Wesley Housing

What Wesley Housing does

Wesley Housing Development Corporation is a 501(c)(3) nonprofit affordable housing developer founded in 1974 and headquartered in Alexandria, Virginia. The organization develops, owns, and operates rental housing communities serving low- and moderate-income families, older adults on fixed incomes, individuals with disabilities, and homeless individuals across Virginia and Washington, DC, primarily at 30%-80% of Area Median Income. Following its 2025 merger with Virginia United Methodist Housing Development Corporation, Wesley Housing owns more than 3,000 units and serves approximately 5,300 residents annually across 22 or more properties, with a development pipeline of additional communities including Beacon Landing, Kindred Crossing, Holmead Apartments, and the Melwood-Wesley Inclusive Community.

The organization operates a vertically integrated model: Wesley Property Management Company, Inc. (a wholly owned subsidiary since 1988) handles leasing and operations, while Wesley Housing itself manages real estate development from acquisition through stabilization. Beyond housing, the organization runs nine Community Resource Centers and four Supportive Services Centers delivering eviction prevention, career enhancement, family programming, summer enrichment (QUEST Summer Camp), and other resident services — including the award-winning Housing Stability Initiative (HSI), which has earned CORES certification from Stewards of Affordable Housing for the Future. Financing is sourced from federal and state Low Income Housing Tax Credits, HUD programs (including Section 202 and PRAC vouchers), the DC Housing Production Trust Fund, the Virginia Housing Development Authority, local government rental assistance such as Fairfax County project-based vouchers, and Freddie Mac permanent mortgage financing.

Revenue is generated through four primary streams: rental income from owned affordable units (tiered by AMI level), government subsidies and tax credit syndication proceeds, philanthropic donations and corporate sponsorships (from partners including TD Charitable Foundation, Capital One, Truist, Morgan Stanley, Amazon, and Dominion Energy), and property management fees. The business is governed by a community board and led by President and CEO Kamilah McAfee, who succeeded Shelley Murphy in 2023. The organization is recognized as a Top 50 Affordable Housing Developer nationally and is a three-time HAND Nonprofit Developer of the Year (2022, 2017, 2006).

Name

Wesley Housing

Legal name

Wesley Housing Development Corporation

Website

https://wesleyhousing.org

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

51–100 employees

Short description

Wesley Housing is a 501(c)(3) nonprofit affordable housing developer founded in 1974, owning 3,000+ rental units across Virginia and Washington, DC for low- and moderate-income families, older adults, and individuals with disabilities, supplemented by on-site resident services and community resource centers.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Other Community Housing Services (624229), Community Housing Services (62422), Services for the Elderly and Persons with Disabilities (62412), Other Residential Care Facilities (6239)

SIC

Operators Of Apartment Buildings (6513), Services-Social Services (8300), Real Estate (6500)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Community Centers & Neighborhood Support Services (BPAGAEAL), Senior Living & Assisted Living Facility Construction (IMAFACAJ)

Keywords

• Affordable housing development
• Resident services programs
• Supportive housing
• Affordable rental housing
• Community development

Headquarters

HQ city

Alexandria

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Rental Income: Affordable rental income from owned housing units serving low- and moderate-income residents at various AMI levels (30%-80%).
2. Government Subsidies and Tax Credits: Funding from federal and local Low Income Housing Tax Credits (LIHTC), DC Housing Production Trust Fund, rental assistance through Local Rent Supplement Program (LRSP), HUD Section 202 funding, and various federal and state housing programs.
3. Philanthropic Donations: Financial support from individual donors, corporate partners, and foundations supporting programs and services for residents.
4. Property Management Services: Wesley Property Management Company manages owned and operated affordable housing communities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Wesley Housing is a nonprofit developer, owner, and operator of affordable rental housing serving low- and moderate-income families, older adults, individuals with disabilities, and homeless individuals across Virginia and Washington DC. The organization develops, owns, and manages multi-family affordable housing communities and delivers on-site resident services such as the Housing Stability Initiative, Family Programs, Summer Camp, and Holiday Help through Community Resource Centers and Supportive Services Centers.

Product overview

Wesley Housing is a nonprofit affordable housing developer offering a portfolio of rental housing properties and comprehensive resident services. The organization operates owned affordable housing communities across Virginia and Washington DC, with properties under development. Services are delivered through Community Resource Centers and Supportive Services Centers at properties, including programs for housing stability, family support, youth enrichment, and senior/disability services. Key service programs include the Housing Stability Initiative (HSI), QUEST Summer Camp, Operation Kicks & 'Fits back-to-school program, and Holiday Help.

