Name

Eminent Development

Legal name

Eminent Development Corporation

Website

https://eminentdc.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH)

Keywords

• Affordable housing development
• Mixed-density housing
• Sustainable building
• Community development
• Low-income housing

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Affordable housing development sales and leases: Develops and operates affordable multi-family and mixed-density rental housing (e.g., Park Lofts 44 units; Ellis Potter 54 age-restricted units + 11 townhomes), generating revenue through apartment and townhome leases.
2. Grant and philanthropic funding: Receives capacity-building grants such as the 2024 Community First® Diverse Developer Initiative award from the Federal Home Loan Bank of Chicago (part of a $3+ million pool supporting 62 fellowships/internships across Illinois and Wisconsin) to support fellowships, internships, and development work.
3. Federal tax credit financed development: Utilizes federal Low-Income Housing Tax Credits (LIHTC) to finance affordable multi-unit apartment developments, a mechanism honed during founder Julian Walters' prior tenure at Commonwealth Development Corporation.

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

Eminent Development Corporation (EDC) develops and operates affordable and mixed-density multi-family housing in Madison, Wisconsin, financed through federal Low-Income Housing Tax Credits (LIHTC), government RFPs, and philanthropic grants. The company is currently delivering two flagship projects: Park Lofts, a 100% affordable 44-unit mid-rise won via a City of Madison RFP, and Ellis Potter Apartments, a 65-unit mixed-density co-development with Horizon Development Company that includes an on-site Community Service Facility hosting non-profit service providers.

Product overview

Eminent Development Corporation (EDC) is a single-company real estate development firm — not a software platform with modules — whose product offering is a portfolio of affordable, sustainable housing development projects delivered under one corporate brand. Its two flagship development projects are Park Lofts, a 100% affordable 44-unit mid-rise apartment community in Madison, WI, and Ellis Potter Apartments, a mixed-density project with a 54-unit age-restricted building and eleven 3-bedroom townhomes developed jointly with Horizon Development Company. Complementing these developments, EDC operates two community-focused programs: Ju-Ju's Block Party, an annual neighborhood event in Madison, and the Just Win Scholarship, an annual $2,000 scholarship for a Madison-area graduating senior. Together, the housing projects and community programs form the company's integrated offering of real estate development plus philanthropic community engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Park Lofts A 100% affordable 44-unit mid-rise apartment development in Madison, WI, comprising studio, one-bedroom, and two-bedroom units for individuals and families with younger children. Amenities include an on-site leasing office, community room, supportive service provider office, fitness center, child play room, 20 underground parking stalls, free in-unit Wi-Fi, and an elevator, with high-efficiency furnaces, U-value windows, LED lighting, and Energy Star appliances.
• Ellis Potter Apartments A mixed-density housing development co-developed with Horizon Development Company, comprising a 54-unit age-restricted apartment complex (with clubroom, fitness center, and leasing office), eleven 3-bedroom townhomes for working families, and a 1,700 SF Community Service Facility that hosts Community Action Coalition (employment and income-stability services) and End Times Ministries (community-based faith services) for residents and the public.

