Belmont Housing Resources for WNY

What Belmont Housing Resources for WNY does

Belmont Housing Resources for WNY is a 501(c)(3) nonprofit affordable housing organization founded in 1977 and headquartered in Buffalo, New York. It administers Housing Choice Voucher (Section 8) programs on behalf of three jurisdictions (Erie County PHA Consortium, City of North Tonawanda, and Niagara County), disbursing $30-35 million annually in Housing Assistance Payments to private landlords serving over 6,000 families per month. Beyond voucher administration, Belmont directly develops, owns, and manages 21+ multi-family affordable rental properties (totaling $73.1 million in managed assets) across Erie, Niagara, and Chautauqua Counties, and has built 2,000+ new residential units valued at $150 million since 1982 using LIHTC, CDBG, HOME, and Federal Home Loan Bank funding. The organization is the largest HUD-certified housing counseling agency in the Buffalo-Niagara region, advising 2,500+ households annually through NCHEC-certified counselors, and runs supporting programs in foreclosure prevention, financial education, housing rehabilitation, estate planning, and first-time homebuyer down payment assistance.

The organization's business model is grant-funded and fee-based rather than commercial: all client-facing services (counseling, education, rental assistance placement) are free at the point of delivery, with costs recovered through federal and state program administration fees, property management fees on owned/managed units, development fees on new construction projects, and unrestricted foundation grants. Technology infrastructure is dominated by Yardi's OneSite Leasing and Rents platform for HUD and Tax Credit compliance, supplemented by the proprietary Assistance Connect participant portal and HAPCheck landlord payment portal, plus NSPIRE virtual inspection capability delivered through commodity video tools (Teams, Zoom, FaceTime). Belmont generated $30-35M in HAP pass-through in the most recent disclosed period, and operates from a Central Office/Housing Resource Center in Buffalo, a Niagara County office in North Tonawanda, and a Financial Education Center on Jefferson Avenue in Buffalo.

Belmont serves approximately 15,000 low-income households annually across five primary segments: low-income renters in need of subsidies, first-time homebuyers seeking education and down payment assistance, seniors and individuals with disabilities requiring accessible affordable housing, current homeowners needing rehabilitation or lead hazard remediation, and landlords participating in the Section 8 program. It is governed by a Board of Directors chaired by Kelly L. Patterson, PhD, and led by President/CEO Brad Packard, CFO Aaron Hejmowski, VP Property Management Brenda Decker, and VP Housing Programs Joyelle Tedeschi, MSW. The organization's strategic position rests on multi-decade HUD regulatory expertise, exclusive local administration rights for HCV across three jurisdictions, and an extensive partnership ecosystem spanning municipalities, federal/state funders, and regional foundations.

Name

Belmont Housing Resources for WNY

Legal name

Belmont Housing Resources for WNY, Inc.

Website

https://belmonthousingwny.org

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Short description

Belmont Housing Resources for WNY is a Buffalo-based 501(c)(3) nonprofit founded in 1977 that administers Housing Choice Voucher programs across three Western New York jurisdictions, develops and manages $73M+ in affordable rental properties, and provides HUD-certified housing counseling and financial education to 15,000+ low-income households annually.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Administration of Housing Programs (92511), Other Community Housing Services (624229), New Housing For-Sale Builders (236117)

SIC

Operators Of Apartment Buildings (6513), Services-Social Services (8300), Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

akta.pro secondary industries

Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based) (FSALAKAI), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing services
• Rental assistance programs
• Housing counseling
• Affordable property management
• Community development housing

Headquarters

HQ city

Buffalo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Government Rental Assistance Payments: Housing Assistance Payments (HAP) administered through Housing Choice Voucher Program, generating over $30-35 million annually in rental assistance payments to property owners
2. Community Development Programs: Administration of community development programs funded by federal, state, and local sources including CDBG, HOME funding, and Low-Income Housing Tax Credits
3. Property Management Services: Comprehensive property management for 20+ multi-family developments across Western New York, managing over $73 million in assets
4. Grants and Donations: Financial support from federal and state agencies (HUD, NYS Attorney General, HCR), foundations (Bank of America, Citizens Bank, M&T, KeyBank, Siemer Institute), and United Way
5. Affordable Housing Development: Development fees from new construction and adaptive reuse projects using LIHTC, CDBG, HOME, and Federal Home Loan Bank funding. Over $150 million in new construction completed

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Belmont Housing Resources for WNY administers the federal Housing Choice Voucher (Section 8) program across Erie County Consortium, City of North Tonawanda, and Niagara County, subsidizing rent for eligible low-income households. It manages 20+ affordable rental properties for seniors, families, and individuals with disabilities, develops new affordable housing units using LIHTC, CDBG, and HOME funding, and provides free HUD-certified housing and financial counseling plus homeownership programs (Building Buffalo Roots, Building Cheektowaga Roots) delivered through a lottery system.

