The Housing Partnership

What The Housing Partnership does

The Housing Partnership, Inc. (HPI) is a 501(c)(3) nonprofit affordable housing developer founded in 1990 and headquartered in Louisville, Kentucky, operating as Kentucky's largest nonprofit affordable housing organization. HPI develops, preserves, and manages affordable single-family homes, multifamily apartments, and senior housing communities, with a focus on West and South Louisville neighborhoods that have experienced disinvestment. The organization operates a vertically integrated model that spans property acquisition, new construction, rehabilitation, property management (via RealPage online leasing), and resident services including maintenance and online rent payment through Zego with credit-bureau reporting. Its product portfolio includes the Lease, Live, Buy rental-to-own program, the HUD-certified Homebuyer Education program (6,300+ graduates since 2007), down payment assistance, and an HPI Consulting practice that has supported 142 projects and $675 million in development for external nonprofits and developers across Kentucky.

Revenue is generated through multiple streams: recurring rental income from managed apartments and senior communities (with annual rent increases capped at 5%), one-time home sales (with a guaranteed minimum 5% instant equity at closing), professional consulting fees, and tax-deductible charitable donations. Customer acquisition is hybrid: direct-to-consumer through the website, property management offices, and online leasing platforms; sales-led for home sales via Realtor.com and Zillow listings; and community-led through referral partnerships with Habitat for Humanity, Norton Healthcare, and Louisville Metro Housing Authority. HPI is governed by a Board of Directors that includes the Louisville Mayor as Ex-Officio member and representatives from regional banks, NeighborWorks America, and other mission-aligned organizations, and is funded through LIHTC tax credits, Capital Magnet Fund grants, the Louisville Affordable Housing Trust Fund, Kentucky Housing Corporation, and Federal Home Loan Bank awards. The organization employs 51-100 staff across multiple Louisville offices and reports cumulative activity of 10,143 affordable homes developed or preserved and $1.096 billion in total community investment.

Name

The Housing Partnership

Legal name

The Housing Partnership, Inc.

Website

https://wearehpi.org

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

The Housing Partnership is a Louisville, Kentucky-based nonprofit affordable housing developer founded in 1990 that develops, preserves, and manages single-family homes, apartments, and senior housing for low-income individuals, families, and seniors, while providing HUD-certified homebuyer education and consulting services across Kentucky.

Ownership category

akta.pro rank

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income: HPI generates revenue through renting apartments and single-family homes to residents. As a nonprofit, rent ceilings are guided by national standards with annual increases capped at 5%. Properties include Partridge Pointe, Wilart Arms, Middletown Apartments, York Towers, and multiple senior communities.
2. Home Sales: HPI sells newly constructed and rehabilitated single-family homes to buyers. Homes are sold at below market value with at least 5% instant equity built in. Sales occur directly through realtors or via the Lease-Live-Buy option.
3. Consulting Services: HPI provides consulting services to nonprofits and developers across Kentucky, helping transform community needs into housing. Services include feasibility analysis, financing applications, tax-exempt bonds, partnership structuring, and project delivery.
4. Donations and Charitable Contributions: As a 501(c)(3) nonprofit, HPI accepts tax-deductible donations from individuals and organizations to support its mission of affordable housing development.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

The Housing Partnership is a nonprofit real estate developer that builds, rehabilitates, and manages affordable single-family homes and multifamily apartment communities in Louisville and across Kentucky. It operates a vertically integrated housing model that combines property development, property management, and HUD-certified homebuyer education and financial counseling to move families from renting to homeownership. The organization also sells homes below market value with built-in equity, runs a Lease-Live-Buy rental-to-own program, provides senior housing, and offers HPI Consulting services to nonprofit agencies and developers.

Product overview

The Housing Partnership Inc. (HPI) is a nonprofit real estate developer offering a comprehensive portfolio of affordable housing products and services in Louisville, Kentucky. The core offerings include single-family homes for sale, the Lease-Live-Buy rental-to-own program, multifamily apartments, and senior housing communities. These housing products are supported by the HUD-certified Homebuyer Education Program for financial counseling, Down Payment Assistance for purchase support, and HPI Consulting services for development partnerships. The organization operates a vertically integrated model combining property development, property management, resident services, and community consulting to guide families from renting to homeownership.

