Fordham Bedford Housing Corporation

What Fordham Bedford Housing Corporation does

Fordham Bedford Housing Corporation (FBHC) is a non-profit, community-sponsored affordable housing developer and manager founded in 1980 in the Northwest Bronx by a group of local residents responding to neighborhood housing deterioration, arson, and tax foreclosures. Headquartered at 2751 Grand Concourse in the Bronx, the organization has grown from managing 56 apartments in 4 buildings to supervising 130 buildings with over 4,000 affordable apartments across Bronx Community Boards 5, 6, and 7, serving low-income families, seniors, homeless families, and immigrant and youth populations. Its development portfolio includes named projects such as West Farms Square (526 units renovated with UNHP starting 2011), Serviam Campus (430+ senior units opened from 2009), Mt Sharon (106 units acquired 2001, renovated 2016), Tiebout Green (20 units, 2014), Jacob's Place (63 units with an early childhood center), Bronxview (114 mixed-income units, ~2021), and Park Gates (73 units, renovation underway 2024). Affiliated organizations Concourse House (transitional housing for homeless families) and Fordham Bedford Community Services (family strengthening) extend service delivery beyond housing.

Name

Fordham Bedford Housing Corporation

Legal name

Fordham-Bedford Housing Corporation

Website

https://fordham-bedford.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Fordham Bedford Housing Corporation is a non-profit, community-sponsored developer and manager of affordable housing founded in 1980 that oversees 130 buildings and over 4,000 apartments in the Northwest Bronx for low-income families, seniors, homeless families, and immigrant communities.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Other Community Housing Services (624229)

SIC

Operators Of Apartment Buildings (6513), Operative Builders (1531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Property management services
• Community housing corporation
• Senior housing services
• Housing preservation

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Residential Rent: Revenue generated from tenant rent across 130 buildings and over 4000 affordable apartments. Tenants often pay more than 50% of their income towards rent due to economic circumstances.
2. Government Subsidies and Grants: Non-profit receives government and private funds, including early funding from the Campaign for Human Development, NYS Weatherization Assistance Program, and construction funds for renovation projects.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Fordham Bedford Housing Corporation is a non-profit, community-sponsored developer and manager of affordable housing in the Northwest Bronx. Founded in 1980, it oversees a portfolio of approximately 130 buildings with more than 4,000 affordable apartments and provides property management, development, and preservation services targeted at low-income families, seniors, homeless families, and immigrant populations in Bronx Community Boards 5, 6, and 7.

Product overview

Fordham Bedford Housing Corporation (FBHC) operates as a non-profit community-sponsored developer and manager of affordable housing in the Northwest Bronx. Founded in 1980, the organization oversees a portfolio of distinct housing products and services, including property management of approximately 130 buildings with nearly 4,000 affordable apartments, major development projects (West Farms Square, Serviam Campus, Mt Sharon, Park Gates, Tiebout Green, Jacob's Place, Bronxview), and affiliate organizations (Concourse House for transitional housing, Fordham Bedford Community Services for family support). The portfolio includes senior housing, family housing, and homeless family services, with development emphasizing green building practices and energy efficiency.

Differentiator

Problem solved

Functional benefit

Brands

• FBHC: Abbreviated name for Fordham Bedford Housing Corporation used on website and official materials

