Homes for America
Homes for America is a 501(c)(3) nonprofit founded in 1994 that develops, owns, and manages affordable rental housing for low-income families, seniors, and persons with disabilities across Maryland, Pennsylvania, Virginia, and Delaware, with an active portfolio of approximately 5,000 units.
- Company typePrivate
- Founded1994
- HeadquartersAnnapolis, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Homes for America does
Homes for America is a nonprofit 501(c)(3) affordable housing development corporation headquartered in Annapolis, Maryland, founded in 1994 by Nancy Rase and Trudy McFall. The organization develops and preserves affordable rental housing for low-income families, seniors, persons with disabilities, and special needs populations across a four-state mid-Atlantic region (Maryland, Pennsylvania, Virginia, and Delaware). Over its 30-year operating history, Homes for America has developed more than 80 rental communities totaling over 6,700 homes and currently maintains an active stabilized portfolio of approximately 5,000 units.
Operations are organized into three integrated service lines: Development (new construction, adaptive reuse, and renovation financed through complex mechanisms including 9% and 4% Low-Income Housing Tax Credits and federal programs such as HOME, CDBG, HUD 202 and 811, USDA, and Capital Magnet Fund), Portfolio Management (fiscal stewardship, property maintenance, refinancing and repositioning of stabilized assets, and environmental sustainability initiatives), and Service Enhanced Housing (a resident-centered model providing health, wellness, nutrition, education, financial assistance, and community engagement programming). The organization holds CORES Certification from SAHF, placing it among only 52 organizations nationwide recognized for resident services capability, and has received more than 50 national, state, regional, and local awards.
The business model is nonprofit and mission-driven, with revenue derived from rental operations across the owned portfolio, developer fees on new construction, refinancing and repositioning gains, government program allocations (LIHTC equity, HOME, CDBG, state rental programs), and tax-deductible philanthropic donations. More than 60% of communities have been developed in joint venture with for-profit developers, religious organizations, other nonprofits, and public housing authorities. The organization is governed by a Board of Directors and led by President & CEO Dana Johnson, with a small staff (11-50 employees) that has shepherded cumulative total development costs exceeding $500 million historically.
Homes for America firmographics
Firmographics- Name
- Homes for America
- Legal name
- Homes for America, Inc.
- Website
- https://homesforamerica.org
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Homes for America is a 501(c)(3) nonprofit founded in 1994 that develops, owns, and manages affordable rental housing for low-income families, seniors, and persons with disabilities across Maryland, Pennsylvania, Virginia, and Delaware, with an active portfolio of approximately 5,000 units.
- Ownership category
- akta.pro rank
Homes for America industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Residential Building Construction (2361), Residential Building Construction (23611), Other Community Housing Services (624229)
- SIC
- Operators Of Apartment Buildings (6513), 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
- Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Housing Rehabilitation, Weatherization & Home Repair Grant/Loan Programs (FSALAKAJ), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)
Keywords
Where Homes for America is headquartered
LocationHeadquarters
- HQ city
- Annapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Homes for America business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others, Marketing or Sales
Revenue model
- Housing Development & Preservation: As a nonprofit housing development corporation, Homes for America generates revenue through developing and preserving affordable rental housing. Income is derived from rental operations, refinancing, and repositioning of portfolio properties, with financing supported by tax credits, bond financing, and government programs.
- Donations and Philanthropic Support: As a 501(c)(3) nonprofit, Homes for America accepts tax-deductible donations from individuals, organizations, and businesses to support resident services programs, community enhancement initiatives, and development projects.
- Resident Services Programming: Revenue supports resident services coordination including health & wellness, nutrition, financial assistance, eviction prevention, community connectivity, and social/recreational programs. Funded through community funds allocation and grant pursuit.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Homes for America product offering
Product offeringCore offering
Homes for America is a nonprofit housing development corporation that develops and preserves affordable rental housing across the mid-Atlantic region. The organization delivers three integrated service lines: Development of new construction, adaptive reuse, and renovation of affordable rental housing using complex financing tools (LIHTC tax credits, HOME, CDBG, HUD 202/811, USDA programs); Portfolio Management stewardship of owned communities; and Service Enhanced Housing programs providing resident-centered services including health & wellness, nutrition, education, financial assistance, and community connectivity.
