Providence Community Housing
Providence Community Housing is a New Orleans-based 501c3 nonprofit that develops, preserves, and manages affordable rental housing for low-income seniors, individuals, and families across the Greater New Orleans area.
- Company typePrivate
- Founded2006
- HeadquartersNew Orleans, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Providence Community Housing does
Providence Community Housing is a 501c3 nonprofit affordable housing developer and property manager founded in 2006 in the wake of Hurricane Katrina to rebuild multi-family senior housing in the Greater New Orleans area. The organization acquires, develops, and manages affordable rental properties serving low-income seniors (62+), low-income individuals and families, and a niche population of low-to-moderate income artists and cultural workers. It controls an operating portfolio of 21 properties with 2,451 senior rental units, a cumulative development history of 3,350 homes and apartments, and an additional 950 units currently in development, representing a $330M+ portfolio across the Greater New Orleans region.
Revenue is generated through four primary streams: rental income from affordable housing properties (tenants pay approximately 30% of adjusted monthly income, with HUD Project-based Section 8 vouchers covering the remainder), government subsidies and tax credits (LIHTC, federal and state historic tax credits, HOME, CDBG, PRIME-3), philanthropy via GiveNOLA Day and regional foundations, and development and construction services delivered in partnership with municipalities and housing authorities. The organization's underlying technology is conventional real estate development and property management — no proprietary software, AI systems, or digital platform is evident; the differentiator is regulatory fluency in LIHTC syndication and HUD programs, and a tightly woven partnership network spanning HANO, Enterprise Community Partners, NeighborWorks America, Louisiana Housing Corporation, and major regional lenders.
Providence Community Housing firmographics
Firmographics- Name
- Providence Community Housing
- Legal name
- Providence Community Housing
- Website
- https://providencecommunityhousing.org
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Providence Community Housing is a New Orleans-based 501c3 nonprofit that develops, preserves, and manages affordable rental housing for low-income seniors, individuals, and families across the Greater New Orleans area.
- Ownership category
- akta.pro rank
Providence Community Housing industry classification
Industry- Product category
- Affordable Housing Development and Property Management
- NAICS
- Other Community Housing Services (624229), Other Residential Care Facilities (623990)
- SIC
- Operators Of Apartment Buildings (6513), Services-Social Services (8300)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)
Keywords
Where Providence Community Housing is headquartered
LocationHeadquarters
- HQ city
- New Orleans
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Providence Community Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Others
Revenue model
- Rental Income: Rental income from affordable housing properties. Residents pay approximately 30% of their adjusted monthly income, with HUD Project-based Section 8 vouchers covering the remainder.
- Government Subsidies and Tax Credits: Low-Income Housing Tax Credits (LIHTC), federal and state historic tax credits, HOME funds, CDBG, and other government subsidies for affordable housing development.
- Philanthropy and Donations: Donations through GiveNOLA Day and other fundraising activities to support resident services and community programs.
- Development and Construction Services: Real estate development services for new construction and rehabilitation of affordable housing properties in partnership with municipalities and housing authorities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-Based Affordable Housing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Providence Community Housing product offering
Product offeringCore offering
Providence Community Housing is a 501c3 nonprofit that develops, preserves, and manages affordable rental housing for low-income seniors, individuals, and families in the Greater New Orleans area. The organization operates 21 affordable housing properties containing approximately 2,451 senior rental units, provides on-site service coordination and case management to residents, and runs homeownership assistance programs. Revenue is generated through tenant rents (approximately 30% of adjusted income), Project-Based Section 8 vouchers, government subsidies and tax credits (LIHTC, HOME, CDBG, historic credits), and philanthropic donations.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Senior Housing Rental Rental housing for very low and low-income seniors aged 62 and older (55+ at Mater Dolorosa), priced at approximately 30% of adjusted monthly income with HUD Project-Based Section 8 vouchers covering the remainder. Includes on-site service coordinators connecting residents to healthcare, nutrition, transportation, and community-based supports. Properties include Annunciation Inn, Christopher Inn, Delille Inn, Mater Dolorosa, Nazareth Inn I & II, St. Ann Square, St. John Berchmans Manor, St. Martin House, St. Martin's Manor, Villa St. Maurice, Metairie Manor, Metairie III, Metairie IV, Place Dubourg, Rouquette Lodge, Rouquette III, Rouquette IV, St. Bernard Manor, St. Teresa's Villa, and Wynhoven.
- Affordable Housing for Individuals and Families Rental apartments and homes for very low and low-income individuals and families throughout the Greater New Orleans area, located near areas of opportunity with access to transit, jobs, education, and healthy food. Includes mixed-income development, urban infill, and blight remediation strategies that leverage existing infrastructure.
- Homeownership Assistance Program Programs that help low-income individuals and families realize the dream of homeownership through the purchase of their own home. To date Providence has helped 600+ families become homeowners.
- Resident Service Coordination and Case Management On-site service coordination and case management provided to residents across Providence's senior housing portfolio, connecting them to financial assistance, counseling, medical referrals, transportation, and other community resources. 2,500 hours of case management were provided to 2,250 residents from January 1, 2024 to November 30, 2024.
- Bell Artspace Campus Live/Work Housing
Quantifiable outcome
- Serves 2,500+ seniors across 21 properties
- +2 more outcomes
Companies that use Providence Community Housing
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Providence Community Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Providence Community Housing partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Housing Authority of New Orleans (HANO)coreHANO provides Project-Based Section 8 vouchers for all units and collaborates on new development projects such as the 3401 Erato Street senior housing development with 103 units.
