Rank
(vs. 2015)
Company Info Executive Contact 2016 Starts/Completions Region(s) Org. Type
1 (9)

THE NRP GROUP

5309 Transportation Blvd.; Cleveland, OH 44125

(216) 475-8900 | www.nrpgroup.com

The NRP Group tops the developers list after starting construction on eight new affordable housing projects with 1,798 units in 2016.

J. David Heller, CEO 1,798 / 550 MW, NE, SC, SE For-profit
2 (19)

THE MICHAELS ORGANIZATION

3 E. Stow Road, Suite 100; P.O. Box 994; Marlton, NJ 08053

(856) 596-3008 | www.themichaelsorg.com

Michaels doubled its pipeline and opened new offices in Colorado and Texas last year.

John O'Donnell, president 1,656 / 776 National For-profit
3 (14)

MILLER-VALENTINE GROUP

9349 Waterstone Blvd.; Cincinnati, OH 45249

(513) 588-1000 | www.mvg.com

In addition to the firm’s affordable housing work, it started construction on four market-rate developments with 967 units in 2016.

Brian McGeady, president, MV Affordable Housing Development 1,134 / 419 MW, SC, SE Nonprofit
4 (16)

LDG DEVELOPMENT

1469 S. Fourth St.; Louisville, KY 40208

(502) 638-0534 | www.ldgdevelopment.com

LDG plans for another strong year in 2017, anticipating starting seven new developments with almost 1,200 units.

Chris Dischinger and Mark Lechner, co-owners 1,060 / 0 MW, SC, SE For-profit
5 (6)

THE PACIFIC COS.

430 E. State St., Suite 100; Eagle, ID 83616

(208) 461-0022 | www.tpchousing.com

The Pacific Cos. had the most affordable-unit starts in its history last year, with 976 units in 10 developments.

Caleb Roope, president and CEO 976 / 298 W For-profit
6 (22)

DOMINIUM

2905 Northwest Blvd., Suite 150; Plymouth, MN 55441

(763) 354-5500 | www.dominiumapartments.com

Dominium closed six new-construction deals totaling nearly 1,000 units last year.

Paul Sween and Armand Brachman, managing partners 968 / 306 MW, SC, SE, W For-profit
7 (4)

PENNROSE PROPERTIES

1301 N. 31st St.; Philadelphia, PA 19121

(267) 386-8600 | www.pennrose.com

The firm plans to complete 14 affordable housing developments with over 1,000 units in 2017.

Mark H. Dambly, president 929 / 649 MW, NE, SC, SE For-profit
8 (1)

PEDCOR COS.

1 Pedcor Square, 770 Third Ave., S.W.; Carmel, IN 46032

(317) 587-0320 | www.pedcorcompanies.com

Pedcor continued to increase its overall development activities last year, completing 1,012 affordable housing units in five projects.

Phillip J. Stoffregen, COO and executive vice president 880 / 1,012 MW, SC, SE, W For-profit
9 (7)

THE WODA GROUP

229 Huber Village Blvd., Suite 100; Westerville, OH 43081

(614) 396-3200 | www.www.wodagroup.com

The firm is poised to start 14 affordable housing developments with 755 units in 2017.

Jeffrey Woda and David Cooper Jr., co-principals 839 / 778 MW, NE, SE For-profit
10 (17)

GORMAN & CO.

200 N. Main St.; Oregon, WI 53575

(608) 835-3900 | www.gormanusa.com

In 2016, Gorman increased its started developments by two projects and 392 units over the prior year.

Tom Capp, COO 776 / 470 National For-profit
11 (3)

HERMAN & KITTLE PROPERTIES

500 E. 96th St., Suite 300; Indianapolis, IN 46240

(317) 805-1980 | www.hermankittle.com

Herman & Kittle closed two large new-construction 4%/tax-exempt bond transactions in 2016, the first time in about 10 years.

