Renovare Development

What Renovare Development does

Renovare Development is a woman-owned, social impact commercial real estate development firm founded in 2018 and headquartered in Ypsilanti, Michigan. The company specializes in transformational real estate development projects that address deep community needs, focusing on missing middle housing, attainable for-sale housing, brownfield redevelopment, and community-centric commercial spaces in both urban neighborhoods and rural main streets across Michigan. Renovare serves working families earning below 120% of Area Median Income (with workforce tiers at 40%-80% AMI at certain projects), first-time and affordable homebuyers, and municipal/regional government clients seeking housing strategy and feasibility consulting. Active and pipeline projects include Fraser Square (Harper Woods, 71 homes), Dorsey Estates (Ypsilanti, 46 units), Heritage Trails (Marquette Township, 48 homes), and Project T (Benton Harbor, multi-phase mixed-use), totaling approximately 193 for-sale units across the portfolio. The firm also performs real estate consulting for clients such as the Midland Business Alliance (Housing Forward initiative) and the Village of Empire in Leelanau County.

The company has no proprietary software or technology platform; its core capabilities are domain expertise in capital stack engineering, Low-Income Housing Tax Credit (LIHTC) structuring, brownfield tax increment financing, MSHDA Housing TIF, public-private partnerships, HOA/condominium governance, and ESG-aligned community development. Renovare administers up to ten separate sources of grant funding per project alongside layered state and federal financing mechanisms, and pursues co-development with nonprofit partners (Harbor Habitat Inc.) and homebuilders (Robertson Brothers Homes). Marketing is conducted through a corporate website, project-specific microsites (projecttbentonharbor.com, dorseyestates.com), in-house digital and social media campaigns, and formal presentations to municipal and funding partners.

Renovare generates revenue through three streams: (1) one-time for-sale housing sales (e.g., Fraser Square units priced from $235,990, with down payment assistance through the Michigan Homeownership Collaborative); (2) professional services consulting fees on municipal and regional engagements (feasibility analyses, master planning, development incentives advisory); and (3) capital raises including a 2022 Regulation Crowdfunding raise via the Small Change platform (~$88,500), supplementing grants, foundation capital (e.g., $1.25M Whirlpool Foundation commitment), and conventional financing. Distribution combines direct on-site sales led by two Sales Managers, co-development channels, and inbound inquiries through the corporate website. The team is small (~6 named members across founder, controller, project operations, two sales managers, and a research/project manager) and operates exclusively within Michigan despite national founder experience.

Name

Renovare Development

Legal name

Renovare Development

Website

https://renovaredevelopment.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Renovare Development is a Michigan-based, woman-owned social impact real estate developer that delivers attainable for-sale housing, brownfield redevelopment, and community-centric commercial projects for working families and rural main-street communities, supplemented by municipal consulting.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Land Subdivision (23721), Land Subdivision (2372), Land Subdivision (237210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Brownfield Redevelopment Support (Site Characterization & Reuse Planning) (EUAHAFAJ), Land & Development Site Brokerage (BPAJABAG)

Keywords

• Affordable housing development
• Commercial real estate development
• Missing middle housing
• Brownfield redevelopment
• Mixed-use development

Headquarters

HQ city

Ypsilanti

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. For-Sale Housing Sales: One-time revenue from sale of single-family homes, duplexes, and townhomes priced for working families and below 120% of Area Median Income (e.g., Fraser Square homes starting at $235,990). Includes attainable for-sale units and affordable housing units.
2. Real Estate Development Consulting: Fee-based professional services consulting engagements with municipalities, regional alliances, and community organizations on housing initiatives, feasibility analyses, master plans, and development incentives (e.g., Midland Business Alliance Housing Forward, Village of Empire master plan).
3. Reg CF Capital Raise / Project Investment: Completed a Regulation Crowdfunding capital raise through the Small Change platform in 2022, indicating use of community investment as a capital mechanism alongside grants, tax credits, and conventional financing.
4. Multi-Source Grant & Public Funding Administration: Developments incorporate up to ten separate sources of grant funding plus layered state and federal financing mechanisms (LIHTC, TIF, brownfield TIF, MSHDA Housing TIF, etc.). Funding sources include foundation grants (e.g., $1.25M Whirlpool Foundation commitment for Project T).

