COVER STORY
The Top 50 Affordable Housing Owners
AFFORDABLE HOUSING FINANCE • MAY 2007
| RANK |
COMPANY/CONTACT |
ADDRESS/PHONE/WEB |
AFFORDABLE UNITS OWNED (AS OF 1/1/07) |
REGION(S) |
ORGANIZATION TYPE |
11 |
The Community Builders, Inc.
Patrick E. Clancy, president & CEO
|
95 Berkeley St., Suite 500 Boston, MA 02116
(617) 695-9595
www.tcbinc.org
|
7,686 |
Midwest, Northeast, Southeast |
Nonprofit |
| The firm develops affordable and mixed-income rental housing, ranging from single-room occupancy units to garden apartments to large rental properties. In 2006, the firm completed 11 developments with 715 units. The Community Builders has been very active in HOPE VI projects. |
12 |
Conifer Realty, LLC
Carol Oster, vice president
|
183 E. Main St., Suite 600
Rochester, NY 14604
(585) 324-0500
www.coniferllc.com
|
7,480 |
Midwest, Northeast |
For-profit |
| The firm’s focus includes the development of affordable seniors and family rental housing and affordable for-sale housing, including rehabilitation and preservation projects. Conifer completed six new tax credit or bond developments in 2006. |
13 |
The NuRock Cos.
Robert G. Hoskins, managing principal |
3460 Preston Ridge Road, Suite 175 Alpharetta, GA 30005
(770) 552-8070
www.nurock.com
|
6,524 |
South Central, Southeast |
For-profit |
| The firm’s focus includes special-needs, seniors, and workforce family housing. Its goals include developing more seniors housing that creates a “live/play/socialize” environment. It was a Georgia Department of Community Affairs Magnolia Award finalist in 2006. |
14 |
Carlisle Development Group
Lloyd J. Boggio, president & CEO |
2950 S.W. 27th Ave., Suite 200
Miami, FL 33133
(305) 476-8118
www.carlisledevelopmentgroup.com
|
6,410 |
Southeast |
For-profit |
| The firm has developed communities targeting families, seniors, farmworkers, and the homeless. It has been active throughout Florida, from the Panhandle to the Keys. Carlisle Development received approximately $265 million in housing tax credit reservations in 2006. It has 34 transactions in its production pipeline. |
15 |
The NRP Group, LLC
Alan F. Scott, managing member |
5309 Transportation Blvd.
Garfield Heights, OH 44125
(216) 475-8900
www.nrpgroup.com
|
5,862 |
National |
For-profit |
| The firm’s areas of focus include development of housing tax credit and market-rate rental communities as well as land development for mixed-use communities. It completed more than 1,600 rental units in 2006. Its accomplishments included expanding into Louisiana, with the opening of a Baton Rouge office. It is working on three projects in New Orleans. |
16 |
Cortland Partners
Steven DeFrancis, managing partner
|
260 Peachtree St., Suite 1001
Atlanta, GA 30303
(404) 965-3971
www.cortlandpartners.com
|
5,500 |
South Central, Southeast |
For-profit |
| The firm specializes in urban redevelopment. It plans to target its 2007 activities in Georgia, Florida, Louisiana, and North Carolina. |
17 |
Lawler Wood Housing, LLC
Brian M. Simmons, vice president |
900 S. Gay St., Suite 1600
Knoxville, TN 37902
(865) 637-7777
www.lawlerwood.com
|
5,272 |
Midwest, Northeast, South Central, Southeast |
For-profit |
| The firm’s focus is acquiring and rehabbing Sec. 8 properties with tax-exempt bonds and 4 percent housing tax credits. It acquired 13 properties with 1,926 units in 2006. |
18 |
Mid-Peninsula Housing Coalition
Fran Wagstaff, president |
303 Vintage Park Drive, Suite 250
Foster City, CA 94404
(650) 356-2900
www.midpen-housing.org
|
4,698 |
California |
Nonprofit |
| Mid-Peninsula specializes in multifamily, seniors, and special-needs housing for very low income households. The organization’s overall portfolio is affordable to households below 40 percent of the area median income (AMI). In 2006, the firm completed three major developments and broke ground on three other projects. |
19 |
Standard Enterprises, Inc.
James Freeman, director of development |
3104 Breard St.
Monroe, LA 71201
(318) 387-2662
www.standardenterprises.com
|
4,626 |
South Central |
For-profit |
| The firm received $5.3 million in housing tax credit reservations on 10 projects in 2006. The firm started six projects with 136 units in 2006. |
20 |
EAH Housing
Clarice Veloso-Lugo, marketing manager |
2169 E. Francisco Blvd., Suite B
San Rafael, CA 94901
(415) 258-1800
www.eahhousing.org
|
4,482 |
West |
Nonprofit |
| EAH develops and manages a full range of affordable housing projects, including seniors and special-needs housing. It has also developed several large bond-financed student housing projects. It completed several developments in California and celebrated its 10th anniversary of providing housing and services in Hawaii in 2006. |
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