Modelled on a successful system operating in the United Kingdom for many years, the NHFIC was a federal government initiative aimed at providing a more efficient funding mechanism for community housing providers.  Distributed via a range of state and local government agencies, as well as through approved developers, the organisation essentially unlocked the potential of housing projects that might not otherwise have been completed.

Ellington Savage was chosen to recruit the management team for this entirely new enterprise, drawing talent from commercial property providers to lead specialised functions in relationship management, deal origination, credit assessment and bond issuance.