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

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  • Noelle St. Clair

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

Suggested Citation

  • Noelle St. Clair, 2017. "Capital for Communities: Preserving Affordable Rental Housing Through a Nonprofit Real Estate Investment Trust," Cascade, Federal Reserve Bank of Philadelphia, vol. 1, April.
    • Handle: RePEc:fip:fedpca:0074
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    File URL: https://www.philadelphiafed.org/community-development/capital-for-communities-preserving-affordable-rental-housing
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    Keywords

    rental housing; non profits;

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