America’s housing challenges will only get worse unless we continue building strong public-private partnerships to overcome them. NHPF can attribute many of its successful projects to the involvement of one or more partners from the private and public sectors. Working together, we have been able to use commercial bank financing, permanent tax-exempt bonds, and Low-Income Housing Tax Credits (LIHTCs) to preserve existing buildings as affordable housing.

Enough cannot be said about the importance of LIHTCs to successful public-private partnerships. Since 1986, the use of LIHTCs by these partnerships nationwide has led to the creation of nearly 2.8 million affordable housing units, guaranteed the need for 96,000 jobs year in and year out, and boosted local economies with approximately $3.5 billion in taxes and other revenues annually.

Today, NHPF proudly works in partnership with our Affiliate Program members, major financial institutions, public sector agencies, faith-based organizations, housing finance agencies and other not-for-profit entities.

And we aren’t stopping there. Current data point to a crisis in housing the “high utilizer” homeless who overtax our emergency rooms and clinics with nowhere else to go. In its quest to meet this growing affordable housing need, NHPF is currently exploring strategies including the idea of a new collaborative funding model of privatized housing vouchers. The organization is speaking to traditional funders, impact and high-wealth individual donors as well as the healthcare community to develop innovative partnerships to take this idea to the next level.

These partners and strategies make it possible to protect affordable housing from the market pressures for rental rate increases and condo conversions. Their investments also provide the stimulus to improve surrounding properties and stabilize neighborhoods where NHPF properties are located. We invite you to learn more about our partners in the Creating Communities section of our website.