 |
|
May 24, 2007 Letter
To our states, communities, investors, developers, operators, and other interested parties:
The Board of Directors and President of the Northern New England Housing Investment Fund are pleased to share with you our strategic plan, which sets the organization’s course of action to the year 2010. Guiding the plan is our continuing, firm commitment to the mission of ensuring a sufficient supply of quality affordable housing in Maine and New Hampshire. Meeting this basic need enables individuals, communities, regions, and states to advance economically and socially.
In developing this plan, we sought input from a number of individuals and organizations. This input was invaluable to us. Overall, the planning process reinforced the importance of our role as the sole nonprofit syndicator of low income housing tax credits in the region. In spite of increasing competition from large, national syndicators, we will continue to focus on the long-term success of individual projects in Maine and New Hampshire.
In addition to our focus on low income housing tax credit projects, we understand the need to explore new ways to enhance our mission. In considering new ventures, we have identified opportunities that build on existing strengths. During the next several years we will explore these ventures with the intent to diversify our products and services.
As our external environment changes, so too does that of our clients and partners. Public agencies are struggling to find ways to overcome a steady reduction in public resources for affordable housing. Developers face an increasingly complex set of regulations, considerations, and costs. And investors are confronting new challenges in an evolving financial services industry. We are cognizant of these changes and will work closely with our constituencies to address them.
Embedded throughout the plan is an increased commitment to collaboration. Creating more and better affordable housing will require an unprecedented level of collaboration among policy makers, state and federal agencies, investors, developers, community nonprofits, and service providers.
We hope you will continue to offer your suggestions as we move forward. Your input will be crucial to our efforts to advance affordable housing in New Hampshire and Maine.
Sincerely,
Board: |
Staff: |
