| 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.com 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
