Minimum Investment: $1,000 (5% Simple Interest Rate/Paid Annually/5 Year Loan Term)
For investment documents or additional information, please contact:
Thomas Lopez-Pierre Fund Manager Affordable Housing Campaign Fund, LLC646-527-1116info@affordablehousingcampaignfund.com
Thomas Lopez-Pierre Fund Manager Affordable Housing Campaign Fund, LLC646-527-1116info@affordablehousingcampaignfund.com
East West Bank Invested $338,000 In Affordable Housing!
Marita Bankhead, VP Mortgage Business Development Manager, East West Bank and Thomas Lopez-Pierre, Fund Manager, Affordable Housing Campaign Fund, LLC and Rachel Lu, Senior Relationship Banker, East West Bank).
Fund Overview
On October 23, 2025, the Affordable Housing Campaign Fund, LLC was established to develop and preserve housing specifically for families who rely on affordable housing vouchers, including Section 8—formally known as the Housing Choice Voucher Program—administered by the U.S. Department of Housing and Urban Development.
The Fund is seeking to raise $25,000,000 (Twenty-Five Million Dollars) from accredited investors pursuant to the Securities Act of 1933, as amended (the “Securities Act”).
This offering is being conducted in reliance on the exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act (U.S. Securities and Exchange Commission), and the rules and regulations promulgated thereunder.
The Fund is designed to address the critical shortage of affordable housing while providing accredited investors with stable, predictable income.
For the next five (5) years, the Fund will operate exclusively in communities across the Northeastern United States, including: Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, and Washington, D.C. Investment Strategy & Impact
The Fund’s operating model: partnering with accredited investors to support community-centered development and preservation of affordable housing.
By targeting underutilized residential properties and converting them into legally compliant multi-family housing, the Fund aims to:
- Increase the supply of affordable housing.
- Stabilize neighborhoods.
- Support families reliant on housing assistance programs.
The Affordable Housing Campaign Fund, LLC is commitment to capital preservation, risk-managed deployment, and measurable social impact, demonstrating how targeted debt financing can simultaneously strengthen housing stability for vulnerable families while supporting responsible real estate development in underserved communities.
With your support, the Affordable Housing Campaign Fund, LLC can transform underutilized properties into homes—and help turn homelessness into hope.
On October 23, 2025, the Affordable Housing Campaign Fund, LLC was established to develop and preserve housing specifically for families who rely on affordable housing vouchers, including Section 8—formally known as the Housing Choice Voucher Program—administered by the U.S. Department of Housing and Urban Development.
The Fund is seeking to raise $25,000,000 (Twenty-Five Million Dollars) from accredited investors pursuant to the Securities Act of 1933, as amended (the “Securities Act”).
This offering is being conducted in reliance on the exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act (U.S. Securities and Exchange Commission), and the rules and regulations promulgated thereunder.
The Fund is designed to address the critical shortage of affordable housing while providing accredited investors with stable, predictable income.
For the next five (5) years, the Fund will operate exclusively in communities across the Northeastern United States, including: Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, and Washington, D.C. Investment Strategy & Impact
The Fund’s operating model: partnering with accredited investors to support community-centered development and preservation of affordable housing.
By targeting underutilized residential properties and converting them into legally compliant multi-family housing, the Fund aims to:
- Increase the supply of affordable housing.
- Stabilize neighborhoods.
- Support families reliant on housing assistance programs.
The Affordable Housing Campaign Fund, LLC is commitment to capital preservation, risk-managed deployment, and measurable social impact, demonstrating how targeted debt financing can simultaneously strengthen housing stability for vulnerable families while supporting responsible real estate development in underserved communities.
With your support, the Affordable Housing Campaign Fund, LLC can transform underutilized properties into homes—and help turn homelessness into hope.
Investment #1 (April 30, 2025)
3129 Fenton Avenue, Bronx, New York$100,000 Line Of Debt Capital In 2026 ($5,000 Annual Interests Payments/Principal Payment Due In 2031/5 Year Term)
(3129 Fenton Avenue, Bronx, New York)
(Thomas Lopez-Pierre at 3129 Fenton Avenue, Bronx, New York)
Deal Summary - 3129 Fenton Avenue, Bronx, New York (Pending Investment: 3129 Fenton Avenue, LLC)
- Investment Type: Debt investment under SEC Regulation D.
