What ELH Mgmt does

ELH Mgmt. LLC is a privately held, founder-led New York City real estate company founded in 1995 by Larry Hirschfield that develops, preserves, and manages affordable and rent-stabilized housing. Headquartered at 1675 Broadway in Manhattan and operating primarily across Brooklyn and the Bronx, the company owns and manages more than 5,000 apartments across 160+ properties and has executed more than $650M in cumulative development and rehabilitation value over 30 years, including 100+ fully renovated buildings. Its activities span new construction, gut and moderate rehabs, tenant-in-place renovations, historic preservation of NYC landmarks, and supportive housing developments serving low- and moderate-income households, seniors, and formerly homeless residents.

The firm's operating model is vertically integrated across four service lines: Property Management & Compliance (regulatory oversight for HPD, NYCHA, HUD/Section 8, and LIHTC programs), Marketing & Housing Lotteries (running NYC Housing Connect lotteries and tenant income/recertification on behalf of HPD, HDC, and HCR), New Construction & Rehabilitation through affiliated general contractor ELH Construction LLC, and Preservation & Development (large-scale mixed-use and landmark conversions). Marketing and lottery services leverage staff with certifications in HOTMA, Fair Housing, LIHTC, and NCHM-Advanced Assets, drawing on experience including roles formerly held at NYC Housing Development Corporation and 7A Administrator appointments by the New York Unified Court System.

ELH earns revenue through managed-services property management fees on its 5,000+-unit portfolio, developer and co-developer fees on ground-up projects such as La Central (992 homes), Casa Celina (205 senior units), Coney Island Commons (196 units), Stanley Commons (240 units), and Sea Park Apartments (816 units), construction revenue via ELH Construction LLC, and marketing/lottery agent fees paid by city agencies. Customer acquisition is driven by pre-qualification with NYC government procurement (HPD NEP, TPT, 100% Affordable PQL; NYCHA PACT; HDC/HCR financing programs) rather than traditional marketing, with resident-side intake flowing through NYC Housing Connect lotteries and direct leasing through a service hotline and ClickPay.

Name

ELH Mgmt

Legal name

ELH Mgmt. LLC

Website

https://elhmgmt.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

ELH Mgmt. is a New York City-based, founder-led affordable housing developer, property manager, and general contractor pre-qualified by HPD, HDC, HCR, and NYCHA, managing 5,000+ units across 160+ properties for low-to-moderate-income and senior households.

Ownership category

akta.pro rank

Product category

Affordable Housing Development & Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Residential Remodelers (236118)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industry

Affordable & Public Housing Asset Management (BPAJAMAI)

Keywords

• Affordable housing development
• Property management services
• General contracting
• Housing lottery marketing
• Historic preservation

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Ongoing property management services for owned and managed affordable housing units throughout NYC, including compliance with regulatory agreements
2. Development Fees: Fees earned as developer and co-developer on affordable housing construction projects, including large-scale mixed-use developments
3. General Contracting Services: Construction and rehabilitation services through affiliated company ELH Construction LLC, overseeing project lifecycle from inception to completion
4. Marketing Agent Services: Conducting affordable housing lotteries and marketing services on behalf of HPD, HDC, and HCR, including tenant income certification, annual recertifications, and lease-up services

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

ELH Mgmt. LLC is a full-service affordable housing firm that develops, preserves, manages and markets rent-stabilized and regulated affordable housing across New York City. Through four integrated service lines (property management & regulatory compliance, marketing & housing lotteries, new construction/rehabilitation via affiliated ELH Construction LLC, and large-scale preservation & development) the company operates as developer, property manager, general contractor, and marketing agent for HPD, HDC, HCR and NYCHA projects.

Product overview

ELH Mgmt. is a full-service real estate company offering integrated affordable housing services in New York City. The company operates as a unified platform combining Property Management & Compliance, Marketing & Housing Lotteries, New Construction & Rehabilitation (through affiliated ELH Construction LLC), and Preservation & Development services. These core offerings work together to deliver comprehensive affordable housing solutions from project inception through ongoing property management, enabling ELH to serve as developer, property manager, general contractor, marketing agent, and compliance specialist under one roof.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management & Compliance Full-service property management specializing in affordable housing, including regulatory compliance with HPD, NYCHA, HUD/Section 8, and Low-Income Housing Tax Credit programs across ELH's owned and third-party managed affordable housing portfolio in New York City.
• Marketing & Housing Lotteries Affordable housing marketing and lottery services conducted on behalf of HPD, HDC and HCR, including tenant income certification, annual recertifications, and NYC Housing Connect 2 portal management for affordable housing lease-ups across NYC.
• Marketing Agent & Lottery Services Stand-alone offering of marketing-agent services built on more than a decade of experience conducting affordable housing lotteries on behalf of HPD, HDC, and HCR, with a team of former public-sector employees providing expertise in HOTMA, Fair Housing Act, and LIHTC compliance.
• New Construction & Rehabilitation (ELH Construction LLC) General contracting and construction services delivered through affiliated ELH Construction LLC, covering ground-up construction, moderate to gut renovations, tenant-in-place renovations, building system replacements, sustainability upgrades, and historic preservation services for affordable housing projects.
• Preservation & Development Large-scale mixed-use development and preservation of affordable housing, including conversion of city-owned distressed properties and individually-designated NYC landmarks into affordable rental homes, delivered as developer and co-developer on projects such as La Central (992 homes) and Casa Celina (205 senior units).

