Housing partnership equity trust Review

About Housing partnership equity trust

Housing Partnership Equity Trust (HPET) is a social-purpose real estate investment trust that practices impact investing, solving one of the nation’s most serious problems: affordable housing. HPET was founded in 2013 by a group of nonprofit organizations and financial institutions with the goal of creating and preserving affordable rental housing for low-income families across the United States.

The mission of HPET is to provide safe, decent, and affordable housing for those who need it most. The organization works with local partners to acquire and preserve existing affordable rental properties, as well as to develop new ones. HPET also provides financing for these projects through its network of investors.

One unique aspect of HPET’s approach is its focus on impact investing. This means that the organization seeks not only financial returns but also social and environmental benefits from its investments. By investing in affordable housing, HPET aims to create positive outcomes for both residents and communities.

HPET has already made significant progress towards its goals since its founding in 2013. As of 2021, the organization has invested over $1 billion in more than 20 states across the country. These investments have helped to preserve or create over 15,000 units of affordable rental housing.

One example of a successful project undertaken by HPET is The Residences at Career Gateway in Columbus, Ohio. This development provides high-quality workforce housing for low- to moderate-income families while also offering job training programs through partnerships with local employers.

Another notable project is The Village at Westerly Creek in Denver, Colorado. This development includes both market-rate and income-restricted units designed specifically for families with children who attend nearby schools.

In addition to providing much-needed affordable housing options, HPET’s investments have also had positive impacts on local economies. By creating jobs during construction and supporting ongoing property management operations, these projects help stimulate economic growth while improving access to safe and stable homes.

Overall, Housing Partnership Equity Trust is a unique and impactful organization that is making a real difference in the lives of low-income families across the United States. Through its focus on impact investing and partnerships with local organizations, HPET is helping to create more equitable communities while also generating financial returns for its investors.