IHA

What IHA does

Interfaith Housing Alliance (IHA) is a 501(c)(3) nonprofit affordable housing developer founded in 1990 in Frederick, Maryland, that builds and manages rental housing for low-to-moderate income (LMI) seniors and families across Western and Central Maryland and Southcentral Pennsylvania. As of the latest data the organization operates a 19-person staff across President/Finance, Programs, and Property Management teams and currently manages 202 affordable rental units across six properties — Oakwood Family Homes (22), Penn Avenue Townhomes (25), Washington Ridge (28), Weinberg House (23 senior units), 520 North Market (59), and The Residences at Railroad Square (45) — with 528 additional units in the development pipeline for 2024-2025.

IHA's core products fall into two lines: (1) affordable rental development and property management (utilizing LIHTC 9% tax credits, USDA-RD, and state/local financing), and (2) free community programs — Credit Café (credit counseling), Financial Freedom Bootcamp (financial literacy), Purchase-Repair Homeownership Program (rural USDA self-help path), Supportive Services (life skills, youth development, health/wellness for residents), and the newer Frederick Affordable Homeownership Incubator (FAHI). The operating technology stack is minimal: Salesforce for CRM, RentCafe as a third-party SaaS for rental applications/maintenance/rent collection, and AI used only in administrative processes. There is no proprietary platform.

IHA's business model is multi-stream: government grants and tax-credit project financing (Maryland DHCD, USDA-RD, Frederick County, City of Frederick, Maryland Affordable Housing Trust), foundation grants (Morgan Stanley, Ausherman, Delaplaine, Kahlert, Weinberg, Truist, Enterprise Community Partners, Bank of America), rental income from managed properties, and individual/corporate donations amplified through the Ausherman 2:1 match and the United Way Unity Campaign. All community programs are free to participants; IHA is CHDO-certified in Maryland and NeighborWorks-certified in financial capability and housing counseling. Since founding, IHA has produced 1,681 affordable housing units and facilitated over $413 million in community investment.

Name

IHA

Legal name

Interfaith Housing Alliance, Inc.

Website

https://interfaithhousing.org

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Interfaith Housing Alliance is a 501(c)(3) nonprofit founded in 1990 that develops and manages affordable rental housing for low-to-moderate income seniors and families across Maryland and Pennsylvania, while delivering free financial education and homeownership pathway programs.

Ownership category

akta.pro rank

Product category

Affordable Housing Development and Supportive Services

NAICS

Community Housing Services (62422), Services for the Elderly and Persons with Disabilities (62412), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)

Keywords

• Affordable rental housing
• Housing development services
• Financial education workshops
• Homeownership counseling programs
• Supportive housing services

Headquarters

HQ city

Frederick

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Grants and Government Funding: IHA operates primarily on grant funding from government sources including Maryland DHCD, USDA-RD, Frederick County Government, City of Frederick, Maryland Affordable Housing Trust, and state tax credit programs. Additional grants come from foundations including Morgan Stanley, Ausherman Family Foundation, Delaplaine Foundation, Kahlert Foundation, Harry and Jeanette Weinberg Foundation, and others.
2. Donations and Charitable Contributions: IHA relies on donations from the faith community, businesses, foundations, and individuals. The organization runs annual appeals with matching sponsorship and participates in the Unity Campaign for Frederick County. Community Investment Tax Credits (50% of donations $500+) are offered to Maryland donors.
3. Affordable Rental Income: IHA develops, builds, and manages affordable rental communities for families and seniors, generating rental income from 202 units across six properties in Maryland and Pennsylvania.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Interfaith Housing Alliance (IHA) develops, builds, and manages affordable rental housing for low- to moderate-income families and seniors across Western and Central Maryland and South-central Pennsylvania. The organization also delivers free financial education and homeownership preparation programs (Credit Café, Financial Freedom Bootcamp, Purchase-Repair Homeownership Program) and on-site supportive services for residents. Funding comes primarily from government and foundation grants, corporate sponsorships, donations, and rental income from managed properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Communities Affordable rental communities built, managed, and preserved by IHA for low- to moderate-income families and seniors across central and western Maryland and south-central Pennsylvania. The portfolio includes family and senior apartment communities with on-site supportive services.
• Credit Café Free three-part financial education series including group workshops and one-on-one credit report reviews to help participants understand, build, or rebuild their credit. The program includes educational workshops, personalized credit advising, free tri-merged credit reports, and 6-month follow-up sessions. Available to any community member regardless of income level.
• Financial Freedom Bootcamp
• Purchase-Repair Homeownership Program Affordable homeownership pathway providing free technical assistance through the entire homeownership process including credit repair counseling, budgeting, loan application preparation, home location and repair guidance, and post-purchase counseling. Serves families and individuals in USDA-RD designated rural areas who cannot qualify for traditional mortgages.
• Supportive Services

