of real estate fundamentals, attention to changing resident and community needs, and the expertise required to make sound investment decisions. We are also committed to providing equitable, tailored resident services programs, powered by our subsidiary, Operation Pathways, which offers Family-Centered Coaching to families facing poverty and hardship. Through strategic partnerships with financial institutions, the public sector, faith-based organizations, and other nonprofits, NHPF currently owns and operates 63 properties across 16 states and the District of Columbia serving over 25,000 residents. For more information, please visit About West River SHIPFounded in 2001, West River SHIP is the New Haven 'SHIP' of a national movement of self-help investment plans (SHIPs) active since the 1960s and organized by African Americans, who pooled resources to undertake development in their communities not having been able to gain access to capital through traditional banks and financiers. West River SHIP's mission is to promote the participation of African Americans and other racial minorities in community development who have historically been excluded from development. SHIPs were begun by the Self-Help Principals of the late Rev. Dr. Leon Sullivan, author of 'Build Brother Build: From Poverty to Economic Power.
Yahoo
22-05-2025
- Business
- Yahoo
The NHP Foundation and Henson Development Company Open the Doors to Park Heights Senior Apartments
Development is first phase of $400M Neighborhood Revitalization Plan BALTIMORE, May 22, 2025 /PRNewswire/ -- The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, partnered with The Henson Development Company (Henson), the City of Baltimore, the Maryland Department of Housing and Community Development (DHCD), and Park Heights Renaissance Community Development Corporation (CDC) to celebrate the ribbon-cutting of The Terraces at Park Heights—a $52 million development delivering 100 affordable one- and two-bedroom homes for seniors in Northwest Baltimore. This milestone marks the first phase of a sweeping transformation of the 17.3-acre Park Heights Master Redevelopment Area (MRA), designed to revitalize a historically under-invested community into a vibrant, mixed-income, multi-generational neighborhood. The master redevelopment plan includes NHPF and Henson's 90-unit single-family home community, affordable multifamily building and new green spaces. This is expected to further support the neighborhood revitalization efforts which include the new Enoch Pratt Free Library as well as an overhaul of Pimlico Racecourse. Distinguished guests at the ceremony included Maryland Governor Wes Moore and First Lady of Maryland Dawn Moore, Baltimore Mayor Brandon M. Scott, and First Lady of Baltimore City Hana Scott, Councilwoman Sharon Green Middleton, Housing Commissioner Alice Kennedy, Delegate Sandy Rosenberg, Senator Antonio Hayes, Park Heights Renaissance CEO Yolanda Jiggetts, and Elizabeth Tatum, Acting Director, Mayor's Office of Recovery Programs, and Delegates Malcolm Ruff and Sean Stinnett. "Since taking office, we've invested more than $75 million into Park Heights to create jobs, grow the economy, and open pathways to work, wages, and wealth for Baltimoreans," said Gov. Wes Moore. "This project marks the next chapter in our work, and it will transform the city by ensuring seniors have access to affordable housing and a safe, vibrant community. When we say this is Maryland's decade and Baltimore's time, it's partnerships like this one that show us what that looks like." Major Announcements Unveiled at the Event: The overall master-planned community will be called Cloverbrook Green. Cloverbrook was the first horse to win the Preakness Stakes that had been bred and trained in Maryland. The community will offer an array of "green" features including solar-powered common areas and energy-efficient appliances. 90+ single-family homes with a targeted construction start of 2026. A 59-unit affordable multifamily rental building will be named The Anderson, commemorating George "Spider" Anderson's legacy. A new sculpture of Anderson—one of only two African American jockeys to win the Preakness in its 150-year history—was unveiled along with other outdoor artwork created by Art with a Heart, a local organization dedicated to using art to enrich lives, bridge divides, and forge the leaders of tomorrow. George "Spider" Anderson was the first African American to win the Preakness Stakes on May 10, 1889 and May 10th, 2025, the date of the Ribbon cutting was the 136th anniversary of his win. A mural by Baltimore based multi-hyphenate artist LaToya Peoples that honors the history of people of color in the racing industry and celebrates Baltimore's heritage. "We see this as a unique opportunity to merge Baltimore's rich history with innovative, forward-thinking development that will reestablish this area as a cornerstone of economic