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The NHP Foundation (NHPF), a not-for-profit real estate corporation focused on affordable housing acquisition, investment and development, has promoted Eric W. Price to president and CEO.

Price was most recently president and assumes the CEO as the successor to retiring Dick Burns, who will move into a senior advisor role to focus on select strategic initiatives and has joined the board of trustees.

Price previously served as deputy mayor for planning and economic development in Washington, DC, where he was responsible for managing several city agencies with a combined $120 million annual budget.

“We are confident in Eric’s ability to lead NHPF as we evolve our mission and expand our impact to provide sustainable, resident-focused affordable housing nationwide amid the nation’s deepening affordability crisis,” said Glynna Christian, chairperson of the NHPF Board of Trustees.  “Eric’s passionate leadership, strategic and innovative mindset, and extensive public and private experience makes him a natural fit to lead the organization forward.”

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“It is the utmost honor to be entrusted with leading NHPF, especially at such a critical time in the organization’s growth,” said Price. “Working with our dedicated team and our partners to further expand our impact and continue creating sustainable, affordable housing solutions for communities across the country remains my top priority.”