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

Renovare Development is a woman-owned social impact commercial real estate development firm that delivers attainable for-sale housing, mixed-income neighborhoods, and community-centric commercial space across Michigan, prioritizing brownfield and publicly owned sites. Its portfolio spans urban neighborhoods and rural main streets, with projects including Project T (Benton Harbor), Dorsey Estates (Ypsilanti), Fraser Square (Harper Woods), and the Heritage Trails Marquette Township pipeline. The firm also provides fee-based consulting on Michigan development incentives, feasibility analysis, master planning, and capital stack structuring for municipal and regional clients.

Product overview

Renovare Development is a woman-owned social impact commercial real estate development company that operates as a unified practice organized around three delivery channels: its Urban Neighborhoods and Rural Main Streets development service lines (which together house the named project portfolio of Project T in Benton Harbor, Dorsey Estates in Ypsilanti, Fraser Square in Harper Woods, and the Heritage Trails Marquette Twp pipeline project), its Real Estate Consulting practice (covering the Housing Forward engagement with the Midland Business Alliance, the Village of Empire feasibility study, and Development Incentives advisory on Michigan brownfield TIF, tax abatements, and grants), and ancillary support functions such as the 2022 Small Change Reg CF capital raise. All three channels feed a single project pipeline that funnels developments from consulting feasibility, through pipeline planning, into under-construction execution, with sales, project operations, and research functions integrated across each.

Differentiator

Problem solved

Functional benefit

Products and services

• Project T (Benton Harbor, MI) Multi-phase mixed-use development in Benton Harbor, MI co-developed with Harbor Habitat, Inc., comprising 28 for-sale duplexes limited to 120% AMI, a mixed-use building with ground-floor child care and grocery, 8-10 Habitat for Humanity for-sale duplexes, programmed green space, and an early childhood education center. Targeted at working families and Habitat-eligible buyers in Benton Harbor.
• Dorsey Estates (Ypsilanti, MI) Missing-middle development near Depot Town in Ypsilanti, MI comprising 46 single-family units (colonials and duplexes), with 50% of units set aside for families between 40% AMI and 80% AMI through an innovative workforce housing financing program, designed to complement the surrounding historic district. Targeted at workforce families in the Ypsilanti area.
• Fraser Square (Harper Woods, MI) Co-development with Robertson Brothers Homes redeveloping the former Poupard Elementary School in Harper Woods, MI, with 71 for-sale duplexes and townhomes, 100% of units dedicated to individuals and families below 120% AMI, sales prices starting at $235,990, plus a stormwater management area and neighborhood greenspace. Targeted at working families below 120% AMI.
• Heritage Trails Marquette Township Pipeline development of 48 Missing Middle for-sale homes in Marquette Township, Michigan on a publicly owned undeveloped site, intended to deliver workforce housing priced below 120% of AMI and financed through the MSHDA Housing TIF program. Targeted at working families in Michigan's Upper Peninsula.
• Urban Neighborhoods Development Service Line Standing development service line focused on mixed-income housing and community-centric commercial spaces in Michigan urban communities, with primary emphasis on providing workforce housing to families driving Michigan's economy and commercial amenities tailored to working families. Targeted at urban municipalities and working-family residents.
• Rural Main Streets Development Service Line Standing development service line partnering with small rural Michigan towns to identify and address attainable housing and affordable retail/commercial needs, working with local government to deliver third-place spaces, public amenities, and projects that promote a sense of community. Targeted at rural local governments and small-town communities.
• Real Estate Development Consulting Fee-based advisory service providing specialized consulting on Michigan development incentives and financing programs (brownfield TIF, tax abatements, grants), plus feasibility analyses, community engagement, site analysis, construction estimates, and proposed financing options for municipal, regional alliance, and community organization clients. Targeted at Michigan municipalities and regional economic development alliances.

