National Affordable Housing Trust (NAHT)

Last week, NAHT's Senior Vice President, Capital Markets Paul Cummings joined the Mercy Housing Mountain Plains team for the ribbon cutting of Clare Gardens, including the rehabilitation and modernization of 128 homes affordable to lower income families. National Affordable Housing Trust (NAHT) is proud to be the equity partner in this community, along with our investor Morgan Stanley.

NAHT is proud to celebrate UnitedHealth Group in surpassing $1 billion in affordable housing investments, creating over 25,000 homes in 31 states and DC since 2011. This milestone, achieved through LIHTC, CRA loans, and direct investments, reflects their commitment to health equity. Their efforts include new developments, rehabilitations, and supportive services to improve residents' overall well-being. Notable projects like Aya Tower in Georgia provide affordable housing and essential community resources, enhancing health outcomes for low-income families. Read more: https://lnkd.in/eCX6ruS8

NAHT was excited to co-host a retreat with Stewards of Affordable Housing for the Future (SAHF) in Washington, DC to share, collaborate and learn more about key initiatives that impact the Affordable Housing industry. It was great to have Low Income Investment Fund's Daniel Nissenbaum moderate a panel on capital initiatives and hear from NAHT’s capital partner United Health Care, Goldman Sachs and Kresge Foundation. Stockton Williams with NCSHA joined this panel as well and shared insight from the state tax credit allocating agencies.

Last week, NAHT President and CEO Lori Little joined residents, community leaders, and partners for a ribbon-cutting to celebrate the opening of Aya Tower in East Point, Georgia. Aya Tower, an affordable residential community comprised of 88 units, opened its doors to residents in early February 2024. NAHT was honored to originate and manage UnitedHealth Group’s investment in Aya Tower with $16,594,440 provided in LIHTC Equity, in addition to Low Income Investment Fund’s $350,000 Predevelopment Loan for the project. We are proud to support the community of East Point.

This week, National Affordable Housing Trust (NAHT)'s Brian Robinson and Low Income Investment Fund's LaToya Kyle will be speaking on a panel during the Georgia Affordable Housing Coalition Conference (GAHC) in Savannah, Georgia to discuss HUD's latest funding opportunity, the Green and Resilient Retrofit Program (GRRP), with insights and perspectives from other industry leaders, Lauren Westmoreland of Stewards of Affordable Housing for the Future (SAHF) and Abe Kruger of SK Collaborative. See you in Savannah!

This week, NAHT and Low Income Investment Fund staff will be in Savannah, Georgia at the Georgia Affordable Housing Coalition Conference. We invite you to meet us at our booth to connect with NAHT’s Senior Originator (Equity), David Beidler, LIIF’s Southeast Region Vice President (Debt), LaToya Kyle, NAHT’s Director of Development Services (DAS), Brian Robinson and Amber Seely, Senior Development Advisor, and further discuss our work, explore potential collaborations, and exchange ideas to advance our collective mission of preserving and expanding access to affordable housing. We look forward to sharing our resources in lending, equity and consulting.

Last week, NAHT signed a letter in support of the bipartisan, bicameral Tax Relief for American Families and Workers Act, which would expand the critical investment needed in affordable housing supply. As a Low-Income Housing Tax Credit (LIHTC) syndicator, NAHT understands the importance of giving investors the opportunity to create transformative community impact with their capital. NAHT believes that this additional investment would move in the right direction to solve the housing crisis.

This month, Low Income Investment Fund and NAHT’s Black Developer Capital Initiative was featured as a funding source for Black developers in Urban Land Institute's article, highlighting Solutions for Black Developers to Overcome Funding Challenges. Read more: https://lnkd.in/g9avKfd7

Warm wishes for a happy holiday season from NAHT. Through our collaboration with our partners, Low Income Investment Fund and Stewards of Affordable Housing for the Future (SAHF), we continued to focus on supporting and raising capital for affordable communities and racial equity efforts. We look forward to a successful year in 2024.

Earlier this month, Low Income Investment Fund CEO Daniel Nissenbaum visited NAHT staff at our new office location in the downtown Columbus area. We look forward to continued collaboration with our Joint-Venture partners, Stewards of Affordable Housing for the Future (SAHF) and Low Income Investment Fund.