COVER STORY
The Top 50 Affordable Housing Developers
AFFORDABLE HOUSING FINANCE • MAY 2008
RANK/
(2007
RANK)
|
COMPANY/CONTACT |
ADDRESS/PHONE/WEB |
AFFORDABLE DEALS 2007 UNIT STARTS/ COMPLETIONS |
REGION(S) |
ORGANIZATION TYPE |
11/35 |
Herman & Kittle Properties, Inc.
Jeff Kittle, executive vice president
|
500 E. 96th St., Suite 300
Indianapolis, IN 46240
(317) 805-1980
www.hermankittle.com
|
761/284 |
Midwest, South Central |
For-profit |
| Herman & Kittle Properties partnered with different housing agencies on multiple projects in Indiana, and it entered the Louisiana market in 2007. The firm also recently began developing market-rate multifamily housing. |
12/(new) |
Community Preservation and Development Corp.
Gerry Joseph, vice president for real estate development
|
5513 Connecticut Ave., N.W.
Washington, DC 20015
(202) 885-9558
www.cpdc.org
|
725/0 |
Northeast, Southeast |
Nonprofit |
| In addition to starting two new projects with 725 units in 2007, CPDC acquired a development with 113 units. Special areas of focus include affordable housing and historic preservation. |
13(13) |
The Community Builders, Inc.
Patrick E. Clancy, president & CEO
|
95 Berkeley St., Suite 500
Boston, MA 02116
(617) 695-9595
www.tcbinc.org
|
709/664 |
Midwest, Northeast, Southeast |
Nonprofit |
| The Community Builders moved about 1,000 units to closing and completed construction of more than 700 units in its pipeline in 2007. In 2008, it will move toward a new practice model targeted to enabling working poor families to double their earned income in 10 years. |
14/22 |
Beneficial Communities
Don Paxton, president
|
2206 Jo-An Drive; Sarasota, FL 34231
(941) 929-1270
www.beneficialcom.com
|
706/340 |
Northeast, Southeast |
For-profit |
| Beneficial Communities started seven developments with more than 700 affordable units in 2007. It expects to start another four projects with nearly 500 units in 2008. Seniors housing is a specialty. |
15/5 |
The Domain Cos.
Matthew Schwartz, principal
|
11 Park Place, Suite 1705; New York, NY 10007
(212) 991-0001
www.thedomaincos.com
|
657/647 |
National |
For-profit |
| The Domain Cos. started 483 units of mixed-income rental housing and 30 units of for-sale housing in New Orleans in 2007. All projects under construction feature green design elements. |
16/new |
The Integral Group, LLC
Eric Pinckney, vice president of operations
|
60 Piedmont Ave., N.E.; 16 Atlanta, GA 30303
(404) 224-1889
www.integral-online.com |
638/408 |
National |
For-profit |
| The Integral Group has been active in about 10 cities across the nation, with the greatest concentration of activity in Atlanta and the Southeast. The company has been active in a number of public-private partnerships with local governments and agencies. |
17/new |
Pinnacle Housing Group
David O. Deutch, partner
|
9400 S. Dadeland Blvd., Suite 100; Miami, FL 33156
((305) 854-7100
www.pinnaclehousing.com
|
627/668 |
South Central, Southeast |
For-profit |
| Pinnacle Housing completed its first two ventures with public housing authorities in Florida. It also commenced with the development of its first affordable housing venture outside of the state, with a groundbreaking of Pinnacle at Magnolia Pointe in Mississippi. |
17/30 |
Aslan
Paul Widman, president
|
1031 Zorn Ave., Suite 1400
Louisville, KY 40207
(502) 253-3100
www.experienceaslan.com
|
627/532 |
Midwest, South Central, Southeast |
For-profit |
| Aslan Hallmark started nine affordable housing developments and completed five in 2007. The firm also added an in-house tax credit compliance department. |
18/10 |
The NuRock Cos.
Robert Hoskins, principal
|
3460 Preston Ridge Road, Suite 175
Alpharetta, GA 30005
(770) 552-8070
www.nurock.com
|
615/448 |
South Central, Southeast |
For-profit |
| The NuRock Cos. completed two affordable housing developments and started three in 2007. The firm expects to have an even busier 2008. |
19/23 |
The Pacific Cos.
Caleb Roope, president & CEO
|
430 E. State St., Suite 100
Eagle, ID 83616
(208) 461-0022
www.tpchousing.com
|
611/648 |
West |
For-profit |
| The Pacific Cos. completed 15 developments in 2007, the most it has done in a single year. The company also started another 12 projects. |
20/16 |
The Woda Group, LLC
Jeffrey Woda, principal
|
229 Huber Village Blvd., Suite 100
Westerville, OH 43081
(614) 396-3200
www.wodagroup.com
|
560/560 |
Midwest, Northeast, Southeast |
For-profit |
| The Woda Group completed 18 affordable housing developments in 2007. The company also achieved a portfoliowide occupancy rate of more than 96 percent. |
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