What HACE does

HACE (Hispanic Association of Contractors & Enterprises), operating as HACE CDC, is a Philadelphia-based nonprofit 501(c)(3) community development corporation founded in 1982 to revitalize Eastern North Philadelphia's Fairhill and St. Hugh neighborhoods. Its geographic focus is bounded by Lehigh Avenue to the south, the Amtrak rail line to the north, 6th Street to the west, and B Street to the east, encompassing the historic El Centro de Oro Latino commercial corridor. The organization delivers an integrated stack of services across five functional areas: affordable housing development and property management (via the HACE Management Company subsidiary, established 1997, which manages 406 units across eight properties including Casa Indiana, Casa Caribe, Caribe Towers, Somerset Villas, Villas del Caribe, Villas de HACE, and Lehigh Park I/II); HUD-certified housing counseling and the Credit Academy program; the Neighborhood Energy Center providing LIHEAP, CRISIS, PECO CAP, and weatherization intake; community engagement via the Neighborhood Advisory Committee, Livability Academy, and Registered Community Organization status; and commercial corridor revitalization through the Main Street Program.

HACE's technology and product surface is operationally simple: no proprietary software platform, no AI, no digital distribution — services are delivered through bilingual staff at walk-in offices (167 W. Allegheny Avenue Suite 200, 4907 Frankford Avenue, and 2708-10 N. 5th Street) and through property-based intake at its managed buildings. The Good Lands Trust, a wholly-owned subsidiary community land trust, adds a permanent-affordability homeownership vertical where CLT homes are reportedly ten times less likely to fall into foreclosure than conventional purchases.

HACE's revenue model is a nonprofit grant-and-fee hybrid. Capital and program funding flows from a diversified base of public and philanthropic sources including Wells Fargo Regional Foundation, DCNR, FHLBank Pittsburgh/New York, Rebuild Philadelphia, the Philadelphia Beverage Tax, PA DCED, PHFA, HUD, the City of Philadelphia (DHCD, Commerce, Managing Director's Office), Philadelphia LISC, the William Penn Foundation, and the Philadelphia Foundation. Recurring operating revenue is generated through property management fees from the 406-unit affordable housing portfolio and ~68,700 sq ft of commercial space, plus program fees where applicable. Most resident-facing services (housing counseling, Credit Academy, energy assistance) are free to qualifying low- and moderate-income households, with pricing determined by HUD/PHFA income limits rather than market tiers. HACE has leveraged $110,527,816 in cumulative public and private investments since 2016 and has developed 450+ affordable units, preserved 77, and greened 485+ vacant lots across its service area.

Name

HACE

Legal name

HACE (Hispanic Association of Contractors & Enterprises)

Website

https://hacecdc.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

HACE is a 1982-founded Philadelphia nonprofit community development corporation that develops and manages affordable housing, delivers HUD-certified housing counseling, energy assistance, and the Credit Academy, and runs the Main Street Program across Eastern North Philadelphia's Fairhill and St. Hugh neighborhoods for low- and moderate-income Latino residents and small businesses.

Ownership category

akta.pro rank

Product category

Community Development & Affordable Housing Services

NAICS

Residential Property Managers (531311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Services to Buildings and Dwellings (5617)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Senior & Assisted Living Residential Property Management (BPAJAFAE), Mixed-Use Community Association Management (BPAJAHAF)

Keywords

• Community development services
• Affordable housing development
• Housing counseling
• Community revitalization
• Property management

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Grant Funding & Philanthropic Revenue: HACE operates primarily as a nonprofit community development corporation funded through grants and donations from foundations, government bodies, and private sector partners. Funding sources include: Wells Fargo Regional Foundation ($750,000 over five years for Good Lands 2025 Plan), DCNR ($500,000 grant for Gurney Street Trail), Philadelphia Foundation, PA Department of Community & Economic Development, and others. Federal Tax ID: 23-2141723.
2. Property Management Fees: HACE Management Company (HMC), established in 1997, manages 406 units of affordable housing and approximately 68,700 square feet of commercial space. Revenue is generated through property management fees from the affordable rental housing portfolio, including properties such as Villas del Caribe (81 units), Casa Caribe (53 units), Caribe Towers (57 units), Somerset Villas (99 units), Villas de HACE (24 units), Lehigh Park I (27 units), Lehigh Park II (47 units), and Casa Indiana (50 units).
3. Housing Counseling & Social Service Program Revenue: HACE's HUD-certified Housing Counseling Program serves as a one-stop-shop for housing services including pre-purchase counseling, foreclosure prevention, credit repair, tenant counseling, and utility assistance. While many services are provided free to low- and moderate-income clients, the program generates revenue through fees for certain services and attracts grant funding from HUD, PHFA, and the City of Philadelphia Division of Housing and Community Development.
4. Real Estate Development Impact Fees & Tax Credit Proceeds: HACE develops affordable housing using Low-Income Housing Tax Credits (LIHTC) through the Pennsylvania Housing Finance Agency. Revenue is generated through tax credit equity from investors (e.g., National Equity Fund), public-private investment leverage, and development fees. Since completion of the Good Lands Neighborhood Plan in 2016, HACE and its partners have leveraged $110,527,816 in new public and private investments.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

