GOLD2023

The Housing Partnership Network, Inc.

Social mission. Private enterprise.

aka HPN   |   Boston, MA   |  https://housingpartnership.net

Mission

Through practitioner-driven peer exchange, policy and innovation, the Housing Partnership Network’s mission is to leverage the individual strengths and mobilize the collective power of our member organizations. Our vision is that all people live in vibrant and inclusive communities where access to affordable homes creates opportunity and economic mobility.

Ruling year info

1993

President & CEO

Ms. Robin Hughes

Main address

1 Washington Mall, 12th Floor

Boston, MA 02108 USA

Show more contact info

EIN

04-3172401

NTEE code info

Management & Technical Assistance (L02)

Management & Technical Assistance (L02)

Community, Neighborhood Development, Improvement (S20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Improved economy, opportunity, education, and public health begin with stable homes. Yet America’s housing crisis grows increasingly acute and widespread each year. According to Harvard’s Joint Center for Housing Studies, almost one-third of all households—20.5 million renters and 17.3 million homeowners—pay too much of their income on housing. Racial minorities face the steepest gap in housing unaffordability and wealth-building. Not only is access to housing a human right, but equity also makes fiscal sense. A 2019 McKinsey report estimates that the U.S. GDP could be 4-6% higher by closing the racial wealth gap. HPN fosters an environment that allows strong independent nonprofits to share best practices and develops social enterprises owned/directed by these nonprofits, allowing us to do more together than we could alone. Our high performing network catalyzes innovative and systemic change in order to build more stable homes and create wealth through homeownership in America.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Peer Exchange

Proving that strong independent organizations can do more together than alone, our MEMBERSHIP is an award-winning business collaborative of 100 of the nation’s leading affordable housing and community development nonprofits. These organizations, which share a common mission to promote sustainable communities and close the racial wealth gap, collaborate to advance best practices, solve shared challenges, and fill gaps in the industry. Members come together to create collectively-owned social enterprises that enhance operations and impact and explore key topics such as: asset-building; health & housing; diversity, equity and inclusion; distressed markets; disaster recovery; talent management; property management; operations; finance; and public policy.

STRENGTH MATTERS® is an industry collaborative among Housing Partnership Network, NeighborWorks America, and Stewards of Affordable Housing for the Future, organized to increase the financial strength and access to capital of nonprofit affordable housing enterprises.

To look ahead and learn from best practices across the globe, the INTERNATIONAL HOUSING PARTNERSHIP is a growing learning community of 175 high-capacity nonprofits from four countries. A current research initiative is preparing the investment market for the advent of affordable housing as a global asset class.

Population(s) Served
Economically disadvantaged people

Working closely with investors – including banks, intermediaries, corporate and private foundations and venture philanthropy – the Capital Markets team is dedicated to helping to identify capital resources to support HPN member-led innovations and social enterprises. This team also features a top-rated CDFI, the Housing Partnership Fund, which raises debt, equity, and grants to provide critical financing to HPN's social enterprises, member developers and beyond.

Population(s) Served
Economically disadvantaged people

Our high impact network has catalyzed over a dozen successful social enterprises since 1999. This innovation pipeline and business portfolio solves for market gaps to enhance the work of our member network, allowing them access to new revenue streams, products, and capital that they could not obtain alone. New ideas often arise from shared challenges or opportunities expressed through peer exchange, collaboration, and incubation aided by HPN platform services such as R&D and innovation, capital raise, marketing and communications, finance, human resources, and information systems and technology.

Examples of award-winning mission-driven businesses include: a social-purpose Real Estate Investment Trust (REIT) that finances affordable, non-subsidized multifamily properties across the nation; a Community Development Financial Institution (CDFI) that drives impact through lending to members and equity investment in collaborative social enterprises, a property and casualty insurance company that insures member units at rates that reflect members’ superior performance; competitive wholesale purchasing of green and efficient building and renovation products; and a web-based homeownership education platform that has served more than 500,000 consumers.

Population(s) Served
Economically disadvantaged people

A unique network of mission-driven affordable housing developers, owners, lenders, and community development organizations sets our policy work apart. Peer exchange among these organizations breaks down barriers between nonprofits and sectors to identify key issues and collaborate to shape and advance systems change. A DC-based policy team harnesses the power of this high impact network and works with Congress and federal agencies to unlock capital and improve the effectiveness of housing and community development programs. Our peer exchange model was instrumental in launching the Capital Magnet Fund's flexible financing solutions for affordable housing and economic development and most recently played a paramount role in legislation which opens up access to wealth-building for over half a million low-income people living in housing owned and managed by private developers.

Population(s) Served
Economically disadvantaged people

Where we work

External assessments

Evaluated via the Impact Genome Project (2019)

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We are a network of 100 top-performing, high-capacity nonprofit housing developers, owners and financial institutions throughout the United States. Our shared mission is to help millions of people gain access to affordable homes and thriving communities that offer economic opportunity and an enhanced quality of life. As individual organizations, HPN members change communities and people’s lives for the better. As a network, we change the larger market systems and value chains in which we operate to be more efficient, more sustainable, and better positioned to achieve scaled impact. Through our network, we leverage our collective talent, market power, and business innovation to achieve more together than we could acting alone.

