COVID-19 Response

We understand that the COVID-19 pandemic is presenting significant challenges to your organizations and the communities you serve. HPF stands ready to support our members with our existing loan products or would gladly customizing a capital solution that can help sustain your organization through this unprecedented time. For more information please contact Ben Greenberg.


The Housing Partnership Network created the Housing Partnership Fund (HPF) in 2001 as its lending arm to meet its members’ growing needs for flexible, early stage financing for affordable housing development. Nationally, HPF serves nonprofit developers focused solely on uplifting low-income populations, using housing as a platform to leverage better health, school, and personal wealth building outcomes. The Fund raises capital from major private, public and philanthropic institutions to drive impact through its investments in members and HPN social enterprises. HPF is a US Treasury certified Community Development Financial Institution (CDFI) and has a AA Four Star Policy Plus rating from Aeris.

CDFI Loan Products

Enterprise and project-level financing to grow our members’ real estate business lines and support the acquisition, development and preservation of single and multi-family affordable housing. Since 2001, we have invested over $150 million across 50+ HPN members.

Explore product details below

HPN Conduit

The HPN Conduit is a new addition to the HPF suite of loan products. The Conduit offers financing for multifamily housing on more flexible loan terms, with a more streamlined borrowing experience. We do this by bringing large scale, highly efficient capital markets securitization tools to benefit individual member loans. $1 million minimum, no maximum loan size.

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New Markets Tax Credits for Homeownership

Using the model created by our consultant, Smith NMTC Associates, HPN is able to use its New Markets Tax Credit allocation to provide participating members with flexible, low-cost capital to support their homeownership efforts. This capital resource enables our members to build more single family homes, and offer more affordable mortgages, quality housing stock, and homeownership support services to low-income home buyers and residents of low income communities.

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Investment Strategy 

As a financial intermediary and membership organization, our financial products are designed directly to meet our members’ capital needs. Loans are structured to advance the particular mission of each member, to improve their business performance and to help them complete high impact projects. Each lending product has emerged from a specific need identified through one of HPN’s peer exchange and supports members’ comprehensive approaches to community revitalization. 

Our competitive advantage comes from collaborating with our borrowers through HPN’s peer exchange model. In addition to underwriting the “real” risks of our borrowers and their projects, our close, collaborative relationships with them provides two additional advantages: we are often able to take on more risk than a traditional lender, and we’re able to tailor our products to help members achieve even more impact in their communities.   

We deliver our products through a variety of structures- on and off balance sheet lending (enterprise and project loans), participations, NMTCs, fund intermediary, and geographic or project-focused funds 

Lending products designed for HPN members' needs

Enterprise Capital  

Our Enterprise loan product was created to support members’ business line capital needs and is not tied to a specific real estate project, giving our members maximum flexibility and access to low-priced capital to deepen their impact. It is designed to serve as start-up or expansion capital for new business initiatives, working capital for organizational liquidity or predevelopment or acquisition capital. This capital is designed to be catalytic; the flexibility it offers our members allows them to be entrepreneurial and nimble in their approach to market opportunities without being delayed by the process of assembling capital. This capital is typically unsecured or alternatively secured.  

Real Estate Financing  

Predevelopment - This product can be structured as term or revolving and provides funding for a full range of predevelopment costs and can also support site acquisition or holding costs. Pre-development loans are typically unsecured while site acquisition loans are secured with a lien on the underlying asset. 

Acquisition Multifamily- A bridge loan product to finance land and building acquisition as well as construction and rehabilitation costs for multifamily properties. Loans are secured by the underlying asset as a first mortgage or subordinate lien. Acquisition line of credit facilities are also available.  

Single Family Acquisition Rehab- A credit facility designed to support the acquisition and rehabilitation costs of single family homes. Loans are secured by the underlying asset as a first mortgage or ownership interest in the ownership entity holding the single family homes.   

Click here for more details on loan terms.  

HPN members interested in financing through Housing Partnership Fund, please contact Lending Director Ben Greenberg to learn more.  

Management Team

Board of Directors

Fred Dodson, Jr.

EVP of Real Estate & Chief Operating Officer, DreamKey Partners

Jesse Elton

Director of Finance, The Community Builders

Michael Solomon

Vice President, Charles Schwab & Co.

Mark Van Brunt

COO, Raza Development Fund

Nancy Wagner-Hislip

Chief Investment Officer, Reinvestment Fund

Clark Ziegler, Chair

Executive Director, Massachusetts Housing Partnership

HPN Member Partners


Community Housing Capital

NeighborWorks Capital

Partners for the Common Good