Hudson Valley Property

What Hudson Valley Property does

Hudson Valley Property Group (HVPG) is a privately held real estate investment firm founded in 2010 by Jason Bordainick and Andrew Cavaluzzi that specializes in the acquisition, preservation, renovation, and long-term management of affordable, workforce, and mixed-income housing in the United States. As of 2026 the firm has preserved more than 18,700 units across 99 properties in 13 states (California, Colorado, Florida, Idaho, Illinois, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, and Washington), with total project costs exceeding $3.7 billion. Its core capability is regulatory navigation across HUD Section 8, Section 236, Section 202, LIHTC (Section 42), Mitchell Lama, RAD conversions, rural development, and mark-to-market restructuring, combined with vertically integrated acquisition, development, asset management, accounting, and construction oversight.

HVPG's business model rests on three revenue streams: (1) asset management and property operations revenue from Community Reinvestment Act-eligible private real estate investment vehicles, with approximately $878M of private equity and $274M of tax credit equity deployed to date; (2) acquisition, development, and construction oversight fees earned on each transaction; and (3) long-horizon returns from LIHTC partnerships, HUD subsidies, and property appreciation. Capital is sourced from institutional, sovereign wealth, and private wealth investors, and the firm recently formalized an Investor Solutions group to systematize global capital formation. Go-to-market is direct owner-operator, with sourcing through broad networks of direct owner relationships, repeat JV partners, property managers, and not-for-profit partners (e.g., Hearthstone Housing Foundation, Pacific Housing Inc.), enabling access to off-market and differentiated affordable housing opportunities typically 150 units or larger, including multi-state portfolio deals. The firm's signature Community Enhancement Program standardizes security and resident services across the portfolio, and its value proposition is preserving long-term affordability through HUD Project-Based Section 8 contracts and LIHTC compliance while delivering CRA-eligible, stable, social-impact returns to LPs.

Name

Hudson Valley Property

Legal name

Hudson Valley Property Group, LLC

Website

https://hudsonvalleypropertygroup.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Hudson Valley Property Group is a privately held real estate investment firm that acquires, preserves, renovates, and manages affordable and mixed-income housing across the United States, having preserved over 18,700 units across 99 properties in 13 states for institutional and CRA-eligible investors.

Ownership category

akta.pro rank

Product category

Affordable Housing Real Estate Investment Management

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), Services to Buildings and Dwellings (5617)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Real Estate (6500)

akta.pro primary industry

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

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

Keywords

• Affordable housing preservation
• Real estate investment management
• Property acquisition services
• Low-income housing development
• Multi-family housing renovation

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

1. Asset Management and Property Operations: HVPG manages Community Reinvestment Act-eligible private real estate investment vehicles focused on affordable housing preservation. Revenue is generated through property operations, asset management fees, and value creation from property improvements and rent optimization.
2. Acquisition and Development Fees: The firm earns fees through acquisitions, development, and construction oversight of affordable housing properties, leveraging expertise with regulatory restrictions, agencies, and preservation tools.
3. Tax Credit Equity and Investment Returns: HVPG secures and deploys approximately $878M of private equity and $274M of tax credit equity for acquisition and rehabilitation. Returns are generated through LIHTC partnerships, HUD subsidies, and long-term property appreciation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Hudson Valley Property Group is an owner-operator and developer that acquires, renovates, and preserves affordable, workforce, and mixed-income rental housing across the United States, deploying private equity and tax credit equity through CRA-eligible real estate investment vehicles. The firm underwrites and closes property acquisitions financed through conventional debt, LIHTC equity, and HUD program subsidies, then operates the assets under standardized security and resident services programming. Since 2010, HVPG has preserved over 18,700 units across 99 properties in 13 states, with total project costs exceeding $3.7B.

Product overview

Hudson Valley Property Group operates a comprehensive affordable housing preservation platform focused on acquiring, financing, renovating, and managing affordable and mixed-income housing properties throughout the United States. The firm's platform consists of investment management services managing private equity real estate vehicles (Hudson Valley Preservation Fund II and predecessor funds), property acquisition capabilities spanning HUD-assisted, tax credit, and workforce housing assets, and full-service property rehabilitation and development operations. The company has preserved approximately 18,700 units across 99 properties in 13 states, with major portfolio holdings including the West Coast LIHTC Portfolio (4,768 units), Mid-Atlantic HUD Portfolio (1,859 units), and New Jersey Section 8 Portfolio (1,009 units), among numerous individual property acquisitions. The Community Enhancement Program provides standardized security and resident services across the portfolio. The firm was founded in 2010 and is headquartered in New York, NY.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Management of private real estate investment vehicles focused on affordable housing preservation for institutional, sovereign, and private wealth investors; manages CRA-eligible strategies covering 95+ properties and 17,951+ units of affordable and workforce housing preserved, totaling over $3.7B in project costs.
• Property Acquisitions Acquisition of affordable, workforce, and mixed-income properties throughout the U.S. using conventional financing and Low-Income Housing Tax Credits, capable of acquiring large multi-state portfolios as well as individual assets 150 units or larger.
• Property Rehabilitation and Development Comprehensive rehabilitation and development services including building modernization, energy-efficiency upgrades, unit renovations, and resident quality-of-life improvements for affordable housing properties, executed through partnerships in healthcare, education, and technology.

