Foundation for Affordable Housing (the Foundation) is a tax-exempt 501 (c)(3) public benefit non-profit, founded to help ease the burden of State, County, and Local Housing Authorities through the construction, acquisition, and operation of housing for senior citizens and families of very low to moderate income. Our goal is to create safe, comfortable, high-quality homes that uplift the lives of our residents and enhance the surrounding neighborhoods.
 
 
Successful affordable housing development requires a layering of financing. The Foundation excels in acquiring subsidies and grants, accessing creative financing solutions, and adhering to all corresponding compliance issues. By using up-to-date information, creativity, flexibility, and persistence, the Foundation has obtained:
 
Over $578 million in Low Income Housing Tax Credits
$180 million in 501 (c)(3) tax-exempt bond financing
$172 million in 4 percent tax credit bond financing
$167 million for the acquisition and rehabilitation of existing low-income housing
$911 million for the construction of new low-income
 
 
The Foundation takes a “hands-on” approach in all stages of property acquisition, development, and asset and property management. We work exclusively with reputable financial institutions, developers, contractors, and top-notch management companies that are vigilant about compliance issues and asset management.
The Foundation is proud of the quality of its communities and the personal attention our residents receive through our affiliated nonprofit resident services program "Embrace". The Foundation carefully monitors the physical and financial state of each property, the financial and compliance issues for the partnerships, the effectiveness of the management company, and the satisfaction of its residents. Through these efforts, Foundation for Affordable Housing has become a well respected nonprofit throughout the affordable housing industry.
 
 

Foundation for Affordable Housing is an affiliated group of public benefit nonprofit corporations founded by Tom and Deborrah Willard. “The Foundation” is an umbrella term often used to refer to these affiliated non profits. Foundation for Affordable Housing, Inc. is the financial arm of the Foundation. Foundation for Affordable Housing II, Inc. is responsible for the development and operation of senior properties. Family properties are operated under Foundation for Affordable Housing V, Inc. Foundation for Affordable Housing VI, Inc. (dba Embrace) is dedicated exclusively to the development and operation of resident services programs; and Foundation for Affordable Housing VIII, Inc. is a Community Housing Development Organization (CHDO).