The Housing Partnership Equity Trust: A Market-Driven Solution to Preserve Affordable Housing
In January 2013, HPN and its partners launched the Housing Partnership Equity Trust (HPET). HPET operates as a real estate investment trust with a focus on a “triple bottom line,” that is, a financial return for investors; a commitment to make buildings more energy efficient; and a social mission that targets the housing and service needs of low- and moderate-income residents. HPET pools equity investments from the John D. and Catherine T. MacArthur Foundation, the Ford Foundation, and Prudential with a line of credit from Citibank and Morgan Stanley. HPN manages and operates HPET…Please click here to read more of Elizabeth Kneebone and Alan Berube’s blog post on confrontingsuburbanpoverty.org, or here to find local Housing Partnership Network organizations.