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Housing Partnership Network. Peer Exchange…Mission Productivity. Mission Statement. Increase the performance and social impact of non profit community developers. What is HPN?. Founded in 1990 84 organizations nationwide 600,000 housing units produced or financed
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Housing Partnership Network Peer Exchange…Mission Productivity
Mission Statement Increase the performance and social impact of non profit community developers
What is HPN? • Founded in 1990 • 84 organizations nationwide • 600,000 housing units produced or financed • Regional (not local) community development organizations
HPN Social Enterprises The Whole is Greater than the Sum of the Parts
HPN Enterprises • Housing Partnership Insurance • $10 million captive insurance company owned by 18 regional nonprofits; 35,000 apartments covered • Housing Partnership Securities • $100 million 501c3 bond conduit with Freddie Mac
Future HPN Enterprises • Housing Partnership Mortgage • Anti-predatory mortgage services • $18 million to 200 new homeowners in ’06 • CDFI investment bank • Liquidity outlet for large scale CDFIs
What’s the Bottom Line? • HPN saves us money • HPN increases our competitiveness • Solves problems too big for a single member