CommonBond Communities
CommonBond Communities is a 501(c)(3) nonprofit affordable housing provider operating 100+ communities and ~7,000 rental units across Minnesota, Wisconsin, Iowa, and South Dakota, delivering income-based housing plus wraparound services to low-income families, seniors, veterans, and individuals transitioning from homelessness.
- Company typePrivate
- Founded1971
- HeadquartersSaint Paul, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What CommonBond Communities does
CommonBond Communities is a 501(c)(3) nonprofit affordable housing provider headquartered in Saint Paul, Minnesota, founded in 1971 to create stable rental housing for low-income households. The organization operates nearly 7,000 rental apartments and townhomes across more than 60 cities and 100+ housing communities in Minnesota, Wisconsin, Iowa, and South Dakota. Rents are income-based, typically set at 30% of adjusted gross income under HUD guidelines, with average resident household incomes of $19,000–$35,000. CommonBond serves families, seniors (55+ and 62+ communities), veterans, individuals with disabilities, and people transitioning from homelessness, including through county Coordinated Entry system referrals in Hennepin, Ramsey, Anoka, and Washington Counties.
The organization's product set spans four interrelated lines: Affordable Housing (the core rental portfolio), Supportive Housing (intensive case management for residents facing complex barriers including mental health, substance abuse, or criminal background history), Advantage Services (wraparound programming covering Stability and Independence, Health and Wellness, Education and Advancement, and Community Building — including youth Study Buddies, Arts & Aging, and on-site wellness classes), and a Real Estate Division handling acquisition, development, financing, and construction management. The Real Estate Division generated $286 million in total development activity from $8.9 million in pre-development investment over five years, indicating substantial capital-leverage efficiency. Underlying technology consists of standard property management software, an online property finder at properties.commonbond.org, and a resident resource portal at commonbond.findhelp.com; no proprietary technology platform is disclosed.
CommonBond's revenue model blends four streams: (1) rental income from the ~7,000-unit portfolio, (2) government grants and tax credits from HUD, Minnesota Housing, and Minnesota Legislature appropriations, (3) donations and charitable contributions from individuals, corporations, and foundations, and (4) impact investments from financial institutions and corporations. Its Framing the Future capital campaign raised over $85.5 million, exceeding its $65 million goal. Recent major inflows include a $3.8M HUD Green Resilient Retrofit award, a $3M Old National investment, a $2M Allina Health impact investment, $9.1M in Minnesota State Housing Tax Credits from multiple banks, and $153M in 2026 Minnesota legislative appropriations ($13M supportive housing + $40M FHPAP + $100M Housing Infrastructure Bonds). In 2026 the organization announced a restructuring in which The Community Builders will assume property management for roughly half of the portfolio while CommonBond retains ownership and Advantage Services. Leadership: Deidre Schmidt has served as President and CEO since 2015.
CommonBond Communities firmographics
Firmographics- Name
- CommonBond Communities
- Legal name
- CommonBond Communities
- Website
- https://commonbond.org
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- CommonBond Communities is a 501(c)(3) nonprofit affordable housing provider operating 100+ communities and ~7,000 rental units across Minnesota, Wisconsin, Iowa, and South Dakota, delivering income-based housing plus wraparound services to low-income families, seniors, veterans, and individuals transitioning from homelessness.
- Ownership category
- akta.pro rank
CommonBond Communities industry classification
Industry- Product category
- Affordable Housing Services
- NAICS
- Other Residential Care Facilities (623990), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)
- SIC
- Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industry
- Active Adult (55+) Independent Living Communities (HLADAAAD)
Keywords
Where CommonBond Communities is headquartered
LocationHeadquarters
- HQ city
- Saint Paul
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
CommonBond Communities business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Rental Income: Rental payments from residents in nearly 7,000 apartments and townhomes across Minnesota, Wisconsin, Iowa, and South Dakota. Rent is income-based and subsidized through Section 8 and other programs.
- Government Grants and Funding: Funding from HUD, Minnesota Legislature, state housing tax credits, Housing Infrastructure Bonds, and federal programs. Recent wins include $13M for supportive housing, $40M for FHPAP rental assistance, and $100M in Housing Infrastructure Bonds.
- Donations and Charitable Contributions: Tax-deductible donations from individuals, corporations, and foundations through the Framing the Future campaign and ongoing fundraising efforts. The campaign raised over $85 million.
- Corporate and Foundation Investments: Impact investments from organizations like Allina Health ($2M), Old National ($3M over 4 years), and Minnesota State Housing Tax Credit contributions from various financial institutions totaling $9.1M.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-Based Rental Housing |
| Other | Monthly | Donation Options |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
CommonBond Communities product offering
Product offeringCore offering
CommonBond Communities develops, owns, and manages affordable rental apartments and townhomes for low-income individuals, families, seniors, and veterans across Minnesota, Wisconsin, Iowa, and South Dakota. The organization operates nearly 7,000 housing units in over 100 communities across 60 cities, and provides wraparound Advantage Services (stability, health, education, and community-building programs) to residents, including specialized supportive housing for those exiting homelessness.
Product overview
CommonBond Communities operates as a single, unified nonprofit housing platform offering affordable rental housing and supportive services across Minnesota, Wisconsin, Iowa, and South Dakota. The organization's core portfolio consists of Affordable Housing (stable, affordable apartments and townhomes), Supportive Housing (permanent supportive housing with intensive case management for those exiting homelessness), Advantage Services (wraparound services including youth programs, Arts & Aging, Health & Wellness, and community building), and Real Estate Development (acquisition, development, and property management). The company manages housing communities across more than 60 cities and provides life-enhancing services to residents through its Advantage Services program model.