Quantifiable outcome

• Fraser Square: 71 for-sale homes with 100% of units dedicated to households below 120% AMI; sales prices starting at $235,990
• +4 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

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Harbor Habitat, Inc.flagshipStrategic or Co-development PartnerCo-developing Project T in Benton Harbor, MI — a multi-phase, mixed-use project including affordable housing, workforce multifamily housing, and attainable single-family for-sale homes. Includes 28 for-sale duplexes limited to 120% AMI, a mixed-use building with ground floor child care and grocery, and 8-10 for-sale duplex units constructed through the traditional Habitat for Humanity program. Project is sponsored through a $1.25 million commitment by Whirlpool Foundation.
• Robertson Brothers HomesflagshipStrategic or Co-development PartnerCo-development partnership to redevelop the former Poupard Elementary School in Harper Woods, Michigan. The project includes 71 for-sale homes including duplexes and townhomes, with a stormwater management area and neighborhood greenspace. 100% of units are dedicated to individuals and families below 120% AMI; sales prices start at $235,990, with down payment assistance targeted through the Michigan Homeownership Collaborative program.
• Midland Business AlliancecoreImplementation/ SI/ Consulting PartnerContracted to support the Midland Business Alliance and area leaders in their Housing Forward initiative, designed to create a collaborative approach to solving housing barriers in the Midland, Michigan region.
• Village of Empire (Leelanau County, Michigan)minorImplementation/ SI/ Consulting PartnerContracted to provide a feasibility analysis of potential development sites for a new Village Office and potential municipal campus in the Village of Empire (Leelanau County, west of Traverse City, Michigan). Scope includes community engagement, site analysis, construction estimates, and proposed financing options.
• Michigan Homeownership CollaborativecoreGTM or Marketing PartnerDown payment assistance program being targeted for all buyers at Fraser Square, helping households below 120% AMI bridge down payment barriers on for-sale homes.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BRIDGE Housing Corporation: Mission-driven nonprofit developer producing affordable and workforce for-sale and rental housing across California and the Pacific Northwest. Highly comparable as a similarly mission-aligned developer focused on mixed-income homeownership in underserved markets, with comparable layering of public financing and LIHTC expertise.
• Jonathan Rose Companies: Mission-driven real estate development and investment firm focused on affordable and mixed-income housing, including for-sale and rental product. Comparable in its focus on underserved urban and transit-oriented sites, ESG-aligned development, and use of complex layered public-private capital stacks.
• McCormack Baron Salazar: National for-profit developer of affordable, mixed-income, and mixed-use housing in urban neighborhoods. Directly comparable as a similarly sized developer combining LIHTC, TIF, and public financing expertise with a focus on transformational urban projects serving working families.
• L+M Development Partners: For-profit developer of affordable, mixed-income, and market-rate housing with deep expertise in LIHTC structuring and public-private partnerships. Comparable as a similarly structured firm building mixed-income urban housing using complex layered capital stacks.
• The NRP Group: Developer, owner, and builder of affordable and market-rate multifamily and townhome housing across multiple U.S. states. Comparable in its use of LIHTC, tax-exempt bonds, and state housing finance agency programs to deliver workforce housing product.

Broad incumbents

• Habitat for Humanity International: Largest nonprofit affordable housing developer in the U.S., producing for-sale homes for low-income households through volunteer-built construction. Renovare's partnership with Harbor Habitat on Project T directly demonstrates the comparable operating model and buyer-qualification framework.
• Enterprise Community Partners: National nonprofit that combines development, lending, and policy advocacy to produce affordable housing. Comparable as a much larger entity operating across the same LIHTC- and public-finance-driven affordable development space that Renovare operates in at state level.
• PulteGroup: One of the largest U.S. homebuilders with national for-sale production, including entry-level product. Comparable as a for-sale homebuilder where Renovare team members (Dan Jankowski) previously worked, and as a reference point for attainable for-sale housing at scale.
• Local Initiatives Support Corporation (LISC): National CDFI that finances and supports community development, including affordable housing developers, across the U.S. Comparable as a key capital and technical-assistance partner in the affordable housing ecosystem in which Renovare operates.

Regional players

• Cinnaire: Michigan-headquartered CDFI and LIHTC syndicator that finances affordable housing and community development throughout the Midwest. Highly comparable as a regional capital provider whose geographic footprint and Michigan LIHTC/TIF activity directly overlap with Renovare's operating territory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/RenovareDevelo1
• Facebookfacebook.com/RenovareDev
• LinkedInlinkedin.com/company/renovare-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

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 Renovare Development