Casa

What Casa does

CASA (Community Alternatives for Supportive Abodes) is a 501(c)(3) nonprofit founded in 1992 in Wake County, North Carolina, that develops and manages permanent affordable rental housing for people experiencing homelessness, veterans, individuals with disabilities, youth aging out of foster care, and working families on extremely low incomes. The organization operates a portfolio of 699 units across more than 50 properties concentrated in the Triangle region — Wake (419), Durham (152), and Orange (128) Counties — with a 143-unit pre-development pipeline. CASA pairs housing with on-site supportive services delivered through partnerships with over 30 community organizations; flagship property King's Ridge, opened January 2025, introduced integrated medical clinics, case managers, and mental health counseling for the first time.

CASA's revenue model is a hybrid of three streams: tenant rent on an income-based model (residents pay approximately 30% of income), federal HUD funding originating from a 1993 McKinney-Vento Act grant and ongoing appropriations, and community fundraising including planned giving, workplace giving, and an annual Fall Fundraiser. Go-to-market is referral-driven rather than sales-driven: residents are reached through county coordinated entry systems (Oak City Cares in Wake, Durham County DSS, Orange County DSS), housing authority voucher programs (HUD-VASH for veterans, Shelter + Care), and a network of 30+ service-provider partners. CASA does not sell a technology product and operates no public-facing API or software platform; its "products" are physical housing communities (King's Ridge, Hope Village at Method, Homestead Gardens, Hull's Landing, Hope Crest) and bundled supportive services. Recent strategic activity has centered on co-development partnerships — with The Hope Center at Pullen, Operation Coming Home, UNC Horizons, Self-Help, Community Home Trust, Habitat for Humanity of Orange County, and the Town of Chapel Hill — to expand into new sub-segments (foster youth, veterans, mothers in recovery, workforce).

Name

Casa

Legal name

CASA

Website

https://casanc.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

CASA (Community Alternatives for Supportive Abodes) is a Raleigh-based 501(c)(3) nonprofit that develops and manages 699 units of permanent affordable rental housing across North Carolina's Triangle region for people experiencing homelessness, veterans, individuals with disabilities, and low-income families.

Ownership category

akta.pro rank

Headquarters

HQ city

Raleigh

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, Supply Chain, Others

Revenue model

1. Tenant Rent Payments: CASA tenants pay approximately 30% of their income toward rent each month. This income-based rent model ensures affordability for residents while providing operational revenue for the organization.
2. Federal HUD Funding: CASA receives federal funding from HUD (Department of Housing and Urban Development) to bridge the gap between what tenants can afford to pay and the cost of maintaining apartments. The organization received an initial $3.2 million HUD grant through the McKinney-Vento Act in 1993.
3. Community Fundraising and Donations: CASA raises funds through community donations, planned giving (Forever Home Society), workplace giving (SECC for state employees), stock or donor-advised fund gifts, and special events like the annual Fall Fundraiser.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

CASA develops and manages a 699-unit portfolio of permanent affordable rental housing across Wake, Durham, and Orange Counties in North Carolina, serving individuals and families experiencing homelessness or living on extremely low incomes. The organization pairs housing with on-site supportive services—including case management, healthcare access, mental health counseling, and employment support—delivered through partnerships with more than 30 community organizations. Residents pay approximately 30% of their income in rent under a Housing First model.

Product overview

Casa is a nonprofit affordable housing developer and property manager that operates a portfolio of housing products and supportive services. The organization offers permanent rental housing across the Triangle region (Wake, Durham, and Orange Counties, North Carolina) through distinct property communities including King's Ridge (transitional housing with integrated services), Hope Village at Method (youth aging out of foster care), Homestead Gardens (workforce and family housing), Hull's Landing (veteran housing), and general affordable housing units. Casa pairs housing with supportive services including case management, healthcare access, and employment support through partnerships with over 30 community organizations. Residents pay approximately 30% of their income in rent. The organization follows a Housing First approach, providing stable housing as the foundation before addressing other life challenges.

Differentiator

Problem solved

Functional benefit

Products and services

• King's Ridge A 100-unit apartment community with one-, two-, and three-bedroom units designated for families and individuals moving out of homelessness. Features integrated supportive services including on-site medical clinics, case managers, and mental health counseling.
• Hope Village at Method A 9-unit apartment complex developed in partnership with The Hope Center at Pullen to support youth aging out of foster care. Includes 8 one-bedroom units for residents and 1 unit for a Resident Advisor, serving individuals ages 18-24 (up to 27 if parenting).
• Homestead Gardens A public-private partnership development in Chapel Hill comprising 34 two-bedroom units for mothers with children recovering from substance use (in collaboration with UNC Horizons) and 22 one-bedroom workforce housing units.
• Affordable Rental Housing Portfolio Portfolio of 699 affordable rental homes across Wake, Durham, and Orange Counties serving individuals experiencing homelessness, veterans, individuals with disabilities, youth aging out of foster care, and working families. Locations include Raleigh (419 units), Durham (152 units), Chapel Hill (62 units), Carrboro (30 units), Garner (20 units), Knightdale (8 units), Cary (7 units), and Wake Forest (1 unit).
• Hull's Landing Veteran-designated housing community providing supportive housing for veterans experiencing homelessness. Accepts HUD-VASH vouchers.
• Hope Crest Community Permanent supportive housing community serving chronically homeless individuals.
• Shade Hill CASA's first new construction development, opened in 2003, expanding supportive housing capacity.
• Veteran Tiny Homes Initiative 15 new tiny homes specifically designated for veterans experiencing homelessness, developed in partnership with Operation Coming Home (a project of HBA Wake) in the Raleigh community.

