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NALHFA Launches COVID-19 Resource Center

Posted By NALHFA, Wednesday, March 25, 2020
In light of COVID-19, NALHFA has created aresource centerwith tools and resources on how the federal government is responding to the COVID-19 pandemic. There are sections on Congress, the White House, HUD, FHFA, and others, all focused on the implications local housing finance agencies are facing during the crisis.
Additionally, the page highlights some of NALHFA’s advocacy efforts in response to COVID-19:
  • NALHFA, as part of the CDBG Coalition, has signed onto letters tothe Senateand theHouserequesting additional funding and statutory relief for CDBG and HOME.
  • NALHFA and the ACTION Campaigncirculated a letterurging the Congress to extend three key deadlines for the Low Income Housing Tax Credit program in a COVID-19 stimulus package.
  • NALHFA supports and endorses theAddressing Affordable Housing Challenges in the Midst of COVID-19letter, which was sent to key Congressional members urging to keep affordable housing as a priority in any COVID-19 stimulus package.
NALHFA's COVID-19 Resource Center is updated daily as new information becomes available.
If you have any questions or feedback related to the resource center or NALHFA's response to the health crisis, contact Katelynn Harris, Policy Director at

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NALHFA Cancels Annual Conference Scheduled for May

Posted By NALHFA, Friday, March 20, 2020
Updated: Tuesday, March 24, 2020
Dear NALHFA Members,

On behalf of the National Association of Local Housing Finance Agencies (NALHFA) Board of Directors, I want to express that the health and safety of our conference attendees is and always will be our first priority. The novel coronavirus (COVID-19) continues to affect people throughout the world, and the situation is fluid, with information changing daily. 

After careful consideration, dialogue with key stakeholders and legal counsel, as well as considerable evaluation of the evolving concerns surrounding COVID-19, the NALHFA Board of Directors has decided to cancel the Annual Conference, scheduled for May 6 – 9 in New York City. It is NALHFA’s hope to be able to postpone the conference to the fall and we are currently working with the hotel regarding our options to do so. 

NALHFA has been intently monitoring developments regarding COVID-19 and have been following the information about the outbreak from the World Health Organization (WHO) and the US Centers for Disease Control and Prevention (CDC), among others. 

The ongoing spread of COVID-19 has resulted in mounting concern over health safety, along with increased travel advisories and government health warnings. With this information and directive, it became clear that the most responsible path forward is to cancel the conference with the intent to postpone this fall. 

NALHFA will be sharing more information regarding issuing registration refunds and sponsorships in the coming week. The New York Hilton Midtown has already initiated refunding deposits for conference attendees. If you have not heard from the hotel you are encouraged to reach out directly. 

NALHFA appreciates your understanding and the ongoing support that our attendees, sponsors and industry partners have shown. 

Should you have any questions, please feel free to contact me at 

Jonathan M. Paine, CAE
NALHFA Executive Director 

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NALHFA Mourns Board Member Todd Lee of DCHFA

Posted By Administration, Monday, January 6, 2020

It is with a heavy heart that NALHFA shares the passing of Board Member Todd Lee, Executive Director and CEO of the DC Housing Finance Agency (DCHFA). Todd, 51, is survived by his wife and two children. NALHFA extends our heartfelt condolences to the Lee family during this time. Todd was deeply committed to affordable housing and commercial real estate, with over 30 years in the industry. Todd served as the Executive Director and CEO of the DCHFA since 2016 and served on NALHFA’s Board of Directors since 2017.


Read NALHFA's full statement here

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NALHFA Member Spotlight: Housing Finance Authority of Pinellas County

Posted By Administration, Tuesday, July 30, 2019
Updated: Tuesday, July 30, 2019

During its 2019 Annual Conference, NALHFA presented the Housing Finance Authority of Pinellas County with the HOME Excellence award in recognition of the Palms of Pinellas project.


Palms of Pinellas represents the dedication of public and private organizations working together to meet the need for affordable workforce housing for teachers, hospital employees and more in Pinellas County. This 92-unit, mixed income, development embodies the vision and spirit of the many people and organization working to increase affordable workforce housing in our community. Of the 92 units, 19 units are set aside as Low Home at 50% AMI, 10 units are set aside as High Home at 80% AMI, 19 units are set aside as 50% AMI with SHIP rent limitations, 19 units are set aside as 120% AMI with SHIP rent limitations and 25 units have no program or rent restrictions but cannot exceed 150% AMI.


A market study, conducted in 2015, at the beginning of this project, concluded the project would be well suited to this mixed-use area, best described as moderate-income with median and average incomes increasing. The 4.98-acre site is located near the intersection of Ulmerton Road and Belcher Road, both primary thoroughfare roads in Pinellas County. The neighborhood offers a wide variety of employment and shopping opportunities. The location of this project places it within a reasonable commuting distance to many potential employers. The project is nearing completion and had approximately 69% of the units leased at the end of January 2019. Targeted marketing efforts are being focused on all Pinellas County School teachers and local hospitals. There is also a Preferred Employee Program offered to existing large corporations and neighboring businesses.