and social activity," said Dana Henson, Vice President, Principal, The Henson Development Company, Inc. "There's a story here waiting to be retold, and we're excited to craft a narrative that blends the area's historic vibrancy with new opportunities for growth, connection, and celebration." The event featured citations from both the Mayor's office and Senator Chris Van Hollen and representatives from the many vendors responsible for the project's completion: Southway Builders, Torti Gallas & Partners, STV Inc., D.W. Kozera, and Environmental Health Consultants. The celebration aligned with the 150th running of the Preakness Stakes and the 4th Annual George "Spider" Anderson Music & Arts Festival, reinforcing the neighborhood's cultural ties to Baltimore's racing history. "You can see my family's home from the Terraces, so this groundbreaking is especially meaningful to me," said Baltimore Mayor Brandon M. Scott. "For many years, folks thought a project like this one, in Park Heights, was impossible. But here we are. This is the story of a neighborhood that never gave up, that stayed committed, and that came together to do the impossible. I couldn't be prouder to be a son of Park Heights—especially today—and I'm grateful to each and every member of the community who helped make this a reality." Funding partners for the development include: $8.7M – U.S. Department of Housing and Urban Development (HUD) $22.5M – Tax credit equity from R4 Capital and Aetna, a CVS Health Company $13.3M – City of Baltimore $5.4M – Maryland CDA $2.1M – Deferred developer fees Additionally, through community quarterback Park Heights Renaissance, Governor Moore's Office of Children funded the ENOUGH Grant Program which contributed $300,000 toward a new onsite maker space, providing hands-on creative programming for residents and the surrounding community. "In partnership with our state, city and local partners, we are helping to restore Park Heights' position as one of the most prominent and sought after neighborhoods in the City," said Mansur Abdul-Malik, Senior Vice President, NHPF. "The new maker space reflects our commitment to investing in people and places which we feel are the two most important ingredients for any neighborhood revitalization effort." Community-Driven, Sustainable Design The Terraces at Park Heights incorporates rooftop, carport, and gazebo-mounted solar panels, battery backup power, and meet the National Green Building Standards. Amenities include a fitness center, library, computer lab, coffee bar, and lounge areas, along with original artwork and photography celebrating the neighborhood's horseracing legacy. Resident services will be provided onsite by Operation Pathways, NHPF's dedicated resident services subsidiary. "Housing is the foundation of strong communities. We are committed to building public-private partnerships that drive long-term change," said Eric Price, President and CEO of NHPF, "Though the road hasn't always been easy, we have remained true to our commitment—to the City and to the residents of Park Heights—to help make this a place where people want to live, grow, and thrive." About The NHP Foundation (NHPF)The NHP Foundation (NHPF) is a 501(c)(3) not-for-profit real estate corporation founded in 1989. With over three decades of experience in affordable housing acquisition, investment, development and construction, NHPF's team brings together deep knowledge of real estate fundamentals, attention to changing resident and community needs, and the expertise required to make sound investment decisions. We are also committed to providing equitable, tailored resident services programs, powered by our subsidiary, Operation Pathways, which offers Family-Centered Coaching to families facing poverty and hardship. Through strategic partnerships with financial institutions, the public sector, faith-based organizations, and other nonprofits, NHPF currently owns and operates 63 properties across 16 states and the District of Columbia serving over 25,000 residents. For more information, please visit About The Henson Development CompanyTHE HENSON DEVELOPMENT COMPANY, INC. (THC), a 100% family owned and operated minority-owned business enterprise, is a fully integrated real estate developer, consultant and program manager based in Baltimore, Maryland. The president and founder of THC is Dan Henson, a successful developer who has a distinguished private and public sector career in housing. Founded in 2000, the company is committed to providing full service real estate development services in urban and progressive communities. THC has had particularly detailed experience with re-energizing former public housing developments into mixed-income, mixed-use communities for more sustainable and stable communities, offering a comprehensive vehicle to revitalize neighborhoods that nurture and support an improved quality of life for the families who reside there. THC has worked on or is currently working on real estate development projects totaling over $600 Million – 3,000 units in Baltimore, Maryland, Washington, D.C. and Florida. Additionally, THC serves as a consultant on numerous assignments across the country. View original content to download multimedia: SOURCE NHP Foundation