- Interest Rate: 5% annual simple interest, paid annually to debt investors.
- Term: Five (5) years.
- Minimum Investment: $1,000.
- Estimated Property Value (Redfin): $740,728 (as of August 23, 2026)
Project Financing Goal
- Raise $100,000 in debt capital.
Use of Funds
- $100,000 for renovations to convert the property into a legal two-family home.
Current Property Status
- Configured as a one-family residence (four bedrooms).
- Occupied by a Section 8 tenant at a rent of $3,910 per month (of which $3,552 is paid by taxpayers).
Projected Outcome
- By completing the legal conversion to add a second apartment (basement unit with private entrance), the property is expected to increase the rent roll by $2,600 per month—from $3,910 to $6,510, while expanding access to affordable housing for families in need. First Investment (Pending)
3129 Fenton Avenue, Bronx, New York (Investment through 3129 Fenton Avenue, LLC).
On April 30, 2025, 3129 Fenton Avenue, LLC acquired a controlling interest in 3129 Fenton Avenue in the Bronx, New York.
One year later, on April 30, 2026, 3129 Fenton Avenue, LLC successfully refinanced an exploitative mortgage put in place by the previous owner—reducing the interest rate from [ 12.25% to 6.5% ] through a new $338,000, 10-year interest-only loan with East West Bank.
As of June 2025, East West Bank has more than $78 billion in assets and over 100 locations in America and Asia (East West Bank was founded in 1973 in Los Angeles to serve the Chinese American community).
This refinancing lowered the property’s debt burden by more than $1,000 per month.
This is what impact investing looks like in practice: Identifying distressed situations, stabilizing assets, and creating long-term sustainability for affordable housing.
Execution matters.
This initial investment represents a meaningful milestone for the Affordable Housing Campaign Fund, LLC, advancing a scalable model that brings together accredited investors and financial institutions like East West Bank to support community-centered affordable housing development and preservation. This investment will directly expand access to safe, stable, and legally compliant housing for families who are often forced to remain in shelters or overcrowded living conditions despite having rental assistance.
- Investment Type: Debt investment under SEC Regulation D.
- Interest Rate: 5% annual simple interest, paid annually to debt investors.
- Term: Five (5) years.
- Minimum Investment: $1,000.
- Estimated Property Value (Redfin): $740,728 (as of August 23, 2026)
Project Financing Goal
- Raise $100,000 in debt capital.
Use of Funds
- $100,000 for renovations to convert the property into a legal two-family home.
Current Property Status
- Configured as a one-family residence (four bedrooms).
- Occupied by a Section 8 tenant at a rent of $3,910 per month (of which $3,552 is paid by taxpayers).
Projected Outcome
- By completing the legal conversion to add a second apartment (basement unit with private entrance), the property is expected to increase the rent roll by $2,600 per month—from $3,910 to $6,510, while expanding access to affordable housing for families in need. First Investment (Pending)
3129 Fenton Avenue, Bronx, New York (Investment through 3129 Fenton Avenue, LLC).
On April 30, 2025, 3129 Fenton Avenue, LLC acquired a controlling interest in 3129 Fenton Avenue in the Bronx, New York.
One year later, on April 30, 2026, 3129 Fenton Avenue, LLC successfully refinanced an exploitative mortgage put in place by the previous owner—reducing the interest rate from [ 12.25% to 6.5% ] through a new $338,000, 10-year interest-only loan with East West Bank.
As of June 2025, East West Bank has more than $78 billion in assets and over 100 locations in America and Asia (East West Bank was founded in 1973 in Los Angeles to serve the Chinese American community).
This refinancing lowered the property’s debt burden by more than $1,000 per month.
This is what impact investing looks like in practice: Identifying distressed situations, stabilizing assets, and creating long-term sustainability for affordable housing.
Execution matters.
This initial investment represents a meaningful milestone for the Affordable Housing Campaign Fund, LLC, advancing a scalable model that brings together accredited investors and financial institutions like East West Bank to support community-centered affordable housing development and preservation. This investment will directly expand access to safe, stable, and legally compliant housing for families who are often forced to remain in shelters or overcrowded living conditions despite having rental assistance.
Property History
In 2021, BREF Fund I, LLC (now Urban Real Estate Fund, LLC), with a $10,000 capital investment and the assumption of $315,000 in mortgage debt (and about $450,000 in additional debt), acquired the controlling interest in 3129 Fenton Avenue, Bronx, New York 10469 (the "Property").