Quantifiable outcome

• Recipient of 2024 Community First® Diverse Developer Initiative funding (part of $3+ million pool supporting 62 fellowships/internships across IL & WI)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• City of MadisoncoreStrategic or Co-development Partner · 1 September 2023Issued a youth-centered housing RFP in September 2023 which Eminent Development Corporation won to develop Park Lofts — a 100% affordable 44-unit mid-rise development with studio, one-, and two-bedroom units serving individuals and families with younger children. Includes an on-site leasing office, community room, supportive service provider office, fitness center, child play room, underground parking, and free in-unit Wi-Fi.
• Horizon Development CompanycoreStrategic or Co-development PartnerCo-developer with Eminent Development Corporation on the Ellis Potter Apartments mixed-density project. The collaboration combines Horizon's experience with EDC's community-development expertise to deliver a 54-unit age-restricted apartment complex plus 11 three-bedroom townhomes and a 1,700 SF Community Service Facility open to the public.
• Community Action CoalitionsupportingImplementation/ SI/ Consulting PartnerHosts regular employment and income-stability support services from the on-site 1,700 SF Community Service Facility at Ellis Potter Apartments. Services are open to the public and help address holistic community needs alongside residents.
• End Times MinistriessupportingImplementation/ SI/ Consulting PartnerProvides community-based faith services from the on-site Community Service Facility at Ellis Potter Apartments. Co-location alongside Community Action Coalition reflects EDC's model of integrating supportive services within affordable housing.
• Commonwealth Development CorporationsupportingStrategic or Co-development PartnerFounder Julian Walters previously worked at Commonwealth Development Corporation — a nationally recognized leader in the affordable housing space that specializes in utilizing federal tax credits to build multi-unit apartments — prior to founding EDC. Expertise in federal LIHTC financing was developed through this prior relationship.
• Urban League of Greater MadisonsupportingImplementation/ SI/ Consulting PartnerPrior to founding EDC, Julian Walters served as Manager of the Homebuyers 2.0 Program through the Urban League of Greater Madison — a program that successfully invested $5 million into Dane County selling newly renovated homes to Black families. The Urban League remains a community-ecosystem connection referenced in EDC's story.
• Foster of Dane CountysupportingOthersFounder Julian Walters volunteers with his mother Jacquelyn Hunt's non-profit Foster of Dane County to provide food to local neighbors in need. Cited as part of EDC's community-roots identity rather than a commercial partnership.
• NehemiahsupportingOthersDuring the holidays, Julian Walters volunteers with Nehemiah to distribute holiday meal baskets to local families. Community/philanthropic relationship aligned with EDC's mission of community uplift.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• L+M Development Partners: Major East Coast affordable and mixed-income housing developer using LIHTC and public-private partnerships; comparable on affordable multifamily product and on integration of community-serving amenities, with a far larger portfolio.
• The NRP Group: Large national affordable and market-rate multifamily developer with deep LIHTC experience; comparable on product type (LIHTC multifamily) and financing mechanism, but operates at materially greater scale and geographic breadth than EDC.
• BRIDGE Housing: West Coast-focused nonprofit affordable housing developer; directly comparable on LIHTC-financed multifamily development and on-site supportive services integration, but at a much larger scale and concentrated on California.
• WinnCompanies: National affordable and market-rate housing developer and property manager with significant LIHTC and HUD-assisted portfolio; comparable on affordable multifamily development plus ongoing property management, but at a much larger, geographically diversified scale.
• The Community Builders: National nonprofit developer of mixed-income and affordable housing, often combining LIHTC with on-site supportive services; comparable on product, mission-driven model, and service integration, but operates across many more states at a much larger scale.
• Enterprise Community Partners: National nonprofit developer and LIHTC investor that develops affordable and mixed-income housing; a broad incumbent in the same product category and financing stack, with substantially more scale, capital, and policy influence than EDC.

Direct peers

• CommonWealth Development Corporation: Madison, WI-based affordable housing developer that specializes in using federal Low-Income Housing Tax Credits (LIHTC) to build multi-unit apartments; founder Julian Walters previously worked at CommonWealth, so the firm is the most direct lineage peer and operates the same LIHTC-driven affordable housing model in the same geography.
• Gorman & Company: Oregon/Wisconsin-headquartered developer of affordable, mixed-income, and historic-rehabilitation housing; operates a LIHTC-financed development pipeline overlapping EDC's product, financing structure, and Midwest footprint.
• McCormack Baron Salazar: Mission-driven affordable and mixed-income housing developer that combines LIHTC-financed multifamily with on-site community services; the closest direct peer in terms of integrating supportive services into affordable developments and serving similar low-income resident segments.
• Horizon Development Company: Co-developer with EDC on the Ellis Potter Apartments mixed-density project; a Wisconsin-based affordable and mixed-income housing developer that combines market-rate and affordable units, making it directly comparable on product type, geography, and development model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/p/Eminent-Development-Corporation-61578962005280
• LinkedInlinkedin.com/company/eminent-development-corporation
• Instagraminstagram.com/eminentdevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Eminent Development