Quantifiable outcome

• Energy consumption reduced by more than 28% at The Encore property
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Pacific Housing Inc.coreStrategic or Co-development PartnerServes as Managing General Partner in the Mosa Apartment Homes transaction, providing on-site resident services including afterschool and teen programming, adult education, and individualized service coordination.
• PinataminorStrategic or Co-development PartnerPartnership with HVPG at Boston Bay and Hope Bay properties to provide credit building and renters' insurance services to residents.
• UHM PropertiescoreChannel Partner/ Reseller/ DistributorRetained as onsite property management to ensure continuity of resident services programming at Boston Bay and Hope Bay.
• Hearthstone Housing FoundationcoreStrategic or Co-development PartnerNon-profit partnership for West Coast LIHTC Portfolio properties to pursue improvements to safety, quality of life and ensure long-term affordability.
• Horizon Housing AlliancecoreStrategic or Co-development PartnerNon-profit partnership for West Coast LIHTC Portfolio properties to pursue improvements to safety, quality of life and ensure long-term affordability.
• Hearthstone Housing FoundationcoreStrategic or Co-development PartnerNon-profit partnership for Sharp Leadenhall Apartments in Baltimore, MD as part of the preservation plan for immediate renovations and energy efficiency upgrades.
• Hearthstone Housing FoundationcoreStrategic or Co-development PartnerNon-profit partnership for Lakewood Apartments in Baltimore, MD as part of the acquisition and preservation plan for immediate repairs and social services.
• AndrenaminorStrategic or Co-development PartnerPartnered with HVPG to bring free high-speed internet to residents at Lincoln Park Towers in Newark, NJ.
• Kula Urban FarmsminorStrategic or Co-development PartnerLocal partnership for Asbury Gardens property to develop an urban farm on the property grounds.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Preservation of Affordable Housing (POAH): National nonprofit focused exclusively on preserving affordable rental housing through acquisition, rehabilitation, and long-term stewardship. Closely comparable to HVPG in sole focus on preservation as an asset class, use of LIHTC and HUD programs, and emphasis on resident services.
• Jonathan Rose Companies: One of the largest mission-driven affordable and mixed-income housing preservation and development firms in the US. Directly comparable to HVPG in target asset class (preservation of affordable housing), investor base (institutional impact capital), and use of LIHTC; mentioned in HVPG's data as the prior employer of senior capital-raising hire Kristin Koch.
• The NHP Foundation: National nonprofit affordable housing owner-operator with a portfolio concentrated in LIHTC, Section 8, and HUD-assisted multifamily properties. Comparable to HVPG in preservation-led strategy, NYC/Northeast concentration, and partnerships with mission-oriented nonprofit intermediaries.
• WinnCompanies: Major owner-operator and manager of affordable, workforce, and market-rate multifamily housing across the US. Comparable to HVPG in managing large portfolios of LIHTC and Section 8 subsidized housing, providing property management services, and pursuing preservation acquisitions in similar Northeast and Mid-Atlantic markets.
• L+M Development Partners: Northeast-focused affordable and mixed-income housing developer and owner-operator with deep experience in LIHTC, HUD programs, and partnership with public agencies. Directly comparable to HVPG in geographic concentration, preservation strategy, and use of New York/New Jersey state housing finance agencies.
• Mercy Housing: National nonprofit affordable housing owner-operator with over 50,000 units across 40 states, focused on serving low-income families, seniors, and special needs populations. Comparable to HVPG in mission orientation, LIHTC-heavy preservation strategy, and partnerships with public housing authorities.

Broad incumbents

• Enterprise Community Partners: Major nonprofit developer and LIHTC syndicator operating nationally with deep affordable housing preservation and development activity. Comparable to HVPG in deploying LIHTC equity and pursuing preservation; Enterprise is also named as an HVPG capital partner (provided LIHTC for The Encore), making it both peer and counterparty.
• Related Companies (Affordable): One of the largest US real estate developers with a substantial affordable housing division managing tens of thousands of subsidized units. Comparable to HVPG in targeting LIHTC-financed preservation, but operates at significantly greater scale with mixed-income and market-rate development arms that diversify its revenue base.
• Nuveen Real Estate (TIAA): Large institutional real estate investor with significant affordable and workforce housing exposure through Nuveen Impact Investing. Directly comparable to HVPG in targeting CRA-eligible affordable housing investments; also an HVPG co-investor on multiple large transactions including Riverview House and the Jersey City/Newark portfolio.

Regional players

• The Community Preservation Corporation (CPC): New York-based nonprofit affordable housing lender and developer specializing in multifamily preservation financing. Comparable to HVPG in its preservation focus and NYC concentration, but operates primarily as a CDFI lender rather than a long-term equity owner like HVPG.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HudsonValleyPropertyGroup
• LinkedInlinkedin.com/company/1352905
• Xx.com/hvpghousing

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Hudson Valley Property