Product overview
Homes for America operates as a nonprofit affordable housing development corporation offering three integrated service lines: Development (new construction, adaptive reuse, and renovation of affordable rental housing using complex financing mechanisms including tax credits and federal/state programs), Portfolio Management (stewardship of the community portfolio including financial oversight, physical property maintenance, and sustainability initiatives), and Service Enhanced Housing (resident-centered programs providing health, wellness, nutrition, education, financial assistance, and community services). The company has developed over 80 communities with more than 6,500 apartments across a quad-state region (Maryland, Delaware, Pennsylvania, Virginia), holds CORES Certification for resident engagement excellence, and serves diverse populations including families, seniors, persons with disabilities, and special needs individuals. The company also accepts donations through PayPal to support resident services programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Development Expert development and preservation of affordable rental housing through new construction, adaptive reuse, and in-place renovations. Utilizes complex financing tools including 9% and 4% tax credits, Federal programs (HOME, CDBG, HUD 202 and 811, USDA, Capital Magnet Fund), and state/local loan programs. Target customers include low-income families, seniors, persons with disabilities, and special needs populations.
- Portfolio Management Comprehensive stewardship of affordable housing communities encompassing fiscal health monitoring, physical property oversight, refinancing and repositioning strategies, annual audits, risk analysis, occupancy monitoring, and environmental sustainability initiatives. Provided for owned and managed rental communities serving families, seniors, and special needs populations.
- Service Enhanced Housing Holistic resident-centered approach providing programs and services including health & wellness, nutritional services, social/recreational activities, education, financial assistance, safety/security, computer access centers, community connectivity, and green initiatives. Designed to enhance residents' lives and support economic mobility beyond shelter.
- Affordable Rental Communities Portfolio of over 80 developed communities with more than 6,500 apartments across Delaware, Maryland, Pennsylvania, and Virginia, serving families, seniors, persons with disabilities and special needs populations. Communities include properties such as Elizabeth Cornish Landing, Laurel Commons, Berger Square, Chase House, City Arts, and Darby House. Current active portfolio of approximately 5,000 units.
Quantifiable outcome
- Developed over 80 communities with more than 6,500 apartments; current portfolio of approximately 5,000 units
- +2 more outcomes
Companies that use Homes for America
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
Homes for America technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Homes for America partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Questar PropertiescoreJoint venture partnership with Maryland Department of Transportation selected development team to advance transit-oriented development at Odenton MARC Station. The project will transform a parking lot into a mixed-use community with housing, retail, and public spaces.
- United WaycorePartnership with United Way to establish the Darby House Fire Recovery Fund following a fire that displaced 127 residents at Darby House Senior Apartments. The fund received a $50,000 donation from an anonymous donor.
- Ecumenical Partners (Religious Organizations)majorCollaborations with diverse range of religious organizations and faith-based groups to create inclusive communities reflecting values of compassion, unity, and diversity.
- For-Profit DevelopersmajorJoint venture partnerships with for-profit developers who share commitment to social responsibility. These collaborations harness strengths of nonprofit and for-profit entities to ensure financial viability while maintaining dedication to mission.
- Nonprofit Partner OrganizationsmajorPartnerships with other nonprofit organizations possessing compelling missions who may require additional expertise and financial support. Homes for America serves as managing partner ensuring communities meet highest standards and align with mission.
- Housing AuthoritiesmajorCollaborations with public housing authorities to address needs of vulnerable populations. HFA's development expertise combined with local insights of housing authorities results in well-planned communities serving unique resident needs.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Homes for America competitors and assessment
Company assessmentDirect peers
- AHC Inc. Mid-Atlantic nonprofit affordable housing developer headquartered in Arlington, VA, serving low-income families, seniors, and individuals with disabilities in Virginia and Maryland. Direct operational overlap with HFA in geographies served and populations targeted.
- National Church Residences: Nonprofit developer and operator of affordable senior housing and services nationwide using LIHTC, HUD 202, and RAD financing. Closely comparable to HFA's senior housing focus (Bay Forest, Glen Forest, Darby House) and Service Enhanced Housing approach.
