The financial and human impact of Hurricanes Harvey, Irma, Maria and Nate are beyond easy measure. Communities from Houston, to Florida, Louisiana, Georgia, Mississippi, South Carolina, Alabama, Puerto Rico, and Virgin Islands have been devastated. Over 1.18 million mortgage properties were damaged by Harvey with estimated UPB of $179 billion; over 3.14 million mortgage properties were damaged by Irma with UPB of $517 billion; potentially $85 billion in damage to Puerto Rico because of Maria.
While federal and state governments are poised to help (FEMA, SBA, HUD/Labor), there will never be enough government money to address rebuilding challenges.
HPE is convening nonprofit, for-profit, GSE executives and government (state/local/federal) to identify nonprofit/for-profit collaborative strategies, nonprofit/for-profit resources that can be deployed for purposes of re-stabilizing communities. HPE was founded in the wake of an even more extraordinary crisis—the foreclosure crisis. HPE was founded in the belief that nonprofits are uniquely qualified to help troubled neighborhoods stabilize, to assist homeowners avoid foreclosure and become re-performing note payers. To implement its mission HPE forges strategic alliances with private capital partners for the purpose of acquiring Nonperforming Loans (NPL’s), thereby allowing HPE and capital partners to pursue loss mitigation strategies advancing better outcomes for homeowners and neighborhoods. The HPE Forum will provide a “working/conversational” environment whereby leading nonprofits, government officials and for-profit executives collectively examine and tweak established NPL acquisition models so that the models better accommodate the massive rehabilitation requirements of affected homes/communities. The Forum is an all-day gathering of state/local officials, GSE representatives, HUD officials, SBA, Labor officials, FHFA executives, Fannie Mae executives, leading nonprofits officials and for-profit executives.
Date: November 14, 2017
Time: 8:30am - 4:00pm
Location: Metropolitan AME Church Meeting Room, 1518 M Street. N.W. (downtown Washington, D.C.).
*Agenda subject to change
--National Faith Home Buyers is lead Partner for the November 2017 Forum.--
HPE creates limited partnerships with capital partners for the purpose of either negotiating trades or participating in auctions sponsored by the Federal Housing Administration (FHA) and the Federal Housing Finance Agency (FHFA—the conservator for Fannie Mae and Freddie Mac). By pairing with “socially conscious” private capital partners, HPE has been able to access assets to the advantage of hard hit communities—resulting in re-performing loans and other neighborhood stabilization outcomes.
We monitor the market for the opportunities with greatest potential for extraordinary benefits
CAPITAL AND COMMUNITY
We match the interest of financiers with "socially conscious" organizations
EVALUATE THE PORTFOLIO
ASSESS THE VALUE
We assemble the expertise to meet investor requirements and desired outcomes.
Home Preservation Exchange (HPE) is a nonprofit organized for the purpose of right-sizing the housing market and stabilizing neighborhoods by promoting nonprofit/for profit partnerships and together leveraging private capital to acquire nonperforming loans (NPL’s) and bank-owned homes (REO’s). The HPE model is attractive because it is sustainable and scalable; it relies on private capital to acquire assets and nonprofits to convert assets into preserving home ownership or creating home ownership for new low/moderate income individuals.
A Howard University and Howard University Law School honors graduate, Ms. Pratt is one of a handful of women with the experience of running a major government enterprise; first African American woman elected mayor of a major American city (Washington, DC); first woman elected an officer of the Potomac Electric Power Company (Pepco); the first woman elected Treasurer of the National Democratic Party (DNC) and founder of Pratt Consulting.
Over the last 3 years, Ms. Pratt has successfully forged capital partnerships allowing HPE to acquire approximately $18M in assets (NPL’s).
Ms. Pratt serves as a Panelist/Speaker for HUD (Housing Urban Development) forums and Webinars.
A diagnostic evaluation of the need and introduction to the current opportunities.
We begin the exhaustive due diligence necessary for a successful negotiation or bid
We assist in managing the assets, the narrative, and administration
Foreclosure Assistance Administrator, Arizona Department of Housing. The University of Phoenix graduate is a recognized professional in the important sphere of single family housing mortgages.
Strategic Consultant in Community and Economic Development. A graduate of Yale University and Yale Law School, Ms. Golden has served as a Yale Research Scholar, as well as a consultant around education and neighborhood stabilization.
Counsel to HPE. The Columbia University and Columbia University Law School graduate serves as DC Managing Partner of Wilson Keadjian Browndorf, LLP, Chairman of the South African Chamber of Commerce in America. Mr. Roxborough has more than a decade of experience in the areas of structured finance and derivatives.
CONTACT HOME PRESERVATION EXCHANGE NOW
HPE was “informally” launched at a Fannie Mae-sponsored Forum hosted at the Ford Foundation offices in Manhattan in 2012. The gathering of federal officials, state housing officials, nonprofit housing executives, Think Tank professionals and private sector executives focused on identifying the most effective foreclosure mitigation strategies.
2101 L Street, NW
Washington, DC 20037