Neal T. Drobenare joined The NHP Foundation in 2010. He is responsible for acquisitions. During his time at The Foundation, Mr. Drobenare has acquired seven properties totaling 1,072 units. Throughout his career, Mr. Drobenare has developed, acquired or financed over 20,000 units of affordable housing and raised over $60 million for not-for-profits. Additionally he has been responsible for increasing annual multifamily private activity new bond issues.
Throughout his career, Mr. Drobenare has guided over $98 million worth of investments through the acquisition and underwriting process. Of that amount, acquisitions totaling more than $69 million in value were added to the NHPF portfolio. His development duties have included the successful administration of $43 million in federal program awards. That total includes $16 million in development funding benefiting the NHPF portfolio.
Mr. Drobenare serves on the board of the National Affordable Housing Trust (NAHT) and Housing Partnership Equity Trust (HPET). Additionally, he serves on NAHT’s investment committee, is chair of HPET’s Investment Committee, and is a founder of HPET.
Earlier in his career, Mr. Drobenare worked for the Washington, DC Deputy Mayor for Planning and Economic Development as special assistant, the DC Department of Housing and Community Development as Chief Operating Officer, and the DC Housing Finance Agency as Bond Finance Director. He has a BA from SUNY at Stony Brook and received his JD cum laude from SUNY Buffalo School of Law.