National Housing Associates (NHA) is committed to our mission of developing and supporting sustainable communities, providing the means and opportunities to build strong, affordable housing neighborhoods in the Midwest.Since being founded in 1997, NHA has been collaborating with real estate developers and other organizations to complete innovative solutions by means of low-income strategies, such as tex credits and/or tax exempt options, under the IRS Section 42 program.We specialize in projects that serve a range of Low-Income Community* needs, from individuals, families, and seniors, to the formerly homeless and at-risk groups.
R. Wayne Koehler
A financial advisor by trade and owner of Par Advisors, LLC, Wayne consults with banks and other institutions regarding affordable housing and CRA. This profession found him inspired to create his own way of providing improved living for others less fortunate. So Wayne took to applying his altruistic nature, investing his spare time and emotional energy to bring together like-minded partner companies and investors, resulting in the formation of National Housing Associates in 2009.
It was a brave start, with assets at the time of only $3,000, no properties and, honestly, no idea where to begin, but also with copious amounts of belief to make this materialize. Wayne's initiative to make affordable housing a reality grew to such a success that as of 2019, NHA has over $900,000 in liquidity, $2.2 million in Net Assets and $3.2 million in Total Assets, plus a priceless number of grateful residents!
In just 10 short years, NHA has developed 145 stabilized housing units on 5 properties with one property dedicated solely to survivors of domestic violence.
MEET OUR BOARD
Paul C. Brown
Defense Business Developer
W.W. Williams - Logistics
Director - Sales Excellence
V.P, Consumer Distribution Network
May Insurance Services
Sharon Constans RN,MSN
Managing Editor & Director
CARE Program, Hayes, Inc
Ohio Domestic Violence Network
Retired - was 27 yrs with
Ohio Capital Corp for Housing
In this thriving, historical City of Firsts, we renovated the 1938 Palm Beach Suit manufacturing building into bright and airy warehouse-style apartments.
32, two and three bedroom units are made affordable to families earning up to 60% of the area median income.