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The Housing Partnership Network created the Gulf Coast Housing Partnership (GCHP) to spearhead the rebuilding of housing and communities in Louisiana and Mississippi. This innovative public/private partnership grew out of the recovery efforts of HNP members that assisted thousands of families after the devastating Hurricanes Katrina and Rita. As these organizations shared strategies for helping families to find housing in their own communities, HPN recognized the need for a well-capitalized nonprofit that could address the permanent housing and rebuilding needs of New Orleans and the broader region.
Building on the experience of HPN members, HPN partnered with government, business and philanthropic organizations to create a well-funded nonprofit that could put their resources to effective use. HPN invested $2 million of core equity from its Housing Partnership Ventures Fund, helped raise matching funds from foundations and arranged a $14 million line of credit from Fannie Mae.
Today, GCHP is a significant contributor to the region's affordable housing and community development goals. GCHP has a pipeline represented by partnership developments with 56 nonprofit, for-profit, government and philanthropic entities for the infusion of over $314 million of community revitalization investments and the creation of 2,050 units of affordable housing in the Gulf Coast region.
After being managed initially by HPN, GCHP is now an independent organization and a member of HPN. Its president, Kathy Laborde, serves on the HPN Board of Directors.