The 4.98 acres was purchased using funds from the Penny for Pinellas surtax program. Funds from this surtax are invested in infrastructure, public safety equipment and vehicles, environmental land acquisition, fire stations, parks, libraries, community centers and land for affordable housing. The Housing Finance Authority of Pinellas (HFA) administers the Land Assembly Fund portion of this program for Pinellas County. Once the land is purchased it is put into a land trust, with the HFA as Trustee. The HFA, as Trustee, then leases the land to the Developer for 99 years, ensuring continued affordability. 

Tags:  Member Spotlight 


NALHFA Member Spotlight: New York City Housing Development Corporation

Posted By Administration, Thursday, July 25, 2019
Updated: Thursday, July 18, 2019

During its 2019 Annual Conference, NALHFA presented the New York City Housing Development Corporation with the Redevelopment Excellence award in recognition of the ADC Genesis Year 15 Resyndication project.


The project involved the transfer of ownership, financial restructuring of debt and rehabilitation of a scattered-site portfolio of 28 multifamily rental apartment buildings providing an extraordinary and far reaching benefit to the community by not only protecting the 358 existing low-income households that would otherwise be at-risk of displacement, but also by contributing to the long-term affordability and diversity of the increasingly high-cost Harlem neighborhood of Manhattan.


The ADC Genesis portfolio of buildings was initially constructed during the span of 1899 to 1935 dating the building portfolio at roughly 100 years old. The buildings range from four to eight stories in height, typically with a basement-level boiler room and apartment sizes ranging from studios to three bedroom units. There are seven retail spaces within the properties, averaging 570 square feet each, as well as two community spaces. Six of the buildings have an elevator, while the remaining buildings are walk-ups


The ADC Genesis portfolio will remain affordable for a minimum of 30 years, with 324 units at 60% AMI and 28 units at 50% AMI. 70 units in the portfolio are reserved for formerly homeless households.

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Harvard JCHS Director to Speak at NALHFA Legislative Conference

Posted By Administration, Wednesday, July 24, 2019

NALHFA is pleased to announce the confirmation of Dr. Chris Herbert as a speaker at the 2019 NALHA Legislative Conference. Dr. Herbert is the managing director at the Joint Center for Housing Studies at Harvard University and has extensive experience conducting research related to housing policy and urban development, both in the U.S. and abroad. A key focus of his research has been on the financial and demographic dimensions of homeownership, and the implications for homeownership policy of the recession, housing bust, and foreclosure crisis. Having previously worked at the Center in the 1990s, Herbert rejoined the Center in 2010 from Abt Associates, to serve as the Director of Research. In this role, Dr. Herbert led the team responsible for producing the Center’s annual State of the Nation’s Housing and its biennial America’s Rental Housing reports, essential resources for both public and private decision makers in the housing industry. 


Dr. Herbert was named managing director of the Center in 2015, and oversees the Center’s diverse sponsored research programs, its local and national conferences and symposia, as well as its student fellowship programs, designed to help train and inspire the next generation of housing leaders. He is also a Lecturer at the Harvard Graduate School of Design in the Department of Urban Planning and Design.

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Congressional Leaders and Trump Administration Reach Budget Deal

Posted By Administration, Wednesday, July 24, 2019

Yesterday, Congressional leadership and President Trump reached a $1.3 trillion tentative bipartisan budget deal. The proposal includes $320 billion in additional spending over two years and suspend the federal debt ceiling until July 31, 2021 and includes $77 billion in offsets. Under the agreement, domestic programs will receive a 4.5% increase in funding over Fiscal Year 2019 levels, which is $15 billion less than the amounts included in the House-approved spending bills.


However, the agreement must still must be passed by both chambers of Congress. The House is expected to vote on the deal by the end of this week before departing for a six-week recess. The Senate will be in session for an additional week and is expected to take up the deal next week. Lawmakers have the month of September to fund the next fiscal year before the government shuts down.


NALHFA will continue to monitor the budget process and will keep members up-to-date on any progress. Please contact Katelynn at with any questions or concerns.

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NALHFA Member Spotlight: Housing Opportunities Commission of Montgomery County

Posted By Administration, Thursday, July 11, 2019
Updated: Thursday, July 11, 2019

During its 2019 Annual Conference, NALHFA presented the Housing Opportunities Commission of Montgomery County with the Multifamily Excellence award in recognition of The Lindley.


In Montgomery County and across the nation, rents continue to outpace wage growth, particularly for the lowest-income workers. Nowhere in the country can a family afford to rent a modest, two-bedroom apartment on the minimum wage. In Montgomery County alone, the median household income is $103,178 while the average annual income for HOC customers receiving housing subsidies – most of whom work or are seniors or persons with disabilities – is $18,600. Furthermore, as government resources for affordable housing development disappear, both subsidized and naturally-occurring affordable housing options have become increasingly scarce. As a result, many low- and moderate-income households are forced to seek housing options in far-flung parts of the county without suitable public transit options or connections to high-performing schools.

