Launched in 2003, SAHF has eleven sophisticated not-for-profit members who acquire, preserve and are committed to long-term, sustainable ownership and continued affordability of multifamily rental properties for low-income families, seniors, and disabled individuals. Together, SAHF members own and operate housing in 49 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands—providing homes to over 115,000 low-income households across the country.
SAHF's members promote their shared ownership objective, which embraces the notion that stable, affordable rental homes are critically important in people's lives. Through their projects, SAHF's members stay on top of policy and marketplace developments nationwide. They come face-to-face almost daily with barriers to preservation of affordable housing for the poor, which enables them to discern patterns. Seeing the patterns and having the expertise, SAHF works with its members to develop policy solutions that work.
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Stewards of Affordable Housing for the Future (SAHF)
10 G Street, NE, Suite 580
Washington, DC 20002
In late 2014, SAHF hired CFSI, a recognized leader and innovator based in Chicago, to support SAHF’s Outcomes Initiative in the area of financial capability, assets and income. CFSI has been working with SAHF to more deeply understand the opportunities and challenges of incorporating financial capability programs and services into the affordable housing sector. This report outlines the fundamental aspects of CFSI’s framework for consumer financial health, as well as critical findings from a national study on the state of American financial health. Read the full report here.
On June 23, former HUD Secretary Henry Cisneros and former Representative Vin Weber, Bipartisan Policy Center Health and Housing Task Force chairs, wrote an op-ed in the U.S. News & World Report on how to help seniors age in place. The article highlights the importance of tracking outcomes to document savings and in particular the work done through SAHF's Outcomes Initiative. Read the full op-ed here.
On June 24, SAHF released EZ Retrofit Tool Version 2.0 - an Excel-based, free benchmarking and audit tool to give multifamily property owners and operators the ability to identify a range of energy and water efficiency measures that are likely to be cost-effective at their sites. Click here to learn more about the new and improved tool.
On June 15, The Community Builders (TCB) was awarded a $40 million allocation of New Markets Tax Credits (NMTC) from the U.S. Department of Treasury. TCB stated they would target this award towards new projects that provide affordable housing and economic development. This is TCB’s third NMTC award. Click here for more information about the award.
On June 10, Aaron Gornstein took over as POAH’s new President and CEO. Previously, Aaron was the undersecretary for the Massachusetts’ Department of Housing and Community Development and the executive director of Citizens' Housing and Planning Association (CHAPA). Aaron is replacing Amy Anthony, POAH’s President and CEO since it’s founding in 2001, who is retiring this summer. To learn more, visit POAH’s website here.
This May, Volunteers of America opened the doors to their new Blue Butterfly Village project in Los Angeles which was developed using 9% tax credits and provides housing to homeless female veterans. More information about the project and the work being done to provide housing for this population can be found in a CBS Morning News segment about the project which aired on Memorial Day.
On May 18, 2015, Volunteers of America-Greater New York hosted a ribbon cutting ceremony for Creston Avenue Residence. Creston Avenue Residence is 66 unit apartment building for low-income individuals and families in the Bronx. This is the first 4% tax credit project making use of New York Medicaid Redesign Team (MRT) funds.
On May 1, 2015. Make Room is launching as a national campaign to elevate the rental housing issue on the national agenda. Make Room will be partnering with and convening corporations, policymakers, nonprofit organizations and advocates to raise awareness in support of the 11 million families struggling to make rent. Enterprise Community Partners is a sponsoring partner of Make Room. Please visit the Make Room website for more information and to join the campaign.
On March 3, 2015, NPR ran a story about the benefits of improved housing on residents' health, which featured SAHF member BRIDGE Housing. The recording for this story titled Improving Housing Can Pay Dividends In Better Health can be found here.
In April 2014, SAHF engaged the Urban Institute to assist in exploring the youth and education field of SAHF's Outcomes Initiative. In January 2015, Urban finalized a report highlighting the effort to date. The report first offers a brief literature review of the relevant research that has been conducted looking at the connection between affordable housing and child and youth outcomes. Second, the report provides an overview of some of the existing efforts in which the SAHF membership has worked to address child and youth educational development. Third, the report outlines potential opportunities, challenges and recommendations for SAHF and SAHF member organizations to engage more deeply on issues related to education in their properties. View the full report here.
This convening is part of a broader effort, SAHF and its members are undertaking to gather, aggregate and apply outcome measures across five topics fields - health & wellness; work, income & assets, housing stability, children, youth & education, and community engagement- to develop a persuasive, data-based narrative that affordable housing with services helps low-income residents achieve important social outcomes beyond providing basic shelter. A one-pager on the initiative can be found here and a list of potential outcomes measures can be found here. Last spring, HMA finalized a report highlighting the health and wellness efforts to date. View the full report here.