3129 Fenton Avenue, Bronx, New York 10469 is currently valued at $705,167 on Redfin.com (as of April 30, 2025).
The Urban Real Estate Fund, LLC invested capital to bring the property's mortgage current (remove the property from the pre-foreclosure legal process) and renovate the property.
The property is currently a one-story, one-family residence with approximately 50x100 square feet of land.
In January 2025, a tenant using a government voucher program moved into the property at a rent of $3,910 per month.
On April 30, 2025, the property was acquired by 3129 Fenton Avenue, LLC for $1,199,461 (non-cash transaction/assumption of secured and unsecured debt) via a joint-venture partnership with the Affordable Housing Campaign Fund, LLC managed by Thomas Lopez-Pierre.
One year later, on April 30, 2026, 3129 Fenton Avenue, LLC successfully refinanced an exploitative mortgage put in place by the previous owner—reducing the interest rate from 12.25% to 6.5% through a new $338,000, 10-year interest-only loan with East West Bank.
3129 Fenton Avenue, Bronx, New York 10469 is currently valued at $705,167 on Redfin.com (as of April 30, 2025).
The Urban Real Estate Fund, LLC invested capital to bring the property's mortgage current (remove the property from the pre-foreclosure legal process) and renovate the property.
The property is currently a one-story, one-family residence with approximately 50x100 square feet of land.
In January 2025, a tenant using a government voucher program moved into the property at a rent of $3,910 per month.
On April 30, 2025, the property was acquired by 3129 Fenton Avenue, LLC for $1,199,461 (non-cash transaction/assumption of secured and unsecured debt) via a joint-venture partnership with the Affordable Housing Campaign Fund, LLC managed by Thomas Lopez-Pierre.
One year later, on April 30, 2026, 3129 Fenton Avenue, LLC successfully refinanced an exploitative mortgage put in place by the previous owner—reducing the interest rate from 12.25% to 6.5% through a new $338,000, 10-year interest-only loan with East West Bank.
East West Bank Invest $338,000 In Affordable Housing!
(Thomas Lopez-Pierre in front of East West Bank, located in Flushing, Queens, New York)
Investment #2 (June 25, 2026)
163 Grafton Street, Brooklyn, New York$1,250,000 Line Of Debt Capital In 2026 ($62,500 Annual Interests Payments/Principal Payment Due In 2031/5 Year Term)
(163 Grafton Street, Brooklyn, New York)
Deal Summary - 163 Grafton Street, Brooklyn, New York (Pending Investment: 163 Grafton Street Partners, LLC)
- Investment Type: Debt investment under SEC Regulation D.
- Interest Rate: 5% annual simple interest, paid annually to debt investors.
- Term: Five (5) years.
- Minimum Investment: $1,000.
- Estimated Property Value (Redfin): $799,795 (as of August 23, 2026)
Project Financing Goal
- Raise $1,250,000 in debt capital (Affordable Housing Campaign Fund, LLC). - Raise $310,000 in equity capital (Urban Real Estate Fund, LLC). Use of Funds (Debt and Equity)
- $1,250,000 for renovations, stabilization of the property, and refinancing of existing debt obligations.
Current Property Status
- Configured as a legal three-family residence.
Projected Outcome
- The property is expected to be rented to three families using Section 8—formally known as the Housing Choice Voucher Program. Projected Rental Income - (NYC Voucher Payment Standards and Utility Standard as of January 1, 2026)
- Second Floor — 5 Bedrooms Section 8 rent: $4,728/month.
- First Floor — 4 Bedrooms Section 8 rent: $4,111/month.
- Basement — 3 Bedrooms Section 8 rent: $3,811/month.
- Total projected rental income: $12,650/month.
- Investment Type: Debt investment under SEC Regulation D.
- Interest Rate: 5% annual simple interest, paid annually to debt investors.
- Term: Five (5) years.
- Minimum Investment: $1,000.
- Estimated Property Value (Redfin): $799,795 (as of August 23, 2026)
Project Financing Goal
- Raise $1,250,000 in debt capital (Affordable Housing Campaign Fund, LLC). - Raise $310,000 in equity capital (Urban Real Estate Fund, LLC). Use of Funds (Debt and Equity)
- $1,250,000 for renovations, stabilization of the property, and refinancing of existing debt obligations.
