MIND BLOWN! Developing 20,000 units via nonprofits for affordable housing using tax exempt bonds with Alvin Hope Johnson

How do nonprofits buy and develop real estate for affordable housing?!We were SO HONORED to have Alvin Hope Johnson (@alvinghopejohnson) on our podcast: “Affordable Housing & Real Estate Investing” where he shared NEXT LEVEL strategies that are not widely discussed in the industry for real estate investing when it comes to affordable housing!Alvin Hope Johnson is the President of Hope Housing Foundation (HHF). HHF is headquartered in McKinney, Texas, and was incorporated as a 501(c)(3) in 1998. HHF has a business model that positions itself as one of the country's most effective, non-profit affordable workforce housing organizations. With a little over 1,300 affordable housing units and growing, the Foundation is building an additional 1000 units for completion in 2023 between 4 new multifamily housing developments for the workforce community in North Texas and Wisconsin. With resources from the Institutional Community of Lending, HHF is on target to develop 20,000 units of high-performance, near net-zero, eco-friendly, and sustainable workforce housing in 5 years, meeting all E.S.G., Energy Star, and Indoor Air Quality Plus Certification compliance metrics! INCREDIBLE!Take a listen to the entire Podcast episode of “Affordable Housing & Real Estate Investing” where we covered the following topics:1. Alvin’s background, how he got started in Affordable Housing, and the stories of families he’s been able to help!2. How do you combine tax-exempt bonds and performance bonds to mitigate risk and generate returns for investors in affordable housing3. How do nonprofits buy and develop real estate for affordable housing4. How do you keep the lights on as a non-profit and generate income5. Alvin’s inspirational vision and the movement he’s leading to shake up the affordable housing industryPlease don't forget to follow Alvin Hope Johnson's journey at:Instagram: @alvinhopejohnsonTwitter: @alvinhopejohnsnYoutube: @TheNewLookofAffordableHousing Tiktok: alvinhopejohnsonPlease subscribe to our Youtube Channel:    www.youtube.com/@kent_he  to support us and to hear more amazing stories and info from:⁠⁠1) Guests who are currently investing in Affordable Housing⁠⁠2) Guests who grew up in Affordable Housing units tell their amazing journey in life thus far⁠⁠3) Guests who can demystify the process and show you how a regular person can become a successful real estate investor with investments in Affordable Housing⁠ 00:00 - Podcast Highlight Sample3:21 – Intro4:50 – Alvin’s background & journey in Affordable Housing15:55 – Story of family helped via Affordable Housing!18:00 – How Hope Housing Foundation started24:48 – Next Level Strategies Intro: Tax Exempt & Performance Bonds27:08 – Benefits of Performance Bonds & Tax Exempt Bonds29:50 – When / how to raise capital?30:57 – Naturally Occurring Affordable Housing (“NOAH”)33:38 – How do investors make money?38:49 – What are the benefits of working with a nonprofit?42:39 – When do you set up nonprofit and acquire property?43:52 – Nonprofits can make money?! 46:38 – High level process for nonprofit acquisitions 48:57 – How to build an amazing team and ecosystem!55:37 – How does a nonprofit make money?57:35 – How to build team if you’re new?1:01:06 – How to solve for Affordable Housing shortage?1:02:50 – Low Income Housing Tax Credit Properties1:06:20 – What’s next?DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.All investments have risks. This is not an offer to purchase securities.