Hoppe Development

What Hoppe Development does

Hoppe Development is a privately held affordable housing developer headquartered in Lincoln, Nebraska, founded and led by Jake Hoppe (CEO and Principal) and Fred Hoppe (Principal of Housing Development). The company acquires land, secures entitlements, and delivers affordable, workforce, and mixed-income housing across the Midwest, with active operations across Nebraska and a 2025 expansion into Iowa (Fort Dodge). Its portfolio spans four product lines: large-scale mixed-income neighborhoods (Foxtail Meadows at 650+ units, Tallgrass at 600+ units, Bluestem Commons at 400+ units, The Orchard, River District), urban revitalization projects (Center Terrace, Chambers Court, Gatehouse Rows, Vintage Senior Living, Creekside Village, Antelope Tower), adaptive reuse of historic buildings and shuttered institutional facilities (Old Walnut Apartments, Hayward Place, Water Park Apartments, Paddock Redevelopment, three nursing-home-to-apartment conversions), and housing concepts including net-zero energy systems, supportive housing for refugees and seniors, and affordable for-sale housing.

The technical and execution platform is anchored by an in-house construction arm (Hoppe Construction) under Jake Hoppe's direct supervision, alongside proprietary energy-efficient design expertise covering geothermal HVAC, heat pump hot water, rooftop solar, district hot water, and net-zero-ready wall panel systems. Capital structuring is the company's other core competency: it stacks LIHTC, TIF, NAHTF, HOME, CDBG-DR, Rural Workforce Housing Funds, and conventional debt (US Bank, Pinnacle Bank, First National Bank of Omaha, Midwest Housing Equity Group, Sugar Creek Capital, Cedar Rapids Bank and Trust, Cobalt Credit Union) to assemble project financing. A wholly related entity, PrimeSites Real Estate, handles leasing and property management of completed developments, providing recurring rental income alongside one-time developer fees and for-sale unit revenue.

The business model combines project-based developer fees (professional services revenue), for-sale housing revenue (single-family homes, duplexes, townhomes often paired with downpayment assistance and TIF benefits), and long-term rental income from owned affordable and workforce housing. Customer segments span low-income households at 40-60% AMI, workforce households at 60-120% AMI, seniors, and refugees; counterparties are predominantly municipal governments, housing authorities, and community nonprofits. Go-to-market is partnership-driven and sales-led, with projects originated through direct engagement with communities, service providers, and government agencies rather than consumer marketing.

Name

Hoppe Development

Legal name

Hoppe Development

Website

https://hoppedevelopment.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Hoppe Development is a Lincoln, Nebraska-based affordable housing developer that delivers mixed-income neighborhoods, urban revitalization, and adaptive reuse projects across the Midwest. It serves low-income, workforce, senior, and refugee households through LIHTC- and TIF-financed developments alongside in-house construction.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Land Subdivision (2372), Land Subdivision (23721), New Housing For-Sale Builders (236117), Residential Building Construction (2361), Administration of Housing Programs, Urban Planning, and Community Development (925)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Mixed-income neighborhoods
• Adaptive reuse construction
• Urban revitalization housing
• Workforce housing development

Headquarters

HQ city

Lincoln

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Housing Development Fees: Development fees earned from managing housing development projects from conception through completion, serving communities, housing authorities, and service providers.
2. Property Development and Sales: Development of for-sale housing units including single-family homes, duplexes, and townhomes sold to qualifying buyers, often with downpayment assistance programs and tax increment financing benefits.
3. Rental Housing Operations: Long-term rental income from owned affordable and workforce housing properties including apartments, townhomes, and mixed-income developments.
4. Property Acquisition: Acquisition of existing housing projects with affordability restrictions, naturally affordable projects requiring rehabilitation, and adaptive reuse opportunities including nursing homes and former schools.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Hoppe Development is an affordable housing developer that partners with communities, municipalities, housing authorities, and nonprofits to design, finance, build, and operate rental and for-sale affordable and workforce housing across the Midwest. They deliver mixed-income neighborhoods, urban revitalization redevelopments, and adaptive reuse conversions of historic buildings into affordable housing, complemented by an in-house construction team (Hoppe Construction) and a property acquisitions practice.

