Joseph Weatherly Steps In as Chief Investment Officer of NHPF
Joseph Weatherly Takes the Helm as NHPF's CIO
In a significant move underlining the NHP Foundation's aspirations for growth and leadership, Joseph P. Weatherly has been appointed as the Chief Investment Officer (CIO). His extensive experience in multifamily housing acquisition, finance, and development plays a crucial role in advancing the foundation's mission.
Expertise in Affordable Housing
A Rich Background in Housing
With over 23 years in the housing sector, Weatherly's expertise spans affordable, workforce, and mixed-income housing. At NHP Foundation, he will lead investment strategies and capital allocation across a diverse national portfolio. Weatherly is determined to identify opportunities that align with the foundation's core mission and ensure its long-term financial stability.
Previous Experience
Before joining NHPF, Weatherly served as Senior Vice President at McCormack Baron Salazar and as Chief Development Officer at McCormack Baron Residential. His tenure there saw him manage and secure development rights for over 11,000 units nationwide, showcasing his capabilities in business development and housing teams. He has also held significant leadership positions at The Michaels Organization, PIRHL Developers, AHC Inc., and Meridian Investments, and started his career at Morgan Stanley in finance.
Weatherly's Vision for NHPF
Weatherly expressed excitement about his new role, stating, "I am honored to join The NHP Foundation at such a pivotal time. Bringing my experience in investment strategy and housing development to this organization with such incredible resources is both exciting and humbling." His commitment to expanding access to affordable housing is a primary focus of his approach, as he looks forward to collaborating with the talented NHPF team and its partners.
Acknowledgments and Accomplishments
Throughout his career, Weatherly has received recognition for his contributions to the housing industry. Notably, he was named a "Top 40 Under 40 Housing Professional" by the Virginia Housing Coalition and received the prestigious Charles Edson Award for Tax Credit Excellence. Weatherly is also an active member of the Board and Executive Committee of Habitat for Humanity in Northern Virginia. He earned his Bachelor of Science degree from the University of Tennessee at Knoxville.
A Supportive Leadership Environment
Eric W. Price, President & CEO of The NHP Foundation, expressed confidence in Weatherly's appointment. He stated, "Joe's ability to structure innovative transactions and cultivate public-private partnerships will be essential as we tackle the ongoing demand for affordable housing solutions across the nation."
NHP Foundation's Commitment to Housing
The NHP Foundation has established itself as a leader in affordable housing since its inception in 1989. With over 30 years of experience in real estate, NHPF's mission is to continue providing equitable service to residents through programs powered by Operation Pathways. This initiative specifically targets families facing poverty and hardship, demonstrating NHPF's commitment to community service.
Strategic Partnerships and Impact
Currently, NHPF operates a robust portfolio of 63 properties across multiple states and the District of Columbia, serving more than 25,000 residents. Through strategic collaborations with financial institutions, government entities, faith-based organizations, and other nonprofits, NHPF aims to maintain and enhance its impact on affordable housing.
Frequently Asked Questions
Who is Joseph Weatherly?
Joseph Weatherly is the newly appointed Chief Investment Officer of the NHP Foundation, bringing over 23 years of experience in multifamily housing.
What is the mission of the NHP Foundation?
The NHP Foundation focuses on preserving and developing affordable housing, aiming to improve community living conditions.
What prior positions did Weatherly hold?
Before NHPF, Weatherly was at McCormack Baron Salazar and McCormack Baron Residential, overseeing significant housing developments.
What awards has Weatherly received?
He has been recognized as a "Top 40 Under 40 Housing Professional" and received the Charles Edson Award for Tax Credit Excellence.
How many properties does NHPF manage?
NHPF currently manages 63 properties across various states and the District of Columbia, serving more than 25,000 residents.
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