Patrick Fry has more than 16 years experience financing and developing affordable multifamily housing. He has served at NHPF since 2008 as a Senior Vice President overseeing the acquisition, development, disposition and financing of affordable housing properties. His experience at NHPF includes closing over $77 million in acquisition/ rehabilitation and new construction federal low income housing tax credit (‘LIHTC’) transactions using a variety of debt, equity and gap funding sources. Mr. Fry has successfully administered over $42 million in federal program awards.
He is well versed in the development-related program and compliance aspects of the LIHTC program and tax exempt bond financing, as well as experienced in conducting renovations and new construction activities in compliance with federal, state and local requirements related to tenant relocation, environmental remediation, prevailing wage standards, local resident and MBE/WBE hiring and accessibility requirements.
Prior to joining The NHP Foundation, Mr. Fry was a municipal bond investment banker specializing in affordable housing finance. As a banker to not-for-profit and for-profit affordable housing developers and public housing authority clients, he completed more than 75 housing bond transactions totaling more than $1.2 billion. He served as a board member of Brooklyn Community Housing and Services, Inc., a not-for-profit supportive housing organization, from 2003 to 2012. He received a BA from the University of Redlands and an MBA from the Yale School of Management.