housing partnership network
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Housing Partnership Network. Alliance of 87 high performing nonprofits 600,000 affordable homes created 2 million low - income families served Foster innovation & entrepreneurship Create & operate social enterprises for wholesale access to capital markets. The Network. - PowerPoint PPT PresentationTRANSCRIPT
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Housing Partnership Network
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Alliance of 87 high performing nonprofits
600,000 affordable homes created
2 million low - income families served
Foster innovation & entrepreneurship
Create & operate social enterprises for wholesale access to capital markets
Peer Exchange – Network meeting
The Network
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Regional and state-wide focus
Strong private and civic leadership
Achieve scale and local accountability
Combine social mission & business savvy
Dallas City Homes, Tarrant County HP, San Antonio Alternative Housing, San Antonio Housing Trust, CDC Brownsville
AHC After School Program - VA
The Members
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Housing Partnership Fund$30M fund financed 11,000 homes
Housing Partnership Ventures$14M equity in four companies
Housing Partnership Insurance$3B of property and liability coverage
Housing Partnership Securities$100M of tax exempt bonds for 2000 apartments Gulf Coast Housing Partnership$20M company to develop 10,000 homes
Eden Housing – California
The Companies
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Captive insurer owned by 18 nonprofits
Property & liability coverage for 37,000 units
Pool and underwrite a preferred risk group
Improved pricing, terms and stability
$1M premium savings & 1.4M profit in 2005
CPDC – Washington, DC
Housing Partnership Insurance
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Funds, pools & securitizes tax exempt bonds
$100M and 2000 apartments financed annually
Better pricing, proceeds and execution
LLC owned by producers, Network & investors
Operating partnerships overseen by Network ACTION Housing - Pittsburgh
Housing Partnership Securities
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Gulf Coast Housing Partnership
New Orleans based nonprofit housing developer
Operates regionally in GO Zone: LA, MS & TX
Modeled after Network’s large scale nonprofits
$20 million of flexible capital at corporate level
Goal: 10,000 homes via partnership strategy
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Partners and Awards