Glendower
The Glendower Group is a nonprofit 501(c)(3) real estate development company and instrumentality of the Housing Authority of New Haven that develops, redevelops, and manages affordable housing across Connecticut. It serves low-income families, seniors, disabled residents, and other public housing authorities through 15 major projects totaling nearly 3,000 units.
- Company typePrivate
- Founded2001
- HeadquartersNew Haven, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Glendower does
The Glendower Group is a nonprofit 501(c)(3) real estate development corporation established in November 2001 as an instrumentality of Elm City Communities / Housing Authority of the City of New Haven (ECC/HANH). It operates as the development arm of Connecticut's largest public housing authority, focusing on the redevelopment, modernization, and expansion of affordable housing in New Haven and surrounding communities. Since 2009, the organization has served as sole developer or co-developer on 15 major projects totaling just under 3,000 redeveloped units, with cumulative awarded redevelopment funds exceeding $800 million and over $544 million in financing leveraged. Its portfolio spans multifamily affordable and mixed-income developments, senior and accessible housing, and mixed-use projects including Brookside I & II (201 units, $74.5M), Mill River Crossing (259 units, $97.9M), Quinnipiac Terrace (193 units, $87.1M), and four RAD Group conversions totaling 628 units.
The organization delivers two principal service lines. Development Opportunities Services covers consulting, planning and modernization, funding acquisition, government approvals, tax credit applications, construction management, grant proposal writing, and special programs offered to public housing authorities, nonprofits, and municipalities in Connecticut. Mobility Works comprises the Expanded Choice Program (ECP), which connects Housing Choice Voucher holders with private landlords in opportunity neighborhoods through counseling, security deposit assistance, and mobility coaching, plus Relocation Services that manage temporary and permanent housing transitions for residents displaced during redevelopment, including contracted work for external housing authorities. Technical differentiation rests on Energy Star-certified construction (e.g., Twin Brook) and Passive House building standards (Valley Townhomes), combined with deep expertise in HUD's Rental Assistance Demonstration (RAD) program for converting public housing to project-based vouchers.
Glendower generates revenue through development fees on affordable and market-rate projects, access to competitive federal/state/local funding and tax credits (9% and 4% LIHTC, HOME, CHAMP, Connecticut Brownfield, HOPE VI, Choice Neighborhoods), consulting fees from public housing authorities and municipalities, and fee-based relocation contracts for other housing authorities and private corporations. Pricing for housing units is income-based (capped at 30% of tenant income) for affordable stock and at market rates for the limited market-rate component (e.g., 16 units at Rockview Phase II). Distribution is regional within Connecticut, primarily through direct government engagement, RFP responses, and contracted services, with no commercial sales channel. The organization is led by President Shenae Draughn (15+ years of affordable housing expertise, $500M+ development track record) and Senior Vice President Charles L. Finkley Jr. ($4B in facilitated projects), with a CPA-led finance function under VP Finance John Rafferty and oversight from a board including Arthur W. Thomas III and Robin Golden.
Glendower firmographics
Firmographics- Name
- Glendower
- Legal name
- The Glendower Group, Inc.
- Website
- https://theglendowergroup.org
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Glendower Group is a nonprofit 501(c)(3) real estate development company and instrumentality of the Housing Authority of New Haven that develops, redevelops, and manages affordable housing across Connecticut. It serves low-income families, seniors, disabled residents, and other public housing authorities through 15 major projects totaling nearly 3,000 units.
- Ownership category
- akta.pro rank
Glendower industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Civic and Social Organizations (813410), Administration of Housing Programs, Urban Planning, and Community Development (9251), Civic and Social Organizations (8134)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM), Community Centers & Neighborhood Support Services (BPAGAEAL)
Keywords
Where Glendower is headquartered
LocationHeadquarters
- HQ city
- New Haven
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Glendower business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Real Estate Development Fees: Glendower earns development fees as the sole developer or co-developer on affordable and market-rate housing projects, including planning, construction management, and project oversight.
