The housing crisis in the United States is getting worse. What was already a challenging situation has been compounded by the increasing frequency of severe weather events like hurricanes Harvey and Irma, as well as by proposed federal budget cuts for fiscal 2018 that would slash HUD programs by $6.2 billion. These and other factors are putting great strain on the insufficient resources set aside to help low-income people maintain an adequate standard of living.

This crisis cannot be solved by the public, private, or government sectors alone. A problem of this scale requires innovative, multisector solutions designed to preserve affordable housing, drive system change, and create economic opportunity for those who need it most.

Entrepreneurial nonprofit housing organizations are nimble, deploy large amounts of capital, and have an enormous impact on the lives of the individuals and families they serve. When equipped with the necessary resources — specifically, access to enterprise-level capital — magic happens and organizations with tried-and-true solutions achieve even deeper impact and change lives. The Housing Partnership Network (HPN) creates vehicles to aggregate capital for its members; with flexible, longer-term, lower-cost capital, our members are able to deploy that capital at scale and in an accelerated fashion.

Read the full article about how catalytic philanthropic capital can help supercharge affordable housing nonprofits by Rebecca Regan at PhilanTopic.