National Preservation Housing Partners

What National Preservation Housing Partners does

National Preservation Housing Partners (NPHP) is a privately held affordable housing operator founded in 2011 and headquartered in Deerfield, Illinois, with Andrew Delman serving as Principal General Partner and majority owner. The firm acquires, rehabilitates, and manages age-restricted and family low-income housing — primarily properties encumbered by project-based Section 8 Housing Assistance Payment (HAP) contracts — across at least seven states (Illinois, Arizona, Pennsylvania, Indiana, Massachusetts, Maryland, and Kentucky). Its stated mission is the preservation of federally assisted affordable housing, with cumulative disclosures of roughly 4,000 low-income units preserved across approximately 38 properties since inception.

The operating model rests on three revenue mechanics: (1) rental income from low-income tenants, supplemented by federal HAP subsidies administered through HUD; (2) long-term affordability extensions, with disclosed 30-year covenant extensions on regulated properties; and (3) ancillary fee and management income tied to rehabilitation, asset management, and capital sourcing activities. NPHP leverages a stacked subsidy structure that combines FHA/HUD mortgage financing, Low-Income Housing Tax Credit (LIHTC) equity, tax-exempt bonds, FNMA financing, and Community Reinvestment Act (CRA) lending, reporting cumulative first-mortgage debt originated in excess of $300 million. A recurring lender relationship with Cambridge Capital and a partnership with CEDA for weatherization/GRRP work provide additional capital and program access.

The firm actively manages portfolio rebalancing — including a disclosed divestiture of six Illinois properties in October 2018 and the closing of a $39 million Maryland acquisition — alongside heavy recapitalization activity, exemplified by the 2023 completion of a $25 million rehabilitation and a $36 million FHA refinancing of the 320-unit Olympic Village property. The portfolio is run by a lean team (11–50 disclosed employees), reflecting a deal-by-deal execution model rather than hyperscale growth.

Name

National Preservation Housing Partners

Legal name

National Preservation Housing Partners, LLC

Website

https://nphpartners.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

National Preservation Housing Partners is a Deerfield, Illinois-based affordable housing owner-operator founded in 2011 that acquires, rehabilitates, and manages Section 8 and LIHTC-encumbered low-income rental housing across seven U.S. states, with roughly 4,000 units preserved across 38 properties.

Ownership category

akta.pro rank

Product category

Affordable Housing Preservation Services

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Services to Buildings and Dwellings (5617)

SIC

Real Estate Dealers (For Their Own Account) (6532), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Senior & Assisted Living Residential Property Management (BPAJAFAE), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE)

Keywords

• Affordable housing preservation
• Section 8 housing
• Multifamily rehabilitation
• FHA HUD financing
• Low-income senior housing

Headquarters

HQ city

Deerfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Rental Income and HAP Subsidies: Revenue is generated from tenant rent contributions (driven by individual income levels) combined with Housing Assistance Payment (HAP) contract subsidies from HUD. Each property operates under long-term, project-based HAP contracts ensuring steady revenue flow.
2. Preservation Financing and Rehabilitation Services: The company generates revenue through acquiring, rehabilitating, and extending the affordability of low-income housing properties. Uses FHA/HUD financing, tax-exempt bonds, LIHTC, and conventional financing to fund preservation projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

National Preservation Housing Partners purchases, rehabilitates, and preserves low-income Section 8 multifamily housing properties, primarily serving seniors aged 62+ and qualifying low-income families. The company uses FHA/HUD long-term financing, tax-exempt bonds, LIHTC, FNMA, conventional, CRA, and state agency financing structures to acquire and recapitalize older subsidized projects, extending affordability restrictions for up to 30 years. Operations span 38 properties and approximately 4,000 units across Illinois, Arizona, Pennsylvania, Indiana, Massachusetts, Maryland, and Kentucky.

Product overview

National Preservation Housing Partners (NPHP) operates as a unified housing preservation platform offering low-income housing rehabilitation and management services. The company's core service is the purchase, rehabilitation, and preservation of low-income, Section 8 housing properties. Their portfolio includes approximately 4,000 low-income units across multiple states including Illinois, Arizona, Pennsylvania, Indiana, Massachusetts, Maryland, and Kentucky. The company leverages various financing mechanisms including FHA/HUD Long Term Financing, Tax-Exempt Bonds, and Low Income Housing Tax Credits (LIHTC). Individual properties such as Olympic Village (320 units), Council House (150 units), Acadia Park (214 units), Hadley West (183 units), and Zion Towers (211 units) represent the company's property holdings, while weatherization services provide ongoing property improvements. The company extends low-income affordability restrictions for up to 30 years on preserved properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Low-Income Housing Preservation and Rehabilitation Services

Quantifiable outcome

• Approximately 4,000 low-income units preserved with long-term affordability extended
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CEDAminorImplementation/ SI/ Consulting PartnerNPHP and CEDA joined to provide weatherization for all Olympic Village residents. CEDA (likely a community development organization) provides weatherization services as part of NPHP's energy efficiency improvements to properties.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/national-preservation-housing-partners-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Preservation Housing Partners