Innova Services Corporation

What Innova Services Corporation does

Innova Services Corporation is a Philadelphia-based professional services firm specializing in the development, construction, and energy certification of multi-family housing, with a primary focus on affordable and LIHTC-financed projects. Founded in 1999 by Jeffrey Allegretti and now led by President Ben Blackburn, the company operates four integrated service lines through the parent and its wholly-owned subsidiaries: Project Management (owner representation during design and construction of multi-family and mixed-use developments), Innova Building Advisors (whole-building energy assessments, energy modeling using PHPP, WUFI, REM-RATE, and other tools, and certification for ENERGY STAR, Passive House, and DOE Zero Energy Ready Home), Innova Green Builders (general contracting for urban infill rowhomes and tenant-in-place multifamily renovations), and Innova Redevelopment (development of ultra-low energy affordable homes in Philadelphia's Point Breeze neighborhood).

The firm targets multi-family housing developers, affordable housing developers using LIHTC financing, public housing authorities, and urban redevelopment stakeholders, with a cumulative project management portfolio exceeding 24,479 units across 20 states. Its business model is professional services, supplemented by construction pass-through revenue from general contracting and property sales from redevelopment; all services are custom-quoted based on project scope under multi-year engagements. The company has three offices (Philadelphia, Newburyport, Baltimore) and has received industry recognition including the 2021 ENERGY STAR Market Leader Award and the 2018 ULI Award for Excellence. Underlying technology consists of green building certification workflows and energy modeling software, supplemented by a proprietary milestone-based design review methodology; the firm has not disclosed any AI/ML capabilities.

Name

Innova Services Corporation

Legal name

Innova Services Corporation

Website

https://innovaservices.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Innova Services Corporation is a Philadelphia-based professional services firm providing project management, energy consulting, general contracting, and real estate development for multi-family and affordable housing developers, housing authorities, and property owners across 20 states.

Ownership category

akta.pro rank

Product category

Multifamily Housing Professional Services

NAICS

Management Consulting Services (54161), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

akta.pro secondary industry

Performance Contracting & Energy-as-a-Service (EaaS) for Buildings (BPABAGAN)

Keywords

• Multifamily housing services
• Construction project management
• Green building consulting
• Energy efficiency certification
• General contracting renovations

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Management Services: Owner representation services during design and construction of multi-family housing projects; includes design review, constructability analysis, cost containment, and construction administration
2. Energy Consulting & Certification Services: Green building consulting, program certification (ENERGY STAR, Passive House, Zero Energy Ready), energy audits, and capital needs assessments for multifamily developers
3. General Contracting: Urban infill and renovation construction services including tenant-in-place renovations and new rowhome construction; revenue from construction contract fees
4. Real Estate Development: Development of ultra-low energy homes through renovation of existing stock and development of formerly vacant parcels; revenue from property sales

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Innova Services Corporation is a multi-family housing professional services firm offering owner-representation project management, energy consulting and green building certification, general contracting for renovations and new construction, and real estate development of ultra-low energy homes. The company serves affordable and market-rate multifamily developers, property owners, and public housing authorities across the mid-Atlantic and New England regions, with a portfolio spanning more than 24,000 housing units and $2.5 billion in project value.

Product overview

Innova Services Corporation is a multi-family construction professional services firm offering four integrated service lines: Project Management (owner representation during design and construction), Innova Building Advisors (energy certification, green building consulting, and building analytics), Innova Green Builders (general contracting for renovations and new construction), and Innova Redevelopment (development of ultra-low energy homes). The company also produces educational content through its Rowhome 2.0 Video Series. The portfolio spans project management for over 24,000 units across 20 states.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Management

Quantifiable outcome

• 338 ENERGY STAR certified homes and apartments delivered in 2020 alone
• +5 more outcomes

Named customers5 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

Feature4 records

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Pennrose: Pennrose is the affordable housing developer whose service company was Innova's predecessor (assets purchased in 2009). Both operate in the LIHTC multifamily space with overlapping developer and housing authority clients, making Pennrose the most direct comparable peer.
• WinnCompanies: WinnCompanies is one of the largest affordable and mixed-income housing developers/managers in the U.S., with comparable multi-state LIHTC project delivery, energy retrofit programs, and housing authority relationships that overlap with Innova's customer base.
• Beacon Communities: Beacon Communities is a national affordable housing developer and manager with similar focus on LIHTC-financed multifamily development, energy-efficient construction, and partnerships with public housing authorities.
• The NRP Group: NRP is a national developer, owner, and builder of affordable, mixed-income, and market-rate multifamily housing. Like Innova, it operates an integrated development-plus-construction model in the LIHTC space.
• Preservation of Affordable Housing (POAH): POAH is a nonprofit developer and operator focused on preserving and improving affordable rental housing, often through RAD conversions and LIHTC recapitalizations—a workflow that mirrors Innova's NYCHA and DCHA project work.
• Slipstream Group: Slipstream is a nonprofit energy efficiency and sustainable building consultancy that delivers ENERGY STAR, Passive House, and weatherization services for affordable housing—directly comparable to Innova Building Advisors.
• BRIDGE Housing: BRIDGE Housing is a West Coast-focused nonprofit affordable housing developer and manager with comparable expertise in LIHTC-financed multifamily development and energy-efficient construction practices.

Broad incumbents

• CLEAResult: CLEAResult is the largest North American energy efficiency consultancy with deep utility-program relationships and nationwide delivery. It competes with Innova Building Advisors for ENERGY STAR/Passive House certification mandates, though at much larger scale and across more verticals.
• Enterprise Community Partners: Enterprise is a national nonprofit that combines LIHTC development, advisory services, and energy/sustainability programs for affordable housing. Its Green Communities criteria overlap directly with Innova Building Advisors' consulting practice.
• Hunt Companies: Hunt is a diversified real estate company with significant affordable and military housing development, asset management, and construction oversight capabilities—comparable in scope but operating at much larger scale than Innova.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/innovaservicescorp
• LinkedInlinkedin.com/company/innova-services-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries4 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 Innova Services Corporation