Differentiator

Problem solved

Functional benefit

Products and services

• Owned Affordable Rental Properties

Quantifiable outcome

• 35,000+ individuals helped since 1974
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and key.

• The Lamb CentercoreStrategic or Co-development Partner · 1 January 2025Nonprofit homeless services provider partnering with Wesley Housing to redevelop the Hy-Way Motel site into Beacon Landing, the largest permanent supportive housing development in Northern Virginia with 54 units and an employment center.
• First Christian Church of Falls ChurchcoreStrategic or Co-development PartnerPartner providing 2.9 acres of underutilized church-owned land for Kindred Crossing development; includes co-location of Culmore Clinic.
• Culmore CliniccoreStrategic or Co-development PartnerNonprofit healthcare provider co-locating approximately 5,000 sq. ft. of clinic space at Kindred Crossing, providing low-cost healthcare to uninsured Fairfax County residents.
• HarkinscoreOthersConstruction partner and sponsor for development projects and summer camp programs.
• S.L. Nusbaum Realty Co.coreChannel Partner/ Reseller/ DistributorProperty management company contracted to manage the One Hawaii community.
• George Mason UniversitykeyStrategic or Co-development PartnerGraduate-level social work programs providing interns and a Bonner Fellow to support resident services, contributing 4,000+ hours of service.
• Virginia Commonwealth UniversitykeyStrategic or Co-development PartnerGraduate-level social work programs providing interns to support Wesley Housing's resident services work.
• Fordham UniversitykeyStrategic or Co-development PartnerNew institutional partnership expanding intern cohort to support resident services programming.
• Northern Virginia Community CollegekeyStrategic or Co-development PartnerEducational partner providing workforce development and educational opportunities for residents.
• Virginia TechkeyStrategic or Co-development PartnerEducational partner supporting resident programming and workforce development.
• INOVA Health SystemkeyStrategic or Co-development PartnerHealthcare partner providing health screenings, health education, and wellness programming for residents.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Enterprise Community Partners: National nonprofit affordable housing developer and CDFI that develops, owns, and operates rental housing for low-income families and seniors using LIHTC, HUD, and philanthropic capital — directly comparable in mission, financing toolkit, and resident-services overlay to Wesley Housing.
• The Community Builders: Nonprofit developer and property manager of mixed-income housing across the Mid-Atlantic and nationally; overlapping leadership alumni (Jacqueline West-Spencer's prior role) and direct overlap on LIHTC/Section 202 developments serving families and seniors in DC/VA.
• Preservation of Affordable Housing (POAH): Nonprofit that acquires, preserves, and develops affordable rental housing for low-income families and seniors, with deep LIHTC and HUD program expertise and a service-rich operating model that closely mirrors Wesley's resident-services approach.
• National Housing Trust: Mid-Atlantic-focused nonprofit affordable housing developer (DC/MD/VA) that develops, owns, and operates LIHTC and HUD-financed rental housing with supportive services — the closest geographic and programmatic analog to Wesley.
• BRIDGE Housing Corporation: West Coast-based nonprofit affordable housing developer with a comparable dual mission of affordable rental development and supportive resident services, similar scale, and a similar LIHTC + public-finance capital stack.
• HDC MidAtlantic: Nonprofit affordable housing developer serving the mid-Atlantic (including Virginia, DC, Maryland, Pennsylvania); operates supportive services alongside housing and competes for the same LIHTC awards.
• Mission First Housing Group: Nonprofit affordable housing developer specializing in supportive housing for people experiencing homelessness, veterans, and individuals with disabilities — directly comparable to Wesley's Beacon Landing and PSH developments.

Broad incumbents

• Volunteers of America (VOA): Large national nonprofit that develops and operates affordable and supportive housing across many states, providing housing plus a much broader human services portfolio — overlaps with Wesley on housing-for-vulnerable-populations.
• Habitat for Humanity International: Global nonprofit affordable housing provider working through local affiliates; significantly broader and more for-sale/ownership focused than Wesley but operates in the same capital-constrained affordable housing ecosystem and competes for donor funding.

Regional players

• Fahe (Federation of Appalachian Housing Enterprises): Nonprofit CDFI and affordable housing network serving Appalachian and rural Virginia — comparable in LIHTC/rural-housing mission and relevant as Wesley expands into southern/southwest Virginia post-VUMHDC merger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/WesleyHousing
• Facebookfacebook.com/WesleyHousing
• LinkedInlinkedin.com/company/wesley-housing

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

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 Wesley Housing