Capital for Communities: Preserving Affordable Rental Housing Through a Nonprofit Real Estate Investment Trust

2017

By: Federal Reserve Bank of Philadelphia

https://www.philadelphiafed.org/community-development/capital-for-communities-preserving-affordable-rental-housing
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Affordable Housing Programs  |  Housing Supply Planning

This article analyzes the Housing Partnership Equity Trust (HPET), a nonprofit real estate investment trust (REIT) that uses private capital to improve affordable rental housing. The article explores other financing mechanisms to preserve affordable units and combat gentrification.