Supreme Court Nominee Gorsuch
Important Message from NAHB Chairman Granger MacDonald
Now is the time for the Senate to move forward on Judge Neil Gorsuch’s nomination to the U.S. Supreme Court.
Judge Gorsuch is a strong choice for the Supreme Court and his nomination deserves a vote.
The Supreme Court is expected to hear several cases that directly impact the home building industry. Important issues like land use, environmental regulations and worker misclassification could all face judicial review. And one vote could sway the court.
That’s why it’s important for the Supreme Court’s vacant seat to be filled quickly by Judge Gorsuch, the right jurist for the job.
Please call your Senator and ask them to move forward the nomination of Judge Gorsuch to the Supreme Court.
Call 866-924-6242 to be connected to your Senator.
AFFORDABLE HOUSING FINANCE
Top 50 Affordable Housing Developers of 2016
The NRP Group tops the list after starting construction on 1,798 units last year.
|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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
Regions: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West