Jeffrey Kittle, president and CEO 707 / 792 National For-profit
12 (2)

McCORMACK BARON SALAZAR

720 Olive St., Suite 2500; St. Louis, MO 63101

(314) 621-3400 | www.mccormackbaron.com

The firm closed two major demonstration mixed-income, mixed-finance developments in Puerto Rico last year.

Vince R. Bennett, president 688 / 791 National For-profit
13 (11)

RELATED CALIFORNIA

18201 Von Karman Ave., Suite 900; Irvine, CA 92612

(949) 660-7272 | www.relatedcalifornia.com

Related California closed financing and commenced construction on 13 developments in 2016.

Frank Cardone, president 679 / 277 W For-profit
14 (new)

COLUMBIA RESIDENTIAL

1718 Peachtree St., N.W., Suite 684; Atlanta, GA 30309

(404) 419-1432 | www.columbiares.com

The firm closed the first Rental Assistance Demonstration program transaction for the Atlanta Housing Authority last year.

Noel Khalil and Jim Grauley, principals 648 / 268 SC, SE For-profit
15 (31)

CHELSEA INVESTMENT CORP.

6339 Paseo Del Lago; Carlsbad, CA 92011

(760) 456-6000 | www.chelseainvestco.com

Chelsea plans to complete its 100th development and start its 10,000th unit this year.

Cheri Hoffman, president 613 / 239 W For-profit
16 (18)

L+M DEVELOPMENT PARTNERS

1865 Palmer Avenue, Suite 203; Larchmont, NY 10538

(914) 833-3000 | www.lmdevpartners.com

The firm made a major push into the New Jersey market last year, with the completion of Hahne’s, a vacant historic department store, in Newark.

Lisa Gomez, COO 573 / 683 NE, SC, W For-profit
17 (new)

RPM DEVELOPMENT GROUP

77 Park St.; Montclair, NJ 07042

(973) 744-5410 | www.rpmdev.com

The firm closed on the largest project in its history in 2016, a 186-unit, mixed-use development in Monmouth County, N.J.

Edward Martoglio, president 570 / 109 NE For-profit
18 (10)

MERCY HOUSING

1999 Broadway, Suite 1000; Denver, CO 80202

(303) 830-3300 | www.mercyhousing.org

The nonprofit opened 55 Laguna, San Francisco’s first affordable, LGBT-welcoming housing, in fall 2016.

Jane Graf, president and CEO 559 / 315 National Nonprofit
19 (8)

RISE RESIDENTIAL CONSTRUCTION

16812 Dallas Parkway; Dallas, TX 75248

(972) 701-5558 | www.rise-residential.com

Rise completed its 15th year in business in 2016, starting three affordable housing developments with 552 units.

Melissa Fisher, president 552 / 512 SC For-profit
20 (new)

ST. ANTON COMMUNITIES

1801 I St., Suite 200; Sacramento, CA 95811

(916) 471-3000 | www.antoncap.com

The firm plans to develop 750 to 1,100 transit-oriented mixed-income, market-rate, and affordable housing units throughout Silicon Valley and the Sacramento region in 2017.

Peter Geremia, owner 480 / 35 W For-profit
21 (New)

FITCH IRICK PARTNERS

1714 East Blvd.; Charlotte, NC 28203

(704) 335-9112 | www.flatirondevelopment.com

The firm’s goal for 2017 is to develop 400 new units of affordable housing.

Hollis M. Fitch, CEO 436 / 108 SE For-profit
22 (25)

HOUSING TRUST GROUP

3225 Aviation Ave., Suite 602; Miami, FL 33133

(305) 860-8188 | www.htgf.com

The company closed on financing and began construction on 416 new units of affordable housing in Florida and delivered 301 new units last year.

