NHT Updates
Policy makers should ensure that families across the country maintain their homes through the crisis by reflecting these core principles.
NHT is alarmed by a growing trend of private investors in Low-Income Housing Tax Credit (Housing Credit) partnerships starting to systematically challenge the transfer rights of nonprofit general partners and disrupt the normal exit process, threatening the long-term affordability of properties and the well-being of residents with low incomes. We have developed a “red flags” list to help Housing Credit developers and affordable housing stakeholders identify if a property approaching Year 15 may be at risk of a threat or dispute with an investor.
Last month, Where Will We Live (WWWL) collaborated with the National Association of Local Housing Finance Agencies (NALHFA) on the latest episode of their Affordable Housing Podcast.
The stories in the Where Will We Live? gallery paint a vivid picture that helps to explain a complicated issue, demonstrating that a well-documented story can change perspectives and inspire action through empathy and shared experiences. This toolkit will help other housing advocates do the same.
NHT and HAND convened D.C. affordable housing advocates, developers, and owners to discuss how to implement the District’s new Building Energy Performance Standards (BEPS) in affordable housing.
In mid-November, NHT Communities acquired Mt. Hermon Village in Portsmouth, VA, a 90-unit community built in 1982 under the HUD 202 Program, which is restricted to residents 62 and older.