NHPfoundation - Preserving America's Affordable Housing
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In 1968 President Johnson signed the Housing Act to form The National Housing Partnership to encourage the development of affordable housing for American families. It successfully syndicated tax benefits, enabling municipalities, real estate developers, and other partners to work together to create and preserve affordable housing. With the change in the Tax Law of December 1986, the original model was rendered unworkable.

In 1989, out of continuing concern for Americans in need of affordable housing,
and with the assistance of $6 million in contributions from 24 of the original National Housing Partnership institutional investors, a new organization was formed, The NHP Foundation (NHPF). The Foundation leveraged these contributions into a portfolio of properties with an aggregate book value of $180 million by operating with the discipline of a for-profit enterprise. For over two decades, it has continued to successfully expand America’s pool of affordable housing.
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1968
President Johnson signed the Housing Act to form The National Housing Partnership (NHP) and National Corporation for Housing Partnerships (NCHP). They were owned by 263 institutional investors.
1986
The original organization of NHP and NCHP, owned by 263 investors formed a new entity, NHP Inc. which was principally owned by Berkshire Hathaway.
1989

The NHP Foundation (NHPF), a 501(c)(3) nonprofit organization was created by NHP and NCHP. NHPF was formed as a seperate legal entity, with the only connection between the two organizations being the CEO of NHP, Inc. was the first Chairman of The NHP Foundation.

1990
Harvard University bought the majority of NHP shares.
1991
NHP and NHPF suggested to corporate shareholders that they might want to donate their shares to NHPF. That is when NHPF became the 4th largest owner of NHP shares.
 
Corporate shareholders that donated their shares to NHPF:
Aetna Life and Casualty Company
Banc One Arizona Corporation
Chase Manhattan Bank
Cooper Industries-Kirsch
Cummins Engine Company, Inc.
John Hancock Mutual Life
     Insurance Company
Mobil Oil Corporation
Northwestern National Life
PNC Financial Corporation
The Procter & Gamble Company
Tenneco
Washington Gas
Atlantic Mutual Insurance
     Company
Banc One Wisconsin Corporation
Commerce Bankshares, Inc.
CoreStates Bank, N.A.
Ford Motor Credit Company
Lazard Frères & Company
NHP, Inc.
Peter Kiewit Sons’ Co.
Polaroid Corporation
Sears Roebuck & Co.
Vira Heinz Endowment

1994

NHPF purchased its first properties from the Resolution Trust Corporation's direct sales program for nonprofit organizations and the CEO of NHP, Inc. resigned as Chairman of NHPF, ending the ties between NHPF and NHP, Inc.