Haan Development

Name

Haan Development

Legal name

Haan Development

Website

https://haandev.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Affordable Housing Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (2361), Residential Property Managers (531311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Affordable housing development
• Multifamily real estate
• Workforce housing
• LIHTC development
• Housing development consulting

Headquarters

HQ city

Harbor Springs

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Development Fees: Earns development fees as sponsor, co-developer, or fee developer for housing projects. Involvement ranges from early feasibility guidance to comprehensive development leadership.
2. LIHTC Equity Syndication: Structures Low-Income Housing Tax Credit (LIHTC) developments and coordinates with tax credit investors to deliver equity capital for affordable housing projects.
3. Acquisition and Recapitalization: Generates revenue through acquisition, recapitalization, and repositioning of existing housing assets to enhance performance, extend affordability, or ensure long-term sustainability.
4. Portfolio Ownership: Maintains ownership stakes in developed housing portfolio creating ongoing asset management revenue streams.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Haan Development is a multifamily real estate developer that creates affordable and workforce housing through Low-Income Housing Tax Credit (LIHTC) financing and public-private partnerships. The company acts as sponsor, co-developer, or fee developer, managing the full development lifecycle from feasibility and site evaluation through financing, construction, and stabilization. It also acquires, recapitalizes, and repositions existing housing assets to extend affordability and enhance long-term performance.

Product overview

Haan Development operates as a multifamily real estate development company offering a unified suite of housing development services rather than a software product platform. The core offering centers on affordable and workforce housing development using LIHTC financing and public-private partnerships. The service portfolio includes Feasibility & Site Evaluation, Equity Investment Opportunities, Development & Co-Development Structures, and Acquisition/Recapitalization/Repositioning of Existing Housing. As sponsor, co-developer, or fee developer, the company manages the full development lifecycle from feasibility through stabilization. The company is supported by affiliated services including NLR Property Management for ongoing property operations and Framework Building Group for construction-related activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development

Quantifiable outcome

• Successfully developed a portfolio of more than 1,300 housing units
• +2 more outcomes

Segments5 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.

• NLR Property ManagementcoreStrategic or Co-development PartnerNLR Property Management is an affiliated company led by Gerald Haan as President. It provides integrated property management services supporting the firm's housing and community development approach. The affiliation enables seamless coordination between development and property operations.
• Framework Building GroupcoreStrategic or Co-development PartnerFramework Building Group is an affiliated company led by Gerald Haan as President, supporting the integrated approach to housing and community development.
• Michigan Lumber CompanycoreStrategic or Co-development PartnerMichigan Lumber Company is an affiliated company led by Gerald Haan as President, supporting the integrated approach to housing and community development.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pennrose: Multifamily developer and manager specializing in affordable and mixed-income LIHTC housing across multiple states, mirroring Haan's development-plus-management model.
• Dominium: One of the largest affordable and workforce housing developers, owners, and managers using LIHTC, directly comparable in business model and resident focus.
• The Michaels Organization: National affordable/workforce housing developer, owner, and property manager, integrating development and operations like Haan.
• McCormack Baron Salazar: Affordable and mixed-income community developer working with public agencies and LIHTC, closely aligned with Haan's public-private partnership approach.
• Woda Cooper Companies: Developer, builder, and manager of affordable LIHTC housing in the Midwest and beyond, matching Haan's vertically integrated regional model.
• Gorman & Company: Midwest-rooted affordable and workforce housing developer using LIHTC and public-private financing, comparable in geography and product.
• Herman & Kittle Properties: Integrated affordable housing developer, builder, and manager focused on LIHTC multifamily, similar scale and vertically integrated structure.

Emerging players

• Preservation of Affordable Housing (POAH): Mission-driven affordable housing developer and preservation specialist; overlaps with Haan's acquisition/recapitalization and affordability-preservation work.

Broad incumbents

• The Related Companies: Large diversified developer with a major affordable housing arm (former employer of Haan's VP Development); overlapping capabilities at far greater scale.

Others

• National Church Residences: Nonprofit developer and operator of affordable senior and family housing; adjacent mission-driven player serving similar resident segments.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/g-a-haan-development
• Facebookfacebook.com/HaanDevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 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 Haan Development