Pawtucket Central Falls Development Corporation
Pawtucket Central Falls Development Corporation is a Rhode Island 501(c)(3) nonprofit that develops and manages 400+ affordable rental units and 100+ homeownership units in Pawtucket and Central Falls, serving low-to-moderate income families with HUD-certified homebuyer education and community revitalization programs.
- Company typePrivate
- Founded1990
- HeadquartersPawtucket, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Pawtucket Central Falls Development Corporation does
Pawtucket Central Falls Development Corporation (PCF Development) is a 501(c)(3) nonprofit community development corporation that creates and operates affordable housing in Pawtucket and Central Falls, Rhode Island. Founded in 1989–1990 and formed through the 2011 merger of Pawtucket Citizens Development Corporation with REACH, the organization has delivered more than 400 affordable rental units and over 100 homeownership units, investing $60 million+ into the local community over 35 years. Its core products are an Affordable Homeownership Program (new construction and rehabilitation of single- and two-family homes sold at federal affordable rates) and a Rental Housing Program (energy-efficient affordable rental units for low-to-moderate income families). Supporting offerings include HUD-Approved Pre-Purchase Homebuyer Education Classes ($99, 4-week course), a Landlord Workshop ($79, 3 hours), and a free Financial Fitness Workshop, all delivered bilingually in English and Spanish online and on-site.
PCF Development's underlying operational capability is rooted in residential construction, historic preservation rehabilitation, and neighborhood revitalization using Smart Growth principles, supported by a full-time Resident Services Coordinator and a small in-house construction team led by Director of Construction & Project Management Kim Pereira (since 1995) and Construction Superintendent Helder Ferreira (15+ years experience). The business model combines rental income from 400+ units, transaction revenue from affordable home sales, fees from HUD-certified education classes, tax-deductible donations, and grant funding from foundations and corporate charitable programs (notably TD Charitable Foundation, Washington Trust, and Bristol County Savings Charitable Foundation). Its go-to-market is community-led, relying on bilingual direct office services at 204 Broad Street, Pawtucket, recurring community workshops, partnerships with local financial institutions, and active participation in community planning initiatives including the Health Equity Zone (HEZ), Broad Street Regeneration Initiative, KeepSpace, and Healthy Places By Design.
Pawtucket Central Falls Development Corporation firmographics
Firmographics- Name
- Pawtucket Central Falls Development Corporation
- Legal name
- Pawtucket Central Falls Development Corporation
- Website
- https://pcfdevelopment.org
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pawtucket Central Falls Development Corporation is a Rhode Island 501(c)(3) nonprofit that develops and manages 400+ affordable rental units and 100+ homeownership units in Pawtucket and Central Falls, serving low-to-moderate income families with HUD-certified homebuyer education and community revitalization programs.
- Ownership category
- akta.pro rank
Pawtucket Central Falls Development Corporation industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Commercial and Institutional Building Construction (236220)
- SIC
- Real Estate Operators (No Developers) & Lessors (6510), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industry
- Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)
Keywords
Where Pawtucket Central Falls Development Corporation is headquartered
LocationHeadquarters
- HQ city
- Pawtucket
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pawtucket Central Falls Development Corporation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Rental Income: Revenue from renting more than 400 affordable rental units to low and moderate income families
- Home Sales: Sale of affordable single-family and two-family homes to qualifying buyers at federal affordable rates. PCF has supported over 100 homeownership units.
- Education and Workshop Fees: Fees for HUD-approved Pre-Purchase Homebuyer Education ($99), Landlord Workshop ($79), and free Financial Fitness Workshops
- Donations and Charitable Contributions: Tax-deductible donations from individuals and organizations supporting community development mission. PCF is a 501(c)(3) nonprofit organization.
- Grant Funding: Grant funding from foundations and corporate charitable programs, such as $175,000 from TD Bank's charitable arm for housing-related initiatives
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | HUD-Approved Pre-Purchase Homebuyer Education |
| One time/ perpetual license | Pay-as-you-go | Landlord Workshop |
| Freemium | Pay-as-you-go | Financial Fitness Workshop |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Pawtucket Central Falls Development Corporation product offering
Product offeringCore offering
PCF Development is a 501(c)(3) nonprofit community development corporation that builds, rehabilitates, and manages affordable rental housing and develops affordable homeownership opportunities in Pawtucket and Central Falls, Rhode Island. The organization also delivers HUD-approved pre-purchase homebuyer education classes, landlord training workshops, and free financial fitness workshops, complemented by resident services coordination and community revitalization initiatives including Health Equity Zone (HEZ) and Broad Street Regeneration.
