What MHT Housing does

MHT Housing, Inc. is a Michigan-based non-profit 501(c)(3) affordable housing developer and operator founded in 1990 and headquartered in Bingham Farms, Michigan. The organization develops, acquires, rehabilitates, and manages affordable rental housing for low-income families earning at or below 60 percent of Area Median Income (AMI) — with units targeting both ≤40 percent and ≤60 percent AMI thresholds — and for seniors aged 55 and older. Across more than thirty years of operation, MHT has built, financed, and operated over fifty apartment communities across Michigan, including identifiable properties such as Chase Run III (160 units, Mt. Pleasant), Silver Creek Apartments (111 units, Flat Rock), Dearborn Town Center Senior (83 units, Dearborn), Ambrose Ridge (84 units, Grand Rapids), Jennings Senior Living (46 units, Detroit, in a National-Register adaptive re-use), Cathedral Arts Apartments (Detroit), Bailey Center Apartments (Lansing), and Calumet Townhomes (Detroit), with newer developments including 9100 on Gratiot (25 units, Detroit).

Name

MHT Housing

Legal name

MHT Housing, Inc.

Website

https://mhthousing.net

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

MHT Housing is a Michigan-based non-profit 501(c)(3) developer and operator of affordable housing, managing more than 50 apartment communities across the state for low-income families at or below 60% AMI and for seniors through LIHTC and HUD financing.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Lessors of Residential Buildings and Dwellings (53111)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

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

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Affordable & Public Housing Asset Management (BPAJAMAI), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Affordable housing development
• Low income housing
• LIHTC housing financing
• Senior housing communities
• Property management services

Headquarters

HQ city

Detroit

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Affordable Housing Development: MHT Housing develops affordable housing communities through new construction and acquisition/rehabilitation of existing properties. Revenue is generated through government-supported financing structures, including Low-Income Housing Tax Credits (LIHTC), HUD-insured mortgages, and gap financing from local, state, and federal sources. When investors purchase low-income housing tax credits, it allows MHT to lower mortgage amounts and reduce rent, making housing affordable for lower-income residents.
2. Property Management Services: MHT Housing and its management affiliates (Continental Management, MHT Management) manage affordable housing communities, providing property management services to residents who pay rent. Success is driven by commitment to excellence in property management.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

MHT Housing, Inc. is a non-profit 501(c)(3) developer of affordable housing that develops, finances, and manages multifamily rental communities for low-income families and seniors across Michigan. Its work spans new construction and acquisition/rehabilitation of existing housing stock, funded primarily through MSHDA's Low-Income Housing Tax Credit (LIHTC) program, HUD-insured mortgages, and gap financing from local, state, and federal sources. The organization also provides ongoing property management through affiliated entities (Continental Management, MHT Management) and resident support programs.

Product overview

MHT Housing, Inc. is a non-profit 501(c)(3) affordable housing developer established in 1990. The company operates as a unified portfolio of housing development and management services, including property development (new construction and acquisition/rehabilitation), project financing utilizing LIHTC and HUD programs, property management through affiliated companies Continental Management and MHT Management, and community service programs. Their portfolio includes specific property listings such as 9100 on Gratiot, Dearborn Town Center Senior, Jennings Senior Living, Chase Run, Silver Creek Apartments, and Ambrose Ridge. The company also operates resident support programs including a Summer Workforce Program for teen residents and an Eviction Diversion Program, all aimed at community revitalization and providing quality affordable housing for families and seniors.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development

