Kim Dempsey joins HPN as Executive Vice President & Rebecca Regan appointed new Chief Innovation Officer
(BOSTON, MA) – Housing Partnership Network (HPN), an award-winning Community Development Financial Institution (CDFI) and business collaborative of 100 of the nation’s leading affordable housing and community development nonprofits, is pleased to announce that Kim Dempsey, deputy director of the Social Investment Practice at The Kresge Foundation, will be joining its executive team in September as Executive Vice President of Capital Markets. She will be filling the role formerly held by Rebecca Regan, who will be leading the organization’s innovation work in the newly created position of Chief Innovation Officer.
Dempsey brings 18 years of expertise in housing and community development finance as a researcher, lender and impact investor. “Kim’s experience as a senior leader at one of our premier CDFI member organizations and at an innovative and impactful philanthropic and investment partner perfectly positions her to lead our capital markets team. Capital is one of the most critical elements our members need to scale their success in building affordable homes and revitalizing communities across the country that provide stability and economic opportunity for residents. We’re thrilled to have her join the team,” said Tom Bledsoe, HPN CEO.
Prior to Kresge, Dempsey worked at the Urban Institute and Capital Impact Partners, a leading community development financial institution and HPN member. She has raised and structured funds with public, private and philanthropic capital across multiple sectors and asset classes. Kim will work out of HPN’s Boston and Detroit offices, where she will also be leading the capital raise efforts for HPN’s affiliate Develop Detroit.
“I have long-admired HPN’s entrepreneurial culture and commitment to creating products and enterprises that contribute to members’ ability to expand their impact,” said Dempsey. “I’m excited to lead the capital markets team and look forward to building on Rebecca’s great work to support the development and financing efforts of members across the country.”
Regan led HPN’s Capital Markets team for over eight years. During that time, she raised more than $400 million of debt, equity and grant capital for HPN and its social enterprises. She will now head up the organization’s newly expanded R&D team as Chief Innovation Officer. In this executive role, she will engage with members, partners and staff to create and launch new social ventures that emerge from the HPN innovation lab to address critical housing and community development challenges facing low income residents and communities across the country. This new position also marks an exciting new emphasis in HPN’s work to build cross sector partnerships with the health care sector, and build out resident based initiatives that leverage the powerful role of stable housing in driving improved health outcomes while lowering costs for both consumers and the health system.
The Housing Partnership Network (HPN) is a national network and business cooperative of leading affordable housing and community development nonprofits that operate in every state in the nation. We help millions of people gain access to affordable homes and thriving communities that offer stability, economic opportunity, and an enhanced quality of life. HPN serves as a learning community and innovation laboratory for our dynamic member organizations, where senior executives collaborate to address systemic challenges and opportunities facing our sector that can be best tackled collectively. HPN and our members have created and manage over a dozen social enterprises that pioneer more efficient ways for non-profits to aggregate and deploy resources that strengthen the business performance and social impact of its members and advance innovation in the field. To learn more visit housingpartnership.net.