National Preservation Housing Partners
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.
- Company typePrivate
- Founded2011
- HeadquartersDeerfield, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
National Preservation Housing Partners firmographics
Firmographics- 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
National Preservation Housing Partners industry classification
Industry- 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
Where National Preservation Housing Partners is headquartered
LocationHeadquarters
- HQ city
- Deerfield
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
National Preservation Housing Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales
Revenue model
- 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.
- 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
National Preservation Housing Partners product offering
Product offeringCore 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
Companies that use National Preservation Housing Partners
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
National Preservation Housing Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
National Preservation Housing Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CEDAminorNPHP 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
National Preservation Housing Partners competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
National Preservation Housing Partners social profiles
Digital presenceNational Preservation Housing Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
National Preservation Housing Partners leadership team
Management profileNumber of profiles
Profiles1 record
National Preservation Housing Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
National Preservation Housing Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about National Preservation Housing Partners
What does National Preservation Housing Partners do?
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.
Is National Preservation Housing Partners a public or private company?
National Preservation Housing Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was National Preservation Housing Partners founded?
National Preservation Housing Partners was founded in 2011. It employs 11 to 50 people.
Where is National Preservation Housing Partners based?
National Preservation Housing Partners is headquartered in Deerfield, United States, in the North America region.
How does National Preservation Housing Partners make money?
Two revenue lines are on record. Rental Income and HAP Subsidies are the primary driver. The others are preservation Financing and Rehabilitation Services.
Does National Preservation Housing Partners have an API?
No public API is recorded for National Preservation Housing Partners.
What industry is National Preservation Housing Partners in?
National Preservation Housing Partners's product category is Affordable Housing Preservation Services. Its primary akta.pro industry code is HLADAAAB, Affordable/Subsidized Independent Living (HUD/LIHTC) Communities, with a secondary code of HLADAAAG, Independent Living Real Estate Owners/Operators (REITs & Management Companies). Its NAICS code is 62331 and its SIC code is 6532.