- Competitive Funding and Tax Credits: The organization accesses hundreds of millions in funding through local, state, and federal government programs, including 9% Low Income Housing Tax Credits (LIHTC), 4% LIHTC/TEB deals, HUD HOME funds, state bond funds, and competitive grants such as HOPE VI, CHAMP, and Connecticut Brownfield programs.
- Consulting Services: Glendower provides consulting to public housing authorities, nonprofits, and municipalities, including sourcing allocation, fund identification, and compliance/asset management services, generating fee-based revenue.
- Relocation Services: The relocation team manages temporary and permanent housing transitions for residents displaced during redevelopment, providing services to other housing authorities and private corporations on a contract basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Affordable Housing - Income-Based Rent |
| Unit Pricing | Monthly | Market Rate Housing |
| Other | Pay-as-you-go | Expanded Choice Program (ECP) Financial Assistance |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Glendower product offering
Product offeringCore offering
The Glendower Group is a nonprofit real estate development firm and instrumentality of Elm City Communities / Housing Authority of New Haven that plans, finances, and builds affordable and mixed-income housing developments in Connecticut. It provides a Development Opportunities Services line (consulting, planning, funding acquisition, tax credit applications, construction management, and grant writing) to public housing authorities, nonprofits, and municipalities, plus a Mobility Works program encompassing the Expanded Choice Program (ECP) housing mobility counseling and contract-based Relocation Services for residents displaced during redevelopment.
Product overview
The Glendower Group is a nonprofit real estate development company and instrumentality of Elm City Communities/Housing Authority of New Haven, providing comprehensive affordable housing development services. The company operates two main product lines: (1) Development Opportunities Services offering consulting, planning, funding, construction management, and grant proposal services for public housing authorities and municipalities; and (2) Mobility Works, a housing mobility program featuring the Expanded Choice Program (ECP) for voucher holders and Relocation Services for families displaced during redevelopment. The company's portfolio includes multiple named housing developments managed across the New Haven area, including Brookside I & II, Mill River Crossing, Rockview I & II, Twin Brook, Wilmont Crossing, Valley Townhomes, Fair Haven at Chatham, Eastview Terrace II, Quinnipiac Terrace, and four RAD Group developments, ranging from 40 to 259 units with total development costs from $18.6M to $97.9M.
Differentiator
Problem solved
Functional benefit
Products and services
- Development Opportunities Services Comprehensive real estate development services for public housing authorities, nonprofits, and municipalities, including consulting, planning and modernization, funding acquisition, government/city approvals, tax credit applications, construction management, grant proposal writing, and special programs administration.
- Mobility Works Housing mobility and relocation services program that helps families find housing in opportunity areas, comprising the Expanded Choice Program (ECP) for voucher holders and comprehensive relocation services for residents displaced during redevelopment projects.
- Expanded Choice Program (ECP) Housing counseling program that helps families with Housing Choice Vouchers find homes in low-poverty, high-opportunity neighborhoods, offering personalized support, financial assistance (security deposit equivalent to one month's rent and up to $300 in moving reimbursements), and mobility coaching.
- Relocation Services Contract-based relocation management for residents during renovation or redevelopment projects, including temporary or permanent housing assistance, URA compliance, counseling support, and relocation services provided to other housing authorities and private corporations.
- Brookside I & II 201-unit affordable housing redevelopment in Hamden consisting of townhouses with one to four bedroom units, completed in 2019 at $74.5M development cost.
- Mill River Crossing 259-unit mixed-use, mixed-income community redevelopment of Farnam Courts in New Haven, featuring approximately 5,600 sq ft of commercial and community space, completed May 2018 at $97.9M development cost.
- Rockview I / Rockview II 155-unit townhouse-oriented redevelopment in West Rock neighborhood, with 77 units in Phase I and 78 units in Phase II offering affordable and market-rate options, completed at $63.8M development cost.
- Twin Brook 106-unit mixed finance/mixed income housing consisting of townhouses and apartments within a three-story community building, Energy Star Certified, completed at $46M development cost.