Products and services

• West Farms Square An affordable housing development consisting of eight buildings with 526 units originally constructed in the early 1970s. FBHC partnered with the University Neighborhood Housing Program to perform substantial renovations including bathroom and kitchen upgrades, energy-efficiency improvements, high-efficiency boiler replacements, sub-metering, and steam-to-hydronic heating conversions. Provides affordable homes for low- and middle-income families.
• Serviam Campus A multiphase affordable senior housing development consisting of Serviam Gardens, Serviam Towers, and Serviam Heights with over 430 units. Features include a Senior Community Life Center, wellness center, game room, library, resident vegetable gardens, media room, rooftop garden terrace, Energy Star appliances, low-flow fixtures, low-emissive windows, and bamboo flooring. Targets low-income senior citizens.
• Mt Sharon Three multifamily residential properties with 106 units acquired by FBHC in 2001. Properties underwent significant renovation completed in April 2016, including new plumbing, electrical upgrades, bathroom and kitchen updates, improved insulation, new windows, roof repair, cool roof coating, and 90% thoroseal. Provides affordable housing for Northwest Bronx residents.
• Park Gates A development project encompassing five apartment buildings at 1854 Monroe Avenue, 2068, 2072, and 2078 Bathgate Avenue, and 4619 Park Avenue. Currently undergoing a 24-month renovation process to preserve 73 units of affordable housing for the Bronx community.
• Tiebout Green A 7-story, 20-unit affordable apartment building built in 2014 at 2311 Tiebout Avenue, consisting of one studio, seven one-bedroom, and 11 two-bedroom apartments. Features sustainability systems including solar thermal for heat and domestic hot water, rainwater harvesting for toilets, and a green roof garden terrace. Targets low-income families.
• Jacob's Place A 63-unit apartment building at 2350 Webster Avenue with a 6-classroom early childhood center, built on four vacant lots. Honors community leader Astin Jacobo and represents the completion of a 15-year effort to restore housing along a five-block stretch of Webster and Park Avenues for low-income families.
• Bronxview An 8-story mixed-income building at 2885 Marion Avenue featuring 114 apartments (26 one-bedroom, 66 two-bedroom, 22 three-bedroom) with a community childcare facility. Includes energy-saving and green elements including a rainwater harvesting system for irrigating outdoor areas. Targets low-income families in the Northwest Bronx.
• Property Management Services Core property management services overseeing nearly 4,000 units across 130 buildings, providing financial services, building maintenance supervision, and coordinating major repairs and renovations in occupied buildings. Scales from initial efforts in 56 apartments in 4 buildings to current portfolio footprint serving Northwest Bronx residents.
• Concourse House (Affiliate) Affiliate organization working to eliminate homelessness by providing families with safe, stable, transitional housing. Offers services and interactive programs that promote growth and independence, with emphasis on stability and healthy independent living. Targets homeless and at-risk families in the Bronx.
• Fordham Bedford Community Services (Affiliate) Affiliate organization seeking innovative ways to strengthen families by providing a variety of programs and services. Works in partnership with the community and other local not-for-profit organizations to address the needs of a long-neglected Bronx community. Targets youth, elderly, and immigrant populations.

Quantifiable outcome

• 130 buildings and 4,000+ affordable apartments supervised
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• University Neighborhood Housing Program (UNHP)coreStrategic or Co-development Partner · 1 May 2011FBHC teamed up with UNHP in May 2011 to begin a major overhaul of West Farms Square (526 units, 8 buildings). The partnership addressed deferred maintenance, performed significant renovations, restored affordable homes, improved energy efficiency, and reduced operational costs. The partnership also provides data on housing conditions, costs, health, education, and incomes in the Bronx.
• Ursuline Bedford Park ConventcoreStrategic or Co-development PartnerFBHC purchased land from the Ursuline Bedford Park Convent (located at 2885 Marion Avenue) in November 2016 for Bronxview development. The organization also developed the Serviam Campus on land leased from the Ursuline Sisters of the Bedford Park Convent of Mt. St. Ursula.
• Concourse HousecoreOthersAffiliated organization working to eliminate homelessness by providing families with safe, stable, transitional housing, along with services and interactive programs that promote growth and independence.
• Fordham Bedford Community ServicescoreOthersAffiliated organization seeking innovative ways to strengthen families by providing a variety of programs and services. Works in partnership with the community and other local not-for-profit organizations to address the needs of a community that has long been neglected.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Phipps Houses: One of NYC's largest non-profit affordable housing developers and operators, with a multi-thousand-unit portfolio. Directly comparable to FBHC in mission, scale, and geography (NYC) though with broader borough coverage.
• Volunteers of America Greater New York: Non-profit providing supportive and affordable housing across NYC including transitional and senior housing. Comparable to FBHC in combining housing with human services for vulnerable populations.
• Breaking Ground: NYC non-profit provider of supportive and affordable housing with services for homeless and vulnerable populations. Comparable to FBHC's Concourse House affiliate and similar mission of housing-plus-services.
• L+M Development Partners: NYC-based affordable and mixed-income housing developer. Comparable to FBHC in developing and preserving multifamily affordable housing in the Bronx, though structured as a for-profit with institutional capital.
• Community Preservation Corporation (CPC): NYC non-profit affordable housing lender and developer with deep Bronx portfolio history. Comparable to FBHC in Bronx affordable-housing focus, though CPC's model is more capital-deployment than direct property operation.
• Catholic Charities of the Archdiocese of New York: Faith-based non-profit operating affordable and supportive housing programs across NYC including the Bronx. Comparable to FBHC in community-rooted, service-enriched housing model.
• Monadnock Development: Bronx-based affordable and supportive housing developer. Direct peer given shared Bronx geography, multifamily affordable focus, and similar non-profit/mission-aligned ethos.
• Habitat for Humanity New York City: Non-profit affordable housing developer focused on NYC including the Bronx. Comparable in mission and geography, though focused more on homeownership pathways than FBHC's rental model.

Broad incumbents

• The Related Companies: One of the largest US developers of affordable and mixed-income housing with extensive NYC presence including the Bronx. Comparable in product type (affordable multifamily) but materially larger and more diversified than FBHC.
• Enterprise Community Partners: National non-profit that finances, develops, and operates affordable housing. Comparable in mission and NYC presence (including the Bronx) but operates at much greater national scale and capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 Fordham Bedford Housing Corporation