Our Work

Fund Management

BDP provides end-to-end fund management services for mission-driven investors and communities seeking measurable social impact in housing and community revitalization. Our team structures and manages complex, multi-investor vehicles and oversees the underlying portfolio of assets for both impact and financial outcomes.

We specialize in aligning investor capital with proven strategies that reduce homelessness, preserve affordability, and strengthen community health.

Projects:
CS Large Cities Housing Fund — BDP serves as fund manager for this $150 million social-impact equity fund, which develops housing for veterans and individuals experiencing homelessness across 16 target communities. Sponsored by Community Solutions, the Fund brings together leading health systems, foundations, family offices, and private investors to acquire and rehabilitate multifamily properties and connect units to local homelessness response systems. Buildings maintain a balanced mix of voucher and workforce housing, with residents supported through services that promote long-term housing stability.

Exterior courtyard of an apartment complex with a swimming pool, lounge chairs, bean bags, orange Adirondack chairs, a small grassy area, and a palm tree. The apartment building has white walls, blue doors, and balconies with black and orange furnitu

Courtyard of a residential apartment complex with outdoor seating, including benches, chairs, and round tables with umbrellas, landscaped with gravel, bricks, and a palm tree at sunset.

A swimming pool in an apartment complex courtyard with brick paving, surrounded by lounge chairs, tables with red umbrellas, and trees with pink flowers under a partly cloudy sky.

A courtyard of a residential apartment complex with a central palm tree and a white rock garden, surrounded by green grass and a sidewalk, with two-story white buildings with blue accents in the background under a clear blue sky.

Pool area with palm trees, lounge chairs, a gazebo, and surrounding landscaping in an apartment complex, under a partly cloudy sky.

Community and Economic Development

BDP advances community and economic development through the strategic deployment of public, private, and philanthropic capital. We work with nonprofit institutions, municipalities, and mission-aligned developers to design, finance, and execute projects that deliver long-term neighborhood benefits. Our work spans early-stage feasibility through construction and asset management, with a focus on health equity, job creation, adaptive reuse, and blight remediation.

Example Projects:

Health Center on Cedar — A $72 million transformation of the former Mercy Hospital into a community health hub in West Philadelphia, developed with PHMC and major healthcare partners.
The SWIFT Factory — A $37 million conversion of Hartford’s historic Swift Gold Leaf Factory into incubator kitchens, office space, a school, an early childhood center, and a future public library branch.
Conservatorship — More than 40 blighted or vacant properties rehabilitated throughout the Philadelphia region under Pennsylvania’s conservatorship framework to restore neighborhood stability and promote economic recovery.

A red brick multi-story building with large windows situated along a street with parked cars and small trees, under a clear blue sky.

A residential street with an old house and new buildings, electric poles, a sidewalk, and a grassy area with small bushes, under a clear blue sky.

Children playing outside on a grassy yard near a large gray house with a wraparound porch, on a clear sunny day.

An open-concept office with exposed brick walls, large windows, and wooden ceiling beams. There are several desks and chairs, with a few people working, some wearing masks, and the space is well-lit by natural sunlight.

Interior of an open-plan office with exposed brick walls, large windows, wooden ceiling beams, industrial lighting, and a mix of desks and seating areas, with some people working and chatting.

Two women working at desks in an office, both wearing face masks, with a window in the background and a decorated wall.

An empty conference room with four windows, wooden floor, white walls with gray paneling, fluorescent lighting, and two people seated across from each other at a large wooden table, practicing social distancing.

A commercial kitchen with stainless steel appliances and a person wearing a mask, cap, apron, and gloves, preparing food in a white container.

Person chopping celery in a commercial kitchen with stainless steel appliances and a tray of colorful chopped vegetables.

A person wearing a face mask and holding a red item in a room with metal shelves filled with packaged food, baking supplies, and paper towels. Large windows show a street with trees and brick buildings outside.

Social Impact Housing

BDP develops and supports housing initiatives that address the interconnected challenges of affordability, health, and long-term stability for vulnerable populations. Our work focuses on adaptive reuse, scattered-site redevelopment, and close coordination with community-based organizations to ensure residents have the services and supports necessary for sustained housing success.

Projects:

Vincent’s Homes — A scattered-site initiative in East Germantown delivering healthy, affordable housing for households referred by social-service partners, with a current portfolio of 18 redeveloped homes and counting.
Santa Fe Suites — A 123-unit hotel conversion in New Mexico providing supportive housing for formerly chronically homeless individuals, developed with the City of Santa Fe and Community Solutions.
North Hartford Housing Trust — A 100-unit initiative created to address vacancy and preserve long-term affordability in North Hartford while mitigating displacement pressures.

A row of attached residential houses with brick and white siding exteriors, featuring bay windows, front porches with wooden railings, and a small yard in front with staircase and fence, under a clear blue sky.

Empty living room with hardwood floors, a white brick fireplace with white mantle, a ceiling fan with light, and stairs on the left leading upstairs.

A small kitchen with light gray cabinets, a granite countertop, a stainless steel sink, a stainless steel refrigerator, a stove, a microwave above the stove, a window with blinds, and wooden flooring.

Small bathroom with a bathtub, tiled walls, toilet, and a skylight in the ceiling.

Empty living room with wooden floors, a staircase with white railing leading upstairs, and a radiator on the right wall. An arched doorway opens to a room with windows and a radiator, with sunlight coming in.

Kitchen with white cabinets, black stove, black refrigerator, white tiled backsplash, window with pink flowers on the windowsill.

Empty room with white walls, dark brown hardwood flooring, a ceiling light fixture, and large bay windows showing a neighborhood outside.