COMMUNITY
DEVELOPMENT
HP works with community institutions, such as municipalities and K-12 school districts, to create catalytic developments. The goal of each project is to leverage knowledge and resources to create unique community developments.
WORKFORCE HOUSING
FOCUS
Workforce housing is the largest segment of housing demand, and its need is acute, especially in high-priced housing markets near employment centers. Workforce housing, not to be confused with “affordable housing”, target middle-income families, those that make too much to qualify for affordable housing but not enough to afford housing in high-priced markets. Our workforce housing platform focuses on working with institutional employers to develop housing opportunities.
APPEAL
OF INFILL DEVELOPMENT
Infill markets are complex and difficult to develop; however, they
offer superior project performance due to:
PREFERENCE. Consumer preference in living in established
neighborhoods.
GROWTH. Majority of population growth are in urban areas or
employment centers, exacerbating the imbalance between
supply, and demand.
LIMITATIONS. High barriers-to-entry as housing supply is limited
due to scarcity of land, and high regulatory environment.
SMART
GROWTH DEVELOPMENT
Smart growth strategies can lead to new neighborhoods and enhance existing ones by fostering design that encourages social, civil, and physical activity. It can also incorporate sustainable development while stimulating economic growth.
Smart growth strategies enable communities to preserve and leverage existing strengths to create strong communities.
PUBLIC PRIVATE PARTNERSHIPS
HP APPROACH
Our approach focuses on working with municipalities and other community institutions to create catalytic infill developments that will help transform existing neighborhoods while achieving public goals.