Housing Partnership Network
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Transcript of Housing Partnership Network
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