Eastern Connecticut Housing Opportunities

Name

Eastern Connecticut Housing Opportunities

Legal name

Eastern Connecticut Housing Opportunities, Inc.

Website

https://echohomes.org

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Services to Buildings and Dwellings (5617), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Mixed-income rental housing
• Workforce housing solutions
• Affordable property management
• Community housing services

Headquarters

HQ city

New London

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. Rental Income: Revenue generated from leasing apartments across their portfolio of properties in eastern Connecticut towns (Groton, Montville, New London, Norwich). Units serve both market-rate and affordable housing tenants with income-based pricing at various AMI levels (50-120%).
2. Consulting Services: Expert consulting fees for real estate developers, property owners, nonprofits, and communities seeking to create mixed-income and affordable housing. Services include housing needs assessments, project feasibility analysis, funding strategy, and development planning.
3. Grant Funding: ECHO receives grants from government agencies (DOH, CDBG) and foundations (Liberty Bank Foundation) to fund housing initiatives, property acquisitions, and energy efficiency improvements.
4. Property Management Services: In-house property management of their housing portfolio ensuring safe, well-maintained communities with dedicated maintenance teams.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Eastern Connecticut Housing Opportunities (ECHO) is a nonprofit housing developer and property manager that creates, acquires, and operates affordable and mixed-income rental housing across eastern Connecticut. The organization develops new construction, rehabilitates existing properties, and manages a portfolio of 1, 2, and 3-bedroom apartments serving households from 50% to 120% of Area Median Income. ECHO also provides affordable housing consulting, grant writing/management, and community engagement services to external developers, nonprofits, and municipalities.

Product overview

Eastern Connecticut Housing Opportunities (ECHO) is a nonprofit housing development and property management organization. The company's core product is affordable rental housing, providing apartments across eastern Connecticut towns (Groton, Montville, New London, Norwich) with approximately 999 units created over 36 years. ECHO offers market-rate and affordable units serving a wide range of residents from seniors to low-income individuals. The organization also provides complementary services including Affordable Housing Consulting (housing needs assessments, feasibility analysis, funding strategy, development planning), Grant Writing & Management (CDBG, LIHTC, CHFA programs), Property Management (portfolio oversight and tenant relations), and Community Engagement (supporting local nonprofits).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 999 units of housing created over 36 years
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles2 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 major and minor.

• Community Nonprofit OrganizationsmajorStrategic or Co-development PartnerECHO partners with local communities and nonprofit organizations across eastern Connecticut to expand housing opportunities. They actively support local nonprofit organizations to build stronger relationships and create community opportunities.
• IMA RealtyminorChannel Partner/ Reseller/ DistributorThird-party property management partner for rental units at 130 Washington St. in Norwich, CT. Kathy Dubay serves as contact for these specific rental units.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• WinnCompanies: Major multifamily property manager and developer with a large affordable housing portfolio across the U.S. Comparable as a broad incumbent that develops and manages affordable and mixed-income rental housing at scale, including LIHTC and Section 8 properties.
• Pennrose: Northeast-focused developer and manager of affordable, mixed-income, and mixed-use housing. Comparable as a broad incumbent using LIHTC and similar financing stacks to develop affordable rental communities in the same regional footprint.
• Enterprise Community Partners: National nonprofit that invests, develops, and advocates for affordable housing across the U.S. Comparable as a broad incumbent operating in the same affordable housing development and LIHTC ecosystem, though at vastly greater scale and geographic breadth.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and develops affordable rental housing across multiple U.S. states. Comparable as a broad incumbent with a similar mission-driven approach to acquiring, rehabilitating, and operating affordable multifamily properties.
• Beacon Communities: Large nonprofit developer and manager of affordable and mixed-income housing across the Northeast and Mid-Atlantic. Comparable as a broad incumbent operating at greater scale with the same LIHTC-driven affordable rental model and similar mixed-income tenant mix.

Emerging players

• Local Initiatives Support Corporation (LISC): National CDFI and community development organization that finances affordable housing and related development nationwide. Comparable as an emerging/thematic peer providing capital and capacity-building to local affordable housing developers, including Connecticut-area community organizations.

Direct peers

• Housing Development Fund (Connecticut): Connecticut-based nonprofit CDFI that finances affordable housing and homeownership across the state. Directly comparable as a peer operating in the same Connecticut affordable housing ecosystem, with overlapping LIHTC, CHFA, and down-payment assistance programs.
• Mutual Housing Association of South Central Connecticut: Nonprofit affordable housing developer and manager operating across Connecticut with a similar mixed-income, multi-town model. Directly comparable as a peer nonprofit focused on developing and operating affordable rental housing for low- and moderate-income households in the same state.

Regional players

• Partnership for Strong Communities (Connecticut): Connecticut-focused housing policy and advocacy organization that also supports affordable housing development and preservation statewide. Comparable as a regional peer working with the same state agencies (DOH, CHFA) on affordable housing outcomes in Connecticut.
• Habitat for Humanity of Eastern Connecticut: Local Habitat affiliate serving eastern Connecticut with affordable homeownership and rehabilitation programs in similar towns. Comparable as a regional peer in the same geography addressing affordable housing for low-income households, though focused on ownership rather than rentals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eastern-connecticut-housing-opportunities-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

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 Eastern Connecticut Housing Opportunities