NHPF remains very concerned regarding the overall health and well-being of our 25,000 residents during the Covid-19 crisis. We have been actively working with our third-party management companies in taking steps such as increased cleaning of common areas, limiting resident contact except for emergency situations and, through our resident services program subsidiary Operation Pathways, providing information about resources for financial assistance, food, medicine, transportation, and needed supplies. In addition, we have placed a moratorium on all evictions for non-payment of rent for the duration of this crisis and are actively engaging our residents who have been financially impacted to discuss payment plans. We fully appreciate the social and emotional tolls the length of this crisis have taken on our residents and we will follow all local and state government directives regarding the reopening of our sites and community centers. The safety and well-being of our residents remains our highest priority.

Lancaster Club

Affordable Housing in Columbus, Ohio

Lancaster Club, originally constructed in 1978, is situated on 6 acres of well-maintained and landscaped grounds. The 92 unit, one-story cottage-style property features spaciously designed two and three-bedroom apartments. Each unit offers fully equipped kitchens, frost free refrigerator/freezers, garbage disposals and spacious patios. The Property also offers an on-site laundry facility, outside grills, beautiful landscaping, and community activities.

Total Cost

$4,376,990

Description
Lancaster Club is comprised of 48 two-bedroom units and 44 three-bedroom units. 100% of current households are income eligible for tax-credits (at/under 60% AMI) because all units receive rental subsidy through a project-based Housing Assistance Payment contract with HUD.

Financing
The Alpha Towers’ purchase price was $10,804,271. Secured financing and funding for
this project included:

$2,658,500PNC Debt
$1,718,490Owners Equity