Invest with Hogar Hispano
HHI has made a difference in financially distressed Hispanic communities by providing alternative housing solutions and foreclosure prevention strategies that work and can be replicated, nationwide. From 2011 to now, HHI has acquired 1,120 properties (REO), created employment opportunities for over 150 people (full and part-time) and infused over $50,000,000 of private capital into various hard-hit communities.
We also acquired 467 distressed mortgages to help homeowners avoid foreclosure by providing owner-occupants with principal forgiveness via loan modifications, reinstatement or through strategies such as short sales, cash-for-keys or deed-in-lieu foreclosure. Our goal is to expand these services and acquire no less than 15,000 distressed mortgages in the coming years.
HHI’s unique sustainable platform can adapt to the development opportunities and change over time while withstanding the market fluctuations effectively. Using private investors’ and in-house capital, we respond quickly to assets fitting our program guidelines.
It is HHI’s commitment to work with local and national for-profits and non- profits to co-develop assets when possible and utilize both national and local housing-counselling organizations to ensure the buyer/tenant is fully prepared for any decision they make with an HHI-controlled asset. It provides HHI the security of knowing that the purchase, rental or modification is affordable over the long term.
The future looks bright for HHI. We forecast that by the end of 2015, we will create homeownership for an additional 100+ families/individuals. Our goal is to generate enough capital to continue to invest in the acquisition of distressed REO in hard-hit markets.
- $500,000,000 to purchase 15,000 loans annually for the next three years.
- An additional $20,000,000 for the acquisition, renovation and resale of homes to income qualified buyers.
- $10,000,000 to acquire vacant land for the development of single and multi-family housing.
- $150,000,000 to establish a market specific alternative mortgage product to help buyers left out of the market as a result of new underwriting criterion established by our shell shocked banks.
- $50,000,000 to establish a boutique servicer to service loans in select markets.