Housing Trust Group
Housing Trust Group is a privately held, vertically integrated developer of affordable and market-rate multifamily housing with over 6,000 units across five states, specializing in Low-Income Housing Tax Credit-financed communities for low-to-moderate income families, seniors, and veterans.
- Company typePrivate
- Founded1980
- HeadquartersCoconut Creek, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Housing Trust Group does
Housing Trust Group (HTG) is a privately held, vertically integrated real estate developer specializing in affordable and multifamily residential communities across Florida, the Southeastern United States, Texas, Illinois, and Arizona. Founded in 1980 by Randy Rieger and now led by his son Matthew Rieger as President and CEO, the company has developed more than 6,000 housing units with cumulative real estate transactions exceeding $4 billion. Its portfolio is predominantly affordable housing financed through Low-Income Housing Tax Credits (LIHTC), with properties reserved for households earning between 22% and 80% of Area Median Income, supplemented by a market-rate luxury brand (Aviva) in Arizona and senior and veteran housing specialty projects.
HTG's product surface is the physical housing community rather than a software platform; core competencies center on LIHTC syndication and structuring, mixed-income and mixed-use site planning (e.g., Max's Landing's integration of 11,388 square feet of ground-floor retail), and National Green Building Standards-certified construction. Vertically integrated functions include site acquisition, entitlement, development, construction oversight (EVP Bert Del Valle has overseen $1.4B+ in projects), asset management across 42 properties (SVP Jorge Livermore), and ongoing property management (EVP Lorena Gomez). The company maintains a recurring co-development partnership with AM Affordable Housing (founded by NBA Hall of Famer Alonzo Mourning) on multiple senior affordable projects.
Revenue mechanics combine one-time development fees, construction management fees on LIHTC-stacked financing packages (typically $20–$50M per project), and recurring rental income from owned and managed properties. Affordable units rent on income-based AMI tiers (typical rents $393–$1,875 per month depending on property and AMI band), while market-rate Aviva units command $1,699–$2,399 monthly. The customer base spans individual income-qualifying renters, seniors aged 55+, veterans and active-duty military, and a small set of institutional/government counterparties including housing finance authorities, municipalities, and LIHTC syndicators.
Housing Trust Group firmographics
Firmographics- Name
- Housing Trust Group
- Legal name
- Housing Trust Group
- Website
- https://htgf.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Housing Trust Group is a privately held, vertically integrated developer of affordable and market-rate multifamily housing with over 6,000 units across five states, specializing in Low-Income Housing Tax Credit-financed communities for low-to-moderate income families, seniors, and veterans.
- Ownership category
- akta.pro rank
Housing Trust Group industry classification
Industry- Product category
- Affordable Multifamily Housing Development
- NAICS
- Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Senior & Assisted Living Residential Property Management (BPAJAFAE)
Keywords
Where Housing Trust Group is headquartered
LocationHeadquarters
- HQ city
- Coconut Creek
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Housing Trust Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Affordable Housing Development and Management: HTG develops, builds and manages affordable multifamily residential communities. Revenue comes from development fees, construction management, and ongoing property management of LIHTC-financed properties. Properties charge rents scaled to Area Median Income (AMI) thresholds (typically 30-80% AMI).
- Market-Rate Housing: HTG develops and manages market-rate multifamily communities, such as Aviva in Arizona, charging market-rate rents to residents.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Inn Town Lofts - Income-based affordable rents |
| Subscription | Monthly | Villa Jordana - Senior affordable housing |
| Subscription | Monthly | Max's Landing - Income-qualified affordable housing |
| Subscription | Monthly | The Rushmore - Mixed-income housing |
| Subscription | Monthly | Flagler Station - Affordable apartments |
| Subscription | Monthly | Aviva Goodyear - Luxury market-rate |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Housing Trust Group product offering
Product offeringCore offering
Housing Trust Group is a vertically integrated full-service developer that develops, builds, and manages multifamily residential communities, with a primary focus on affordable housing financed through Low-Income Housing Tax Credit (LIHTC) structures and complemented by workforce, mixed-income, and market-rate developments. The company handles the entire lifecycle from site acquisition and financing through construction, leasing, and ongoing property management, serving income-qualifying residents earning 30-80% of area median income as well as market-rate renters.
Product overview
Housing Trust Group (HTG) is an award-winning full-service developer of multifamily residential communities operating across Florida, the Southeastern United States, Texas, Illinois, and Arizona. The company specializes in developing, building, and managing a diverse portfolio of affordable housing, workforce housing, market-rate housing, and mixed-income and mixed-use developments. HTG's product portfolio includes market-rate luxury communities under the Aviva brand (Mesa and Goodyear in Arizona), and numerous affordable housing communities across multiple states targeting residents earning 30-80% of area median income. The company has developed over 4,000 units of multi-family housing with transactions exceeding $4 billion, and operates both affordable housing communities and market-rate properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Aviva – Mesa A 325-unit luxury multifamily community in Mesa, Arizona offering one, two, and three-bedroom apartments with quartz countertops, Energy Star appliances, plank flooring, infinity pools, fitness center, and outdoor kitchen amenities, targeted at market-rate renters.