Yahoo
14-04-2025
- Business
- Yahoo
Ribbon-Cutting Celebrated Completion of RoseMary's Place--New $45 Million Affordable Housing Community for Houstonians Exiting Homelessness
HOUSTON, April 14, 2025 /PRNewswire/ -- The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, celebrated the grand opening of RoseMary's Place on Wednesday, April 9, 2025, with a ribbon-cutting ceremony at 3300 Caroline Street in Midtown Houston. The $45 million community adds 149 affordable rental units and is dedicated to individuals exiting homelessness. This milestone marked the completion of a project launched in February 2023 and built through a robust public-private partnership. The new property features two floors of efficiency apartments and provides permanent supportive housing (PSH) services in collaboration with Magnificat Houses Inc. (MHI). Speakers at the ribbon-cutting included: Eric Price, President & CEO, The NHP Foundation Dr. Carolyn Evans-Shabazz, Council Member, District D Derek Sellers, Deputy Director, Houston Housing & Community Development Department Thao Costis, Executive Director, Harris County Housing & Community Development Eva Thibaudeau-Graczyk, Director of Supportive Housing, NHPF Jamie Bryant, President & CEO, Houston Housing Authority Maureen Sanders, Executive Director, Magnificat Houses, Inc. Members of the Missionary Sisters of Mary of the Eucharist and Missionary Sisters of Mary Immaculate "RoseMary's Place is a shining example of how strategic partnerships and compassion can transform lives," said Dr. Carolyn Evans-Shabazz, Houston City Council Member, District D. "In District D 'The District of Destination' we are committed to ensuring all Houstonians have access to safe, dignified, and supportive housing. This project not only offers shelter, it offers hope and healing." The celebration featured a ceremonial ribbon-cutting, lunch, and guided tours of property. "With RoseMary's Place, NHPF hopes to help end chronic homelessness in Houston," said Neal Drobenare, Senior Vice President of Acquisitions for NHPF and lead developer of the property. "The stable housing and services provided will give residents opportunities to live happy and productive lives." Funding for the project included: $18.7 million from the City of Houston Housing and Community Development Department $10.2 million from Harris County Community Services Department $13.6 million from the sale of tax credits to Hudson Housing $2.4 million sponsor loan from Magnificat Houses Inc. The four-story building includes property management offices, PSH services, three multipurpose rooms, two gathering areas, a warming kitchen, and a 24-hour staffed entry desk. "The Magnificat community is overjoyed to welcome RoseMary's Place, and its 149 residents, onto our campus and into our hearts," said Maureen Sanders, Executive Director of MHI. "We appreciate NHPF for its foresight in recognizing community support as key to healing homelessness—and for naming their building after our founder, Rose Mary Badami." According to the Coalition for the Homeless of Houston/Harris County, over 3,200 individuals experience homelessness on any given night in the region. RoseMary's Place is a critical step toward reducing that number and offering long-term, dignified solutions. About The NHP Foundation (NHPF)The NHP Foundation (NHPF) is a 501(c)(3) not-for-profit real estate corporation founded in 1989. With over three decades of experience in affordable housing acquisition, investment, development and construction, NHPF's team brings together deep knowledge of real estate fundamentals, attention to changing resident and community needs, and the expertise required to make sound investment decisions. We are also committed to providing equitable, tailored resident services programs, powered by our subsidiary, Operation Pathways, which offers Family-Centered Coaching to families facing poverty and hardship. Through strategic partnerships with financial institutions, the public sector, faith-based organizations, and other nonprofits, NHPF currently owns and manages 65 properties across 16 states and the District of Columbia serving over 25,000 residents. For more information, please visit About Magnificat Houses Inc. (MHI)Founded in 1968, MHI provides shelter, mental health support, and free meals to Houston's most vulnerable. Through transitional homes, mental health programs, and the Loaves & Fishes soup kitchen, MHI serves thousands annually. Visit for more information. View original content to download multimedia: SOURCE NHP Foundation Sign in to access your portfolio
