We're launching housing funds that make an impact.
Housing Plans
As a national leader in housing fund design, HR&A stands apart with our expansive range of integrated services — from initial capital strategy to fund design to deployment and underwriting. With this full circle understanding, we design innovative funding products for local governments, housing authorities and impact investors and help them evaluate financial risks and identify feasibility to maximize public benefit. Local governments and housing authorities also engage us to select developers to create affordable homes on public land. In the last three years, we have underwritten over 30 loans for affordable housing and over $1B in housing transactions.
HR&A is supporting program design and implementation for Amazon’s Housing Equity Fund, a $2 billion commitment to preserve existing housing and create inclusive housing developments through below-market loans and grants to developers, public agencies, and organizations. HR&A led negotiation and underwriting efforts for over 9,000 new affordable homes in the Washington DC area and will continue to support Amazon with their additional commitment of $1.4 billion.
On behalf of Westchester County’s Department of Planning, HR&A Advisors designed and implemented a new $90M fund to allocate the County’s American Rescue Plan Act (ARPA) funds. The Flex Fund is projected to support the development of approximately 1,500 new affordable homes across the county.
Since 1999, HR&A has helped the LA County Development Authority refine and administer its annual affordable housing developer Notice of Funding Availability (“NOFA”) loan programs. HR&A has provided financing reviews, loan underwriting, and project coordination, and other advisory services that have contributed to over 100 affordable housing developments across the county, including nearly 1,000 new affordable homes since 2021.
We Work with
Projects
HR&A developed an Affordable Housing Plan for the City of Charlottesville that centers racial equity and regional collaboration to guide the city’s investments in affordable housing programs and policies. Charlottesville has made significant progress on the Plan’s three major initiatives including: dedicating $10M a year to affordable housing, building inclusive governance throughout the City’s housing ecosystem, and adopting progressive, inclusionary zoning reforms — all of which are shaping a denser, more economically diverse Charlottesville.
HR&A partnered with the City of Hayward to conduct a comprehensive housing displacement study that analyzed how rising housing costs were affecting different neighborhoods and populations. Our research provided the City with critical data and insights needed to secure county funding and guide affordable housing development decisions.
Since 1999, HR&A has helped the LA County Development Authority refine and administer its annual affordable housing developer Notice of Funding Availability (“NOFA”) loan programs. HR&A has provided financing reviews, loan underwriting, and project coordination, and other advisory services that have contributed to over 100 affordable housing developments across the county, including nearly 1,000 new affordable homes since 2021.
