In Memoriam: NHP Foundation’s Steve Green
His career was guided by a belief in the power of real estate to improve lives.
We are heartbroken to share the passing of our beloved colleague and friend Stephen M. Green, who died earlier this month. Steve served as executive vice president & chief investment officer at NHPF for 11 years, where he played a transformative role in shaping the organization’s investment strategy and affordable housing portfolio.
A real estate visionary with more than 35 years of experience in both the public and private sectors, Steve pioneered some of NHPF’s most sophisticated and impactful deals—layering HUD-insured debt, tax credits, tax-exempt bond financing and conventional financing to bring ambitious projects to life. He was the engine behind many of our most complex transactions, and his steady leadership, deep industry knowledge, and gift for collaboration left a permanent mark on the communities we serve.
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One of Steve’s most enduring legacies is the Park Heights Redevelopment in Northwest Baltimore. This $100-plus million effort, championed by Steve in 2020, secured critical public and private investments—including a $10 million city loan and state Low Income Housing Tax Credits—to create 288 new homes. The project includes a mix of multi-family buildings and detached single-family homes with front and backyards—a rare and intentional choice for Baltimore, designed to foster homeownership and stability in an underserved community. The first homes will open this May, a living embodiment of Steve’s vision and commitment.
Steve’s impact extended far beyond his time at NHPF. He previously served as director of the Office of Capital Programs at the District of Columbia Housing Authority, overseeing a $20 million construction program and managing a $750 million redevelopment pipeline across 2,500 units. Earlier, at William C. Smith Co., he led major mixed-use and master-planned developments, including a seven-site project with 1,682 residential units and a 275,000 square-foot commercial component.
During his tenure in the Executive Office of the Mayor of D.C., Steve helped shape housing policy, negotiated over $2 billion in economic development projects and played a key role in bringing Major League Baseball back to the capital—serving as the city’s lead negotiator in the relocation of the Montreal Expos.
From his early work in Connecticut with The Community Builders Inc. to owning and operating his own construction firm, Steve’s entire career was guided by a belief in the power of real estate to improve lives. He built not only buildings but communities—and mentored countless colleagues along the way.
Steve was more than a brilliant dealmaker—he was a kind, principled and generous leader. We will remember him not only for what he built, but for the way he made those around him feel: supported, inspired and part of something bigger.
He loved dogs, boats, travel, beach vacations, red wine, theater and all sports and was affectionately known to many as “The Admiral.”
Steve is survived by his brothers, Rick (Trish) and Chris (Leslie); children Todd (Rosalee) and Tara; his children’s mother, Jill Comstock; grandchildren Todd, Camren, Tafsir, Sophia, Jazmine and Syan; great-grandson Chance; his partner Debra Yogodzinski and innumerable, much-beloved nieces, nephews and friends.
In lieu of flowers, donations can be made to the ASPCA, the Capital Area Food Bank, or a charity of your choice.
Marijane Funess is marketing/PR director for The NHP Foundation.
