Today, Ray Hoffman’s son Nick works as a project manager, having worked his way up through the business. Nick Hoffman says that many of B&H’s people have been with the company for decades and have family members of their own working alongside them, which they take a great amount of joy in. “A lot of people don’t like to mix family and business, but it works for us,” he says.

Hoffman, along with current company president Mike Wichmann, purchased the business outright in 2021 as 50/50 co-owners, following Ray’s passing due to complications from COVID-19. Wichmann had shadowed and developed a relationship with Ray, which made the move to an even partnership make even more sense. Hoffman describes the present-day business as one that continues to thrive by offering the very best to its loyal clients.

Indeed, B&H Construction has made its name in commercial and residential construction projects. In recent years, the company has concerned itself with creating affordable housing for Nevada in areas across the state, including units for the Section 3 program, which invests federal money into distressed communities across the country.

The company’s non-profit work started about a decade ago; ever since, the home-building sector in the area has expanded greatly with even more money pouring into it. “We’ve solidified ourselves as a good contractor in the space,” Hoffman says. B&H has built many apartment buildings over this stretch, including housing for seniors, disabled veterans, and those in the community most in need of affordable housing.

One of the team’s biggest projects to date has been Visions Park, comprising 100 units of affordable and accessible housing for individuals who are blind, commissioned by the Blind Center of Nevada. The project is unique to Las Vegas and, indeed, to Nevada, in that most construction projects in and around the city need to meet a minimum threshold of five percent accessibility and two percent accessibility for hearing and/or visually impaired people. However, all units in Visions Park are accessible to that end, and the company is excited to be part of communities that go beyond minimum accessibility requirements. The Blind Center of Nevada hosted a hard hat walkthrough of the build in mid-June of this year, and Visions Park is slated to open in the second quarter of 2026.

A robust roster of contractors is a must for any construction outfit, and Wichmann says that since B&H has been around for over 30 years, it has been able to carefully tailor its subcontracting partners. Typically, the contractors B&H works with are responsive individuals with a track record of quality craftsmanship—in short, people who are fully involved and invested in their jobs. The company relies on these contractors heavily for specific aspects of the work, such as plumbing or electrical. Giving a wide array of subcontractors a fair chance to bid on a project and partner with the company has been integral to the team’s success, Wichmann says, and has seen the company build a lineup that remains reliable.

As with so many construction firms today, a strong workforce is all-important to ensuring success on operations. To this end, the company has always looked for motivated people who are willing to go the extra mile. Hoffman says that working here is more than just a job, and the best part of the work is completing projects and seeing how much the tenants enjoy moving into their new living space.

Everyone takes a lot of pride in the finished product, he says—and in the fact that it is not just about making money but about moving people into their new homes. He notes that 90 percent of the company’s projects over the past five years have been connected to affordable housing, whether for the state government or for non-profits in Nevada. This sector occupies most of the firm’s workforce and continues to grow, meaning that the future for B&H is very bright.

Another value that is always kept top of mind at B&H is measured growth. Wichmann explains that, in construction, there are many opportunities that allow for specific company growth, but it was the wish of founder Ray Hoffman to be involved in the daily oversight of the company’s projects so their needs could be met by him personally. While the opportunity for more revenue exists, Wichmann believes that B&H would lose the personal engagement it has with its clients and developers as a result. Keeping with the approach of personal communication and staying fully involved allows the business to remain proactive and true to its top priority. “We’re blessed to have these customers,” he says. “They trust us to deliver, and we do.”

Of course, affordable housing has become a hot issue in North America today, which has kept B&H very busy and promises to for the foreseeable future. Wichmann asserts that Las Vegas’ housing market is underserved by a rate of about 90,000 affordable housing units, a deficit that he says likely cannot be corrected in a short amount of time. Over the past year, the affordable housing community was able to put between 2500 and 3000 units into the Las Vegas valley, an amount that just is not sustainable as the cost of living and median home price continue to rise. Land availability within Las Vegas also remains a challenge, as it is not enough to simply build more units for people to live in; they must be constructed with an intelligent use of the available land.

As 2025 moves into its second half, the company will remain focused on affordable housing, especially since Las Vegas continues to grow in both population and number of buildings. There are no signs of that growth slowing down, Hoffman says, so B&H plans to stay in its lane with two projects slated to complete construction this year. A 32-unit apartment building for the Nevada Rural Housing Authority is slated for completion in December, while Eastern Land, phase two of a 60-unit apartment building for Neighborhood Housing Services of Southern Nevada (NHSSN), will be completed in October.

Another affordable housing rehabilitation project, comprising 100 units, will take the business through summer of 2026, as will the upcoming Visions Park. The company also has negotiations ongoing with several developers, including newcomers to the client roster, to provide preliminary estimates for new developments that may shake out in the next year. Affordable housing projects are keeping B&H Construction busy for the foreseeable future, and the company is ready to take on more challenges to keep providing quality living units and buildings for people in the Nevada area who are most in need of shelter.

The post This Family Business is Bringing Affordable Housing to Nevada<p class="company">B&H Construction</p> appeared first on Construction In Focus.

Who we are and what we do
Headquartered in Washington, D.C., NALHFA is the national organization that brings together local government agencies and private-sector partners dedicated to the development, financing, and preservation of affordable housing. Through legislative and regulatory advocacy, education, and collaboration, we provide a vital platform for knowledge sharing, thought leadership, and innovation within the affordable housing sector.

