National Housing Trust (NHT) Market Research Report

Background

The National Housing Trust (NHT) is a non-profit organization dedicated to the creation and preservation of affordable housing in the United States. Established in 1986, NHT focuses on ensuring that privately owned rental housing remains part of the nation's affordable housing stock and is sustainable over time. The organization employs a comprehensive approach that includes real estate development, rehabilitation, finance, policy advocacy, and sustainable practices to achieve its mission.

Key Strategic Focus

NHT's strategic focus encompasses several core objectives:

• Preservation and Development of Affordable Housing: NHT works to create new affordable housing and preserve existing units to prevent them from being converted to market rates.

• Policy Advocacy: The organization engages in policy advocacy to influence federal, state, and local housing policies, ensuring resources are allocated for the revitalization of existing affordable homes.

• Sustainable Practices: NHT incorporates energy-efficient and sustainable practices into its projects, aiming to reduce energy costs for residents and minimize environmental impact.

• Resident Services: The organization provides services to residents to help them build stability and community, including initiatives to address food insecurity and bridge the digital divide.

Financials and Funding

NHT has been instrumental in preserving and developing affordable housing across the United States. The organization has saved more than 36,000 affordable homes in all 50 states, leveraging over $1.2 billion in financing. In 2022, NHT's annual report highlighted its commitment to creating safe, secure, and healthy homes for people, with nearly 4,000 apartment homes under direct management and several new developments and acquisitions underway.

Pipeline Development

NHT's pipeline includes several key projects:

• Congress Heights, Washington, D.C.: A development project comprising 179 apartment homes and retail spaces, with construction starting in 2024.

• Liberty Place, Washington, D.C.: A 71-unit development completed in 2022, achieving LEED Gold certification.

• Kindlewood, Charlottesville, VA: A 450-unit development, with Phase I opening in 2023.

Technological Platform and Innovation

NHT distinguishes itself through several innovative approaches:

• Energy Solutions: The organization has partnered with affordable housing owners to develop, finance, and install renewable energy projects, generating significant property and resident savings.

• Policy Innovation: NHT leads campaigns to protect existing Housing Credit properties and their residents, collaborating with allocating agencies to implement policies that mitigate the loss of affordable housing stock.

Leadership Team

NHT's leadership team comprises experienced professionals dedicated to the organization's mission:

• Priya Jayachandran: President of NHT, leading the organization's efforts in preserving and developing affordable housing.

• Executive Director: The Executive Director provides vision, direction, and leadership to NHT, overseeing strategic initiatives and serving as a key spokesperson for the organization.

Competitor Profile

NHT operates in a competitive landscape with several organizations focused on affordable housing:

• Mid-America Apartment Communities, Inc. (MAA): A publicly traded real estate investment trust based in Memphis, Tennessee, investing in apartments in the Southeastern and Southwestern United States.

• American Homes 4 Rent (AMH): A real estate investment trust based in Las Vegas, Nevada, investing in single-family rental homes across 22 states.

• Champlain Housing Trust: A membership-based nonprofit in northwest Vermont, creating and preserving affordable housing.

Strategic Collaborations and Partnerships

NHT collaborates with various partners to enhance its impact:

• Lending Partners: Including Amazon Housing Equity Fund, Bank of America, Citibank, and JP Morgan Chase.

• State/Local Agencies: Such as the Connecticut Housing Finance Authority and the DC Department of Housing and Community Development.

Operational Insights

NHT's operational strategies focus on:

• Preservation and Development: Ensuring the long-term viability of affordable housing through strategic acquisitions and renovations.

• Sustainable Practices: Implementing energy-efficient solutions to reduce costs for residents and environmental impact.

Strategic Opportunities and Future Directions

NHT's strategic roadmap includes:

• Expansion of Affordable Housing: Continuing to develop and preserve affordable housing units across the United States.

• Policy Advocacy: Strengthening efforts to influence housing policies at federal, state, and local levels.

• Sustainability Initiatives: Enhancing energy efficiency and sustainability in housing projects.

Contact Information

• Website: National Housing Trust

• Social Media: Facebook, Twitter, LinkedIn