Differentiator

Problem solved

Functional benefit

Products and services

• Houses for Sale Newly constructed or renovated single-family homes in West and South Louisville neighborhoods available for purchase directly or through the Lease-Live-Buy program, sold below market value with guaranteed minimum 5% instant equity.
• Lease, Live, Buy Program A flexible rental-to-own program that lets residents lease a quality home with the option to eventually purchase it, including homebuyer education, credit coaching, and budgeting support during the lease period.
• Apartment Communities Affordable multifamily apartment communities including Partridge Pointe (3701 Dena Drive), Wilart Arms (1797 Wilart Drive), Middletown (13730 Poplar Leaf Way), and York Towers (201 York Street), offering 1, 2, and 3-bedroom units with rent increases capped at 5% annually.
• Senior Housing Affordable senior apartment communities for residents aged 55 and over, including Most Blessed Sacrament, St. Bartholomew, Zion Manor I, Zion Manor II, St. Denis, Christ the King, and St. Cecilia, with independent living, supportive services, and affordable rents.
• Homebuyer Education Program HUD-certified education and counseling program providing step-by-step guidance through the home buying process, including financial management, budgeting, credit improvement, and connections to mortgage lenders and down-payment assistance programs. Free for HPI residents and available to non-residents through partner referrals.
• HPI Consulting Consulting services for nonprofits and developers seeking to create affordable housing, including feasibility analysis, competitive financing applications, tax-exempt bonds, partnership structuring, and community outreach.
• Multifamily Development Development of affordable multifamily housing including new construction, adaptive reuse, and acquisition/rehabilitation projects, with notable developments such as Gateway on Broadway (116 units, $47.2 million), Zion II (34 units, $7 million), and Middletown (80 units, $16.2 million).
• Single Family Development Development and rehabilitation of single-family homes in West Louisville neighborhoods, including the Beyond 9th initiative, modular construction, and a nonprofit lease-purchase model with a five-year path to homeownership; has produced 1,642 homes, supported 1,130 new homeowners, and invested $138 million.
• Online Rent Payment Online rent payment service via Zego (with PayLease) allowing residents to make one-time or scheduled recurring payments, with monthly payments reported to credit bureaus to help residents build credit scores. Free for residents to use.
• Down Payment Assistance Financial assistance program providing down payment and closing cost assistance for low- to moderate-income homebuyers in the Louisville Metro area, working with Louisville Metro Downpayment Assistance Program, Limestone Bank AHP DPA, and the Section 8 Homeownership Program.

Quantifiable outcome

• 10,143 affordable homes created or preserved
• +5 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

16 partnerships are on record, tiered core and minor.