Product overview

Hoppe Development is an affordable housing development company based in Lincoln, Nebraska that develops innovative housing solutions strengthening communities across the Midwest. The company operates through several integrated service areas: mixed-use neighborhood developments (Bluestem Commons, Foxtail Meadows, Tallgrass, The Orchard, River District), urban revitalization projects (Vintage Senior Living, Gatehouse Rows, Antelope Tower, Porchlight/Center Terrace, Creekside Village, Chambers Court), adaptive reuse conversions (Old Walnut Apartments, Hayward Place, Water Park Apartments, Paddock Redevelopment, Nursing Home Projects), specialized housing concepts (Rural Housing Solutions, Net Zero/Energy Systems, Supportive Housing Partnerships, Affordable For-Sale Housing), plus construction services and acquisitions. The company focuses on delivering both rental and for-sale housing options at various income levels, with particular emphasis on energy efficiency and net-zero ready developments.

Differentiator

Problem solved

Functional benefit

Products and services

• Bluestem Commons A mixed-income neighborhood in Fremont, NE featuring over 400 housing units including Class A multifamily apartments, for-sale single family homes, and affordable rental units integrated into a complete neighborhood.
• Foxtail Meadows A mixed-income neighborhood in Lincoln, NE designed to respond to affordable housing needs with diverse housing designs serving various income levels, accommodating over 650 housing units.
• Tallgrass A 35-acre mixed-income neighborhood in Papillion, NE featuring approximately 600 housing units including multifamily housing, rental and ownership townhomes, and a micro-mixed-use plaza with 20,000 square feet of commercial space.
• The Orchard An approximately 180-unit mixed-income neighborhood in Grand Island, NE anchored in providing affordable homeownership opportunities through unique tax increment financing applications.
• River District A mixed-income neighborhood in Fort Dodge, IA featuring 40 affordable rental homes and 24 workforce housing rental homes with community amenities.
• Vintage Senior Living A senior living neighborhood in Lexington, NE featuring approximately 55 units including mixed-income rental project and affordable for-sale housing with community amenities.
• Gatehouse Rows 98 affordable rental apartments and townhomes in Lincoln, NE with a mix of 1, 2, and 3 bedroom layouts featuring historic connection to Wyuka Cemetery.
• Antelope Tower A luxury mixed-use concept located at the Telegraph District in Lincoln, NE featuring rental apartments with mixed-use live-work spaces.
• Porchlight (Center Terrace) A $39 million affordable housing project in Lincoln's South of Downtown neighborhood featuring 125 affordable rental apartments with a 6,500 sq ft healthcare clinic on the first floor.
• Creekside Village 71 affordable rental apartments in Lincoln, NE serving families at approximately 40% of area median income and below, developed in collaboration with Centerpointe Lincoln.
• Chambers Court A multiphase redevelopment in Omaha, NE to preserve and enhance the original Chambers Court with 131 affordable rental apartments and 70 market rate units.
• Old Walnut Apartments 89 affordable rental apartments in Grand Island, NE converted from the former Walnut High School with commercial supportive service space and community theater.
• Hayward Place 45 affordable condominiums in Lincoln, NE converted from the former Hayward School, one of the earliest historic tax credit renovations in Nebraska.
• Water Park Apartments Modern condominiums in Lincoln, NE created through historic tax credit renovation of an old utility building.
• Paddock Redevelopment 36 affordable rental apartments and 8,100 sf of commercial space in Beatrice, NE redeveloping the historic Paddock Hotel into workforce housing.
• Nursing Home Projects Repurposed shuttered nursing homes in Milford, Fremont, and West Point, NE into 92 total affordable rental apartments (22, 49, and 21 units respectively).
• Acquisitions Service Acquisition services for existing housing projects with affordability restrictions, naturally affordable projects requiring rehabilitation, and adaptive re-use opportunities including nursing homes and former schools.
• Hoppe Construction Construction services for affordable housing development projects including project management, superintendent oversight, and field execution delivered by an in-house team led by Principal Jake Hoppe.

Quantifiable outcome

• Built over 400 affordable housing units across Nebraska communities
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core.

