HPET is a social purpose real estate investment trust (REIT) that acquires and operates rental apartment properties across the United States so that thousands of low- and moderate-income families and individuals can live in quality, affordable housing.
Our mission is to work with our nonprofit partners to preserve affordable housing to enhance the lives of our residents and our communities. We encourage social equity, diversity, and inclusion by investing in neighborhoods that have key elements for household success. We deliver environmental impact and enhance our economic returns by improving the environmental performance of our properties.
Home is more than four walls. Home is community. A healthy, affordable home is the foundation, but access to a sustainable community with education, healthcare, job opportunities, quality retail, and community amenities is important to lasting success. HPET properties are strategically selected to maximize the social benefits to our residents. Every HPET property is located near community retail, a job center, and a Head Start program; and nearly all properties offer access to public transit and are within two miles of a community health center, groceries, banking institutions, and public parks.
Social impact is at the core of HPET’s mission. We are committed to the long-term well-being of our tenants. By providing affordable housing to thousands of low- and moderate-income households, HPET is improving our tenants’ lives through financial stability, improved health, and increased access to opportunity.
HPET is committed to maintaining high standards of corporate governance. We believe that open and transparent operations are the best way to instill investor confidence and mitigate operational risks. HPET recognizes the importance of environmental performance and the benefits it offers our stakeholders – investors and residents. We believe that sustainable practices help mitigate the risks of an ever-changing world and that our ESG policies strengthen our resiliency and ability to weather and respond to environmental and market forces.
HPET was founded in 2012 by the Housing Partnership Network, a collaborative of 100 leading affordable housing and community development nonprofits, and twelve of the nation’s largest and most respected nonprofit developers and operators of affordable multifamily housing. Today, HPET serves nearly 3,000 households in seven states with a portfolio that includes fourteen properties.