• NeighborWorks AmericacoreStrategic or Co-development PartnerHPI is affiliated with NeighborWorks America, a national nonprofit that supports affordable housing and community development. NeighborWorks America provides a representative (Dionne Greenfield) on HPI's Board of Directors and supports HPI's mission through the network's resources and expertise.
• U.S. Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerHPI is a HUD-certified education agency. HUD certification allows HPI to provide official Homebuyer Education that meets national standards and is recognized by lenders for down payment assistance programs.
• Louisville Metro GovernmentcoreStrategic or Co-development PartnerMayor Craig Greenberg serves as Ex-Officio Board Member. Laura Grabowski serves as Mayor Proxy, Director of Housing & Community Development. HPI partners with Louisville Metro for affordable housing development and receives funding from Louisville Affordable Housing Trust Fund.
• Habitat for Humanity of Metro LouisvillecoreChannel Partner/ Reseller/ DistributorHabitat for Humanity refers potential homebuyers to HPI's Homebuyer Education program. Robert D. Locke, Executive Director of Habitat for Humanity of Metro Louisville, serves on HPI's Board of Directors.
• Louisville Metro Housing AuthoritycoreChannel Partner/ Reseller/ DistributorLouisville Metro Housing Authority refers residents to HPI's Homebuyer Education program, enabling Section 8 voucher holders and public housing residents to access HPI's services.
• Norton HealthcareminorChannel Partner/ Reseller/ DistributorNorton Healthcare's Employer Assisted Housing Program refers employees to HPI's Homebuyer Education program as a housing benefit for Norton Healthcare staff.
• House of Ruth, Inc.coreStrategic or Co-development PartnerHPI Consulting partner for a $9.4 million rehabilitation and new construction project providing 40 units for HIV-positive individuals, including a food pantry and church rehabilitation into HOR offices.
• Freedom Five StarcoreStrategic or Co-development PartnerHPI Consulting partner for Freedom Senior Apartments, a $14.5 million new construction project with 52 units for seniors using LIHTC funding.
• Christian Care CommunitiescoreStrategic or Co-development PartnerHPI Consulting partner for Chapel House, a $28.2 million rehabilitation project with 197 units for seniors using Tax Exempt Bonds.
• SOCAYRcoreStrategic or Co-development PartnerHPI Consulting partner for The Puritan project, a $47.8 million development with 247 units.
• Zion Community Development Corporation (Zion CDC)coreStrategic or Co-development PartnerHPI partnered with Zion CDC for Zion II, a $7 million new construction project with 34 units using LIHTC funding for affordable housing.
• New Directions Housing CorporationminorStrategic or Co-development PartnerBridgette Johnson, Executive Director of New Directions Housing Corporation, serves on HPI's Board of Directors, representing the affordable housing nonprofit community.
• LISC LouisvilleminorStrategic or Co-development PartnerScott G. Love, former Executive Director of LISC Louisville, serves on HPI's Board of Directors, bringing community development financial institution expertise.
• The Fuller Center for Housing of LouisvilleminorStrategic or Co-development PartnerBrianna Carey, Executive Director of The Fuller Center for Housing of Louisville, serves on HPI's Board of Directors.
• Kentucky Refugee MinistriesminorStrategic or Co-development PartnerJohn A. Koehlinger, Executive Director of Kentucky Refugee Ministries, serves on HPI's Board of Directors.
• Louisville Riverport AuthorityminorStrategic or Co-development PartnerMaria L. Bouvette, Executive Director of Louisville Riverport Authority, serves on HPI's Board of Directors.

Scale indicators22 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• New Directions Housing Corporation: Louisville-based nonprofit affordable housing developer and HUD-certified counseling agency. Directly comparable as a same-mission, same-geography peer offering rental, homebuyer education, and development services to low-income families.
• Habitat for Humanity of Metro Louisville: Local affiliate of Habitat for Humanity, the largest US nonprofit affordable homeownership organization. Operates in the same Louisville market with overlapping low-income clientele, single-family construction, and partnership-based homebuyer pathways.

Broad incumbents

• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing and provides financing, consulting, and policy advocacy. Comparable vertically integrated model combining development, lending, and policy work; operates at much larger geographic scale than HPI.
• Local Initiatives Support Corporation (LISC): National CDFI that finances affordable housing and community development, with an active Louisville office (a HPI board member represents LISC). Comparable as a mission-aligned funder, capacity-builder, and developer; broader geographic and capital-markets footprint than HPI.
• Mercy Housing: One of the largest US nonprofit affordable housing developers, operating multifamily rental, senior housing, and resident services across many states. Directly comparable product lines (multifamily + senior housing) but with substantially broader geographic reach than HPI.
• BRIDGE Housing Corporation: Regional nonprofit developer of affordable and mixed-income rental housing with attached resident services. Comparable in owning/operating multifamily affordable rental and providing resident programming; larger footprint than HPI.

Others

• NeighborWorks America: National network of more than 250 affordable housing and community development nonprofits; HPI is an affiliated member with a NeighborWorks representative on its board. Comparable as a peer/umbrella rather than direct competitor — provides training, capital, and advocacy to organizations like HPI.
• Kentucky Housing Corporation: State housing finance agency that allocates LIHTC and provides financing for affordable housing across Kentucky. HPI is both a KHC-funded developer and an advisor to other developers; KHC is the primary capital source shaping HPI's market rather than a direct competitor.

Emerging players

• The NHP Foundation: Nonprofit that develops and preserves affordable and mixed-income multifamily housing with a focus on seniors and families. Comparable mission and product mix; smaller portfolio but operates in select markets HPI could enter.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and operates affordable rental housing nationally. Comparable as a preservation-and-operations-focused nonprofit owner; smaller, mission-pure version of the development-and-management model HPI runs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HousingPartnershipInc
• YouTubeyoutube.com/@wearehpi
• LinkedInlinkedin.com/company/wearehpi

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Housing Partnership