Differentiator
Problem solved
Functional benefit
Brands
- Advantage Services: Wraparound services that equip residents of all ages – including children, families, veterans, and older adults – to reach their goals and thrive. Focuses on Stability & Independence, Education & Advancement, Health & Wellness, and Community Building & Engagement.
- Supportive Housing
- Real Estate Division
- Youth & Teen Programming
- Arts & Aging
- Health & Wellness
Quantifiable outcome
- 90% of households maintained stable housing for one year or more in 2024
- +4 more outcomes
Companies that use CommonBond Communities
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles3 records
CommonBond Communities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CommonBond Communities partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- The Community Builders (TCB)coreThe Community Builders will begin providing property management services to about half of CommonBond's portfolio beginning in 2026. TCB is a mission-driven nonprofit with property management systems and infrastructure supporting 12,000 homes nationally. CommonBond will continue to provide Advantage Services.
- Harken Development PartnersminorCommonBond's Harken development at Highland Bridge in St. Paul includes partners: Aspen Blue, Cinnaire, City of Saint Paul, First American Title, Frana Companies, Greater Minnesota Housing Fund, Mahoney, Minnesota Equity Fund, Ramsey County, Saint Paul Public Housing Authority, UrbanWorks Architecture, Winthrop & Weinstine.
- DGS UnitedcoreDGS United is a nonprofit supporting Minnesota United FC's charitable efforts. CommonBond has been the primary beneficiary of DGS's United Cards for Good program since 2023, raising over $7,000 in 2025. Partners host community soccer clinics and events for CommonBond residents.
- Bishop's Creek CDCminorCollaboration to preserve Glenbrook Apartments in Milwaukee, Wisconsin, revitalizing 72 large apartment homes for families.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
CommonBond Communities competitors and assessment
Company assessmentDirect peers
- BRIDGE Housing: California-based nonprofit affordable housing developer with 8,000+ units. Comparable as a regional nonprofit affordable housing provider combining real estate development with resident services.
- Mercy Housing: National nonprofit affordable housing developer and operator with 90,000+ residents served. Closely comparable mission, mixed-finance development model, HUD partnership, and resident services orientation.
- Beacon Communities: Nonprofit affordable housing developer with 7,500+ apartments and a focus on resident services. Directly comparable in scale, mission, and housing-plus-services model.
- Aeon: Minneapolis-based nonprofit affordable housing provider operating 2,800+ units across Minnesota. Directly comparable as a regional nonprofit affordable housing developer with similar wraparound resident services and income-based rent model.
- National Church Residences: Nonprofit providing affordable senior housing and services across 25 states. Comparable as a faith-rooted affordable housing nonprofit with mixed senior and family properties.
- The Community Builders (TCB): National nonprofit affordable housing developer operating 12,000+ homes; now CommonBond's property management partner for roughly half the portfolio. Most directly comparable in operating model and target population.
- Preservation of Affordable Housing (POAH): National nonprofit that preserves and operates affordable rental housing with 12,000+ units across 11 states. Comparable as a nonprofit affordable housing operator focused on both preservation and resident services.
Broad incumbents
- Enterprise Community Partners: National nonprofit affordable housing leader with $80B+ in development activity, combining capital deployment, development, and policy advocacy. Comparable as a larger-scale nonprofit housing platform with broader programmatic scope.
- Volunteers of America: National nonprofit providing affordable housing, supportive services, and human services across 46 states. Comparable supportive housing and senior services portfolio though much broader mission.
Regional players
- Hearth Connection: Minnesota-based nonprofit working on housing stability and supportive housing for people experiencing homelessness. Comparable as a regional nonprofit peer in the Minnesota supportive housing ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CommonBond Communities social profiles
Digital presenceCommonBond Communities compliance and trust
Trust signalCompliance4 records
CommonBond Communities financial estimates
Financial estimateRevenue estimate
Valuation estimate
CommonBond Communities leadership team
Management profileNumber of profiles
Profiles10 records
CommonBond Communities funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CommonBond Communities 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 CommonBond Communities
What does CommonBond Communities do?
CommonBond Communities develops, owns, and manages affordable rental apartments and townhomes for low-income individuals, families, seniors, and veterans across Minnesota, Wisconsin, Iowa, and South Dakota. The organization operates nearly 7,000 housing units in over 100 communities across 60 cities, and provides wraparound Advantage Services (stability, health, education, and community-building programs) to residents, including specialized supportive housing for those exiting homelessness.
Is CommonBond Communities a public or private company?
CommonBond Communities is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CommonBond Communities founded?
CommonBond Communities was founded in 1971. It employs 251 to 500 people.
Where is CommonBond Communities based?
CommonBond Communities is headquartered in Saint Paul, United States, in the North America region.
How does CommonBond Communities make money?
Four revenue lines are on record. Rental Income is the primary driver. The others are government Grants and Funding, donations and Charitable Contributions and corporate and Foundation Investments.
Who are CommonBond Communities's main competitors?
Direct peers on record are BRIDGE Housing, Mercy Housing, Beacon Communities, Aeon, National Church Residences, The Community Builders (TCB) and Preservation of Affordable Housing (POAH). Broad incumbents are Enterprise Community Partners and Volunteers of America. Hearth Connection is listed as a regional player.
Does CommonBond Communities have an API?
No public API is recorded for CommonBond Communities.
What industry is CommonBond Communities in?
CommonBond Communities's product category is Affordable Housing Services. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of HLADAAAD, Active Adult (55+) Independent Living Communities. Its NAICS code is 623990 and its SIC code is 6513.