Neighborhood Housing and Development Corporation

What Neighborhood Housing and Development Corporation does

Neighborhood Housing and Development Corporation (NHDC) is a 501(c)(3) nonprofit founded in 1982 and headquartered in Gainesville, Florida. The organization addresses affordable housing needs for low to moderate-income individuals and families across Alachua, Levy, Marion, Clay, and surrounding North Central Florida counties. Its service portfolio spans housing development (new construction and acquisition/rehabilitation of single-family homes meeting Energy Star and Florida Green Building Coalition standards), rental property management (39-40 units plus the 62-unit Deer Creek Senior Housing community for adults 62+), homebuyer education, foreclosure intervention counseling, USDA 502 loan packaging, and emergency rental/utility assistance (NHDC Cares).

NHDC's technology footprint is operational rather than software-driven. The organization builds energy-efficient homes with HERS Index Scores around 55, maintains a rental portfolio accepting Section 8 and VA vouchers, and delivers education through an eight-hour Home Buyer Education Seminar and a six-hour Financial Fitness course. Recent program additions include the SustainHome Academy (foreclosure prevention and post-purchase education launched October 2024) and the Save For Home Program (down payment matching up to $1,500, launched July 2024).

The revenue model is hybrid and typical of mission-driven housing nonprofits. Recurring rental income from owned properties provides a baseline, supplemented by one-time revenue from the sale of newly constructed or rehabilitated homes (over 300 built and sold since 1982), modest seminar fees ($50 per homebuyer education registration), and significant grant funding from HUD, USDA, NeighborWorks America, TD Charitable Foundation, county governments, and individual/corporate donations. Customer concentration is diffuse — NHDC serves individual households rather than enterprise accounts — and its defensibility rests heavily on regulatory certifications (HUD Housing Counseling Agency, Florida CHDO designation) and its 30-year chartered membership in the NeighborWorks America network of 240+ affiliates.

Name

Neighborhood Housing and Development Corporation

Legal name

Neighborhood Housing & Development Corporation

Website

https://gnhdc.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Neighborhood Housing and Development Corporation (NHDC) is a 501(c)(3) nonprofit founded in 1982 that builds, rehabilitates, and manages affordable housing for low to moderate-income households across North Central Florida, while providing homebuyer education, foreclosure counseling, and emergency rental assistance.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

New Housing For-Sale Builders (236117), Lessors of Residential Buildings and Dwellings (53111), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Operative Builders (1531), Real Estate Operators (No Developers) & Lessors (6510), Real Estate (6500)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Rural, Tribal & Special-Population Housing Programs (FSALAKAL)

Keywords

• Affordable housing development
• Homebuyer education
• Foreclosure intervention counseling
• Rental property management
• Housing counseling services

Headquarters

HQ city

Gainesville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Rental Income: NHDC maintains 39-40 rental properties across Alachua and Clay Counties. The organization accepts Section 8 and VA vouchers. Regular home inspections are performed. This provides recurring rental income stream.
2. Home Sales (New Construction and Rehabilitation): NHDC builds new homes and rehabilitates existing properties for sale to first-time homebuyers. Has constructed and sold over 300 single-family homes to date. Properties sold at affordable prices.
3. Donations and Grants: As a 501 C-3 nonprofit, NHDC receives donations from individuals, corporations, and participates in GivingTuesday. Receives government grants and special funding for programs including HUD funding and USDA partnerships.
4. Homebuyer Education Fees: Home Buyers Education Seminar requires $50 registration fee (fully refundable only upon home closing). Additional $7 for extra meal. $25 non-refundable re-take fee within 2 years.
5. Grant Funding Compliance: NHDC ensures compliance for grant agreements that provide special funding. NeighborWorks America provides technical assistance, professional development training, and financial support.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Neighborhood Housing and Development Corporation (NHDC) is a 501(c)(3) nonprofit that builds, rehabilitates, and sells affordable homes; maintains a portfolio of rental properties; and delivers HUD-certified housing counseling, homebuyer education, foreclosure intervention, and rental/utility assistance to low- and moderate-income households across North Central Florida.

