Richard Burns joined The NHP Foundation (NHPF) as trustee, president and chief executive officer in 2009. Since that time he has overseen the $226 million acquisition of 28 properties representing over 8,000 units. In addition, Mr. Burns created a $50 million predevelopment/acquisition fund, and working closely with partner organizations, underwrote the funding for eight affordable housing complexes, with 1,320 units. During his tenure at NHPF, Mr. Burns has led the efforts to secure $483 million in development funding using the Low-Income Housing Tax Credit (LIHTC), which he calls the “affordable housing industry’s most successful production tool.”
Mr. Burns is a real estate investment professional with over 40 years of experience managing money for pension funds and other institutional investors, both domestic and foreign. Mr. Burns has participated in the start-up of three real estate investment management firms where he was a senior partner, and has had extensive experience investing in multifamily real estate. While a partner in one of the largest affordable multifamily investment firms, Mr. Burns gained experience with the various government programs available for affordable housing. This experience, combined with his in-depth knowledge of apartments and years of work on not-for-profit boards, allows him to lead The Foundation in its mission to provide quality, affordable, rental housing and resident services for low and moderate income families and seniors.
Mr. Burns earned a BS from Boston College and a MBA from Boston University.