NHP Foundation Welcomes Eric W. Price as New Leader
Leading mission-based affordable housing developer ushers in a new era with an important leadership change.
Exciting Leadership Transition
The NHP Foundation (NHPF) has announced the promotion of Eric W. Price to serve as the new President and Chief Executive Officer. This change signifies a pivotal moment in NHPF's commitment to expanding its positive impact on affordable housing across the nation.
Mr. Price's Accomplishments
Eric Price has been a strong advocate for NHPF's mission for nearly six years, stepping into the role of President prior to this promotion. His leadership was instrumental in guiding NHPF to successfully issue its first social bond, valued at $75 million in 2023, earning a prestigious AA- rating from Standard & Poor's, marking a significant milestone for non-profit housing providers.
Gary Christian's Confidence
Glynna Christian, Chair of the NHPF Board of Trustees, expressed confidence in Price's leadership. She remarked, "Eric's passion and innovative approach make him the perfect leader as we strive to meet the growing demands for affordable housing in the current economic climate." This sense of trust emphasizes the board's commitment to continue NHPF's mission under new leadership.
The Legacy of Dick Burns
As Eric Price steps into his new role, the foundation also recognizes the valuable services of outgoing CEO Dick Burns. Over a notable 15-year tenure, Burns molded NHPF, increasing its national footprint and building fruitful public-private partnerships. His new position as a senior advisor will allow him to focus on select strategic initiatives while contributing his extensive knowledge to the board.
Reflections on Leadership
Burns reflected on his experience, saying, "Leading the extraordinary team at NHPF has been a highlight of my career. I leave it in capable hands with Eric at the helm." His confidence speaks volumes about the preparedness of the team to adapt to new challenges.
Eric Price's Vision for the Future
Stepping into his new role, Mr. Price shared his feelings about the path ahead. He stated, "It is truly an honor to take on this leadership position at such a critical juncture for NHPF. My priority is to work closely with our dedicated team and partners to develop innovative solutions that ensure sustainable affordable housing for communities nationwide." This forward-thinking approach sets NHPF on a promising trajectory.
About the NHP Foundation
The NHP Foundation has been a major player in the affordable housing sector since its inception in 1989. With a commitment to understanding and addressing community needs, they continue to offer tailored services through their subsidiary, Operation Pathways.
Strategic Partnerships and Objectives
Through strategic collaborations with different organizations, NHPF currently manages 60 properties across various states. Their mission reflects a dedicated effort to not only invest in housing but also uplift families struggling with poverty through innovative resident services. This commitment ensures they are making a genuine difference in people's lives.
Frequently Asked Questions
Who is the new CEO of the NHP Foundation?
The new CEO of the NHP Foundation is Eric W. Price, who has previously served as the President for several years.
What are some of Eric Price's achievements?
Eric Price successfully issued NHPF's first social bond and secured significant funding that has enhanced the organization's efforts in affordable housing.
What will happen to outgoing CEO Dick Burns?
Outgoing CEO Dick Burns will move into a senior advisor role where he will continue to contribute to the Foundation's strategic initiatives.
What is the mission of the NHP Foundation?
The mission of the NHP Foundation is to provide sustainable and resident-focused affordable housing solutions across the nation.
How long has the NHP Foundation been operating?
The NHP Foundation has been operating since 1989, focusing on affordable housing development and investment.