Our mission is simple yet powerful: to support local housing finance agencies in their efforts to provide affordable housing in their communities. We do this by advocating for sound federal housing policy, offering high-quality professional development and education opportunities, and fostering a strong network of practitioners who share best practices, challenges, and innovative solutions.

Who our members are
NALHFA’s members are on the front lines of affordable housing. They include local HFAs, housing departments, community development agencies, bond issuers, and nonprofit developers that use tools such as tax-exempt bonds, Low-Income Housing Tax Credits (LIHTC), and other public finance instruments to support the development of multifamily and single-family housing.

These agencies play a critical role in translating federal and state policy into local action. Whether they are providing mortgage assistance to first-time homebuyers, issuing bonds to finance multifamily housing, or managing rehabilitation programs for existing properties, NALHFA members are tackling housing challenges with a hands-on, community-based approach.

Our affiliate members—ranging from banks and law firms to financial advisors and syndicators—contribute industry expertise and support, forming strong public-private partnerships that are essential to the success of affordable housing finance.

Advocacy priorities
NALHFA’s advocacy agenda is centered around protecting and enhancing the federal tools that empower local housing efforts. Our top priorities include:
• Preserving and expanding the LIHTC program, the nation’s most successful tool for developing affordable rental housing.
• Protecting tax-exempt private activity bonds, which are crucial for financing both rental and homeownership housing.
• Supporting down payment assistance initiatives to help low- and moderate-income families access homeownership.
• Increasing funding for the HOME Investment Partnerships Program and Community Development Block Grants, vital resources for local governments.
• Promoting reforms to streamline the federal housing finance system, ensuring that local HFAs maintain access to secondary mortgage markets.

Through regular engagement with Congress, the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of the Treasury, and other federal agencies, NALHFA ensures that the needs of local housing finance agencies are heard and addressed.

Legislative wins for the organization
NALHFA has a long track record of successful advocacy that has resulted in meaningful policy outcomes. In recent years, we have:
• Secured a permanent four percent floor on LIHTC allocations for bond-financed properties, improving financial predictability and deal viability.
• Protected the tax-exempt status of private activity bonds during major federal tax reform debates, preserving this critical financing tool.
• Advocated for increased allocations to affordable housing and community development programs in annual federal budgets.
• Successfully advocated for the indefinite extension of the Federal Financing Bank Risk-Share program, ensuring local HFAs can continue to leverage this critical financing tool to expand affordable housing in their communities.

These victories were made possible through sustained advocacy efforts, coalition-building, and member engagement. NALHFA continues to work tirelessly to shape federal policy that empowers local leaders to respond to their community’s unique housing needs.

Why join as members
Membership in NALHFA offers unparalleled access to advocacy, education, and networking tailored to the needs of housing finance professionals. By joining NALHFA, agencies and partners gain:
• A powerful voice in Washington, ensuring that local perspectives are considered in national housing policy.
• Access to a nationwide network of peers facing similar challenges and opportunities.
• Insight into federal legislative and regulatory developments, with timely updates and expert analysis.
• Discounted registration for events and training programs.
• Opportunities to shape the future of affordable housing, through committee participation and thought leadership.

Whether you’re a small city housing department or a large bond issuer, NALHFA membership connects you to the resources and relationships that matter most.

Educational opportunities: NALHFA University and the Leadership Excellence Institute
NALHFA is deeply committed to building the capacity of housing finance professionals through innovative educational programming.

NALHFA University, our cornerstone training platform, offers a comprehensive suite of webinars and courses tailored to professionals at all experience levels. Topics include bond financing, LIHTC compliance, project underwriting, and emerging issues in housing finance. These sessions are led by industry experts and are designed to provide practical knowledge that participants can immediately apply in their work.

In addition, the NALHFA Leadership Excellence Institute (LEI) is an exclusive professional development program for mid-level managers in the affordable housing field. Combining in-person and virtual cohort sessions with executive coaching, e-learning modules, and leadership assessments, LEI equips participants with the tools to lead teams, drive organizational change, and grow within their careers. The program fosters a community of rising leaders committed to excellence in affordable housing finance.

NALHFA’s Annual Conference
NALHFA brings members together every Spring at its Annual Conference, the premier event for local housing finance professionals. This multi-day gathering features expert panels, peer-to-peer learning, federal policy updates, and dynamic keynote speakers. Attendees gain fresh insights, learn about successful projects across the country, and leave inspired to elevate their work.

The conference also serves as a celebration of excellence. NALHFA’s Awards of Excellence recognize outstanding member projects that demonstrate innovation, impact, and community benefit. From transformative housing developments to cutting-edge financing strategies, these awards showcase what is possible when local agencies are empowered to lead.

Whether you’re new to the field or a seasoned practitioner, the NALHFA Annual Conference is the place to recharge your passion, reconnect with peers, and reimagine what affordable housing can achieve.

Key takeaways
In a time of historic housing challenges and unprecedented attacks on federal programs and resources that make affordable housing possible, NALHFA stands as a beacon of leadership, innovation, and collaboration. Our members are the builders of communities, the problem-solvers on the ground, and the champions of housing equity. Through strong advocacy, cutting-edge education, and a vibrant professional network, NALHFA continues to empower local housing finance agencies to create lasting change.

If you believe in the power of local solutions to national housing issues, there is no better time to become part of the NALHFA community.

Join us. Learn with us. Lead with us.

The post Empowering Local Housing Finance Agencies to Build Stronger Communities<p class="company">National Association of Local Housing Finance Agencies (NALHFA)</p> appeared first on Construction In Focus.