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2006 For the third consecutive year, the Network is selected by Fast Company magazine and the Monitor Group as one of the top "social capitalists" in the country and featured in the January 2007 issue of Fast Company. 2006 The Network receives an outstanding CARS rating (AAA+2) from the Opportunity Finance Network's CDFI assessment program, which measures impact, policy relevance and financial strength. 2006 The Network receives the largest HUD Housing Counseling grant among national intermediaries ($2.1 million) and expands the number of members that receive homeownership counseling funds to 33. 2006 In conjunction with several members eager to lend their expertise to recovery efforts following hurricanes Katrina and Rita, the Network forms a New Orleans-based nonprofit development company, the Gulf Coast Housing Partnership, to develop rental and ownership homes in Louisiana and Mississippi. 2005 The Network obtains a $5 million Congressional earmark to capitalize new housing-related ventures, such as new cooperative efforts in bond, mortgage, and CDFI financing. 2005 For the second consecutive year, Fast Company magazine and the Monitor Group select the Network as one of the 25 top "social capitalists" in the nation. 2005 The Yale School of Management/Goldman Sachs Foundation recognizes the Network as one of eight winners in its 2005 Partnership on Nonprofit Ventures business plan competition from among 500 entries. 2005 Bill Perkins of the Wisconsin Partnership for Housing Development succeeds Gus Dominguez as chair of the Network. 2004 Fast Company magazine selects the Network as one of the 25 top social entrepreneurs in America in its January 2005 issue. 2004 The Network expands internal capacity, growing to 10 full-time staff. 2004 Mercy Housing, one of the country's largest and most accomplished affordable housing corporations, joins the Network. Number of members grows to 84. 2004 The Network launches research to document the business models and impact of housing partnerships and to recommend policy and systemic changes to promote sustainability and growth; the research is conducted through collaboration with and support from Harvard University's Joint Center for Housing Studies, the Urban Institute, and the MacArthur and Fannie Mae foundations. 2004 The Network creates Housing Partnership Insurance in partnership with AIG to provide property and liability coverage to members. The captive insurance company is owned and capitalized through a stock corporation run by 16 members and the Network, and financed in part through a $5 million loan facility provided by Merrill Lynch CDC to Housing Partnership Ventures. 2003 Bob Whittlesey steps down as board chair and is succeeded by Gus Dominguez of Greater Miami Neighborhoods. 2003 The Network receives a $400,000 operating grant from the Fannie Mae Foundation, the largest one-year award obtained to date, leading to a three-year commitment of $1.05 million from the Foundation for 2004-2006. 2003 The Network establishes Housing Partnership Ventures, an investment vehicle for new enterprises, with seed capital from the congressional allocation. 2003 The Network obtains a $4.4 million congressional allocation to expand the capacity of members for affordable housing and community revitalization efforts. The federal funding earmark was obtained with bipartisan support from the Senate VA-HUD, and Independent Agencies Appropriations Subcommittee and was championed by Senator Barbara A. Mikulski (D-MD). 2002 The Housing Partnership Fund completes capitalization with $9 million in investments from banks, the CDFI Fund, and the MacArthur and Fannie Mae foundations; and a $19 million syndicated line of credit involving nine banks, led by Merrill Lynch CDC and Citigroup. 2002 The Network initiates a communications and policy campaign spearheaded by a $300,000, two-year grant from the MacArthur Foundation. 2001 NAHP changes its name and becomes the Housing Partnership Network. Membership grows to 68. 2000 The Reinvestment Fund joins the network, marking an expansion of the membership to large CDFIs and other partnership-based lending institutions, which will later include Ohio Capital Corporation for Housing, Century Housing, and the Low Income Investment Fund. 2000 Housing Partnership Fund obtains CDFI certification; receives $1 million bank investment from Wells Fargo and U.S. Bank; commences predevelopment lending. 2000 NAHP creates the Housing Partnership Fund to provide members with predevelopment and acquisition financing; negotiates agreement with HUD to invest $2 million of incentive fees from Mark-to-Market joint venture to be core equity capital for the Fund. 1999 NAHP completes Mark-to-Market joint venture after restructuring and stabilizing 22 properties comprising 3,500 affordable apartments; earns 100 percent return on the risk capital provided by the association and its members. 1999 NAHP organizes a national bid by 20 member organizations to buy 89 multifamily properties owned by AIMCO; 12 properties are purchased and the experience builds member confidence in joint action. 1999 NAHP expands HUD joint venture by winning two more portfolio bids, becoming the largest Mark-to-Market restructuring entity in the nation; receives its first bank investments from Chase Manhattan and Nations Bank to supplement risk capital provided by its member organizations. 1999 BRIDGE Housing Corporation of San Francisco joins NAHP, initiating an expansion that adds 10 strong members in California and Arizona, creating a truly national organization. 1999 As membership grows to 55 partnerships and business expands, NAHP begins holding semiannual membership meetings, starting in Miami. 1998 NAHP wins a bid to restructure the first national portfolio of Mark-to-Market properties; NYC Housing Partnership, Wisconsin Partnership for Housing Development, NAHP, and Recapitalization Advisors begin restructuring work. 1998 NAHP opens an independent office in Boston and hires Tom Bledsoe, director of the Metropolitan Boston Housing Partnership, as its first full-time president. There are 45 member partnerships. 1997 NAHP bids on a federal contract to be HUD's joint venture partner in the Portfolio Reengineering Demonstration; forms collaboration with Recapitalization Advisors and raises $1 million of capital from eight member organizations. 1996 NAHP reconfigures its board of directors so that it is composed exclusively of leaders of member partnerships. 1995 NAHP becomes the first organization certified by HUD as a national funding intermediary for its Housing Counseling Program, paving the way for 40 members to receive more than $14 million in housing counseling grants. 1994 NAHP contracts with the Metropolitan Boston Housing Partnership to convene annual membership meetings and to explore possibilities for collaborative business development. 1994 The Fannie Mae and Surdna foundations provide NAHP its initial grants for operating support. 1992 NAHP is incorporated and obtains nonprofit tax-exempt status from the IRS. 1991 Housing partnerships convene in Atlanta, the first annual meeting of what would be many meetings held in cities throughout the country. 1990 Boston meeting launches National Association of Housing Partnerships (NAHP). |