Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities | Multi-Housing News Online

Bravo!

“Washington, D.C.—The Housing Partnership Equity Trust (HPET), which was formed as a social-purpose REIT, announced that it has raised $100 million from Citi, Morgan Stanley, Prudential Financial Inc., the John D. and Catherine T. MacArthur Foundation and the Ford Foundation. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.”

via Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities | Multi-Housing News Online.

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