- Aviva – Goodyear
Quantifiable outcome
- 610 affordable apartments delivered in 2021 alone
- +3 more outcomes
Companies that use Housing Trust Group
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Housing Trust Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Housing Trust Group partnerships and signals
Strategic signalScale indicators13 records
Recent moves8 records
Expansion highlights5 records
Housing Trust Group competitors and assessment
Company assessmentBroad incumbents
- The Related Companies: National, large-scale real estate developer with significant affordable housing exposure alongside luxury and commercial development. Comparable to HTG as a broad multifamily developer with affordable housing capabilities but operating at much greater scale and across more asset classes.
Direct peers
- RangeWater Real Estate: Southeast U.S.-focused multifamily developer and operator of market-rate and workforce housing. Comparable to HTG as a multifamily developer expanding across the Southeast and Sun Belt states with a mix of affordable and market-rate product.
- The Related Group: South Florida-based developer of luxury, affordable, and mixed-income multifamily communities. Closest comparable to HTG by geography (Miami focus), product mix (affordable + market-rate), and scale, with a similarly large South Florida pipeline.
- LDG Development: National LIHTC-focused multifamily developer specializing in affordable and mixed-income communities. Comparable to HTG in affordable housing focus, LIHTC structuring expertise, and project scale.
- Pennrose: Vertically integrated developer, owner, and manager of affordable and mixed-income multifamily housing across the U.S. Comparable to HTG in business model (full-service LIHTC developer with property management arm) and target resident segments.
- Dominium: One of the largest U.S. developers, owners, and managers of affordable housing, with deep LIHTC expertise and national footprint. Directly comparable to HTG as a LIHTC-focused affordable housing developer-operator.
- NRP Group: National developer of affordable, market-rate, and mixed-income multifamily housing. Closely comparable to HTG in LIHTC-driven affordable housing model, geographic diversification, and vertically integrated development-plus-management operations.
- AM Affordable Housing: Miami-based nonprofit affordable housing developer co-founded by Alonzo Mourning and HTG's partner on multiple projects. Comparable as a Florida-focused affordable housing developer targeting similar AMI levels and populations.
Emerging players
- LMC (Lennar Multifamily Communities): Multifamily developer operating across the Sun Belt with a market-rate and workforce housing focus. Comparable to HTG in the market-rate component of HTG's portfolio (e.g., the Aviva brand) and overlapping Sun Belt geographies.
Others
- WNC & Associates: National LIHTC syndicator and affordable housing investor. Comparable to HTG not as a competitor but as a counterparty — WNC is one of the types of institutional syndicators that HTG structures LIHTC equity through on its developments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Housing Trust Group social profiles
Digital presenceHousing Trust Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Housing Trust Group leadership team
Management profileNumber of profiles
Profiles9 records
Housing Trust Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Housing Trust Group M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Housing Trust Group
What does Housing Trust Group do?
Housing Trust Group is a vertically integrated full-service developer that develops, builds, and manages multifamily residential communities, with a primary focus on affordable housing financed through Low-Income Housing Tax Credit (LIHTC) structures and complemented by workforce, mixed-income, and market-rate developments. The company handles the entire lifecycle from site acquisition and financing through construction, leasing, and ongoing property management, serving income-qualifying residents earning 30-80% of area median income as well as market-rate renters.
Is Housing Trust Group a public or private company?
Housing Trust Group is a private company. It is classified as family owned and is currently operating.
When was Housing Trust Group founded?
Housing Trust Group was founded in 1980. It employs 51 to 100 people.
Where is Housing Trust Group based?
Housing Trust Group is headquartered in Coconut Creek, United States, in the North America region.
How does Housing Trust Group make money?
Two revenue lines are on record. Affordable Housing Development and Management is the primary driver. The others are market-Rate Housing.
Who are Housing Trust Group's main competitors?
The Related Companies is listed as a broad incumbent. Direct peers are RangeWater Real Estate, The Related Group, LDG Development, Pennrose, Dominium, NRP Group and AM Affordable Housing. LMC (Lennar Multifamily Communities) is listed as an emerging player. WNC & Associates is listed as an others.
Does Housing Trust Group have an API?
No public API is recorded for Housing Trust Group.
What industry is Housing Trust Group in?
Housing Trust Group's product category is Affordable Multifamily Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of HLADAAAG, Independent Living Real Estate Owners/Operators (REITs & Management Companies). Its NAICS code is 531311 and its SIC code is 6513.