Product overview
PCF Development operates as a community development nonprofit offering a unified portfolio of affordable housing products and services. The core offerings consist of two main programs: the Affordable Homeownership Program (which builds and sells single- and two-family homes at federal affordable rates) and the Rental Housing Program (which creates and manages 400+ affordable rental units). These are supported by educational services including HUD-Approved Pre-Purchase Homebuyer Education Classes, Landlord Workshop, and Financial Fitness Workshop, all offered through the organization's Classes program. Community Building and Resident Engagement Programs complement the housing focus by addressing neighborhood revitalization and resident well-being. Together, these products form an integrated approach to affordable housing development, combining direct housing provision with financial education and community empowerment.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Rental Housing Program PCF Development creates and manages safe, affordable rental units for low and moderate income families in Pawtucket and Central Falls, Rhode Island. Since 1990 the program has delivered more than 400 energy-efficient, high-quality rental units through new construction and historic preservation rehabilitation, with units assigned on a rotating basis through rental applications submitted to the management office at 204 Broad Street.
- Affordable Homeownership Program PCF Development builds, renovates, and sells affordable single-family and two-family homes in Pawtucket and Central Falls at federal affordable rates to qualifying buyers. The program has supported over 100 homeownership units for first-time homebuyers at 80% AMI or below.
- HUD-Approved Pre-Purchase Homebuyer Education Classes Four-week HUD-certified pre-purchase homebuyer education program priced at $99, covering credit management, household budgeting, and mortgage guidance with HUD-certified counselors. Each cohort serves over 100 families per year, and graduates receive a 2-year certificate accepted for down payment and closing cost assistance programs. Classes are offered online with evening, morning, and weekend options in English and Spanish.
- Landlord Workshop Three-hour Landlord Workshop priced at $79 covering Rhode Island landlord/tenant law, rental applications, lease agreements, and lead disclosures. Graduates receive a certificate valid for 2 years throughout Rhode Island.
- Financial Fitness Workshop Free one-hour workshop covering financial goals, budgeting, banking, fraud prevention, financial planning, and preparation for homeownership, delivered in English and Spanish to support community financial literacy.
- Community Building and Resident Engagement Programs PCF Development's full-time Resident Services Coordinator connects tenants to supportive services, working with families behind on rent and coordinating Thanksgiving food basket give-aways, toy drives, block parties, continuing education opportunities, and the annual Fall Fest and Toys for Tots event. The program includes active stakeholder participation in the Health Equity Zone (HEZ) initiative, Broad Street Regeneration Initiative, KeepSpace, and Healthy Places By Design, plus development of two public playgrounds/parks and a bike lane connecting four local schools to residential neighborhoods using Smart Growth principles.
Quantifiable outcome
- 400+ rental units and 100+ homeownership units created since 1990
- +4 more outcomes
Companies that use Pawtucket Central Falls Development Corporation
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles3 records
Pawtucket Central Falls Development Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Pawtucket Central Falls Development Corporation partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Beacon BankminorBeacon Bank and PCF Development co-host a free virtual first-time homebuyer workshop on April 8 at 5:30 p.m. as part of National Financial Literacy Month. The Zoom session covers topics including credit understanding, the homebuying process, and essential money skills, led by Beacon Bank mortgage specialists Stephanie Silva and Kathy Galipeau.
- Pawtucket Credit UnionminorPartnership with Pawtucket Credit Union and Federal Home Loan Bank to develop 15 units of rental housing in Pleasant View and Woodlawn
- Women's Development CorporationminorHistoric partnership to develop 18 units of rental housing in Woodlawn, known as Neighborhood Preservation Apartments
- Health Equity Zone (HEZ)corePCF Development is one of the longest-serving stakeholders in the Health Equity Zone (HEZ) initiative which aims to improve community health in Pawtucket and Central Falls
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Pawtucket Central Falls Development Corporation competitors and assessment
Company assessmentBroad incumbents
- NeighborWorks Network: National network of more than 250 community development nonprofits — many of which operate affordable housing development and homebuyer education programs structurally analogous to PCF Development's offerings at a national scale.
