ABOUT US: SENIOR MANAGEMENT TEAM: ERIC W. PRICE

Eric W. Price
Senior Vice President, Development
The NHP Foundation

Eric Price joined NHPF in early 2019, with over 30 years experience in the development and financing of affordable housing and community development. In his role at NHPF he provides technical support and oversight for real estate development activities in areas of project management, development, and finance. He previously worked at the AFL-CIO Housing Investment Trust (HIT) where he served as EVP of the HIT and CEO for the HIT Advisors and Building America CDE. While at HIT he was responsible for originating debt financing through Housing Finance Agencies, FHA mortgage bankers, and multifamily nonprofit and for profit developers. He also formed and led a subsidiary dedicated to receiving and allocating New Market Tax Credits. Since 2011 Building America CDE has received $185 million in NMTC and has invested in 17 transactions in severely distressed neighborhoods nationwide. Mr. Price also served as SVP for Abdo Development, responsible for all phases of multifamily residential development. He also served for five years as Deputy Mayor for Planning and Economic Development for the District of Columbia where he managed an annual operating and capital budget of over $120 million and increased the District’s annual financing of affordable housing units from less than 500 units to over 2,500 units annually. In this role Mr. Price also had responsibility for oversight and management of the Department of Housing and Community Development, DC Housing Finance Agency and the DC Housing Authority.

Mr. Price has served on a number of public and private Boards including DC Housing Authority, Anacostia Waterfront Corporation,  Washington Hospital Center, and the Medstar Investment Committee.  He currently serves on the Board of Casey Trees, DC Prep Academy, the National Low Income Housing Coalition, and the New Markets Tax Credit Coalition.

Mr. Price holds a Bachelor’s degree from the University of California at Los Angeles and a Master of Business Administration from the Fuqua School of Business at Duke University.