- Enterprise Community PartnerscoreInitial partnership post-Katrina to redevelop the former Lafitte public housing development into Faubourg Lafitte. Enterprise Community Investments syndicates tax credits for developments.
- NeighborWorks AmericacoreChartered by Congress in 1978, NeighborWorks America supports Providence through grants, training, and partnerships. Providence is part of a network of nearly 250 organizations creating safe, affordable housing.
- Columbia ResidentialcoreDevelopment partner for Sacred Heart at St. Bernard and property manager for the 3401 Erato Street senior housing community. Oversees day-to-day on-site property management and maintenance.
- TredwaycoreNew York-based affordable housing developer acquired Christopher Homes from Archdiocese of New Orleans for $152 million. Providence continues to manage properties for Tredway following the sale.
- ArtspaceminorNational organization partnering with Providence on the Bell Artspace Campus, providing 79 live/work units for artists and cultural workers.
- HRI PropertiesminorDevelopment partner for Faubourg Lafitte scattered site phases, providing development management and historic rehabilitation expertise.
- L+M Development PartnersminorDevelopment partner for Faubourg Lafitte Phase I and V, contributing to mixed-income housing development in the Treme-Lafitte neighborhood.
- Archdiocese of New OrleansminorOriginal owner of Christopher Homes portfolio. Sold 12+ properties to Tredway following bankruptcy settlement. Providence previously acquired 6 properties from the Archdiocese in early 2010s.
- McCormack Baron ManagementminorProperty management partner for Faubourg Lafitte Senior Building and Bell Artspace Campus.
Scale indicators16 records
Recent moves7 records
Expansion highlights6 records
Providence Community Housing competitors and assessment
Company assessmentDirect peers
- L+M Development Partners: Development partner on Providence's Faubourg Lafitte Phase I and V; a national affordable and mixed-income housing developer with similar LIHTC/HUD-financed model and partnerships with mission-driven nonprofits.
- The NHP Foundation: National nonprofit that develops and preserves affordable multifamily housing serving low-income families, seniors, and special needs populations; comparable in combining preservation of income-restricted properties with supportive services.
- Enterprise Community Partners: National nonprofit affordable housing developer and LIHTC syndicator that partnered with Providence on Faubourg Lafitte; operates a similarly diversified affordable housing platform with deep government relationships and a comparable capital stack.
- National Church Residences: Faith-based nonprofit that develops and manages affordable senior housing, including former Section 202 properties, with on-site services—directly comparable to Providence's senior-focused portfolio and faith-affiliated origins.
- Columbia Residential: Atlanta-based affordable housing developer and property manager that is Providence's development partner on Sacred Heart at St. Bernard and the on-site property manager for 3401 Erato Street—closely aligned in LIHTC-driven senior housing delivery.
- Tredway: New York-based affordable housing developer that acquired the Christopher Homes portfolio from the Archdiocese for $152M and retains Providence as property manager; directly comparable in operating model and senior-housing focus.
- McCormack Baron Salazar: National urban development firm focused on affordable and mixed-income housing in distressed communities; partner on Providence's Faubourg Lafitte Senior Building and Bell Artspace Campus with comparable HUD/LIHTC finance stack.
Broad incumbents
- Mercy Housing: Large national nonprofit affordable housing developer/manager serving low-income families, seniors, and special needs populations; comparable in combining LIHTC development with on-site supportive services and operating a portfolio of thousands of units.
- BRIDGE Housing: West Coast-focused nonprofit affordable housing developer and manager with a portfolio of more than 13,000 affordable apartments; comparable in mission-driven real estate model, mixed-income approach, and integration of resident services.
Regional players
- HRI Properties: New Orleans-based affordable and historic adaptive-reuse housing developer; direct regional comparable on Providence's Faubourg Lafitte scattered-site phases with overlap in historic tax credit and LIHTC project types.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Providence Community Housing social profiles
Digital presenceProvidence Community Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Providence Community Housing leadership team
Management profileNumber of profiles
Profiles5 records
Providence Community Housing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Providence Community Housing 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 Providence Community Housing
What does Providence Community Housing do?
Providence Community Housing is a 501c3 nonprofit that develops, preserves, and manages affordable rental housing for low-income seniors, individuals, and families in the Greater New Orleans area. The organization operates 21 affordable housing properties containing approximately 2,451 senior rental units, provides on-site service coordination and case management to residents, and runs homeownership assistance programs. Revenue is generated through tenant rents (approximately 30% of adjusted income), Project-Based Section 8 vouchers, government subsidies and tax credits (LIHTC, HOME, CDBG, historic credits), and philanthropic donations.
Is Providence Community Housing a public or private company?
Providence Community Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Providence Community Housing founded?
Providence Community Housing was founded in 2006. It employs 11 to 50 people.
Where is Providence Community Housing based?
Providence Community Housing is headquartered in New Orleans, United States, in the North America region.
How does Providence Community Housing make money?
Four revenue lines are on record. Rental Income is the primary driver. The others are government Subsidies and Tax Credits, philanthropy and Donations and development and Construction Services.
Who are Providence Community Housing's main competitors?
Direct peers on record are L+M Development Partners, The NHP Foundation, Enterprise Community Partners, National Church Residences, Columbia Residential, Tredway and McCormack Baron Salazar. Broad incumbents are Mercy Housing and BRIDGE Housing. HRI Properties is listed as a regional player.
Does Providence Community Housing have an API?
No public API is recorded for Providence Community Housing.
What industry is Providence Community Housing in?
Providence Community Housing's product category is Affordable Housing Development and Property Management. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAIANAA, Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing). Its NAICS code is 624229 and its SIC code is 6513.