Quantifiable outcome

• 5,000+ affordable and rent-stabilized apartments owned and managed
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, major and minor.

• Jericho ProjectcoreStrategic or Co-development Partner · 1 January 2024Nationally-acclaimed nonprofit retained to provide social services at Fort Greene Portfolio, focusing on housing retention, stabilization, and age-appropriate programming
• GilbanecoreStrategic or Co-development Partner · 1 January 2023Development partner with ELH and Tredway on Sea Park Apartments acquisition and preservation (816 units in Coney Island)
• TredwaycoreStrategic or Co-development Partner · 1 January 2023Ongoing partnership on multiple projects including Sea Park Apartments (2023) and Fort Greene Portfolio Preservation (2024)
• The Kretchmer CompaniescoreStrategic or Co-development PartnerCo-development partner on Casa Celina project (205 affordable senior units in The Bronx), combining ELH's property management expertise with Kretchmer's development capabilities
• Xenolith PartnerscoreStrategic or Co-development PartnerCo-development partner on Casa Celina affordable housing project in Soundview, The Bronx
• JASAcoreOthersNonprofit partner for Casa Celina providing supportive services and cultural programming for senior residents
• Hudson CompaniescoreStrategic or Co-development PartnerCo-developer on La Central, a five-building 1.2 million square foot mixed-use development in the South Bronx bringing 992 affordable homes
• BRP DevelopmentcoreStrategic or Co-development PartnerCo-developer on La Central development in the South Bronx, partnering on this major mixed-use affordable housing project
• Breaking GroundmajorStrategic or Co-development PartnerPartner on La Central development providing supportive housing expertise and services for vulnerable populations
• ComunilifemajorStrategic or Co-development PartnerPartner on La Central development bringing culturally competent social services to residents
• YMCA of Greater New YorkcoreStrategic or Co-development PartnerNonprofit partner providing 44,000 sq ft state-of-the-art YMCA facility at La Central with aquatics center, wellness center, and programming; also partner at Coney Island Commons
• BronxNetminorStrategic or Co-development PartnerPartner at La Central providing production studio and classroom space as a community media facility
• Galaxy General ContractingcoreImplementation/ SI/ Consulting PartnerGeneral contracting partner on Coney Island Commons development (196 affordable homes)
• Good Shepherd ServicescoreStrategic or Co-development PartnerCommunity services partner at Stanley Commons managing the Prince Joshua Avitto Community Center providing recreational and educational programming
• Man Up!coreStrategic or Co-development PartnerCommunity services partner at Stanley Commons working with Good Shepherd Services to manage community center and provide social services
• Brooklyn Neighborhood Improvement AssociationminorStrategic or Co-development PartnerNonprofit partner on John and Elizabeth Truslow House historic preservation project

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• L+M Development Partners: L+M is one of NYC's largest affordable and mixed-income developers and property managers, holding similarly deep HPD/HDC/NYCHA relationships and a vertically integrated platform. Directly comparable in product mix (preservation, ground-up affordable, supportive housing) and geographic footprint to ELH.
• Monadnock Development: Monadnock is a NYC-focused affordable housing developer and manager with significant HPD, NYCHA, and supportive housing work. Closely comparable to ELH in scale, mission, regulatory pre-qualification, and integration of construction through an affiliated general contractor.
• Douglaston Development: Douglaston is a NYC affordable and mixed-income developer, property manager, and contractor serving HPD/HDC/NYCHA. Comparable in vertical integration, project size, and reliance on NYC public-sector RFPs, making it a structural analog to ELH.
• Camber Property Group: Camber is a NYC affordable and supportive housing developer and manager participating in HPD NEP/TPT and NYCHA programs. Directly comparable in mission, regulatory channel, and mix of preservation plus new construction.
• The Community Preservation Corporation (CPC): CPC is a NYC nonprofit CDFI providing financing plus technical services to preserve and develop multifamily affordable housing. Overlaps with ELH in preservation and affordable property management, although structured as a financing intermediary rather than fee-based manager.
• Breaking Ground: Breaking Ground is a major NYC supportive and affordable housing developer/operator and an active ELH co-development partner (La Central). Comparable in serving homeless and vulnerable populations through HPD/HUD-funded developments.
• The Hudson Companies: Hudson is a NYC-focused affordable and mixed-income developer and property manager, co-developer with ELH on La Central. Comparable in scale, integration of development and management, and concentration in HPD/HDC mandates.
• BRP Companies: BRP is a NYC affordable and mixed-income developer with a strong preservation and new-construction track record and is ELH's co-developer on La Central. Directly comparable in product type, agency relationships, and project scale.

Broad incumbents

• Gilbane Development Company: Gilbane is a large national developer/builder with a dedicated NYC affordable housing practice and is ELH's co-development partner on Casa Celina and Sea Park. Larger, multi-sector platform that overlaps with ELH on affordable development but competes across many markets.

Emerging players

• Wavecrest Management Group: Wavecrest is a NYC-based affordable and rent-stabilized property management firm with HPD/NYCHA portfolio exposure. Comparable in core property management offering and compliance specialization, though smaller in development scope than ELH.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 ELH Mgmt