Lincoln Avenue Capital, a leading investor, and builder of affordable housing has signed a multi-party agreement with the Housing Partnership Equity Trust (HPET), a fund with long-term social investment in affordable housing all over the United States. The project is expected to be completed by the end of this year when Lincoln Avenue Capital will be one of several independent affordable housing companies.

HPET was founded nine years ago by Wall Street banks, corporations, and nonprofits who came together to build investment systems and maintain affordable housing. Currently, HPET is controlled by other non-partisan and reputable companies that maintain affordable housing and create jobs for low-income people money and family. In partnership with nonprofits HPET, Lincoln Avenue Capital plans to purchase approximately $ 150 million per year from staff and affordable housing to increase HPET funding.

The company will continue with HPET in the face of the usual unsupported social housing (called “social housing” or “NOAH”). Their rents are lower than the local real estate market.

Founded in 2012, HPET is a concept founded by the Housing Partnership Network (HPN), a hundred leading partners in affordable housing and development. with the villagers and other construction workers. The group voiced the idea of attracting individual equity to affordable housing and not real estate trusts (REITs) that could be set up by four other large well-known housing companies. owners in many countries. the world. HPN and its representatives have worked on the implementation of this concept with the John D. and Catherine T. MacArthur Foundation and other large companies, including Citibank, Charles Schwab Bank, Ford Foundation, Prudential, and Morgan Stanley Bank. Today, HPET has approximately 3,000 families in seven US states.

Lincoln Avenue Capital expects to have a trading option by the end of 2021. It acquires a major stake in HPET, which is affiliated with four other commercial institutions, including the MacArthur Fund. HPET’s not-for-profit affiliates own 7.5% of the company’s shares. Other investment institutions include Prudential Impact Investments Private Equity LLC, Citibank, N.A., Morgan Stanley Bank, N.A., and Charles Schwab Bank, SSB. Managed by Lincoln Avenue Capital, HPET continues to explore housing opportunities and raise capital. Beekman Advisor for HPT invests in sales.

About LAC:

Lincoln Avenue Capital is one of the fastest-growing and most affordable housing units in the country, providing luxury and affordable housing to the poor, retirees, and families around the world. LAC is a missionary organization with an organization of over eighty-eight buildings covering over 15,000 homes and serving over 43,000 residents in 14 provinces.

About HPET:

The Housing Partnership Equity Trust (HPET) is a public land fund set up by non-profit companies to purchase affordable housing. HPET works with its partners to provide and maintain affordable housing in residential areas that meet the demands of home improvement. HPET’s non-profit members include AHC Inc., Aeon, BRIDGE Housing Corporation, Chicanos Pro La Causa, Inc., Eden Housing, Inc., Enterprise Community Development, Inc., Hispanic Housing Development Corporation, American Housing, Housing Partnership Network, LINC Housing Corporation, Mercy Housing, Nevada HAND, Inc., NHP Foundation, NHT Communities and POAH.

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