Product overview

Neighborhood Housing and Development Corporation (NHDC) is a 501(c)(3) nonprofit housing organization offering a comprehensive portfolio of affordable housing programs and services. The organization operates as a unified service platform combining housing development (new construction and acquisition/rehabilitation), homeownership education (Home Buyer Education Seminar, Pre-Purchase Housing Counseling, Financial Fitness), and housing stability support (NHDC Cares, Mortgage Foreclosure Intervention, SustainHome Academy). NHDC also manages 40 rental properties, operates Deer Creek Senior Housing for adults 62+, and administers the Save For Home matching program and USDA 502 Loan Packaging. These services are interconnected: education programs prepare buyers for homeownership while development creates affordable inventory, and intervention programs help existing homeowners maintain stability.

Differentiator

Problem solved

Functional benefit

Brands

• SustainHome Academy: A comprehensive housing stability and education initiative by NHDC, focused on foreclosure prevention and transitional homelessness through the Foreclosure Intervention Matching Program and Post-Purchase Counseling & Education.
• NHDC Cares Program
• Deer Creek Senior Housing

Products and services

• Pre-Purchase Housing Counseling One-on-one sessions with certified HUD counselors to assess homebuyer readiness, develop action plans, and guide first-time homebuyers through the purchase process.
• Home Buyer Education Seminar Eight-hour seminar covering the entire home purchase process from mortgage financing to closing, fulfilling requirements for most down payment assistance programs.
• Housing Development - Acquisition and Rehabilitation Acquires and rehabilitates vacant residential properties using quality materials promoting energy efficiency for sale to first-time home buyers.
• Housing Development - New Construction Builds new homes on in-fill lots and in newly created residential subdivisions meeting Energy Star and FGBC Green Home standards with home warranties.
• Mortgage Foreclosure Intervention & Rental Eviction Counseling Free confidential counseling for homeowners facing financial hardship, offering loan modification assistance, legal advocacy, lender negotiations, budgeting strategies, and resource connections.
• Financial Fitness Program Six-hour interactive classroom course specializing in budgeting, credit repair, and basic money management.
• Rental Properties Program Maintains inventory of 40 residential rental properties in Alachua and Clay counties, accepting Section 8 and VA vouchers.
• Deer Creek Senior Housing Smoke-free, age-restricted (62+) affordable housing community with 62 one and two-bedroom units featuring fitness center, multipurpose room, and computer room.
• NHDC Cares Program Rental and utility assistance program in partnership with Marion and Alachua counties to prevent homelessness and promote housing stability for at-risk residents.
• Save For Home Program Down payment and closing cost savings matching program that matches up to $1,500 for eligible first-time homebuyers who complete the Home Buyer Education Course and are within one year of purchasing.
• 502 Loan Packaging (USDA) USDA Rural Development 502 Direct Loans with no down payment, interest rates as low as 1%, alternative credit analysis, and payment assistance based on household income.
• SustainHome Academy Comprehensive housing stability and education initiative providing foreclosure prevention counseling, post-purchase education including budgeting, credit repair, mortgage literacy, and estate planning workshops.

