Connolly and Partners

What Connolly and Partners does

Connolly and Partners, LLC is a Manchester, Connecticut-based developer of affordable, workforce, and mixed-income housing founded in 2005. The company develops and preserves housing communities in perpetuity under affordable guidelines, with a portfolio of 18 operating and in-development communities comprising approximately 2,300 units across nine states in the New England, Mid-Atlantic, and Gulf regions. Programs include Section 202 senior housing, Section 8, LIHTC workforce and family housing, and mixed-income properties, with LEED-credentialed sustainable design and recognized green building features including co-generation, water capture, green roofs, and solar technology.

The company operates an integrated platform through its affiliate relationship with First Hartford Corporation, a 75+ year real estate conglomerate. Development at Connolly is paired with construction delivered by EH&N Construction Company (founded 1998, with $200M+ in completed contracts and 25+ projects annually) and property management delivered by FHRC Management Corporation, which provides resident engagement, regulatory compliance, and maintenance services across HUD multifamily, elderly housing, and LIHTC programs. Resident engagement services extend beyond housing into casework, financial literacy, wellness programs, and veteran benefits. A resident and applicant portal provides digital access across Connecticut, Delaware, Massachusetts, New Jersey, New York, Pennsylvania, and Rhode Island.

Connolly's revenue model combines rental income from affordable housing communities, development fees for ground-up construction, adaptive reuse, and multifamily rehabilitation projects, and managed services fees from FHRC's property management activities. Pricing on rental units is determined by program-based income eligibility criteria rather than market rates. The go-to-market relies on public-private and profit-nonprofit partnerships with housing authorities, municipal governments, and service organizations, with each community operating its own on-site leasing office. The company has maintained a 20-year track record in which every property developed remains under affordable guidelines.

Name

Connolly and Partners

Legal name

Connolly and Partners, LLC

Website

https://connollyllc.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Connolly and Partners is a Connecticut-based affordable housing developer that builds and preserves Section 202, LIHTC, and mixed-income communities across nine states. It operates an integrated development, construction, and property management platform as a First Hartford affiliate, serving low-income seniors, working families, and government/non-profit partners.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

Keywords

• Affordable housing development
• Real estate development
• Property management services
• Construction management
• Workforce housing

Headquarters

HQ city

Manchester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Income: Monthly rental income from operating affordable housing communities including senior housing (Section 202), family housing (LIHTC), and mixed-income properties across 18 communities.
2. Development Fees: Fees generated from real estate development services for affordable housing projects, including ground-up construction, adaptive reuse, and multifamily rehabilitations.
3. Property Management Services: Property management services provided through FHRC Management Corporation to communities developed by Connolly and Partners, First Hartford, and select other housing providers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Connolly and Partners is a specialized developer of affordable, workforce, and mixed-income housing that operates an integrated platform spanning real estate development, construction management, property management, resident engagement, and asset management. The company develops and operates Section 202 senior housing, LIHTC family and mixed-income properties, and Section 8 communities, primarily through partnerships with housing authorities, government entities, and non-profit organizations across nine states.

Product overview

Connolly and Partners operates as an integrated affordable housing development platform offering five interconnected service areas: Real Estate Development (core competency in affordable/workforce/mixed-income housing), Construction Management (via EH&N Construction Company subsidiary), Property Management (via FHRC Management Corporation subsidiary), Resident Engagement, and Asset Management. The company maintains an 18-community portfolio spanning 9 states with approximately 2,300 units. The integrated approach means development projects are managed from inception through construction to ongoing property and resident management, with affiliates providing specialized construction and property management services under a unified strategy. The company also provides digital access via a Resident and Applicant Portal connecting tenants to their communities.

Differentiator

Problem solved

Functional benefit

Brands

• EH&N Construction Company: General contractor for projects developed by Connolly and Partners, First Hartford, and select other developers. Specializes in ground-up construction, adaptive reuse, and multifamily rehabilitations.
• FHRC Management Corporation

Products and services

• Real Estate Development Core development service specializing in affordable, workforce, and mixed-income housing including ground-up construction, adaptive reuse, and multifamily rehabilitations. Targeted at housing authorities, municipal governments, and non-profit partners in New England, Mid-Atlantic, and Gulf regions.
• Construction Management (EH&N Construction Company) General contracting and construction management services delivered through affiliate EH&N Construction Company. Handles ground-up construction, adaptive reuse, and multifamily rehabilitations for LIHTC, HUD 223(f), HOPE VI, and LEED-certified developments.
• Property Management (FHRC Management Corporation) Property management services delivered through affiliate FHRC Management Corporation covering administration, maintenance, regulatory compliance, and resident engagement for HUD multifamily programs, elderly housing, and LIHTC properties.
• Resident Engagement