HACE is a nonprofit community development corporation that develops and manages affordable rental housing (406 units across 8 properties plus 68,700 sq ft of commercial space through HACE Management Company), delivers HUD-certified housing counseling and credit repair (Credit Academy), provides utility and energy assistance, and runs commercial corridor revitalization (Main Street Program) and community engagement programs (NAC, Livability Academy, Network of Care). Core revenue-generating activities include Low-Income Housing Tax Credit development, property management fees, and grant-funded housing counseling and social services for low- and moderate-income residents and small businesses in Eastern North Philadelphia's Fairhill and St. Hugh neighborhoods.

Product overview

HACE offers a comprehensive suite of community development services organized around five core areas: (1) Affordable Rental Housing managed through HACE Management Company covering 406 units across multiple properties; (2) Housing Counseling including pre-purchase counseling, foreclosure prevention, and the Credit Academy credit repair program; (3) Neighborhood Services including the Neighborhood Energy Center, Main Street Program, and Corridor Cleaning Program; (4) Community Engagement through the Neighborhood Advisory Committee, Livability Academy, and Network of Care for seniors; and (5) Real Estate Development including housing projects (Villas del Caribe, Casa Caribe, Caribe Towers, Somerset Villas, Casa Indiana, Beacon House), commercial developments (American Street Food Distribution Center, HACE Business and Visitors Center), and open recreational spaces (Gurney Street Trail, El Centro de Oro Streetscape). The organization also operates the Good Lands Trust community land trust. These programs work synergistically to provide affordable housing, economic development, and community services to Eastern North Philadelphia residents.

Differentiator

Problem solved

Functional benefit

Brands

• Good Lands Trust: A Pennsylvania nonprofit 501(c)(3) community land trust formed by HACE to build healthy, economically diverse neighborhoods by promoting affordable homeownership for low and moderate-income households.
• Credit Academy
• HACE Management Company (HMC)
• Livability Academy
• Housing Counseling Program
• Registered Community Organization (RCO)
• Main Street Program

Products and services

• Housing Counseling Program Comprehensive HUD-certified housing counseling program (certified by HUD since 2005, NeighborWorks nationally certified, PHFA HEMAP certified) serving low- and moderate-income households with pre-purchase counseling, foreclosure prevention, tenant counseling, fair housing education, and energy assistance referrals. Free services provided through bilingual staff at HACE's Main Office (167 W. Allegheny Avenue, Suite 200) and Frankford Avenue office (4907 Frankford Avenue).
• Credit Academy

Quantifiable outcome

• Over $110 million in public and private investment leveraged since 2016 for neighborhood revitalization
• +8 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered major, supporting and core.

