Affordable Housing Fund for Puerto Rico, Inc. (AHFPR) was incorporated in March 2019 and has a 501c3 tax-exempt status as well as the 1101.01 Puerto Rico local tax exemption. AHFPR is an organization created as a mirror of its affiliate FIDEVI (PR Housing and Human Development Trust Fund) and has been formed as the operational arm with new products and services, including financing programs for nonprofit organizations. These organizations that we serve and support are affordable housing not for profit developers who develop and rehabilitate affordable housing for the most vulnerable population of low and/or without economic resources in Puerto Rico who are homeless and/or at risk of becoming homeless. AHFPR shares and acquires the experience and track record of more than 15 years through its affiliate FIDEVI. At the same time, AHFPR shares this experience through their governance with the Board of Trustees, Board of Directors, advisory council, administration, and committees, of both organizations.
Before AHFPR’s creation, AHFPR’s affiliate, FIDEVI, was constituted as a charitable trust as a product of a collaborative alliance between Puerto Rico’s banking industry and private sector, public sector, and the homeless population advocacy community.
AHFPR’s objective (same as its affiliate’s FIDEVI) is to help close the affordable housing need gap by facilitating the development and rehabilitation of affordable housing units. It achieves this mission and fills the gap by being a vehicle that supports not for profit organizations that develop and rehabilitate affordable housing projects and units for the target end users. In this way it contributes and complements various government incentives and other programs to achieve the realization of projects that serve the homeless and in risk of becoming homeless population.
Both organizations, AHFPR and FIDEVI, share the same governance as well as vision and mission.
Years supporting organizations that develop affordable housing.
Over 40 projects completed in permanent, transitional and temporary housing.
Among the 78 municipalities
Devote its efforts to promote community development and purposefully support the organizations that develop, rehabilitate, and preserve adequate, affordable and accessible housing for persons with limited or scarce resources in Puerto Rico.
Attain valuable impact as advocate and facilitator so that those persons with limited or scarce resources in Puerto Rico can have adequate, affordable, and accessible housing.
AHFPR’s purpose is to increase the supply of stable, affordable housing for populations that are highly vulnerable to not having access to adequate housing. Within these populations are:
- Homeless or in risk of becoming homeless
- People with mental illness and/or physically disabled
- People with chronic conditions, such as HIV and/or addiction problems
- Domestic violence victims
- Elderly
- Among others; considered vulnerable in our communities and facing challenges
with their social, physical and/or mental health conditions
AHFPR enables financing products to these development organizations as a support tool, as dictated by our mission.
Our Board of Directors, committees and volunteers are comprised of distinguished professionals with vast experience in housing development. Among these professional fields are engineers, architects, planners, bankers and, above all, the organizations that directly serve and represent these populations through their respective organizations.