- Habitat for Humanity: A large nonprofit affordable housing organization primarily focused on building and selling affordable homes, with affiliate structure analogous to PCF Development's homeownership program; differs in being broader in geography and a national brand.
- Enterprise Community Partners: National nonprofit that develops and operates affordable rental housing, often in partnerships with local CDCs; an established parallel model to PCF's affordable rental pipeline across multiple states.
- LISC (Local Initiatives Support Corporation): National CDFI and intermediary that funds and supports local CDCs in affordable housing and community development — comparable to PCF in mission though operating as a funder/intermediary rather than direct developer.
Direct peers
- Preservation of Affordable Housing (POAH): Nonprofit acquirer, developer, and operator of affordable rental housing across multiple states — directly comparable to PCF's rental development and property management model at greater scale.
- Mercy Housing: Faith-based nonprofit that develops and operates affordable rental housing with integrated resident services — closely mirrors PCF's combination of housing development and resident services coordination.
- The NRP Group: For-profit developer, owner, and operator of affordable and mixed-income multifamily housing using LIHTC and related financing — same core development model as PCF, but for-profit and operating across multiple states.
- Pennrose: Developer and property manager of affordable and mixed-income rental housing utilizing LIHTC and public-private partnerships — same operating model as PCF at larger multi-state scale.
Regional players
- RIHousing: Rhode Island state housing finance agency that finances affordable housing statewide and partners with developers including PCF — a regional public-sector peer with overlapping borrower/partner relationship.
Others
- Beacon Bank: Rhode Island-based community bank that co-hosts homebuyer education workshops with PCF; comparable as a Rhode Island community financial institution with adjacent consumer financial literacy programming.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Pawtucket Central Falls Development Corporation social profiles
Digital presencePawtucket Central Falls Development Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pawtucket Central Falls Development Corporation leadership team
Management profileNumber of profiles
Profiles7 records
Pawtucket Central Falls Development Corporation funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pawtucket Central Falls Development Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pawtucket Central Falls Development Corporation
What does Pawtucket Central Falls Development Corporation do?
PCF Development is a 501(c)(3) nonprofit community development corporation that builds, rehabilitates, and manages affordable rental housing and develops affordable homeownership opportunities in Pawtucket and Central Falls, Rhode Island. The organization also delivers HUD-approved pre-purchase homebuyer education classes, landlord training workshops, and free financial fitness workshops, complemented by resident services coordination and community revitalization initiatives including Health Equity Zone (HEZ) and Broad Street Regeneration.
Is Pawtucket Central Falls Development Corporation a public or private company?
Pawtucket Central Falls Development Corporation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Pawtucket Central Falls Development Corporation founded?
Pawtucket Central Falls Development Corporation was founded in 1990. It employs 11 to 50 people.
Where is Pawtucket Central Falls Development Corporation based?
Pawtucket Central Falls Development Corporation is headquartered in Pawtucket, United States, in the North America region.
How does Pawtucket Central Falls Development Corporation make money?
Five revenue lines are on record. Rental Income is the primary driver. The others are home Sales, education and Workshop Fees, donations and Charitable Contributions and grant Funding.
Who are Pawtucket Central Falls Development Corporation's main competitors?
Broad incumbents on record are NeighborWorks Network, Habitat for Humanity, Enterprise Community Partners and LISC (Local Initiatives Support Corporation). Direct peers are Preservation of Affordable Housing (POAH), Mercy Housing, The NRP Group and Pennrose. RIHousing is listed as a regional player. Beacon Bank is listed as an others.
Does Pawtucket Central Falls Development Corporation have an API?
No public API is recorded for Pawtucket Central Falls Development Corporation.
What industry is Pawtucket Central Falls Development Corporation in?
Pawtucket Central Falls Development Corporation's product category is Affordable Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAJANAL, Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory. Its NAICS code is 236220 and its SIC code is 6510.