About Federal Housing Solutions
“The lack of safe, affordable rental housing is the number one social issue that we currently face in our industry.”
To address the lack of safe affordable housing, industry veteran and Related Companies alumnus Patrick Plunkett founded Federal Housing Solutions™ ("FHS"). FHS develops, acquires, and rehabilitates low income and affordable multifamily properties. Through innovative approaches to restructuring partnerships and rehabilitating properties, FHS is able to provide solutions that both increase asset values and enhance communities - thus pursuing its philosophy of a double-bottom line return.
FHS initiatives improve process and operational efficiencies, provide proactive management solutions, incorporate state of the art systems and technologies, achieve extensive cost savings, and generate increased cash flow. In addition to strengthening the portfolio performance, these initiatives support the FHS commitment to provide safe housing and increase the value of assets under ownership. Read more about FHS' innovative approach to rehabilitation and management through its Federal Development Solutions™ (FDS) programs.
FHS also takes an innovative approach to transparency within the industry by committing to clarity and information sharing with its partners, investors, communities served, and industry professionals. This provides all parties with real-time information on each deal's financials, rehabilitation timeline, and progression.
FHS develops and maintains partnerships within local communities and is currently engaged with several Housing Authorities and other public-private partnership initiatives throughout the United States.
Patrick Plunkett, Founder
Patrick has over 17 years of real estate development experience, with a focus in the multifamily affordable housing arena. During that time, Patrick has facilitated the purchase of over 9,000 units of housing valued in excess of $850 million.
Patrick has extensive experience with Federal, State and Local housing programs, including the FHA multifamily mortgage insurance programs, Section 42 LIHTC, Section 8, 236, and 202 restructurings, and is a Related Companies alumnus, where he was Director of Acquisitions for the Affordable Housing platform. Through his experience as the Acquisitions Director for Related’s affordable housing group, Patrick recognized the need for more safe, affordable housing to address the glaring lack in supply – and so he founded Federal Housing Solutions™ (FHS™) to address this need. In addition to FHS, Patrick has created a first-in-industry business model that uses a team of experts to maximize savings during asset rehabilitation called Federal Development Solutions™ (FDS™).
Patrick holds an undergraduate degree from Georgetown University, an MBA in Environmental Business Management for Real Estate from Florida Atlantic University, and a Graduate Certificate in Real Estate Development from Harvard University.
Patrick resides in Westchester County, N.Y., with his wife and their four children.