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 populations with low and moderate incomes, 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 U.S. Treasury-certified Community Development Financial Institution (CDFI) and has a Four Star Policy Plus AA- rating from Aeris.
Since 2001, HPF has provided $200 million of capital to HPN members for the development, preservation, and operation of affordable housing.
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 $200 million across 50+ HPN members.
New Markets Tax Credits for Homeownership
HPN innovates use of its New Markets Tax Credit (NMTC) allocation to provide members with flexible, low-cost capital to support single-family homeownership. This enables our members to build more homes and offer more affordable mortgages, quality housing stock, and homeownership support services to homebuyers with low and moderate incomes.
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