Quantifiable outcome

• 1,681 affordable housing units produced since 1990
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• USDA Rural Development (USDA-RD)coreStrategic or Co-development PartnerIHA delivers its Purchase-Repair Homeownership Program in partnership with USDA-RD. The program serves rural designated areas in Washington, Frederick, and Carroll counties in Maryland. In September 2023, IHA received a $532,500 USDA-RD grant providing technical and supervisory assistance for mutual self-help housing efforts.
• United Way of Frederick CountycoreStrategic or Co-development PartnerIHA participates in United Way of Frederick County's annual Unity Campaign as a nonprofit partner, raising funds specifically for the Credit Café Workshop. The Unity Campaign is a fully online giving event bringing together nonprofits, sponsors, and community members. IHA's $10,000 application to participate in the Unity Campaign was approved for Spring 2025 and 2026. United Way also provides partnership agreements ($15,000 renewal) supporting Credit Café operations.
• NeighborGood PartnerscoreStrategic or Co-development PartnerNeighborGood Partners provides invaluable expert guidance to IHA, helping navigate and strengthen programs. IHA staff are certified by the NeighborWorks Training Institute in financial capability and housing counseling through this partnership.
• Woodsboro Bank, Patriot Federal Credit Union, Sandy Spring Bank, ACNB, Nymeo Federal Credit Union, MLendmajorStrategic or Co-development PartnerIHA partnered with community banks and lenders including Woodsboro Bank (Richard Ohnmacht, Thomas Ramsay, Erin E. Dietrich), Patriot Federal Credit Union (Tricia Wareham), Sandy Spring Bank (Kelly Vita, Houston Darling), ACNB (Art Rathell), Nymeo Federal Credit Union (Gwen Farrell, Marie Zinnert, Jason Ambrose), and MLend (Chuck Via) to expand financing options for the Purchase-Repair Homeownership Program, pairing households with lenders outside USDA funding scope.
• Conifer LLCcoreStrategic or Co-development PartnerIHA partnered with Conifer LLC to develop Blue Oaks at North Odenton — a 55-apartment affordable housing community at 1570 Annapolis Road in Odenton, MD (Anne Arundel County). This 9% tax credit project received $429,750 from the Harry and Jeanette Weinberg Foundation and $400,000 from Maryland DHCD Community Legacy Program. IHA also partnered with Conifer on Sinclair Way (16 Steiner Way) affordable rental community.
• Frederick County Building Industry AssociationmajorStrategic or Co-development PartnerDanielle Adams of the Frederick County Building Industry Association provided invaluable support in fostering connections between IHA and local financial institutions for the Purchase-Repair Homeownership Program expansion.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• NHP Foundation: Nonprofit that preserves and develops affordable multifamily housing in the Mid-Atlantic and nationwide. Comparable in affordable rental property management scale, supportive services, and LIHTC project development.
• The Community Builders: Nonprofit affordable housing developer and property manager operating across the Mid-Atlantic and nationally. Comparable in multifamily LIHTC development pipeline, property management scale, and integrated resident services.
• AHC Inc. Affordable housing nonprofit operating in the Mid-Atlantic region (Virginia, Maryland) developing and managing rental communities for low-income families and seniors. Closely comparable in geography, multifamily rental focus, and resident services model.
• Mercy Housing: National nonprofit that develops, owns, and manages affordable rental housing for low-income families, seniors, and people with special needs. Directly comparable in multifamily affordable rental development, supportive services, and mixed-income/mixed-population resident model.
• Homes for America: Maryland-based nonprofit affordable housing developer operating across the Mid-Atlantic. Directly comparable in LIHTC-financed multifamily development, rural/suburban Maryland footprint, and senior/family resident mix.
• National Housing Trust: National nonprofit that builds, preserves, and operates affordable rental homes. Comparable in LIHTC-driven affordable housing development and energy-efficient rehabilitation of existing affordable properties — directly relevant to IHA's Weinberg House rehabilitation work.
• Habitat for Humanity International: Global nonprofit that builds affordable housing for low-to-moderate income households, including homeownership pathways and financial empowerment. Most comparable in mission and integrated housing-plus-counseling model, though operating at vastly larger scale.

Broad incumbents

• NeighborWorks America: National network supporting community-based affordable housing and counseling organizations, including training and certification through the NeighborWorks Training Institute. IHA staff are certified by NeighborWorks Training Institute — directly comparable in housing counseling and CHDO-adjacent function.
• Volunteers of America: National nonprofit providing affordable housing alongside supportive services for seniors, families, and people with disabilities. Comparable in combining housing development with supportive services (life skills, youth development, wellness) for low-income populations.
• Enterprise Community Partners: National nonprofit affordable housing developer and investor that combines real estate development, lending, and policy advocacy. Directly comparable as a mission-driven affordable housing organization; Enterprise Community Partners is also a current IHA funder (Section 4 capacity building grants), confirming model overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IHA_Housing
• Facebookfacebook.com/interfaithhousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 IHA