The National Housing Trust (NHT) was founded in 1986 to create policies and practices that further the preservation of affordable apartments. Over the past 10 years, NHT has helped preserve nearly 12,000 HUD insured apartments, utilizing over $750 million in financing. Through a joint venture with Enterprise Community Partners, NHT/Enterprise, the Trust has also directly purchased, renovated and kept affordable properties in Illinois, Texas, Florida, South Carolina, North Carolina, Virginia and Washington D.C. In addition, the Trust manages a community development fund, which, since 1999, has provided over $5.1 million in predevelopment and bridge loan financing, supporting private investment of over $280 million and helping preserve more than 3,600 units of affordable housing in California, Florida, Georgia, Indiana, Maryland, Massachusetts, North Carolina, Ohio, Texas, Virginia and Washington D.C.