The Housing Partnership Fund is capitalized through $24 million of investment from our bank, foundation and government partners. With its innovative four-tiered capital structure, the Fund efficiently uses foundation and government resources to leverage private financing. As a result, we deliver low-cost loans to our nonprofit members while achieving mission impact for our philanthropic partners and obtaining risk capital at below-market rates from our investors.
The Fund's senior financing is provided through a $12 million syndicated line of credit. Bank of America is the agent for the bank group, HSBC is the trustee, and other investors are Deutsche Bank and KeyBank. The MacArthur and Fannie Mae foundations, as well as U.S. Bank and Wells Fargo have invested $ 4.5 million in subordinate financing, which was matched in part by loans from the Community Development Financial Institutions Fund. The Network invested $2 million of core equity from incentive fees earned on its Portfolio Reengineering Demonstration with HUD, along with an additional $2 million from a CDFI Financial Assistance award to the Fund.