Journal Article

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

Abstract: Housing affordability is essential for neighborhood revitalization and social and economic mobility alike, but affordable housing units continue to be limited as demand for them climbs. In cities throughout the country, including Philadelphia, market forces in gentrifying neighborhoods place the affordability of many housing units at risk. This article will explore the Housing Partnership Equity Trust (HPET), a nonprofit real estate investment trust (REIT) that utilizes private capital to acquire, preserve, and improve affordable rental housing units across the country

Keywords: rental housing; non profits;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Cascade

Publication Date: 2017-04

Volume: 1

Order Number: 95