Matthew Rieger, president and CEO 416 / 301 SE, W For-profit
23 (39)

FLAHERTY & COLLINS PROPERTIES

One Indiana Square, Suite 3000; Indianapolis, IN 46040

(317) 816-9300 | www.flco.com

Flaherty & Collins received two tax credit awards in Washington, D.C., a new market for the Indianapolis-based firm, in 2016.

Duane Miller, vice president, community development and asset management 405 / 146 National For-profit
24 (new)

C&C DEVELOPMENT

14211 Yorba St., Suite 200; Tustin, CA 92780

(714) 288-7600 | www.c-cdev.com

Five new projects have been approved for development in 2017, one of which uses the Affordable Housing and Sustainable Communities cap-and-trade program, a new funding source for C&C.

Todd Cottle, principal 362 /150 W For-profit
25 (5)

CONIFER REALTY

1000 University Ave., Suite 500; Rochester, NY 14607

(585) 324-0500 | www.coniferllc.com

Conifer plans to expand into the Southeast by moving into North Carolina, South Carolina, Tennessee, and Virginia this year.

Timothy D. Fournier, president and CEO 361 / 284 MW, NE For-profit
26 (new)

OVERLAND PROPERTY GROUP

5345 W. 151st Terrace; Leawood, KS 66224

(913) 396-6310 | www.ovpgroup.com

In addition to affordable housing, the firm plans to expand into market-rate independent living, breaking ground on a 74-unit luxury senior community in its hometown.

Brett Johnson, partner 351 / 176 MW, SC, W For-profit
27 (26)

BRIDGE Housing Corp.

600 California St., Suite 900; San Francisco, CA 94108

(415) 989-1111 | www.bridgehousing.com

The nonprofit completed The Abigail, its first ground-up development in Portland, Ore., last year.

Cynthia A. Parker, President and CEO 342 / 313 W Nonprofit
28 (new)

MATTHEWS SOUTHWEST

320 Main St. W.; Lewisville, TX 75057

(972) 221-1199 | www.matthewssouthwest.comfbsesdcddxsaytabdcdbfawudeaq

The developer has partnered with nonprofit Family Gateway on the 336-unit Gateway at Hutchins development outside of Dallas.

Jack Matthews, president 336 / 0 SC For-profit
29 (46)

VOLUNTEERS OF AMERICA

1660 Duke St.; Alexandria, VA 22314

(703) 341-5095 | www.voa.org

The nonprofit started two new permanent supportive-housing projects for veterans in Illinois and Maine in 2016.

Patrick Sheridan, executive vice president of housing 332 / 79 National Nonprofit
30 (40)

THE ARKER COS.

15 Verbena Ave., Suite 100; Floral Park, NY 11001

(516) 277-9325 | www.arkercompanies.com

In 2016, Arker focused on the beginning stages of two large-scale projects—receiving construction financing for the first phase of a multiyear development in Brooklyn and purchasing a large development site in Queens.

Daniel Moritz, principal 326 / 152 NE For-profit
31 (45)

PRESTWICK COS.

13715 Northside Pkwy., Bldg. 200, Suite 175; Atlanta, GA 30327

(404) 949-3870 | www.prestwickcompanies.com

The firm developed two transit-oriented developments for seniors last year.

Ken Blankenship, Darien Lee, and Jody Tucker, partners 312 / 223 SE For-profit
32 (35)

MIDPEN HOUSING CORP.

303 Vintage Park Drive, Suite 250; Foster City, CA 94404

(650) 356-2900 | www.midpen-housing.org

The nonprofit has a presence in 11 Northern California counties and plans to continue to go deeper in those markets.

Matthew O. Franklin, president 307 / 290 W Nonprofit
33 (new)

COMMUNITY HOUSINGWORKS

2815 Camino del Rio S., Suite 350; San Diego, CA 92108

(619) 450-8709 | www.chworks.org

The Southern California nonprofit broke ground on two new senior housing communities—76 units in San Diego and 138 units in Oceanside.