Product overview

Belmont Housing Resources for WNY is a non-profit affordable housing organization offering a comprehensive suite of housing-related products and services. The core offerings include the Housing Choice Voucher Program (Section 8) administered for Erie County Consortium, City of North Tonawanda, and Niagara County; Belmont Managed Rentals (a portfolio of 20+ affordable rental properties serving seniors, families, and individuals with disabilities across Erie, Niagara, and Chautauqua Counties); and homeownership programs through Building Buffalo Roots and Building Cheektowaga Roots partnerships. These core products are supported by housing rehabilitation services, property management services, and community development (affordable housing construction using LIHTC, CDBG, and HOME funding). The organization also provides a digital portal (Assistance Connect) for voucher participants to manage their housing assistance online. Supplementary services include HUD-certified housing and financial counseling, foreclosure prevention, first-time homebuyer programs with down payment assistance, estate planning, financial education workshops, and specialized programs like the Family Stability Program and Go Buffalo Mom for targeted populations. The product portfolio spans rental assistance, property management, homeownership support, financial education, and community development—serving over 15,000 low-income households annually through integrated service delivery.

Differentiator

Problem solved

Functional benefit

Brands

• Building Buffalo Roots: Partnership between the City of Buffalo, Erie County, and BENLIC to help eligible homebuyers secure new affordable homes.
• Building Cheektowaga Roots

Products and services

• Housing Choice Voucher Program (Section 8)

Quantifiable outcome

• Serves 15,000+ low-income households annually with comprehensive housing services
• +4 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core, secondary and primary.

• City of BuffalocoreStrategic or Co-development PartnerMunicipal partner for housing rehabilitation programs, lead hazard reduction, homeownership opportunities (Building Buffalo Roots), and vacant property redevelopment
• Erie CountycoreStrategic or Co-development PartnerCounty partner for community development, foreclosure prevention funding, and Building Buffalo Roots partnership
• Niagara CountycoreStrategic or Co-development PartnerCounty partner for Section 8 program administration and housing assistance services
• Town of AmherstsecondaryStrategic or Co-development PartnerMunicipal partner for community development programs and foreclosure prevention services
• Town of CheektowagasecondaryStrategic or Co-development PartnerMunicipal partner for community development and first-time homebuyer programs
• Town of HamburgsecondaryStrategic or Co-development PartnerMunicipal partner providing down payment assistance ($20,000 forgivable after 10 years) for first-time homebuyers
• WNY Law CentersecondaryImplementation/ SI/ Consulting PartnerLegal services partner providing free estate planning for eligible homeowners through referral program
• Legal Aid Bureau of BuffalosecondaryImplementation/ SI/ Consulting PartnerLegal services partner for free estate planning services for eligible homeowners
• Center for Elder Law & JusticesecondaryImplementation/ SI/ Consulting PartnerLegal services partner for free estate planning services for eligible homeowners
• Glenview Heights Development Partners (CB Emmanuel, ECMC)primaryStrategic or Co-development PartnerJoint development partnership for 304 affordable apartments and townhouses plus 21,500 sq.ft. commercial space at former Kensington Heights site
• Building Buffalo Roots PartnershipcoreStrategic or Co-development PartnerPartnership with City of Buffalo and Erie County to develop 52 new affordable homes for eligible homebuyers through lottery process
• Land Bank of BuffaloprimaryStrategic or Co-development PartnerPartnership for acquiring and redeveloping vacant properties for affordable homeownership

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Pennrose: Affordable housing developer and manager with a national portfolio of LIHTC and mixed-income properties. Comparable to Belmont's development-plus-management approach and similar reliance on state HCR allocations and municipal partnerships.
• WinnCompanies: Major affordable and mixed-income housing developer/manager with 100,000+ units across the U.S. Directly comparable property management operations serving LIHTC, Section 8, and project-based voucher portfolios, though at substantially larger scale.
• The Community Builders: Nonprofit affordable housing developer and property manager operating across the Midwest and East Coast. Comparable to Belmont's vertically integrated model combining LIHTC development with on-site property management of mixed-income communities.
• Beacon Communities: Nonprofit affordable housing developer and manager with a portfolio of 20,000+ apartments. Comparable in mission and operating model — combining LIHTC new construction, acquisitions, and third-party property management of affordable housing.
• BRIDGE Housing: Nonprofit affordable housing developer and manager focused on California and the Pacific Northwest. Comparable mission and operating model combining LIHTC development, property management, and resident services for low-income households.
• Preservation of Affordable Housing (POAH): Nonprofit preserving and operating affordable housing across 12 states with 12,000+ apartments. Comparable to Belmont's emphasis on managing existing affordable housing stock and complying with HUD/LIHTC program requirements.
• Mercy Housing: Nonprofit affordable housing organization developing and managing 50,000+ apartments across 40 states. Comparable as a faith-rooted nonprofit combining affordable housing development, supportive services, and property management — a broader-scale analog of Belmont's model.
• Cuyahoga Metropolitan Housing Authority: Large metropolitan housing authority administering Housing Choice Vouchers and operating public/affordable housing in Cleveland. Directly comparable as a regional PHA providing HCV administration, property management, and housing counseling at similar scale.

Others

• NeighborWorks America: National network of 240+ nonprofit housing counseling and development organizations. Comparable as Belmont's certification umbrella (NCHEC) and as a peer set of HUD-certified counseling agencies — Belmont is itself part of the NeighborWorks network through its counseling certifications.

Broad incumbents

• Enterprise Community Partners: National nonprofit housing and community development organization operating LIHTC, providing capital, and developing affordable housing nationwide. Comparable mission but at far larger scale and with national scope rather than Belmont's regional focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bhrwny
• Facebookfacebook.com/BHRWNY
• LinkedInlinkedin.com/company/belmont-housing-resources-for-wny-inc-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Belmont Housing Resources for WNY