Quantifiable outcome

• Over 300 single family homes constructed and sold to first-time homebuyers since 1982
• +4 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Legal Service ProvidersminorStrategic or Co-development Partner · 1 October 2024SustainHome Academy partners with trusted legal service providers for legal advocacy as part of foreclosure intervention services to prevent displacement.
• Gainesville-Alachua County Association of RealtorsminorStrategic or Co-development Partner · 1 July 2024Partnership with Gainesville-Alachua County Association of Realtors for the Save For Home Program launching July 1, 2024, which matches up to $1,500 for eligible first-time homebuyers.
• NeighborWorks AmericacoreStrategic or Co-development Partner · 1 January 1995NHDC became a chartered member of NeighborWorks America (formerly Neighborhood Reinvestment Corporation) in 1995. NeighborWorks America is a Congressional chartered nonprofit based in Washington, D.C. that provides technical assistance, professional development training, and financial support to NHDC and its more than 240 affiliate organizations.
• USDA Rural DevelopmentcoreStrategic or Co-development PartnerThrough a new partnership with USDA Rural Development, NHDC offers Rural Housing 502 Direct Loans exclusively to eligible homebuyers in the service area. These are government-funded loans with no down payment required, interest rates as low as 1%, and payment assistance available.
• FAHE (Financial Alliance for Housing Excellence)coreStrategic or Co-development PartnerNHDC is backed by FAHE, a regional network of nonprofit housing providers that supports housing development and counseling services.
• Marion CountycoreStrategic or Co-development PartnerNHDC Cares, in partnership with Marion County, offers rental and utility assistance to help prevent homelessness for county residents who are homeless or at risk.
• Alachua CountycoreStrategic or Co-development PartnerNHDC Cares, in partnership with Alachua County, offers rental and utility assistance to help prevent homelessness for county residents who are homeless or at risk.
• Santa Fe CollegeminorStrategic or Co-development PartnerJourney to Homeownership Housing Seminars held at Santa Fe College Charles L. Blount Center. NHDC partners with Santa Fe College for community education and outreach events.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Enterprise Community Partners: A national nonprofit that invests in affordable housing development and connects developers to capital, policy and expertise; comparable at mission level but operates at much larger scale and is more capital-deployment focused than direct construction like NHDC.
• Local Initiatives Support Corporation (LISC): A national CDFI that finances and supports community development organizations including affordable housing developers; comparable to NHDC's grant and capacity-building ecosystem at national scale, though LISC operates through many intermediaries rather than directly building homes itself.

Direct peers

• Rural Community Assistance Corporation (RCAC): A nonprofit that supports rural affordable housing development and counseling through training, lending, and technical assistance to community-based organizations; directly comparable to NHDC's USDA 502 loan packaging and rural Florida service footprint.
• Mercy Housing: A national nonprofit affordable housing developer and operator that builds, owns, and manages rental and for-sale homes for low-income families and seniors; directly comparable mission, mixed financing toolkit (LIHTC, HUD, grants), and emphasis on resident services programming alongside physical development.
• BRIDGE Housing Corporation: A nonprofit that develops, owns and manages affordable rental and for-sale housing, particularly in California; comparable to NHDC as a mission-driven developer/operator combining affordable new construction, rental operations, and homeownership pathways.
• FAHE (Federation of Appalachian Housing Enterprises): A regional network of nonprofit housing providers that NHDC explicitly identifies as a backer; comparable as a peer CHDO support network offering shared services, capital, and counseling infrastructure to similar-sized local affordable housing nonprofits.
• Habitat for Humanity of Alachua County: A local Habitat for Humanity affiliate operating in the same Gainesville/Alachua County market that builds and rehabs affordable homes for low-income families and offers homebuyer education; directly comparable nonprofit CHDO-style model with similar new-construction mission and HUD-aligned financing partnerships.

Others

• Florida Housing Finance Corporation: Florida's state housing finance agency that allocates LIHTC, SAIL, and HOME funds to affordable housing developers including CHDOs like NHDC; comparable as a key capital and compliance counterparty whose funding decisions directly shape NHDC's development pipeline.
• NeighborWorks America: Congressional-chartered national network of 240+ affordable housing nonprofits of which NHDC is a chartered member; comparable as the umbrella funder/training body that channels capital, technical assistance and standards to NHDC and peer CHDOs.

Regional players

• Gainesville Housing Authority: The local public housing authority serving Gainesville and Alachua County with HUD-funded public housing and Section 8 voucher administration; comparable because it operates in the same service area, serves the same low-income renters (including the same Section 8 clients NHDC accepts), and shares the affordable housing policy ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/NHDC
• YouTubeyoutube.com/channel/UC9ATq2Ek9tFm5uBojuY_QCQ
• Facebookfacebook.com/NeighborhoodHousing
• Instagraminstagram.com/gainesvillenhdc
• LinkedInlinkedin.com/company/neighborhood-housing-and-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Neighborhood Housing and Development Corporation