Providence Housing Development Corporation

Name

Providence Housing Development Corporation

Legal name

Providence Housing Development Corporation

Website

https://providencehousing.org

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Providence Housing Development Corporation is a not-for-profit affordable housing developer and property manager affiliated with the Roman Catholic Diocese of Rochester, operating 32 communities serving 1,242 households across six upstate New York counties through family, senior, supportive, and special needs housing.

Ownership category

akta.pro rank

Product category

Affordable Housing Development and Property Management

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Continuing Care Retirement Communities (623311), Temporary Shelters (624221), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Social Services (8300), Operators Of Apartment Buildings (6513), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

akta.pro secondary industries

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Affordable / Low-Income Assisted Living (Medicaid Waiver Focused) (HLADABAE), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Housing Assistance & Homeless Services (BPAGAEAB)

Keywords

• Affordable housing development
• Senior housing management
• Supportive housing services
• Nonprofit property management
• Accessible rental housing

Headquarters

HQ city

Rochester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Rental Income: Revenue is generated through monthly rental payments from tenants in their affordable housing properties across 32 communities. Rents are set at affordable rates typically tied to 50% of Area Median Income (AMI).
2. Donations and Contributions: As a 501(c)(3) not-for-profit organization, Providence Housing accepts tax-deductible donations to support development of affordable housing, including Pre-Development Fund, General Support, Tenant Services, and Rent Relief Program.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Providence Housing develops, finances, and manages affordable rental housing for seniors (55+/62+), families, individuals with special needs, and those experiencing homelessness or in recovery. Across 32 communities and 1,242 households in six upstate New York counties, it delivers income-restricted rental units (priced around 50% of Area Median Income) with bundled utilities, accessibility features, and on-site supportive services.

Product overview

Providence Housing Development Corporation operates as a not-for-profit affordable housing provider affiliated with the Roman Catholic Diocese of Rochester, NY. The company offers four distinct housing categories: Family Housing (15 properties for families), Senior Housing (14 properties for adults 55+/62+), Supportive Housing (4 properties for homeless/recovery individuals), and Special Needs Housing (3 properties with accessibility accommodations). The portfolio spans 32 communities with 1,242 households across 6 counties in the Greater Rochester Area and Southern Tier of upstate New York. Individual properties like Dana Lyon Apartments, West Town Village, Village Green, Village Place, and Vienna Place represent specific developments within these categories, each offering distinct amenities and eligibility requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Dana Lyon Apartments

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Roman Catholic Diocese of RochestercoreStrategic or Co-development PartnerProvidence Housing is a not-for-profit corporation affiliated with the Roman Catholic Diocese of Rochester, New York. The Diocese provides organizational affiliation and support for the housing development corporation.
• NYS Governor Kathy Hochul and NYS HCR Commissioner RuthAnne VisnauskascoreOthersNew York State Housing and Community Renewal (HCR) partnership for affordable housing development projects, with Commissioner RuthAnne Visnauskas overseeing state housing initiatives that support Providence Housing projects.
• U.S. Department of HUDcoreOthersIncome limits and eligibility guidelines are determined using HUD's published Area Median Income (AMI) data. Housing Choice vouchers are accepted at properties.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Providence Housing Development Corporation