Current Property Status
- Configured as a legal three-family residence.
Projected Outcome
- The property is expected to be rented to three families using Section 8—formally known as the Housing Choice Voucher Program. Projected Rental Income - (NYC Voucher Payment Standards and Utility Standard as of January 1, 2026)
- Second Floor — 5 Bedrooms Section 8 rent: $4,728/month.
- First Floor — 4 Bedrooms Section 8 rent: $4,111/month.
- Basement — 3 Bedrooms Section 8 rent: $3,811/month.
- Total projected rental income: $12,650/month.
(Thomas Lopez-Pierre - Tour of Brownsville, Brooklyn - 163 Grafton Street, Brooklyn, New York)
Property History
In 2022, BLMREF Fund I, LLC (now Urban Real Estate Fund, LLC) invested $50,000 with Steven Ellis, Michael Ellis, and Troy Goodman for the redevelopment of 163 Grafton Street, Brooklyn, New York, a gut renovation project involving a three-family property intended for rental income generation.
Later in 2022, the Urban Real Estate Fund, LLC invested an additional $50,000 with Steven Ellis, Michael Ellis, and Troy Goodman.
In 2023, Steven Ellis, Michael Ellis, and Troy Goodman repaid a total of $110,000 to the Urban Real Estate Fund, LLC, consisting of $60,000 in investment income and the return of $50,000 in principal equity capital related to the initial $100,000 investment.
Also in 2023, the Urban Real Estate Fund, LLC invested an additional $50,000 into the project.
On May 16, 2025, Steven Ellis, Michael Ellis, and Troy Goodman [ failed ] to satisfy their obligation to close out the investment with a $225,000 payment owed to the Urban Real Estate Fund, LLC.
On May 22, 2026, Steven Ellis, Michael Ellis, and Troy Goodman transferred ownership of the property to 163 Grafton Street Partners, LLC, a joint venture partnership between the Urban Real Estate Fund, LLC, serving as the equity capital partner, the Affordable Housing Campaign Fund, LLC, serving as the debt capital partner and Thomas Lopez-Pierre as the development partner.
In 2026, the Urban Real Estate Fund, LLC intends to deploy an additional $310,000 in [ equity ] capital into the project, bringing its total equity investment to $350,000.
In 2026, the Affordable Housing Campaign Fund, LLC plans to provide up to $1,250,000 in debt capital to the project to fund the completion of renovations, stabilize the property, facilitate the return of equity capital, and refinance existing debt obligations.
The Urban Real Estate Fund, LLC and the Affordable Housing Campaign Fund, LLC intend to complete the renovation and stabilization of the property for tenants participating in the Section 8 Housing Choice Voucher Program.
Later in 2022, the Urban Real Estate Fund, LLC invested an additional $50,000 with Steven Ellis, Michael Ellis, and Troy Goodman.
In 2023, Steven Ellis, Michael Ellis, and Troy Goodman repaid a total of $110,000 to the Urban Real Estate Fund, LLC, consisting of $60,000 in investment income and the return of $50,000 in principal equity capital related to the initial $100,000 investment.
Also in 2023, the Urban Real Estate Fund, LLC invested an additional $50,000 into the project.
On May 16, 2025, Steven Ellis, Michael Ellis, and Troy Goodman [ failed ] to satisfy their obligation to close out the investment with a $225,000 payment owed to the Urban Real Estate Fund, LLC.
On May 22, 2026, Steven Ellis, Michael Ellis, and Troy Goodman transferred ownership of the property to 163 Grafton Street Partners, LLC, a joint venture partnership between the Urban Real Estate Fund, LLC, serving as the equity capital partner, the Affordable Housing Campaign Fund, LLC, serving as the debt capital partner and Thomas Lopez-Pierre as the development partner.
In 2026, the Urban Real Estate Fund, LLC intends to deploy an additional $310,000 in [ equity ] capital into the project, bringing its total equity investment to $350,000.
In 2026, the Affordable Housing Campaign Fund, LLC plans to provide up to $1,250,000 in debt capital to the project to fund the completion of renovations, stabilize the property, facilitate the return of equity capital, and refinance existing debt obligations.
The Urban Real Estate Fund, LLC and the Affordable Housing Campaign Fund, LLC intend to complete the renovation and stabilization of the property for tenants participating in the Section 8 Housing Choice Voucher Program.