• ConrailmajorStrategic or Co-development PartnerConrail partnered with HACE on the Gurney Street Trail project, which runs adjacent to the Conrail viaduct between B Street and A Street along Gurney Street. HACE and Conrail collaborated on a massive $5+ million cleanup effort in summer 2017 and ongoing maintenance of the trail area, transforming a former drug-plagued railyard into a safe neighborhood amenity.
• Taller PuertorriqueñosupportingStrategic or Co-development PartnerHACE collaborated with Taller Puertorriqueño on the People's Budget 101 workshop in Fairhill in April 2025 and provided development consulting services for the construction of the El Corazón Cultural Arts Center at 2600-2625 N. Fifth Street — a 25,000 sq. ft. facility for Philadelphia's leading Latino arts and cultural organization.
• Prevention Point PhiladelphiacoreStrategic or Co-development PartnerPrevention Point Philadelphia operates the Beacon House Respite Center, a 60-slot facility rehabilitated by HACE in partnership with the City of Philadelphia's Office of Homeless Services. The center provides temporary housing, medical services, and substance abuse treatment transition support for homeless persons suffering from substance abuse disorder.
• Rebuilding Together PhiladelphiasupportingStrategic or Co-development PartnerHACE partners with Rebuilding Together Philadelphia for Summer Block Build events, bringing together over 100 volunteers to make health and safety improvements to homes in the Fairhill neighborhood. The Kensington Community Resilience Fund supported a planting project with Team NAS and the Mann Older Adult Center's Gardening Club.
• People's Budget OfficesupportingStrategic or Co-development PartnerHACE collaborated with the People's Budget Office, Latino Equitable Development Collective, and HERE 4 Climate Justice Coalition to host a People's Budget 101 workshop at Taller Puertorriqueño on April 23rd, inviting community members to learn about the City budget process and identify funding priorities.
• Smart Growth AmericasupportingStrategic or Co-development PartnerHACE's Director of Quality of Life & Community, Ramon Cruz Jr., participated as a panelist in Smart Growth America's Equity Summit in Washington D.C. on Reconnecting Communities and Community Engagement, positioning HACE as a thought leader in equitable community development.
• Trust for Public LandsmajorStrategic or Co-development PartnerIn partnership with Trust for Public Lands, HACE leveraged private and public funds for capital improvements to Jose Manuel Collazo Playground, including a water park, handball and basketball courts, new playground equipment, rain gardens, seating, and fencing. Community engagement was led by HACE.
• Energy Coordinating AgencysupportingOthersThe Energy Coordinating Agency supports HACE's Neighborhood Energy Center program, which has been providing energy conservation and utility assistance services to low-income households since 2010.
• ConrailmajorStrategic or Co-development PartnerConrail is a key partner in HACE's Gurney Street Trail initiative. The $5+ million cleanup of the Conrail-adjacent area in summer 2017 was a collaborative effort between HACE, Conrail, the Managing Director's Office, and other City agencies. HACE continues to work with Conrail to maintain and transform areas surrounding the viaduct.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• People's Emergency Center (PEC): Philadelphia nonprofit providing housing and supportive services for women and families experiencing homelessness. Comparable to HACE in affordable housing development plus social services integration and Philadelphia community development focus, though with different target population.
• ACHIEVEability: Philadelphia-based nonprofit working to break the cycle of poverty through housing, education, and supportive services. Comparable to HACE's integrated housing plus social services model serving low-income families, with similar LIHTC-financed affordable housing development in Philadelphia.
• Rebuilding Together Philadelphia: Philadelphia nonprofit providing critical home repairs and accessibility modifications for low-income homeowners. Direct HACE partner (Summer Block Build events) operating in overlapping Fairhill service area with similar neighborhood revitalization and volunteer engagement model.
• Habitat for Humanity Philadelphia: Philadelphia affiliate of national affordable homeownership nonprofit developing affordable housing for low-income families. Comparable to HACE's housing counseling, first-time homebuyer support, and homeownership development work, though focused exclusively on homeownership rather than rental housing.
• Project HOME: Philadelphia nonprofit addressing homelessness and poverty through permanent supportive housing, comprehensive services, and community development. Comparable to HACE's affordable housing development and supportive services integration, though focused more on chronically homeless populations across multiple Philadelphia neighborhoods.
• New Kensington Community Development Corporation (NKCDC): Philadelphia-based CDC focused on affordable housing, economic development, and community planning in the Kensington neighborhood. Directly comparable to HACE in mission, geographic focus on a specific Philadelphia neighborhood, integrated triple-bottom-line model, and reliance on similar public/private funding streams.

Regional players

• Philadelphia Housing Authority (PHA): Public housing authority providing affordable housing to over 80,000 Philadelphia residents through public housing and voucher programs. PHA is a key HACE partner (Project Based Vouchers at Villas del Caribe, Rental Demonstration Program at Lehigh Park) and operates in the same affordable housing space with different ownership/financing structures.

Broad incumbents

• Mission First Housing Group: Mid-Atlantic affordable housing nonprofit developer and property manager with portfolio spanning multiple states and thousands of units. Comparable to HACE Management Company's affordable housing development and management model, though at significantly larger regional scale.
• Beacon Communities: National nonprofit affordable housing developer with a portfolio of over 16,000 units across multiple states. Comparable to HACE in affordable housing development, LIHTC-financed projects, and integrated property management approach, though at much larger scale.
• The NHP Foundation: National nonprofit affordable housing developer and operator with senior and multifamily housing portfolio. Comparable to HACE's senior housing focus (Casa Indiana, Casa Caribe, Caribe Towers) and affordable rental property management approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/hace_livability
• Xx.com/hacecdc
• LinkedInlinkedin.com/company/hace-management-co

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 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 HACE