Featured in the Journal of Case Study Research
New tools are needed to ensure safe and affordable housing is available for all income levels as the nation’s rental affordability crisis affects individuals and families across the income spectrum. Naturally occurring affordable housing either falls out of the marketplace after severe disinvestment and deterioration, or moves out to the top of the market through increased rent or conversion to ownership, and this disappearing stock is prohibitively expensive to replace. A social purpose real estate investment trust (REIT), such as the Housing Partnership Equity Trust (HPET), provides a private market, mission-driven solution for preserving affordable housing across the country. The trust’s unique structure allows for long term ownership and preservation of affordability at HPET-owned properties.