Highbridge Community Housing Development Corporation

What Highbridge Community Housing Development Corporation does

Highbridge Community Housing Development Corporation (HCDC), legally operated as Highbridge Community Development Corporation, is a Bronx-based nonprofit founded in 1984 that develops, owns, and manages affordable housing in New York City. The organization was initiated by Father Donald Sakano, MSW, and Jorge L. Batista, JD, originally as a division of the Highbridge Community Housing Development Fund Corporation, and became the city's first primary nonprofit redevelopment partner in the Highbridge neighborhood under the Third Party Transfer Program. Today HCDC develops, manages, and operates more than 2,500 moderate- and low-income units across multiple Bronx neighborhoods, including 600+ senior housing units (HUD 202 and NYSHCR financed), 900+ LIHTC units, 741 historic Vacant Cluster Program units, and 18 homeownership units delivered under the New Foundations program. Active recent deliveries include Excelsior II (60-unit family building, 2017), ArtsBridge Senior (62-unit HUD 202 senior building, completed 2018), and the 110-unit Saint Francis Commons at 1544 Shakespeare Avenue (currently in Housing Connect lottery).

HCDC's service offering spans three integrated lines: property development (new construction and rehabilitation financed via HUD, NYCHPD, NYSHCR, and NYC HDC), property management (preventive maintenance, building inspections, HVAC, pest control, energy-efficiency programs, and compliance monitoring), and community development (resident services, senior recreation programming, and partnerships with religious and community organizations). Resident-facing technology is limited to a standard online rent-payment portal, a web-based non-emergency repair-request form, and a Constant Contact newsletter — there is no proprietary software platform or AI/ML capability disclosed. The organization delivers wraparound social services on-site through a long-standing partnership with Catholic Charities, covering Section 8/lease renewal, food pantry, SNAP, HEAP, SCRIE/DRIE, medical and senior services, and employment/education support.

HCDC's revenue model is multi-stream and characteristic of an affordable housing nonprofit: (i) recurring rental income from 2,500+ subsidized units priced per HUD and LIHTC income guidelines (no application fee), (ii) development financing and grants from federal (HUD 202), state (NYSHCR, including 9% LIHTC allocations), and city (NYCHPD, NYC HDC) housing programs, and (iii) in-house property management services delivered across its own portfolio. Tenant acquisition runs through the NYC Housing Connect lottery system, direct paper applications, and an application hotline, while developer-pipeline capacity is being reinforced through a 2026 FHLBank Chicago / Associated Bank Community First Developer Program grant supporting paid internships for emerging affordable housing developers. Headcount stands at 150+ staff operating from 1465 Nelson Avenue (headquarters) and a Catholic Charities support-services site at 1510 Jesup Avenue, both in the Bronx.

Name

Highbridge Community Housing Development Corporation

Legal name

Highbridge Community Development Corporation

Website

https://hcdcny.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Nonprofit affordable housing developer and property manager founded in 1984, developing and operating 2,500+ low- and moderate-income units (including 600+ senior units) across Bronx neighborhoods under HUD, NYSHCR, and NYCHPD programs.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Residential Building Construction (2361), New Multifamily Housing Construction (except For-Sale Builders) (236116), Administration of Housing Programs, Urban Planning, and Community Development (9251)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

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

akta.pro secondary industries

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Residential Affordable Housing Development & Construction (IMAFABAI), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Property management services
• Community development
• Senior housing programs
• Low-income housing

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Rental Income: Revenue generated from rental income from over 2,500 moderate and low-income housing units across the Bronx
2. Government Financing Programs: Funding through HUD 202 program, Low Income Housing Tax Credit (LIHTC), NYSHCR, and other federal, state, and city housing programs for development and rehabilitation projects
3. Property Management Services: Professional property management services including preventive maintenance programs, tenant selection, lease-up services, and ongoing compliance monitoring and reporting

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Highbridge Community Development Corporation (HCDC) develops, manages, and operates affordable housing for low- and moderate-income families, seniors, and individuals with disabilities throughout the Bronx. The organization specializes in real estate development, property management, and community development, leveraging partnerships with HUD, NYCHPD, NYSHCR, and Catholic Charities to deliver subsidized housing units and resident support services.