- Wesley Housing: Nonprofit affordable housing developer operating in the mid-Atlantic/DMV region, providing rental housing and supportive services to low-income families, seniors, and individuals with disabilities. HFA's board chair is the retired President/CEO of Wesley Housing, signaling direct organizational overlap in mission and geography.
- Preservation of Affordable Housing (POAH): National nonprofit that develops and preserves affordable rental housing using LIHTC and HUD financing, with a strong resident services component (similar to HFA's Service Enhanced Housing model). Directly comparable in mission, financing tools, and operating approach.
- Beacon Communities: Nonprofit affordable housing developer that develops, owns, and manages rental communities for families and seniors across multiple states using LIHTC and HUD financing. Comparable in scale (8,000+ units) and product type to HFA.
- Pennrose, LLC: Mid-Atlantic headquartered multifamily developer with strong affordable and mixed-income housing practice across the East Coast, including LIHTC-financed communities for families and seniors. Closely comparable to HFA in financing toolkit (LIHTC, HUD programs) and regional presence.
- Enterprise Homes, Inc. Mid-Atlantic nonprofit affordable housing developer and owner-operator with overlapping LIHTC financing structure, mixed-income rental communities, and resident services programs. HFA's board secretary previously served as Enterprise Homes' President & CEO, indicating a closely comparable operating model in Maryland.
Broad incumbents
- The NRP Group: Larger national multifamily developer with a substantial affordable and mixed-income housing pipeline, including LIHTC-financed communities in the mid-Atlantic. Comparable in product type but broader in geographic scope and capital base than HFA's nonprofit model.
- The Michaels Organization: Large national developer/owner/manager of affordable and market-rate rental housing with deep LIHTC expertise and significant mid-Atlantic presence. Broader portfolio and for-profit orientation than HFA but directly comparable product and financing structure.
Others
- Cinnaire: Nonprofit LIHTC syndicator and development lender for affordable housing, with HFA board representation. Ecosystem partner rather than direct competitor, but comparable mission focus on affordable rental development financing in the mid-Atlantic.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Homes for America social profiles
Digital presenceHomes for America compliance and trust
Trust signalCompliance1 record
Homes for America financial estimates
Financial estimateRevenue estimate
Valuation estimate
Homes for America leadership team
Management profileNumber of profiles
Profiles15 records
Homes for America funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Homes for America 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 Homes for America
What does Homes for America do?
Homes for America is a nonprofit housing development corporation that develops and preserves affordable rental housing across the mid-Atlantic region. The organization delivers three integrated service lines: Development of new construction, adaptive reuse, and renovation of affordable rental housing using complex financing tools (LIHTC tax credits, HOME, CDBG, HUD 202/811, USDA programs); Portfolio Management stewardship of owned communities; and Service Enhanced Housing programs providing resident-centered services including health & wellness, nutrition, education, financial assistance, and community connectivity.
Is Homes for America a public or private company?
Homes for America is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Homes for America founded?
Homes for America was founded in 1994. It employs 11 to 50 people.
Where is Homes for America based?
Homes for America is headquartered in Annapolis, United States, in the North America region.
How does Homes for America make money?
Three revenue lines are on record. Housing Development & Preservation is the primary driver. The others are donations and Philanthropic Support and resident Services Programming.
Who are Homes for America's main competitors?
Direct peers on record are AHC Inc., National Church Residences, Wesley Housing, Preservation of Affordable Housing (POAH), Beacon Communities, Pennrose, LLC and Enterprise Homes, Inc.. Broad incumbents are The NRP Group and The Michaels Organization. Cinnaire is listed as an others.
Does Homes for America have an API?
No public API is recorded for Homes for America.
What industry is Homes for America in?
Homes for America's product category is Affordable Housing Development. Its primary akta.pro industry code is IMAFABAI, Residential Affordable Housing Development & Construction, with a secondary code of FSALAKAO, Community Development & Neighborhood Revitalization Housing Programs. Its NAICS code is 2361 and its SIC code is 6513.