HPN has been a financing partner of Gulf Coast Housing Partnership (GCHP) since 2006. HPN has provided both project-level acquisition financing as well as enterprise-level debt. The Enterprise loan is flexible, unsecured capital that can act as growth capital and support the ability to quickly move on investment opportunities by adding cash to the borrower’s balance sheet. GCHP is currently using these funds to support predevelopment costs of its development pipeline. GCHP has developed over 2,150 affordable high quality housing units and more than 125,000 square feet of community service commercial space over the last 10 years.
HPN enterprise loan support has not only allowed GCHP access to flexible financing necessary to initiate high impact projects but thanks to balance sheet strength bolstered by HPN, GCHP has been able to attract additional similar capital. Capital has extended organizational impact and catalyzed growth; GCHP would not be the regional provider it is today without HPN and Enterprise capital support.
Kathy Laborde President, Gulf Coast Housing Partnership