Hunt Capital Transfers Senior Housing to El Paso Housing Authority
Hunt Capital Partners (HCP) has officially transferred ownership of Alamito Terrace Apartments to Housing Opportunity Management Enterprises (HOME), the public housing authority of El Paso. This significant transaction ensures the continued availability of affordable housing for 76 low-income seniors in Segundo Barrio, a historic Hispanic neighborhood in South El Paso. The community provides stable housing solutions for seniors earning up to 50% of the Area Median Income and has consistently maintained an occupancy rate of 95% or higher since 2017.
“Our long-standing partnership with HOME is built on a shared vision to uplift residents through affordable housing,” said Jeff Weiss, President of Hunt Capital Partners. “By transferring ownership to HOME, we are ensuring that Alamito Terrace Apartments remains a cornerstone of stability and support for seniors in El Paso.”
Alamito Terrace Apartments is the first of several affordable housing projects that HCP and HOME have collaborated on. HCP’s current portfolio includes 27 properties comprising 3,342 units, all dedicated to providing housing for families and seniors in the El Paso Borderplex region.
Satish Bhaskar, Executive Vice President and CFO for HOME, expressed gratitude for the partnership, stating, “HCP’s investment in El Paso over the past decade and a half has been invaluable. Their commitment to affordable housing has significantly impacted the lives of many residents in our community.”
A Model for Affordable Senior Housing
Alamito Terrace Apartments is a four-story midrise apartment community offering one-bedroom affordable homes, each equipped with balconies and patios. These homes provide modern conveniences such as central air conditioning and heating, as well as in-unit appliances, including refrigerators and stovetop ovens.
In addition to comfortable living spaces, Alamito Terrace Apartments offers residents access to the newly constructed Alamito STREAM Center. This state-of-the-art learning and community facility provides opportunities for residents to engage in subjects like reading, reasoning, technology, art, and math. A greenhouse and computer lab are currently in development at the property, further enhancing the quality of life for its senior residents.
“This collaborative relationship extends to Hunt Companies, which has been instrumental in developing greater El Paso,” Weiss added. “Together, we’re not just investing in resident well-being but in the future of El Paso as a whole.”
Commitment to Environmental, Social, and Corporate Governance (ESG) Initiatives
Hunt Capital Partners acknowledges the increasing importance of Environmental, Social, and Corporate Governance (ESG) investing. Institutional investors are seeking opportunities that generate social value, and affordable housing is a critical avenue to achieve these goals.
Investing in affordable housing positively impacts residents’ living conditions and helps remove barriers to creating a stable, healthy, and secure home environment. When families and seniors spend less on housing-related expenses, they have greater financial flexibility for essentials such as food, clothing, healthcare, and educational opportunities. Additionally, access to quality affordable housing significantly improves physical and mental health, fostering long-term stability for individuals and communities alike.
HCP’s commitment to affordable housing investments creates a lasting impact on the people and neighborhoods they serve. “Our role is not just financial—we are dedicated to fostering communities that thrive for generations to come,” Weiss emphasized.
About Hunt Capital Partners
Hunt Capital Partners (HCP) is the tax credit syndication division of Hunt Companies, Inc. (Hunt). Specializing in Federal and State Low-Income Housing, Historic, and Solar Tax Credit Investments, HCP has established itself as a leader in the affordable housing sector. Since its inception in 2010, HCP has raised over $3.8 billion in tax credit equity across 48 proprietary and multi-investor funds.
Currently, HCP manages nearly 800 project partnerships, representing over 80,000 homes in 48 states and U.S. territories. Founded in 1947, Hunt is a privately held company investing in businesses focused on real estate and infrastructure markets. The company’s affiliates and investors are engaged in various sectors, including investment management, asset management, property management, development, construction, consulting, and advisory services.
With its deep-rooted commitment to social responsibility and sustainable development, Hunt Capital Partners continues to drive meaningful change in communities across the country. The transfer of Alamito Terrace Apartments to HOME is a testament to HCP’s dedication to providing long-term affordable housing solutions and strengthening communities through strategic partnerships.