• Habitat for Humanity of OmahacoreStrategic or Co-development Partner · 14 May 2025Partnership at Tallgrass neighborhood to build 30 affordable row houses for income-eligible buyers. Enables qualified families to secure mortgages at 2.65% financing, much lower than market rates.
• Housing Foundation for Sarpy CountycoreStrategic or Co-development Partner · 14 May 2025Partner at Tallgrass for 18 for-sale homes targeted to families 120% AMI and below using Nebraska State Affordable Housing Trust Fund program.
• Center for Rural AffairscoreStrategic or Co-development Partner · 21 June 2024$2.36 million refugee housing project in Grand Island with 10 apartments (3-4 bedrooms each). Funded by $1 million Pandemic Housing Relief Program grant.
• South of Downtown Community Development OrganizationcoreStrategic or Co-development PartnerInitial land acquisition for Center Terrace project; long-term partnership for community development in Lincoln's South of Downtown neighborhood.
• City of LincolncoreStrategic or Co-development PartnerPrimary municipal partner for affordable housing initiatives including Lincoln's first net-zero ready affordable housing development and 43% of city's 5,000-unit 2030 goal.
• Grand Island Area Economic Development CorporationcoreStrategic or Co-development PartnerPartnership for The Orchard neighborhood including landmark $750,000 Nebraska Affordable Housing Trust Fund contribution, first such award for Grand Island.
• Omaha Housing AuthoritycoreStrategic or Co-development PartnerProject seller and partner for Chambers Court redevelopment in North Omaha, focused on preserving affordability for current residents.
• Clinic with a HeartcoreStrategic or Co-development PartnerNonprofit healthcare clinic tenant in Center Terrace development providing 6,500 sq ft space for free medical and dental care on first floor.
• Omaha Public Power DistrictcoreStrategic or Co-development PartnerPartnership for solar energy and energy efficiency improvements at Tallgrass project.
• Alley Poyner Macchietto ArchitecturecoreTechnology or IntegrationLead architecture firm for Chambers Court redevelopment and Center Terrace projects.
• DeOld Andersen ArchitecturecoreTechnology or IntegrationArchitectural and neighborhood design services for Tallgrass project.
• Nebraska Housing ResourcecoreStrategic or Co-development PartnerPartnership for downpayment assistance and affordability programs at Foxtail Meadows alongside Habitat for Humanity Lincoln.
• Habitat for Humanity LincolncoreStrategic or Co-development PartnerPartnership for 31 affordable for-sale townhomes at Foxtail Meadows with downpayment assistance programs.
• NGAGE (Gage County Economic Development)coreStrategic or Co-development PartnerSecured USDA grant for rural incubator commercial space at Paddock redevelopment; partnership for Beatrice community development.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Mercy Housing: Large national nonprofit affordable housing developer and operator. Overlaps with Hoppe on LIHTC-financed affordable rental, supportive housing partnerships, and long-term property stewardship, but at much larger scale and broader geography.
• Enterprise Community Partners: National nonprofit affordable housing developer, LIHTC syndicator, and policy/financing intermediary. Comparable in financing-stack orchestration (LIHTC + public funds) and mixed-income neighborhood development, but operates as a broad incumbent across the entire US.

Direct peers

• Pennrose: Affordable and mixed-income housing developer active in the Midwest with comparable mixed-use neighborhood and LIHTC-driven project profiles. Direct peer in combining for-sale, rental, and adaptive reuse affordable housing product types.
• McCormack Baron Salazar: National affordable and mixed-income urban revitalization developer. Comparable to Hoppe in urban revitalization projects (e.g., Chambers Court, Center Terrace) and partnerships with municipalities and nonprofits.
• Dominium: Large Midwest-rooted affordable housing developer specializing in LIHTC-financed apartment communities and adaptive reuse, including historic building conversions. Comparable in target population (40-60% AMI), financing stack, and adaptive reuse focus.
• Brinshore Development: Affordable housing developer with LIHTC and mixed-finance expertise delivering mixed-income and supportive housing across the Midwest. Comparable in partnership-driven model and reliance on complex public funding stacks.
• Gorman & Company: Wisconsin-based affordable and mixed-income housing developer with deep LIHTC, historic tax credit, and adaptive reuse expertise across the Midwest. Closest comparable to Hoppe in scale, geography, and product mix (mixed-use neighborhoods plus adaptive reuse).
• The NRP Group: National affordable, workforce, and market-rate multifamily developer with strong LIHTC expertise. Comparable in mixed-income neighborhood development and use of complex public-private financing, though at meaningfully larger scale than Hoppe.

Others

• Front Porch Investments: Nebraska-focused impact investment fund that has provided $2M in Tallgrass financing to Hoppe. Included as a 'peers-adjacent' capital partner and ecosystem participant rather than a direct competitor; useful for understanding Hoppe's regional impact-investor network.

Regional players

• White Lotus Group: Iowa-based affordable and supportive housing developer with comparable LIHTC-financed multifamily projects. Most directly relevant Iowa peer given Hoppe's 2025 Fort Dodge entry; smaller scale but overlapping geography and tenant profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hoppe-development

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 Hoppe Development