Ginosko Development Company

What Ginosko Development Company does

Ginosko Development Company (GDC) is a private real estate development firm founded in 2002 by Amin Irving and John Hayes, headquartered in Novi, Michigan. The company specializes in multi-family residential affordable housing development, owning and operating more than 4,900 units across Michigan, Illinois, and Ohio with over $586 million in capitalized value across 100+ properties. GDC operates as a family of companies providing end-to-end development services including site selection, feasibility analysis, financing, construction management, and ongoing asset management, primarily serving low-income families and seniors earning at or below 50-60% of Area Median Income (AMI), as well as institutional partners including not-for-profit housing organizations, municipalities, and government agencies (HUD, MSHDA, USDA).

GDC generates revenue through development fees, asset management fees, construction management fees, and financing consulting on project-specific engagements. The firm engages private equity investors for Opportunity Zone funds and LIHTC equity arrangements, and leverages 501(c)(3) co-development partnerships to capture nonprofit preferences in competitive funding rounds. Pricing is project-based with multi-year contracts; no standard pricing tiers are publicly disclosed. Property management is outsourced (KMG Prestige), allowing the parent entity to operate with a lean direct headcount while managing a multi-state portfolio.

GDC's competitive moat rests on its pioneering deal structures in Michigan, including the first 4%/9% hybrid LIHTC deal in 2017 and one of the first Opportunity Zone Fund closings in 2018. The company maintains a proprietary database of previously developed projects used for cost verification and employs a feasibility and recommendation report methodology including financial projections and SWOT analysis. Modular building construction capabilities supplement traditional construction methods for faster delivery. Despite a lean direct headcount of 1-10 employees, the firm operates through affiliated entities and outsourced partners to manage its 4,900+ unit portfolio.

Name

Ginosko Development Company

Legal name

Ginosko Development Company

Website

https://ginosko.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Ginosko Development Company is a private affordable housing developer founded in 2002 in Novi, Michigan, owning and operating more than 4,900 multi-family residential units across Michigan, Illinois, and Ohio with over $586 million in capitalized value.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Multi-family residential development
• Property asset management
• LIHTC financing services
• Construction management

Headquarters

HQ city

Novi

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Services: GDC earns development fees for managing the full development lifecycle including site selection, feasibility, underwriting, financing, closings, and construction of affordable housing projects.
2. Asset Management: Ongoing asset management and property oversight services for owned and partner properties to ensure compliance with regulatory agreements and performance benchmarks.
3. Construction Oversight: Construction management fees for overseeing development projects including material selection, systems evaluation, and contractor coordination.
4. Financing Consulting: Expertise in structuring complex capital stacks using LIHTC, tax-exempt bonds, HOME funds, and Opportunity Zone investments; consulting fees for helping partners navigate financing processes.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Ginosko Development Company (GDC) develops, finances, constructs, owns, and manages affordable multi-family residential housing for low-income families and seniors. The firm provides end-to-end services spanning site selection, feasibility analysis, complex financing (LIHTC, tax-exempt bonds, HOME funds, Opportunity Zone equity), construction management including modular building, and ongoing property/asset management across Michigan, Illinois, and Ohio.

Product overview

Ginosko Development Company (GDC) is a rapidly growing family of companies involved in all aspects of multi-family residential housing development, construction, ownership and management. The company's core offerings include Multi-Family Residential Housing Development (covering site selection through project stabilization), Housing/Historic/Brownfield Tax Credits Services, Real Estate Consultancy Services, Real Estate Lending Services, Property and Asset Management, and Modular Building Construction. The company serves low-income families and seniors through affordable housing projects across Michigan, Illinois, and other states, utilizing various government incentives and financing programs including LIHTC, HUD, MSHDA, and Opportunity Zone investments.

Differentiator

Problem solved

Functional benefit

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and supporting.

• KMG Prestige, Inc.coreImplementation/ SI/ Consulting PartnerProperty management company providing on-site management, marketing, and resident services for GDC's portfolio of affordable housing properties.
• Loomis (Loomis, Ewert, Parsley, Davis & Gotting, P.C.)coreImplementation/ SI/ Consulting PartnerLaw firm providing legal services for closings, loan documentation, and regulatory compliance across GDC's development portfolio.
• Rohde ConstructioncoreOthersConstruction firm providing general contracting services for rehabilitation and new construction projects.
• Hooker DeJong ArchitectssupportingTechnology or IntegrationArchitectural firm providing design services for new construction and rehabilitation projects including modular building designs.
• Economides & AssociatessupportingTechnology or IntegrationArchitectural firm providing project design and value-added engineering services for affordable housing developments.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: Large, diversified real estate developer that includes affordable housing through Related Affordable; addresses the same affordable housing demand with broader geographic scale and capital resources than GDC.
• Enterprise Community Partners: National affordable housing developer, owner, syndicator, and policy advocate operating at much greater scale than GDC; competes for the same LIHTC allocations and policy-shaping influence in the affordable housing ecosystem.

Direct peers

• The Michaels Organization: Vertically integrated developer, owner, and manager of affordable, mixed-income, and student housing operating across multiple U.S. states; very similar ownership-and-operate model to GDC and a direct competitor for LIHTC allocations and large institutional affordable mandates.
• Beacon Communities: Boston-based developer and manager of affordable and mixed-income multifamily housing using LIHTC, RAD, and mixed-finance structures; closely comparable to GDC in lifecycle ownership and HUD-partnered deal profile.
• The NRP Group: National affordable housing developer and property manager focused on multifamily LIHTC, market-rate, and senior living developments; competes with GDC for competitive tax credit awards and partners with similar government agencies (HUD, state HFAs) on the same type of LIHTC transactions.
• Volunteers of America National Services: National nonprofit developer of affordable and supportive multifamily housing using LIHTC, HUD, and Section 8 funding; mirrors GDC's focus on senior and family affordable rentals and its partnerships with state housing finance agencies.
• WinnCompanies: Major developer and manager of affordable, mixed-income, market-rate, and military housing with deep LIHTC and HUD expertise; competes for the same tax-credit awards, RAD conversions, and institutional affordable housing development mandates.
• L+M Development Partners: Developer, owner, and manager of affordable and mixed-income housing with proven track record on hybrid LIHTC structures and inclusionary developments; matches GDC's full-lifecycle approach on tax-credit-financed multifamily.
• BRIDGE Housing: Nonprofit-driven affordable and mixed-income developer on the West Coast that develops, owns, and manages LIHTC communities similar to GDC's low-income family and senior housing portfolio.

Regional players

• Wallick Properties: Mid-Atlantic-based developer and operator of affordable, senior, and market-rate multifamily housing using LIHTC and HUD programs; comparable operating model to GDC but operates in Ohio and Mid-Atlantic states versus GDC's Midwest footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ginosko-development-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Ginosko Development Company