Neighborhood Housing Greater New Britain

What Neighborhood Housing Greater New Britain does

Neighborhood Housing Services of New Britain Inc. (doing business as NHS New Britain or NHS Greater New Britain) is a 501(c)(3) community development nonprofit founded in 1978 and headquartered at 223 Broad Street, New Britain, Connecticut. The organization operates a vertically integrated affordable housing model in the Greater New Britain area, comprising (i) development and management of affordable multi-family rental housing (59 apartments currently managed across properties such as Residences on Hart and a portfolio of Broad, Main, Booth, and Silver Street addresses), (ii) a homeownership program that builds, renovates, and resells single-family homes to first-time buyers in New Britain and Bristol (e.g., 5 Halsey Road), (iii) one-on-one housing and financial counseling including foreclosure prevention, and (iv) a catalog of workshops (First-Time Homebuyers, Financial Fitness, Landlord Essentials, Renter Survival, Foreclosure Prevention, Pre-Closing) delivered in English and Spanish both in-person at its 57 Fern Street Center of Excellence and via Zoom.

The organization is governed by a community-based Board of Directors and is a chartered member of the NeighborWorks America network, which underpins its access to technical assistance and restricted funding channels. Cumulative reported impact includes 443 homeowners created, 92 foreclosures prevented, and 2,862 clients counseled or educated. Revenue mechanics combine rental income from managed properties, development fees and grants, contributions (with a public donate link to Anedot), and nominal workshop/counseling program support; specific pricing is not publicly disclosed. The active development pipeline (80 rental units and 11 single-family homes under development, plus the ToolWorks multi-family project) signals ongoing capacity expansion, while no technology platform, SaaS product, API, or AI/ML capability is disclosed. Operations are delivered by approximately 16 staff led by President & CEO Chris Sanders and COO/Director of Finance Ed Loggins.

Name

Neighborhood Housing Greater New Britain

Legal name

Neighborhood Housing Services of New Britain Inc.

Website

https://nhsnb.org

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

Neighborhood Housing Services of New Britain is a 501(c)(3) community development nonprofit in Connecticut that develops and manages affordable rental housing, builds and resells homes to first-time buyers, and delivers bilingual housing counseling and workshops to residents of Greater New Britain and Bristol.

Ownership category

akta.pro rank

Product category

Affordable Housing & Community Development Services

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Lessors of Residential Buildings and Dwellings (531110), Lessors of Residential Buildings and Dwellings (53111)

SIC

Operators Of Apartment Buildings (6513), Operative Builders (1531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro industry

PRIMARYBPAJAFAD

Affordable & Subsidized Housing Property Management (LIHTC, Section 8)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAIANAA

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing)

Business & Public Services/Public Sector & Government Administration/Housing, Urban Planning & Community Development

SECONDARYIMAFABAI

Residential Affordable Housing Development & Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

SECONDARYFSALAKAO

Community Development & Neighborhood Revitalization Housing Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

Keywords

• Affordable housing services
• Housing counseling
• Community development
• Homeownership programs
• Financial education

Headquarters

HQ city

New Britain

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Affordable Housing Development and Management: NHS New Britain generates revenue through developing and managing affordable housing properties, including multi-family rental units and single-family homes for homeownership. As a 501(c)(3) nonprofit organization, the organization likely relies on a combination of development fees, rental income, grants, and charitable contributions.
2. Housing Counseling and Education Services: The organization provides housing counseling and financial education workshops to individuals and families, which may include nominal registration or program fees to support operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Neighborhood Housing Greater New Britain is a 501(c)(3) nonprofit community development corporation that develops and manages affordable rental housing, sells renovated single-family homes to first-time buyers, provides one-on-one housing and financial counseling (including foreclosure prevention), and delivers educational workshops covering first-time homebuyer education, financial fitness, landlord essentials, renter survival, foreclosure prevention, and pre-closing, offered in English and Spanish both in-person and via Zoom.

Product overview

NHS New Britain is a community development nonprofit organization that operates as a multi-service housing organization, not a technology product company. The organization offers a portfolio of housing-related services including: (1) Multi-Family Rental Properties — affordable apartments managed across Greater New Britain (59 units); (2) Home Ownership Program — single-family homes for first-time buyers in Bristol and New Britain; (3) Housing Counseling — one-on-one financial and housing guidance; and (4) Educational Workshops — including First-Time Homebuyers, Financial Fitness, Landlord Essentials, Renter Survival, Foreclosure Prevention, and Pre-Closing workshops, offered in English and Spanish both in-person and via Zoom. The organization also develops new housing through projects like ToolWorks and sells renovated properties such as 5 Halsey Road. There are no technology products, SaaS platforms, APIs, or AI/ML capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Family Rental Properties

Quantifiable outcome

• 443 homeowners created through homeownership programs
• +3 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NeighborWorks AmericacoreStrategic or Co-development PartnerNHS New Britain is a chartered member of the NeighborWorks network, a national organization that supports community development through housing and neighborhood revitalization. This affiliation provides access to resources, best practices, and national recognition for the organization's local initiatives.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Housing Development Fund (HDF): Connecticut-based nonprofit CDFI providing affordable home loans, homebuyer education, and foreclosure prevention counseling. Highly comparable to NHS New Britain's counseling and homeownership program components.
• Neighborhood Housing Services of New Haven: A chartered NeighborWorks affiliate providing affordable housing development, homeownership counseling, and community revitalization in New Haven, CT. Directly comparable as a Connecticut-based NeighborWorks CDFI offering the same integrated housing services.
• Neighborhood Housing Services of Waterbury: NeighborWorks affiliate serving Waterbury, CT with affordable housing development, counseling, and community programs. A direct peer operating the same integrated model in an adjacent Connecticut market.

Broad incumbents

• Enterprise Community Partners: National nonprofit investing in affordable housing development and community development financial institutions. Comparable mission and intervention toolkit, with much broader geographic scope and capital base.
• Local Initiatives Support Corporation (LISC): National CDFI that finances and supports local community development organizations, including NeighborWorks affiliates. Overlapping mission in affordable housing and neighborhood revitalization, though operating at much greater scale and geographic breadth.
• NeighborWorks America: National network of which NHS New Britain is a chartered member. Provides training, capital, and standards to affiliated local housing nonprofits; an umbrella peer and strategic counterparty rather than a direct competitor.
• Mercy Housing: Large national nonprofit developer and manager of affordable multifamily housing. Comparable on the affordable rental housing development and management side, though at substantially greater scale and national footprint.
• Habitat for Humanity of Connecticut: Statewide Habitat affiliate building affordable single-family homes and providing homebuyer education. Broader scope and national brand recognition, but overlapping first-time homebuyer focus and sweat-equity development model.

Regional players

• Connecticut Housing Finance Authority (CHFA): State housing finance agency providing below-market mortgage loans, down payment assistance, and financing for affordable rental development. A partner of NHS New Britain and a comparable provider of affordable housing finance in the same geography.
• Hartford Area Habitat for Humanity: Regional Habitat affiliate serving the Hartford metro, including nearby towns to NHS New Britain's territory. Comparable affordable homeownership development and counseling model in an adjacent Connecticut geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@NeighborWorksNHSNewBritain
• Facebookfacebook.com/NHSNEWBRITAIN
• LinkedInlinkedin.com/company/neighborhood-housing-services-of-new-britain-inc.
• Instagraminstagram.com/neighborworks
• Xx.com/nhsnbi

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Neighborhood Housing Greater New Britain