Quantifiable outcome

• Over 50 affordable housing communities developed and operated since 1990
• +3 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• American House Senior Living / REDICO Holdings, LLCcoreStrategic or Co-development PartnerMHT Housing partnered with American House Senior Living (an affiliate of REDICO Holdings, LLC) for the development of Dearborn Town Center Senior, an 83-unit affordable senior housing project. REDICO developed the first phase of the East Downtown Dearborn redevelopment in 2009. MHT brought over 26 years of Low Income Housing Tax Credit experience, while American House/REDICO provided development expertise and capital for the master redevelopment of the former Montgomery Ward site.
• The Detroit Pastoral Alliance (DCPA)coreStrategic or Co-development PartnerMHT Housing partnered with The Detroit Pastoral Alliance to develop 9100 on Gratiot, a 25-unit new construction affordable family housing project on the eastside of Detroit. DCPA is implementing a comprehensive revitalization strategy for the Gratiot Woods Community. The 9100 on Gratiot is the fourth phase of the Gratiot Avenue Redevelopment Initiative (GARI).
• Continental Management and MHT ManagementcoreImplementation/ SI/ Consulting PartnerContinental Management and MHT Management are affiliated management companies of MHT Housing. They provide property management services across MHT's portfolio of affordable housing communities. MHT Management manages properties such as Dearborn Town Center Senior (77 units) and manages the Summer Workforce Program for teen residents at MHT communities.
• Gromer PLLCminorImplementation/ SI/ Consulting PartnerGromer PLLC partnered with MHT Housing and its management affiliates to create the Eviction Diversion Program, which helps residents who have fallen under financial hardship remain as tenants by establishing payment plans and assisting in finding additional public funding.
• Legal Aid and Defender Association Inc.minorOthersLegal Aid and Defender Association Inc. pledged support for MHT's Eviction Diversion Program as an overwhelmingly positive alternative to a standard eviction process.
• Department of Human ServicesminorOthersDepartment of Human Services pledged support for MHT's Eviction Diversion Program, helping residents find additional public funding to ease financial burdens and avoid eviction.
• Wayne Metropolitan Community Action AgencyminorOthersWayne Metropolitan Community Action Agency pledged support for MHT's Eviction Diversion Program as a community partner, providing resources to help residents facing financial hardship remain in their homes.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mercy Housing: National non-profit 501(c)(3) affordable housing developer and operator serving low-income families and seniors, with a similarly stacked LIHTC + HUD + state/local financing model. Highly comparable in mission, structure, and resident mix to MHT Housing.
• BRIDGE Housing Corporation: Non-profit affordable housing developer focused on the West Coast with deep LIHTC experience and a portfolio that mixes family and senior housing. Directly comparable as a similarly structured non-profit affordable housing developer.
• Preservation of Affordable Housing (POAH): Non-profit affordable housing owner/operator with national reach that preserves and develops multifamily rental housing for low-income residents. Comparable in mission, LIHTC-driven model, and emphasis on portfolio stewardship.
• National Church Residences: Non-profit developer and operator of affordable senior housing nationwide, with LIHTC and HUD-financed projects. Closely comparable to MHT's senior housing arm (Dearborn Town Center Senior, Jennings, Ambrose Ridge).
• The NRP Group: For-profit developer, owner, and operator of affordable and market-rate multifamily housing with extensive LIHTC experience. Comparable as an affordable housing developer competing for similar LIHTC allocations and serving similar resident demographics.
• WinnCompanies: National developer and manager of affordable, mixed-income, and market-rate multifamily housing with a strong LIHTC portfolio and military housing presence. Comparable in combining development with affiliated property management operations.
• The Michaels Organization: For-profit developer and manager of affordable, market-rate, and student housing nationwide with substantial LIHTC activity. Comparable as a vertically integrated affordable housing developer/manager competing in similar funding pools.
• Pennrose: Developer and manager of affordable and mixed-income multifamily housing with deep LIHTC expertise across the Eastern U.S. Comparable in mission, financing structure, and resident demographics.
• Beacon Communities: Affordable and mixed-income housing developer with national LIHTC-driven portfolio and integrated property management. Comparable as a similarly structured affordable housing peer with development + management capabilities.

Broad incumbents

• Enterprise Community Partners: Large national non-profit affordable housing developer, investor, and policy organization with deep LIHTC syndication capabilities. Comparable as a mission-driven affordable housing peer operating at significantly greater scale and broader geographic scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 MHT Housing