In response, HOC looked for more sustainable alternatives to fund affordable housing development through an innovative financing strategy for The Lindley in Chevy Chase, Maryland. With The Lindley, HOC became the first Public Housing Authority in the country to include private foundation capital as a source of equity while also maintaining principal control and ownership of the property. Furthermore, the development of the Purple Line light rail connecting Montgomery and Prince George’s Counties presented an opportunity to increase affordable units near a future transit hub, connecting residents to community resources, high-performing schools and employment opportunities.

Maintaining a shared dedication to increasing affordable housing, HOC partnered with Bethesda-based residential developer EYA to increase density at the property. Selling a portion of the original site to EYA and consolidating the low-rise garden apartments into a 200-unit high-rise building allowed HOC to leverage the value of the land in highly desirable Chevy Chase, Maryland. Furthermore, HOC embarked upon a partnership with the Morris and Gwendolyn Cafritz Foundation to include private equity as a source of development funds. The Lindley is the first mixed-income affordable housing property in the nation to use private foundation funding as a source of equity.

While partnerships are pivotal to the sustainability of affordable housing finance and development, HOC maintains as a guiding principle that ownership by Public Housing Authorities or other mission-driven, nonprofit developers is key to ensuring affordability for the long-term. To ensure the retention of affordable units, it was critical for HOC to maintain ownership of The Lindley. These unconventional and crucial public-private partnerships helped ensure successful execution and delivery of The Lindley to the Chevy Chase community.


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NALHFA Member Spotlight: Housing Finance Authority of Miami-Dade County

Posted By Administration, Tuesday, July 2, 2019
Updated: Wednesday, June 12, 2019

During its 2019 Annual Conference, NALHFA presented the Housing Finance Authority of Miami-Dade County with the Redevelopment Excellence award in recognition of Courtside Family Apartments.


Courtside Family Apartments is the first of a three-phased master planned community; each phase of the revitalization initiative will provide much needed affordable housing. Retired NBA star, Alonzo Mourning conceptualized Courtside Family Apartments to continue his charitable work in the City of Miami in line with establishment of the Overtown Youth Center and creation of his annual community outreach events, “Zo’s Summer Grove” and Zo’s Winter Grove.”

The property was secured by Mr. Mourning via a 65-year ground lease on approximately four (4) acres of land on the grounds on the post-civil rights era Culmer Center in Overtown where over 50% of the population lives below the federal poverty level.  The development is located on Miami-Dade County–owned land it shares with the Culmer Neighborhood Community Service Center and which provides social services to the area’s low-income residents. 

Courtside Family Apartments is an 84-unit affordable housing development located at 1700 NW 4th Avenue in Miami’s historic Overtown neighborhood. Courtside Family Apartments is an affordable (60% or less of AMI), 6-story mid-rise residential community that includes 10 one-bedroom, one-bath apartments; 53 two-bedroom, two-bath units; 21 three-bedroom, two-bath units; and four live-work units. Located in Miami’s historic Overtown Neighborhood where, according to 2013 Census data, approximately 62% of Overtown's 13,000-plus residents are African American and a third are of Hispanic descent.


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Bipartisan Legislation Introduced to Close Low Income Housing Tax Credit Loophole

Posted By Administration, Thursday, June 27, 2019

WASHINGTON, DC – Yesterday, Senator Ron Wyden (D-OR) and Senator Todd Young (R-IN) introduced a bipartisan bill, the Save Affordable Housing Act of 2019, that would make a critical correction to the Qualified Contract (QC) provision in Section 42 of the Internal Revenue Code that will save thousands of Low-Income Housing Tax Credit (Housing Credit) properties from prematurely converting to market rate. Representatives Joe Negues (D-CO) and Jackie Walorski (R-IN) introduced companion legislation in the House of Representatives.


“The Low Income Housing Tax Credit has proven to be a critical tool for spurring investment in affordable rental housing and providing stability for low-income Americans, including veterans, seniors, and those with special needs,” Congresswoman Walorski said. “By maintaining the availability of affordable rental units, this bipartisan bill will ensure the program continues to give workers and families a better opportunity to achieve the American Dream.”


The Save Affordable Housing Act would a close a loophole that currently allows owners the ability to convert affordable housing units to market rate 15 years earlier than the program was intended. Since 2017, nearly 50,000 affordable units have been lost at an increasing rate due to QCs. The Save Affordable Housing Act would eliminate the qualified contract for Housing Credit properties receiving allocations after January 1, 2019.


“The lack of affordable housing is at crisis levels in communities all over America. At a time when we desperately need to build new affordable housing, we’re losing thousands of units per year to this loophole,” Senator Wyden said. “Saving existing affordable housing units is essential to any effort to address our housing crisis. This is a no-brainer.”


NALHFA applauds this bipartisan legislation aimed at preventing the premature loss of Low Income Housing Tax Credit and will continue to monitor any development on the legislation. Please contact Katelynn Harris at for any questions or concerns.

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2020 NALHFA Virtual Conference

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