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and major.

• Operation Coming HomecoreStrategic or Co-development Partner · 3 April 2026CASA is partnering with Operation Coming Home (a project of HBA Wake) to build 15 new tiny homes specifically designated for veterans experiencing homelessness in the Raleigh community. This collaboration represents a significant step toward ending veteran homelessness through dignified permanent housing solutions, with the understanding that stable housing is the foundation for accessing healthcare, employment, and community reconnection.
• The Hope Center at PullencoreStrategic or Co-development Partner · 28 January 2026CASA partnered with The Hope Center at Pullen to develop Hope Village at Method, a 9-unit apartment community providing safe and stable housing for eight young adults aging out of foster care in Wake County. The Hope Center provides supportive services to these residents, and the youth advisory board named the community. This partnership addresses the critical need for housing for former foster youth, who face a 43% national homelessness rate by age 21.
• UNC HorizonsmajorStrategic or Co-development PartnerAs part of the Homestead Gardens public-private partnership, CASA is developing 34 two-bedroom units in collaboration with UNC Horizons to serve mothers with children recovering from substance use. This addresses the critical need for stable housing as a foundation for recovery and family reunification.
• Self-HelpmajorStrategic or Co-development PartnerSelf-Help is one of four long-standing local nonprofits collaborating on the Homestead Gardens public-private partnership. This initiative addresses Chapel Hill's affordability crisis by developing mixed-income housing on publicly-owned land, with Self-Help contributing to a comprehensive approach serving a range of household income levels.
• Community Home TrustmajorStrategic or Co-development PartnerCommunity Home Trust is one of four nonprofits collaborating on the Homestead Gardens public-private partnership in Chapel Hill. The initiative develops mixed-income affordable rental and homeownership units serving a wide range of households in partnership with the Town of Chapel Hill.
• Habitat for Humanity of Orange CountymajorStrategic or Co-development PartnerHabitat for Humanity of Orange County is one of four nonprofits in the Homestead Gardens public-private partnership. Together with Self-Help, CASA, and Community Home Trust, they are developing inclusive mixed-income housing on publicly-owned land in Chapel Hill to address severe affordable housing shortages.
• Town of Chapel HillmajorStrategic or Co-development PartnerThe Town of Chapel Hill is collaborating with four nonprofits (Self-Help, CASA, Community Home Trust, and Habitat for Humanity) to develop Homestead Gardens on publicly-owned land at 2200 Homestead Road. This public-private partnership addresses housing market inequities by creating mixed-income housing opportunities.
• Over 30 Community Partners at King's RidgecoreStrategic or Co-development PartnerKing's Ridge operates with over 30 community partners addressing the Social Determinants of Health. Partners include medical providers, mental health counselors, case managers, and social service organizations. These partners provide on-site and referral-based services including two medical clinics, mental health counseling, childcare, and employment support.

Scale indicators5 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Community Home Trust: Chapel Hill-based nonprofit creating and preserving permanently affordable homes for low-income households. Direct peer co-developer with CASA at Homestead Gardens, serving overlapping populations in the same Chapel Hill/Orange County market.
• Self-Help: North Carolina-based nonprofit CDFI and affordable housing developer. Self-Help is a direct peer that develops and manages affordable rental housing across the Triangle region — CASA's exact market — and is one of CASA's explicit co-development partners at Homestead Gardens in Chapel Hill.
• Habitat for Humanity of Orange County: Local Habitat affiliate providing affordable homeownership and rental opportunities in Orange County, NC. Direct peer co-developer with CASA at Homestead Gardens, comparable scale and mission in the same region.

Emerging players

• The Hope Center at Pullen: Wake County nonprofit providing supportive services and housing for vulnerable populations including youth aging out of foster care. Emerging player and direct co-development partner with CASA on Hope Village at Method (9-unit project).

Regional players

• Raleigh Housing Authority: Public housing authority serving Wake County, providing affordable rental housing and administering housing choice vouchers. Regional peer and referral partner for CASA's Wake County voucher acceptance program.
• Durham Housing Authority: Public housing authority serving Durham County providing affordable rental housing and HCV administration. Regional peer and direct referral partner for CASA's Durham County voucher-accepting properties.

Broad incumbents

• Enterprise Community Partners: National nonprofit that develops and finances affordable housing across the U.S. and operates LIHTC syndication. A broad incumbent whose portfolio includes supportive and affordable rental housing comparable to CASA's, though at much greater national scale.
• LISC (Local Initiatives Support Corporation): National CDFI providing financing and capacity-building for community development, including affordable housing development. Broad incumbent whose funding/financing role mirrors part of CASA's capital stack.
• Mercy Housing: National nonprofit affordable housing developer and operator combining housing with resident services. Broad incumbent with a similar housing-plus-services model to CASA, though at much greater national scale.
• Volunteers of America: National nonprofit providing supportive housing and services for veterans, homeless individuals, and families. Broad incumbent with a portfolio of supportive and affordable housing comparable to CASA's model, though at much greater national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CASANorthCarolina
• Facebookfacebook.com/CASAnorthcarolina
• LinkedInlinkedin.com/company/casanorthcarolina
• Instagraminstagram.com/casanorthcarolina
• Xx.com/casahousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Casa