NAHPA INITIATIVES

Read About NAHPA's NEW LITC INITIATIVE!!

NAHPA accomplishes its mission through several related activities, principally serving as an intermediary assisting local non-profits purchase and rehabilitate Section 515 properties. NAHPA works with USDA officials, private lenders, and representatives of the nation’s secondary mortgage market to structure financing options permitting Section 515 housing purchasers to subordinate existing USDA loans to new permanent first mortgages.

Although primarily interested in serving as an intermediary to guide other non-profits, under certain circumstances NAHPA is prepared to step forward as the buyer of record of a threatened Section 515 property. NAHPA also has pursued new construction joint ventures with local housing developers, securing financing under the Federal Home Loan Bank’s affordable housing program or through state housing finance agency low-income tax credits.

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©2008 National Affordable Housing Preservation Associates, Inc.