COVER STORY
The Top 50 Affordable Housing Owners
AFFORDABLE HOUSING FINANCE • MAY 2008
RANK/
2007 RANK |
COMPANY/CONTACT |
ADDRESS/PHONE/WEB |
AFFORDABLE UNITS OWNED (AS OF 1/1/08) |
REGION(S) |
ORGANIZATION TYPE |
41/30 |
The Woda Group, LLC
Jeffrey Woda, principal
|
229 Huber Village Blvd., Suite 100
Westerville, OH 43081
(614) 396-3200
www.wodagroup.com
|
4,117 |
Midwest, Northeast, Southeast |
For-profit |
| The company focuses on small markets and rural areas. It has closed on more than 50 U.S. Department of Agriculture Rural Development Sec. 538 loans. |
42/new |
St. Anton Partners
Steven L. Eggert, principal |
1801 I St., Suite 200
Sacramento, CA 95811
(916) 444-9808
www.antonllc.com
|
4,108 |
California |
For-profit |
| St. Anton Partners wants to maintain a production level of 700 to 900 units a year in combined new construction and rehab work. |
43/27 |
Community Preservation & Development Corp.
Gerry Joseph, vice president for real estate development
|
5513 Connecticut Ave. N.W., Suite 250
Washington, D.C., 20015
(202) 885-9558
www.cpcd.org
|
4,002 |
Northeast, Southeast |
Nonprofit |
| The nonprofit group owns 24 affordable housing developments. In 2007, it closed on the financing for Mayfair Mansions, the redevelopment of a historic apartment building in Washington, D.C., into 410 new units.
|
44/25 |
Herman & Kittle Properties, Inc.
Jeff Kittle, executive vice president
|
500 E. 96th St., Suite 300
Indianapolis, IN 46240
(317) 805-1980
www.hermankittle.com
|
3,767 |
Midwest, South Central |
For-profit |
| Herman & Kittle Properties is active in developing affordable family and seniors housing. The company is also involved in market-rate housing development. |
45/28 |
Eden Housing, Inc.
Linda Mandolini, executive director
|
409 Jackson St.
Hayward, CA 94544
(510) 247-8180
www.edenhousing.org
|
3,754 |
California |
Nonprofit |
| Eden Housing completed three new affordable housing developments for seniors, individuals with special needs, and families in 2007. The nonprofit organization celebrates its 40th anniversary this year. |
46/new |
The Integral Group, LLC
Eric Pinckney, vice president of operations
|
60 Piedmont Ave., N.E.; Atlanta, GA 30303
(404) 224-1889
www.integral-online.com
|
3,500 |
National |
For-profit |
| The firm plans to expand into North Carolina in 2008. The Integral Group’s focus includes multifamily rental and for-sale units and seniors rental units. |
47/31 |
The Pacific Cos.
Caleb Roope, president & CEO
|
430 E. State St., Suite 100
Eagle, ID 83616
(208) 461-0022
www.tpchousing.com
|
3,389 |
West |
For-profit |
| The Pacific Cos. develops a wide range of housing, including affordable developments, resort workforce housing, and inclusionary housing for market-rate developments. |
48/new |
Mid-City Urban, LLC
Caroline Kenney, development associate
|
8403 Colesville Road, Suite 400;
Silver Spring, MD 20910
(301) 562-1600
|
3,265 |
Northeast, Southeast |
For-profit |
| Mid-City Urban has expertise in urban infill, mixed-income rental and homeownership, and transit-oriented developments. In 2007, the company completed 335 affordable rental and about 100 affordable homeownership units in four urban markets. |
49/39 |
Realtex Development Corp.
Rick Deyoe, president
|
912 S. Capital of Texas Highway,
Suite 200
Austin, TX 78746
(512) 306-9206
www.realtexdevelopment.com
|
2,750 |
South Central |
For-profit |
| Formed in 1998, the company concentrates its development efforts on affordable family and seniors housing. Realtex is very active in the Gulf Coast.
|
50/40 |
Wabuck Development Co., Inc.
Garry Watkins, president
|
P.O. Box 556
Leitchfield, KY 42754
(270) 259-5607
|
2,739 |
Southeast |
For-profit |
| Wabuck Development specializes in developing in rural areas. It is also involved with special-needs housing. In 2007, the company placed in service a housing complex for women with addictions. |
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