Product overview

Highbridge Community Development Corporation (HCDC) is a nonprofit affordable housing development and property management organization established in 1984. The company operates as a unified service provider offering property development, property management, and community development services. The portfolio includes managing over 2,500 moderate and low-income units throughout the Bronx, with a specific focus on senior housing (600+ units). Resident-facing services include an online rent payment portal, repair request system, and housing lotteries. The Highbridge Rising program represents a major renovation initiative for existing properties. The organization also partners with Catholic Charities to provide comprehensive social services to residents.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 741 renovated units in 23 buildings completed and fully occupied by 1992
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

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 minor and core.

• Housing PartnershipminorStrategic or Co-development PartnerPartnered with the Housing Partnership and NYSAHC to develop cooperative apartment projects and home ownership projects.
• Catholic CharitiescoreStrategic or Co-development PartnerCatholic Charities provides housing support services at Highbridge including human resources, administration assistance, Section 8/lease renewal, food pantry, employment/education services, utilities assistance, medical care, and senior services. HCDC-affiliated housing programs are served by Catholic Charities.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Phipps Houses: New York-based non-profit affordable housing developer and manager operating thousands of units across the Bronx and other boroughs. Most directly comparable to HCDC given its similar Bronx footprint, non-profit structure, and mixed family/senior affordable portfolio.
• L&M Development Partners: NYC-focused affordable and mixed-income housing developer producing LIHTC, HUD-subsidized, and supportive housing projects across the Bronx. Comparable as a similarly mission-driven, vertically integrated developer-manager using LIHTC and HPD financing.
• The Community Preservation Corporation (CPC): New York non-profit affordable and multifamily housing finance and development organization providing construction lending, LIHTC equity, and technical assistance. Comparable because CPC operates similar financing programs (LIHTC, HPD subsidies) that fund Bronx affordable housing.
• Habitat for Humanity New York City: Non-profit affordable homeownership and rental housing developer serving low-income NYC families. Comparable to HCDC's homeownership program (New Foundations, 18 two-family homes) and Bronx affordable housing mission.
• MHANY Management Inc. Bronx-based non-profit affordable housing developer managing thousands of units under LIHTC and HPD programs. Direct peer given overlapping Bronx service area, similar LIHTC/HPD financing stack, and tenant-targeted community development.
• Banana Kelly Community Improvement Association: Bronx-based non-profit affordable housing developer and community organization rooted in the South Bronx since 1981. Comparable to HCDC as a similarly mission-driven, Bronx-concentrated affordable housing developer using Vacant Cluster-style rehabilitation programs.
• Catholic Charities Housing Corporation (Archdiocese of NY): Catholic-affiliated non-profit affordable housing developer and service provider in NYC that overlaps with HCDC's Catholic Charities support services partnership. Comparable given shared Bronx footprint and HUD/LIHTC-financed senior and family housing.
• Dunn Development Corp: NYC affordable housing developer specializing in LIHTC, HUD 202 senior, and supportive housing. Comparable to HCDC's senior housing focus (HUD 202/NYSHCR) and its new construction pipeline in the Bronx.

Emerging players

• Ridgewood Bushwick Senior Citizens Council: Brooklyn-based non-profit affordable and senior housing developer operating thousands of units, often cited alongside HCDC as a peer for NYC community housing corporations. Comparable in structure and programming though serving a different borough.

Broad incumbents

• Related Companies (Affordable Housing Division): Large NYC-based real estate developer with a major affordable housing division producing LIHTC, HUD, and HPD-financed projects citywide. Comparable as a Bronx-active affordable housing developer, though it operates at much greater scale and across all income tiers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/highbridge-community-housing-development-fund-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Highbridge Community Housing Development Corporation