Trustee, President & CEO
The NHP Foundation
Eric Price has dedicated more than 30 years of his career to the preservation and creation of affordable housing. Joining NHPF in early 2019 as Senior Vice President, he immediately began shaping the organization’s strategic direction, driving innovation, and expanding into new markets. Most recently as President, Price spearheaded the issuance of NHPF’s first $75 million social bond in 2023, earning an AA- rating from Standard & Poor’s—the highest rating ever achieved by a nonprofit social housing provider. Additionally, he secured NHPF’s first award from the CDFI Fund’s Capital Magnet Fund.
Mr. Price previously served as Deputy Mayor for Planning and Economic Development in Washington, DC where he was responsible for managing several City agencies with a combined $120 million annual budget. During his tenure, he created funding for the City’s Housing Production Trust Fund (HPTF), establishing a dedicated tax revenue which since 2015 has invested approximately $1 billion in affordable housing throughout the City. In addition, he oversaw a successful $300 million Tax Increment Financing (TIF) Program, providing jobs and neighborhood retail investment throughout the City.
During Mr. Price’s career he has held leadership positions in community development, affordable housing finance and with for-profit developers, allowing him to build deep experience in all facets of NHPF’s business. He served as Executive Vice President of the AFL-CIO Housing Investment Trust, where he originated debt financing through Housing Finance Agencies, FHA mortgage bankers, and partnered with nonprofit and for-profit multifamily developers. Price also led a Community Development Entity which deployed $185 million in New Market Tax Credits and has held executive positions with the Local Initiatives Support Corporation (LISC) and Abdo Development, among others.