On January 9, SAHF announced the promotion of Rebecca Schaaf to Senior Vice President. Having served as the Vice President of the SAHF Energy division for nearly two years, Rebecca will be leading SAHF’s energy and water conservation work following the retirement of SAHF Energy President, Richard Samson. View the press release here.
On December 4, 2014, The Federal Reserve Bank of San Francisco and the Urban Institute launched What Counts: Harnessing Data for America’s Communities, a new volume of essays addressing how to improve the ways that data is used by practitioners, policymakers, funders and others to better conditions in some of the country's most distressed places. The book includes a chapter authored by Bill Kelly and Fred Karnas at Kresge about SAHF's Outcomes Initiative. For more information and to order the book, go to www.whatcountsforamerica.org.
On September 16, 2014, Affordable Housing Finance announced the winners of their 2014 Readers' Choice Awards. POAH's Grant at Woodlawn Park property, the second new construction phase of their work in the Chicago Woodlawn neighborhood, was selected as the overall winner. Mercy Housing California won the Family category for their Caroline Severance Manor property in Los Angeles and the Senior category for their Coastside Senior Housing property in Half Moon Bay. Mercy Housing Lakefront and National Housing Trust/Enterprise Preservation Corp. won the Preservation category for their Pullman Wheelworks property in Chicago. The winners will be featured in the November/December issue of Affordable Housing Finance and will be recognized at a luncheon at AHF Live: The 2014 Affordable Housing Developers’ Summit on Nov. 19-21 at the Fairmont Millennium Park in Chicago. More information on the awards can be found here.
On September 18, 2014, HUD released a memo providing guidance on how multifamily housing owners may seek to combine Section 8 contracts. This guidance grew out of HUD's effort, with strong SAHF encouragement and feedback, to investigate ways in which multifamily owners of large portfolios could seek to achieve greater flexibility and economies of scale in managing their properties. The memo can be found here.
On July 23, 2014, Stewards of Affordable Housing for the Future announced that Eileen Fitzgerald will join the organization as President in late July, taking over the role from Bill Kelly, who will step into an advisory role. Eileen has been active in the housing and community development industry for over 20 years including senior roles at the Fannie Mae Foundation, the McAuley Institute, the AFL-CIO Housing Investment Trust, and the U.S. Department of Agriculture. Most recently, she served as Chief Executive Officer at NeighborWorks America. The SAHF board and staff are excited to have Eileen bring her strong leadership and vision to the SAHF team.
SAHF recently released a report discussing investor consents on energy and water efficiency improvements. The paper discusses why the achievement of investor consents is considered a challenge; what the owner and investor viewpoints are when it comes to energy and water improvements to a property; the review process followed by investors; how the type of investor will impact the decision process; and considerations for improving the approval process. View the report here.
The bipartisan bill Pay For Success Affordable Housing Energy Modernization Act of 2014 (H.R. 5104), supported by Enterprise Community Partners, the Low Income Investment Fund and SAHF would enable HUD to partner with intermediaries to finance energy and water upgrades at HUD-assisted properties that do not have the resources to replace inefficient systems. The bill was introduced by Representatives Jim Himes (D-CT-3), Dennis Ross (R-FL-15), Sean Duffy (R-WI-7), Emanuel Cleaver (D-MO-5) John Delaney (D-MD-6) and Ann Wagner (R-MO-2) on July 14, 2014. A press release on the bill can be found here.
The newly released Energy and Water Savings in Multifamily Retrofits report provides a detailed analysis of 236 multifamily properties that underwent energy and water retrofit projects from 2009 to 2012. The report includes results for the U.S. Department of Housing and Urban Development’s Green Retrofit Program and the Energy Savers Program in Illinois and finds that there were significant energy savings and cost reductions for participating properties. Please click here to read and download the full report. The report was written by Bright Power, issued by SAHF, and made possible by a grant from the John D. and Catherine T. MacArthur Foundation.
SAHF and Bright Power, Inc. with support from Capital One Bank and NeighborWorks America, have developed a toolkit intended to help improve energy and water management and reduce costs, spending and environmental impacts over the long‐term, while helping to preserve affordable properties. The toolkit can be found on SAHF's website here.
On February 20, 2014, The MacArthur Foundation named seven organizations in three countries as recipients of the MacArthur Award for Creative and Effective Institutions, including SAHF member, the National Housing Trust. The award recognizes exceptional nonprofits and helps ensure their long-term sustainability. More information can be found here.
MAP OF SAHF MEMBER PROPERTIESChart of SAHF Member Properties By StateBRIDGE HousingThe Community Builders Evangelical Lutheran Good Samaritan Society Homes for America Mercy Housing, Inc. National Church Residences, Inc. National Housing Trust NHP Foundation Preservation of Affordable Housing, Inc. Retirement Housing Foundation Volunteers of America