HPN’s catalytic value is at the broader market and systems level where impact can be most effectively achieved together and be multiplied. HPN focuses on four key strategies to make members more efficient, more sustainable, and better positioned to achieve scaled social impact: leadership exchange, policy & advocacy, business innovation, and capital.

Peer Exchange – Creating and curating a safe space that allows for the acceleration of knowledge transfer, sharing best practices and generating ideas through leadership and community of practice peer exchanges.

Policy/Advocacy – Influencing policy makers with the power of the combined experience and our members’ real-world successes on the ground.

Innovation – Filling the gaps in the affordable housing and community development industries through innovative business solutions that create buying power, save - and make - members money, make markets, prove concepts and support sustainability.

Capital - Aggregating capital to meet members' need for flexible, early stage and long-term resources for affordable housing development.

Through the four strategies above, we aim to: 1) Help nonprofits acquire, preserve, and revitalize large stocks of existing affordable homes; 2) Create pathways to economic opportunity and mobility for low- and moderate-income families; 3) Promote better health and educational outcomes for residents and families by creating partnerships that integrate and connect the systems for housing, education and health care; 4) Aggregate and deploy impact capital from institutional investors and high net worth individuals; 5) Strengthen our members and HPN as social enterprises; and 6) Change the narrative about affordable housing.

HPN has built a strong operating platform led by experienced senior executives who have overseen more than $2 billion in national grant programs and business initiatives over their professional careers. For 25 years, HPN has been a leading HUD certified national housing counseling intermediary, working to ensure that our members’ communities are getting the resources they need to thrive.

We also have built and managed more than a dozen social enterprises, including a sophisticated captive insurance company, the Housing Partnership Insurance Exchange, which provides property, liability and workers compensation coverage to 26 nonprofits and insures more than 75,000 affordable apartments valued at more than $10 billion. HPN also designed, built and launched the Housing Partnership Equity Trust, a $300 million social purpose real estate investment trust (REIT) to help members acquire and preserve naturally occurring affordable housing (NOAH). HPN’s CDFI, the Housing Partnership Fund, has been a pioneer in designing and deploying more than $150 million in flexible, enterprise-based lending products to support the acquisition and development of affordable housing. We have advanced innovation in construction technologies through HPN Select, a groundbreaking group-buying consortium that provides nonprofits preferred access to sustainable and healthy building products, including state-of-the-art research on the most cost effective and environmentally friendly products through our EcoGuide. In partnership with the Minnesota Homeownership Center, HPN launched Framework, an industry-leading product to support residents in their pursuit of affordable homeownership and beyond. Framework is a consumer-focused, technology platform that has forged scaled partnerships with the financial services industry to provide over 500,000 families (and growing) on their path to homeownership.

HPN uses its proven model of peer exchange, policy, and innovation to improve the lives of the low-income individuals and families served by its members. Since inception, HPN members have collectively developed, rehabilitated, or preserved 426,051 affordable homes throughout the country, financed over 1 million housing units, and assisted almost 12 million people through housing, community facilities, and services. In one year alone (2018-2019), our members developed, rehabilitated, or preserved almost 7,000 affordable homes, financed over 250,000 housing units, and assisted 900,000 people.

Notable progress was made in 2019 to: 1) increase capital for preservation and creation of affordable housing stock; 2) pursue business innovation to reduce costs, scale access to homeownership, and support the physical and economic health of residents in member properties; and 3) change the narrative about affordable housing throughout the country.

Specifically, HPN expanded lending to members through our CDFI, Housing Partnership Fund (HPF). HPF ended 2019 with $70MM+ assets under management and $40MM+ loan assets on balance sheet, making HPF one of our most robust social enterprises and business lines. HPF’s innovative use of the New Market Tax Credit program for affordable housing alone has financed construction of almost 400 single-family homes in 8 different states and metro areas since 2017.

The innovation pipeline includes a platform to build a game-changing marketplace for greener and healthier building materials and technologies in affordable housing construction and renovation; key relationships with c-suite leaders in the health sector and a community of practice focused on social determinants of health and cross-sector collaboration; and the sale of our LaunchPad housing counseling technology to NeighborWorks, which will result in a consolidated best-in-class product for the industry.
HPN continues to be a thought leader in elevating and changing the narrative the affordable housing sector through frequent engagement with our members, key partners, through a wide variety of speaking engagements such as South by Southwest (SXSW), the National Alliance of Community Economic Development Association’s People and Places conference, and the National Association of Affordable Housing Lenders.

In the coming years, we will expand the reach across sectors and impact of members in affordable housing, giving more low- and moderate-income people access to affordable housing, thriving communities, and economic security and mobility. Cross-sector collaboration for comprehensive community development begins with housing as a unifying platform. Housing is an effective foundation for targeted impact in community development because of its ability to tackle challenges and produce positive outcomes in several key areas, including economic empowerment, job access and creation, improved health, and educational success.

Financials

The Housing Partnership Network, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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The Housing Partnership Network, Inc.

Board of directors
as of 03/29/2023
SOURCE: Self-reported by organization
Board chair

Ms. Deidre Schmidt

Commonbond Communities

Organizational demographics

SOURCE: Self-reported; last updated 11/11/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female, Not transgender
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 11/14/2019

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.