Joseph Weatherly Appointed as Chief Investment Officer at NHP Foundation

NHP Foundation Welcomes Joseph Weatherly as Chief Investment Officer

On October 6, 2025, the NHP Foundation, a leading nationwide nonprofit organization focused on affordable housing preservation and development, announced the appointment of Joseph P. Weatherly as its new Chief Investment Officer (CIO). This strategic move aims to enhance the organization's leadership and further its growth in the affordable housing sector.

Joseph Weatherly enters this pivotal role boasting over 23 years of rich experience in multifamily housing acquisition, finance, and development across the United States. His expertise spans areas of affordable, workforce, and mixed-income housing, making him a remarkable asset to NHPF. As CIO, Weatherly will be responsible for overseeing NHPF's investment strategy and capital deployment across its extensive national portfolio. He will lead the investment team to pinpoint opportunities that are in alignment with NHPF’s mission and its long-term financial strength.

Weatherly’s Impressive Background

Prior to this appointment, Weatherly served as Senior Vice President at McCormack Baron Salazar and held the title of Chief Development Officer at McCormack Baron Residential. In those roles, he successfully pursued and secured development rights for over 11,000 housing units nationwide. He has built and led national business development and workforce housing teams, showcasing his ability to create impactful partnerships and implement effective strategies in complex housing projects.

Joseph has also held significant positions at The Michaels Organization, PIRHL Developers, AHC Inc., and Meridian Investments, and began his career in finance at the renowned Morgan Stanley. His impressive track record in the housing industry has earned him numerous accolades, including being named among the 'Top 40 Under 40 Housing Professionals' by the Virginia Housing Coalition. Additionally, Weatherly was honored with the Charles Edson Award for Tax Credit Excellence.

In his new role at NHPF, Weatherly expressed his enthusiasm for the challenge ahead. He stated, "I am honored to join The NHP Foundation at such a pivotal time. Bringing my experience in investment strategy and housing development to an organization with incredible leadership, staff, and resources poised for growth is both exciting and humbling. Expanding access to affordable and workforce housing is a challenge I look forward to tackling with the talented NHPF team and our partners." His passion for affordable housing aligns seamlessly with NHPF’s core mission—to provide equitable housing options for all.

A Vision for the Future

Eric W. Price, President and CEO of The NHP Foundation, remarked on Weatherly's appointment, noting that it comes at a crucial juncture for the organization. "Joe's proven ability to structure innovative transactions, cultivate public-private partnerships, and scale housing development nationwide will be instrumental as we continue to meet the urgent demand for affordable and workforce housing," he emphasized.

The NHP Foundation, established in 1989, remains steadfast in its commitment to addressing the pressing needs for affordable housing across the nation. With over three decades of experience in real estate acquisition, investment, development, and construction, the foundation prides itself on its capacity to adapt to changing community needs while making prudent investment decisions.

Additionally, NHPF is dedicated to delivering tailored resident services through its subsidiary, Operation Pathways, which supports families facing poverty and hardship with family-centered coaching and other programs.

Currently, NHPF owns and operates 63 properties across 15 states and the District of Columbia, catering to over 25,000 residents. As Joseph Weatherly embarks on this new journey, there is palpable excitement about the innovative strategies he will bring to the NHP Foundation, propelling its mission to new heights. For more information on the NHP Foundation, visit their official website at www.nhpfoundation.org.