Anne B. Wilson, senior vice president of housing and real estate 306 / 109 W Nonprofit
34 (13)

TWG DEVELOPMENT

333 N. Pennsylvania St., Suite 100; Indianapolis, IN 46204

(317) 264-1833 | www.twgdev.com

TWG last year completed its first project outside of its home state of Indiana—the Commonwealth Senior Apartments in Cedar Rapids, Iowa.

Joe Whitsett, CEO 268 / 260 MW For-profit
35 (new)

SCG DEVELOPMENT PARTNERS

8245 Boone Blvd., Suite 640; Tysons Corner, VA 22182

(703) 942-6610 | www.scgdevelopment.com

SCG Development Partners closed on its 1,000th unit in 2016. It also won an RFP for an affordable housing development in Aspen, Colo., that is expected to close in early 2018.

Stephen P. Wilson, president 266 / 164 NE, SC, SE, W For-profit
36 (37)

COMMUNITY INVESTMENT STRATEGIES

1970 Brunswick Ave., Suite 100; Lawrenceville, NJ 08648

(609) 298-2229 | www.cisnj.com

Community Investment Strategies closed on the last two phases of a major redevelopment project in Elizabeth, N.J., last year.

Christiana Foglio, owner and CEO 237 / 93 NE For-profit
37 (32)

THE COMMUNITY BUILDERS

185 Dartmouth St.; Boston, MA 02116

(617) 695-9595 | www.tcbinc.org

In 2016, the nonprofit expanded its allocation of New Markets Tax Credits across more projects to strengthen neighborhoods with affordable and mixed-income housing, community space, and amenities.

Bart Mitchell, president and CEO 224 / 101 MW, NE, SE Nonprofit
38 (new)

WINNCOMPANIES

6 Faneuil Hall Marketplace; Boston, MA 02019

(617) 742-4500 | www.winnco.com

The firm continued its redevelopment efforts in multiple states, including a joint venture with a public housing authority in Rhode Island, supportive housing in Connecticut, and the completion of a historic landmark adaptive-reuse at the Livingston School in Albany, N.Y.

Lawrence H. Curtis, president and managing partner, WinnDevelopment 222 / 0 NE For-profit
39 (23)

COMMONWEALTH DEVELOPMENT CORPORATION OF AMERICA

9 Sheboygan St.; Fond du Lac, WI 54935

(920) 922-8170 | www.commonwealthco.net

Commonwealth received nine 9% LIHTC awards in 2016 and increased its number of regional development offices to six.

Louie A. Lange III, president 212 / 275 MW, SC, SE, W For-profit
40 (new)

COACHELLA VALLEY HOUSING COALITION

45701 Monroe St., Suite G.; Indio, CA 92201

(760) 347-3157 | www.cvhc.org

Two goals for the nonprofit in 2017 are to complete a 138-unit development for homeless veterans and to build over 100 single-family affordable homes.

Julie Bornstein, executive director 210 / 17 W Nonprofit
41 (41)

MADHOUSE DEVELOPMENT SERVICES

8500 Shoal Creek Blvd., Suite 208; Austin, TX 78757

(512) 633-4037 | www.madhousedevelopment.net

Madhouse was involved in the development of over 400 units in five developments totaling over $90 million in investment in Texas through the LIHTC program last year.

Henry Flores, president 204 / 180 SC For-profit
42 (29)

USA PROPERTIES FUND

3200 Douglas Blvd., Suite 200; Roseville, CA 95661

(916) 773-6060 | www.usapropfund.com

The firm is working on a development that will be 100% Sec. 8 based, which is a first for the developer.

Geoffrey C. Brown, president and CEO 200 / 64 W For-profit
43 (28)

ATLANTIC PACIFIC COMMUNITIES

2950 S.W. 27th Ave., Suite 200; Miami, FL 33133

(305) 357-4700 | www.apcommunities.com

Atlantic Pacific is expanding its footprint in Maryland and Washington, D.C., and will continue its growth in Florida and Texas.

