Dwelling Place of Grand Rapids

What Dwelling Place of Grand Rapids does

Dwelling Place of Grand Rapids is a nonprofit affordable housing and community development organization founded in 1980, headquartered at 101 Sheldon Blvd SE, Suite 2, Grand Rapids, Michigan. It develops, owns, and manages a portfolio of 1,086 residential rental units across 9+ cities and 4 Michigan counties (Kent, Ottawa, Muskegon, and a fourth), supplemented by a commercial property portfolio used to support neighborhood revitalization. Its subsidiary, Dwelling Place Community Land Trust (DPCLT), enables permanent-affordability homeownership for buyers who would not otherwise qualify for conventional financing. The organization serves low- and moderate-income individuals and families in West Michigan, including working families, seniors, individuals with disabilities, and those transitioning from housing instability, and reports serving 4,500+ people cumulatively.

The organization delivers housing alongside on-site resident support services — one-on-one case management, health and mental health resource connections, GED/ESL educational programming, job readiness and employment assistance, and financial, legal, and benefits guidance. Adjacent programs include Building Leaders Building Community (leadership development), Artist in Residence, Community Gardens, Heartside Historic Murals, Neighboring (volunteer engagement), and Advocacy. The 106 Gallery + Event Space operates as a sub-brand for community programming. The current development pipeline includes Market Ave (90 units, Grand Rapids West), Kollen Park (52 units, Holland), Fuller Ave (2 condos, Grand Rapids East), and the Weston Preservation Project (historic restoration, Downtown Grand Rapids).

Revenue mechanics are multi-stream and typical of a mission-driven nonprofit: (1) recurring rental income from the 1,086-unit portfolio, (2) one-time CLT home sale proceeds, (3) donations and charitable contributions collected via dpgr.org and community channels, and (4) federal, state, and local government grants and affordable housing subsidies including Low-Income Housing Tax Credits. Pricing is not publicly disclosed and is set per HUD and Michigan affordability guidelines based on income and unit size. Go-to-market is community-led, relying on word-of-mouth resident referrals, partnerships with city government and social service agencies, the NeighborWorks America network, and an HACSM co-development partnership in Muskegon. The organization has 51-100 employees and operates with no proprietary technology platform.

Name

Dwelling Place of Grand Rapids

Legal name

Dwelling Place of Grand Rapids

Website

https://dwellingplacegr.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Dwelling Place of Grand Rapids is a nonprofit affordable housing organization founded in 1980 that owns and manages 1,086 rental units across four Michigan counties, with a Community Land Trust subsidiary enabling permanent-affordability homeownership, wraparound resident services, and an active development pipeline serving 4,500+ low- and moderate-income residents.

Ownership category

akta.pro rank

Headquarters

HQ city

Grand Rapids

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental income: Revenue is generated through monthly rent payments from residents occupying the organization's portfolio of residential rental units across multiple Michigan counties.
2. Homeownership sales: The organization sells homes to eligible buyers through its Community Land Trust (CLT) program, generating one-time transaction revenue from home sales.
3. Donations and charitable contributions: Individual and corporate donations support the organization's mission and development activities, collected via the website donation portal.
4. Government grants and public funding: Federal, state, and local government grants and subsidies fund affordable housing development, preservation, and resident support services programs.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Dwelling Place of Grand Rapids is a nonprofit affordable housing organization that develops, owns, and manages 1,086 residential rental units and commercial properties across four Michigan counties. It also operates a Community Land Trust (DPCLT) that sells affordable homes for sustainable homeownership, and provides on-site resident support services, advocacy, and community programs (community gardens, art classes, leadership development) to low- and moderate-income individuals and families in West Michigan.

Product overview

Dwelling Place is a nonprofit affordable housing organization operating as a single unified offering with multiple programs and property types. The core organization provides affordable rental housing through Residential Properties and Commercial Properties, while the Community Land Trust (CLT) enables homeownership through affordable homes for sale. Supporting these are resident services including advocacy, leadership programs, artist residencies, community gardens, and volunteer engagement. The organization also develops new properties and preserves historic buildings, with current developments including Market Ave (90 units), Kollen Park (52 units), Fuller Ave (2 condos), and the Weston preservation project.

Differentiator

Problem solved

Functional benefit

Brands

• 106 Gallery + Event Space: Gallery and event space operated by Dwelling Place for community events and programming

Products and services

• Residential Rental Properties Affordable rental housing units across multiple Michigan counties including Grand Rapids, Kentwood, Wyoming, Holland, Muskegon, and other West Michigan communities. Leased directly by Dwelling Place to qualifying low- and moderate-income households based on income guidelines consistent with HUD and Michigan affordable housing standards.
• Commercial Properties

Quantifiable outcome

• 1,086 residential units developed and managed across West Michigan
• +2 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• NeighborWorks AmericacoreStrategic or Co-development PartnerNeighborWorks America is a national nonprofit organization that supports affordable housing and community development. Dwelling Place is affiliated with NeighborWorks, utilizing its network, training resources, and programmatic support to strengthen local affordable housing initiatives.
• Housing Authority of the City of Muskegon (HACSM)coreStrategic or Co-development PartnerThe Housing Authority of the City of Muskegon partners with Dwelling Place on affordable housing development and preservation initiatives in the Muskegon area, supporting the shared goal of expanding affordable housing options in West Michigan communities.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Avesta Housing: New England-based nonprofit affordable housing developer and manager operating a combined rental and shared-equity homeownership portfolio. Closely comparable in size, integrated service model, and community-based mission to Dwelling Place.
• BRIDGE Housing Corporation: California-based nonprofit affordable housing developer that develops, owns, and manages both rental and for-sale affordable housing. Highly comparable mission and integrated housing-plus-services structure.
• CommonBond Communities: Twin Cities-based nonprofit affordable housing provider offering rental, supportive housing, and pathways to homeownership. Comparable Midwest nonprofit operator with similar integrated resident services.
• National Housing Trust: National nonprofit that develops, owns, and manages affordable rental housing with resident services across multiple U.S. markets. Operates on a similar LIHTC-financed multifamily model as Dwelling Place.
• The NHP Foundation: National nonprofit affordable housing developer that preserves and develops multifamily affordable housing with on-site services. Aligns closely with Dwelling Place's combination of development, ownership, and resident support.

Regional players

• Cinnaire: Michigan-based CDFI that finances affordable housing and community development across the state. Dwelling Place is a regional peer operating in the same Michigan affordable housing ecosystem, though Cinnaire plays a financing/development role rather than the owner-operator role Dwelling Place occupies.

Broad incumbents

• Mercy Housing: One of the largest nonprofit affordable housing developers in the U.S., operating affordable rental housing with resident services across many states. Far larger than Dwelling Place but shares the integrated nonprofit housing-plus-services model.
• Enterprise Community Partners: National nonprofit that develops and invests in affordable housing while supporting community development nationally. Comparable mission and integrated approach to Dwelling Place, but operates at much greater scale and scope.
• WinnCompanies: National for-profit property management and development firm that operates a sizeable affordable housing portfolio alongside market-rate multifamily. Comparable in property management of multifamily affordable rental, but operates at substantially larger scale and is investor-owned.

Others

• Habitat for Humanity: National nonprofit focused on affordable homeownership for low-income households. Comparable in the affordable homeownership mission to Dwelling Place's CLT program, but operates a homebuilding-for-sale model rather than rental.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dwellingplacegr
• Facebookfacebook.com/dwellingplacegr
• LinkedInlinkedin.com/company/dwelling-place-inc.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Dwelling Place of Grand Rapids