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
Spencer Stapes is the Treasurer of HPE and Senior Portfolio Advisor to PPR Note and Owner/Research Director of EconAlpha. “Market Watch” has rated Spencer Staples among the top forecasters each year; top forecaster in 2010; Runner-up in 2015. Mr. Staples specializes in analyzing high frequency data. Spencer Staples is a Certified Financial Planner; someone whose career expands more than 23 years. He started as an Analyst with Bear Sterns;served as partner of Allegro Capital, Ltd; served as a Senior Analyst in London for Mizuho Bank. Founded EconAlpha in May 2008.
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