NEW YORK, Dec. 23, 2019 /PRNewswire-PRWeb/ — National not-for-profit The NHP Foundation (“NHPF”) has been awarded a 2019 aggressive Affordable Apartment Affairs (“AHP”) accolade in the bulk of $900,000 appear the canning of The Mark Twain, a 90-year old alloyed use Single Room Occupancy (“SRO”) acreage the alignment acquired in 2016. The accolade was fabricated accessible through NHPF’s affiliation with Association Investment Association (“CIC”) who is a affiliate of the Federal Home Accommodation Bank of Chicago. NHPF additionally ally with The Association for Supportive Apartment (“CSH”), who provided both predevelopment accommodation allotment and abetment with Chicago’s Coordinated Entry System, which makes it accessible for The Mark Twain to accommodate a allocation of the apartment to the abandoned and to those with appropriate needs.
“NHPF and CIC are to be commended for their focus on attention The Mark Twain as affordable apartment for some of Chicago’s best accessible people,” said Deb De Santis, President and CEO of CSH. “SRO canning is basic in Chicago area it plays an important role in attention and accouterment absolute apartment opportunities, reinforcing association efforts to ensure anybody has a abiding home of their own.”
For- and not-for-profit developers, units of government, accessible apartment authorities, and tribally appointed entities administer for the aggressive AHP grants through one of the FHLBank Chicago’s 717 affiliate institutions, which accommodate bartering banks, accumulation institutions, acclaim unions, allowance companies, and association development banking institutions in Illinois and Wisconsin. NHPF’s accolade was predicated on a charge by the alignment to access Appropriate Needs/Homeless Apartment units at the property.
“Partnering with added organizations committed to creating and attention affordable apartment in Chicago makes this accolade decidedly gratifying,” said Dick Burns, President & CEO, NHPF. “We are appreciative to allotment this important admission with our affiliate partner, CIC accouterment 148 units of affordable apartment at The Mark Twain.”
The NHP Foundation began a massive advance of The Mark Twain and alteration of association beforehand this year. “We are admiring to be advancing achievement of the renovation,” added Mecky Adnani, activity advance and Sr. VP, NHPF, “And we ahead all of our abiding association to be in their anew adapted units by the end of this year.”
About The NHP Foundation Headquartered in New York City with offices in Washington, D.C., and Chicago, I.L., The NHP Foundation (NHPF) was launched on January 30, 1989, as a about accurate 501(c)(3) not-for-profit absolute acreage corporation. NHPF is committed to attention and creating sustainable, service-enriched multifamily apartment that is both affordable to low and abstinent assets families and seniors, and benign to their communities. NHPF additionally provides a able-bodied citizen casework affairs to about 18,000 association residents. Through partnerships with above banking institutions, the accessible sector, faith-based initiatives, and added not-for-profit organizations, NHPF has 53 properties, including added than 8,000 units, in 15 states and the District of Columbia. For added information, appointment https://www.nhpfoundation.org.
SOURCE NHP Foundation
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