Kenneth Naylor, COO 196 / 130 National For-profit
43 (49)

COMMUNITY DEVELOPMENT PARTNERS

3416 Via Oporto, Suite 301; Newport Beach, CA 92663

(949) 467-1344 | www.communitydevpartners.com

In 2016, the firm closed on the financing of and began construction on four new developments, including two permanent supportive-housing projects serving chronically homeless people and veterans.

Eric Paine, CEO 196 / 0 W For-profit
44 (new)

BFC PARTNERS

150 Myrtle Ave., Suite 2; Brooklyn, NY 11201

(718) 422-9999 | www.bfcnyc.com

The developer closed on a 400,000-square-foot mixed-use project in the Bronx in December. The project will house the Bronx Music Hall, provide units for the formerly homeless, and serve residents who earn 30% to 90% of the area median income.

Donald Capoccia, principal 182 / 200 NE For-profit
44 (43)

PICERNE REAL ESTATE GROUP

247 N. Westmonte Drive; Altamonte Springs, FL 32714

(407) 772-0200 | www.picernerealstategroup.com

The firms plans to start more affordable sites in Florida and Texas this year.

Robert M. Picerne, COO 182 / 0 National For-profit
45 (new)

S&A HOMES

2121 Old Gatesburg Road, Suite 200; State College, PA 16803

(814) 272-8907 | www.sahomebuilder.com

S&A Homes plans to maintain a sustainable number of projects in the pipeline with a focus on developments in Maryland, Virginia, and West Virginia this year.

Andrew S. Haines, executive vice president 170 / 135 NE, SE For-profit
46 (new)

HUMANITIES FOUNDATION

474 Wando Park Blvd., Suite 102; Mount Pleasant, SC 29464

(843) 881-7550 | www.humanitiesfoundation.org

Humanities plans to start three new affordable housing developments with over 300 units this year.

Shane Doran, vice president of public relations 168 / 160 SE Nonprofit
46 (33)

SOUTHPORT FINANCIAL SERVICES

5403 W. Gray St.; Tampa, FL 33609

(813) 288-6988 | www.sphome.com

The firm applied for and was allocated 15 LIHTC awards in 2016. Of those, the company closed nine in 2016 and plans to close the remaining six this year.

Paul C. Fortino, senior vice president 168 / 76 National For-profit
47 (30)

AMCAL MULTI-HOUSING

30141 Agoura Road, Suite 100; Agoura Hills, CA 91301

(818) 706-0694 | www.amcalhousing.com

AMCAL plans to start eight affordable housing developments with over 1,000 units in 2017.

Percival Vaz, CEO 167 / 368 SC, W For-profit
48 (20)

BENEFICIAL COMMUNITIES

3550 S. Tamiami Trail, Suite 301; Sarasota, FL 34239

(941) 929-1270 | www.beneficialcom.com

The firm plans to start four developments with 244 units this year.

Donald Paxton, president 162 / 377 National For-profit
49 (new)

AHC

2230 N. Fairfax Drive; Arlington, VA 22201

(703) 486-0626 | www.ahcinc.org

AHC has assembled a team to focus on raising socially motivated investment capital.

Stephen Smith, senior vice president 161 / 0 NE, SE Nonprofit
50 (new)

JT KLEIN CO.

831 S. Brooks St.; Madison, WI 53715

(612) 202-1577 | www.jtklein.com

The firm, which was formed in January 2015, started construction on its first deal in April 2016.

Jacob T. Klein, president 158 / 0 MW For-profit

Correction: Abode Communities was mistakenly omitted from the AHF 50 developers list due to an Affordable Housing Finance oversight. The Los Angeles-based nonprofit started construction on 176 new affordable housing units in 2016, which would have placed Abode Communities at No. 45 on the AHF 50 Developers list.

Regions: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West