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Working to create safe and accessible
Affordable Housing all around America

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National Affordable Housing Preservation Associates

The National Affordable Housing Preservation Associates, Inc. (NAHPA) promotes the long-term preservation of at-risk federally assisted affordable housing, and provides homes to low income households in rural areas and small towns of the U.S. Incorporated in 1998, NAHPA is a nonprofit corporation exempt from federal income taxation under Section 501(c)(3) of the US Internal Revenue Code. NAHPA principally seeks to preserve as affordable housing the multifamily units financed under the US Department of Agriculture, Rural Housing Service, Section 515 program, HOME & LIHTC Program.
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NAHPA accomplishes its mission through several related activities, principally serving as an intermediary assisting local non-profits purchase and rehabilitate Section 515 properties. NAHPA works with USDA officials, private lenders, and representatives of the nation’s secondary mortgage market to structure financing options permitting Section 515 housing purchasers to subordinate existing USDA loans to new permanent first mortgages.
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USDA / RHS History

Since the late 1940s, the U.S. Department of Agriculture’s Section 515 housing program has been the federal government’s principal financial assistance program for rural and small town multifamily housing serving low-income individuals and families. Property owners participating in the USDA Rural Housing Service program are eligible for below-market mortgage financing and ongoing rental assistance in exchange for long-term commitments to retain units for lower-income residents.
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