Quantifiable outcome

• 18 communities with 2,300 units maintained under affordable guidelines
• +2 more outcomes

Named customers5 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

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• First Hartford CorporationcoreStrategic or Co-development PartnerFirst Hartford Corporation is the parent/affiliate company of Connolly and Partners. With real estate roots going back more than 75 years and a history of innovations, First Hartford provides the organizational backbone including construction (EH&N Construction Company) and property management (FHRC Management Corporation) capabilities.
• EH&N Construction CompanycoreImplementation/ SI/ Consulting PartnerEH&N Construction Company, a First Hartford company, serves as the general contractor for projects developed by Connolly and Partners. Founded in 1998, EH&N has completed more than $200 million in construction contracts and manages more than 25 construction projects annually including LIHTC properties, HUD 223(f), HOPE VI, and LEED-certified developments.
• FHRC Management CorporationcoreImplementation/ SI/ Consulting PartnerFHRC Management Corporation, a First Hartford company, provides property management services for communities developed by Connolly and Partners. FHRC delivers integrated property management including resident engagement, regulatory compliance, and maintenance services with experience spanning HUD multifamily programs, elderly housing, and LIHTC properties.
• Xenolith PartnersminorStrategic or Co-development PartnerDevelopment partner for Oak Tree Village I, a 72-unit LIHTC garden-style apartment community in historic Griswold, CT.
• B'nai B'rithminorStrategic or Co-development PartnerNon-profit partner for Fountain Heights, a 40-unit Section 202 senior garden-style apartment community in New Haven, CT.
• Clarendon Hill Towers Tenant AssociationminorStrategic or Co-development PartnerTenant association partnership for Clarendon Hill Towers, a 501-unit Section 8 and LIHTC high-rise apartment community in Somerville, MA.
• Rockland Housing AuthorityminorStrategic or Co-development PartnerGovernment partner for Spring Gate Apartments redevelopment, a 204-unit Section 8 and LIHTC garden-style apartment community in Rockland, MA.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• National Church Residences: National nonprofit affordable senior housing developer with deep Section 202 specialization, operating thousands of senior units across multiple states. Highly comparable senior housing focus and Section 202 program expertise.
• The NHP Foundation: National nonprofit affordable housing preservation and development organization operating across multiple states with integrated property management. Comparable Section 8/LIHTC portfolio mix and preservation-driven approach.
• Beacon Communities: For-profit affordable housing developer with integrated development, construction, and property management capabilities serving the Northeast and Mid-Atlantic. Highly comparable operating model and geographic footprint to Connolly.
• L+M Development Partners: For-profit affordable and mixed-income housing developer concentrated in the Northeast and Mid-Atlantic with integrated development, construction, and asset management. Directly comparable integrated platform serving similar markets and tenant base.
• The Community Builders: National nonprofit affordable housing developer and operator with approximately 12,000 units across the Northeast, Mid-Atlantic, and other markets. Comparable integrated development, property management, and resident services model.
• WinnCompanies: Largest manager and developer of affordable and mixed-income housing in the Northeast US, with over 100,000 units under management. Directly comparable as an integrated developer/owner/manager of multifamily affordable housing across similar geographies.
• BRIDGE Housing Corporation: Nonprofit developer of affordable and workforce housing with approximately 13,000 units across the West Coast and select national markets. Comparable integrated development-to-management model and LIHTC expertise.
• Volunteers of America National Services: National nonprofit developer and operator of affordable and supportive housing, including senior and family communities, with comparable reliance on LIHTC, Section 202, and Section 8 programs.
• Preservation of Affordable Housing (POAH): National nonprofit focused on preserving and operating affordable rental housing, with a portfolio of approximately 13,000 units across 11 states. Comparable mission-driven preservation focus and integrated owner/manager model.

Broad incumbents

• Enterprise Community Partners: Large national nonprofit with affordable housing development, lending, and policy advocacy arms, operating over 15,000 units and deploying billions in capital. Comparable affordable housing focus but at substantially larger scale with broader financial and advisory capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ConnollyRE

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Connolly and Partners