- Wilmont Crossing 47-unit senior and disability housing building with 9,800 sq ft of ground-floor commercial space, completed in 2013 at $18.6M development cost.
- Valley Townhomes 40-unit affordable townhome development near West Rock State Park built to passive house building standards, featuring two to five bedroom units and a community building with computer lab.
- Fair Haven at Chatham 32-unit Low Income Housing Tax Credit and PBV development with townhouse and flat-style units, including commercial space, community kitchen, and property management offices.
- Eastview Terrace II 102-unit RAD/PBV development with townhouse and flat-style residential units and a 6,066 sq ft community center offering youth programs, computer lab, and playground.
- Quinnipiac Terrace 193-unit HOPE VI-funded redevelopment in three phases with public housing and PBV options, completed May 2011 at $87.1M development cost.
- RAD Group I 144-unit development consisting of Constance B Motley, Newhall Gardens, Prescott Bush, and Katherine Harvey Terrace properties with solar power panels, completed at $28.7M development cost.
- RAD Group II 70-unit redevelopment consisting of Fulton Park, Stanley Justice, and Waverly properties, completed at $25.8M development cost.
- RAD Group III 213-unit development consisting of Celentano and McQueeney properties, completed in 2021 at $52.2M development cost.
- RAD Group IV 201-unit development consisting of Fairmont and Ruoppolo properties at separate sites, completed in 2022 at $31.3M development cost.
Quantifiable outcome
- Awarded over $800 million in redevelopment funds and redeveloped nearly 3,000 units across 15 major projects since 2009.
- +3 more outcomes
Companies that use Glendower
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Glendower technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Glendower partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship / core, core, major, significant and supporting.
- Elm City Communities / Housing Authority of New Haven (ECC/HANH)flagship / coreElm City Communities / Housing Authority of the City of New Haven (ECC/HANH) is the parent organization of The Glendower Group. Glendower was established in November 2001 as a nonprofit 501(c)(3) instrumentality of ECC/HANH to serve as its real estate development arm. The two entities operate in an integrated manner, with ECC/HANH providing the housing authority framework and Glendower providing development expertise.
- 360 Management Groupcore360 Management Group is a sister instrumentality of the Housing Authority of New Haven, alongside The Glendower Group. Both organizations operate under the ECC/HANH umbrella.
- City of New HavencoreGlendower partners closely with the City of New Haven on redevelopment projects, including securing city capital funds, city-owned land, and municipal approvals. The city collaborates on applications for state and federal funding.
- St. Luke's Development CorporationcoreSt. Luke's Development Corporation (SLDC) is a co-development partner with Glendower on the Whalley Avenue Revitalization project. The project includes 55 housing units (49 affordable) and 3,843 sq ft of commercial space, funded through a $7M Community Investment Fund grant. SLDC owns several parcels at 117-129 Whalley Ave., 34-36 Sperry St., and 10-12 Dickerman St.
- LMXDmajorLMXD is a co-developer with Glendower and Elm City Communities on Site B at George and State Street in Downtown New Haven, which will include approximately 175 housing units (51 affordable) and commercial space on one acre of land.
- Gilbane Development CompanymajorGilbane Development is co-developing Site A at George and State Street in Downtown New Haven (279 units, 70 affordable) with Xenolith, alongside Glendower/ECC on Site B.
- XenolithmajorXenolith is co-developing Site A at George and State Street in Downtown New Haven (279 units, 70 affordable) with Gilbane Development Company.
- Willimantic Housing AuthoritysignificantGlendower's Relocation Team was awarded a contract by the Willimantic Housing Authority (July 2024) to manage relocation services for residents, beginning with a resident kickoff meeting and one-on-one assessments.
- The Michaels Organization / Interstate Realestate ManagementcoreInterstate Realestate Management, a subsidiary of The Michaels Organization, provides outsourced property management services for the Brookside I & II property developed by Glendower.
- Trinity Management CompanycoreTrinity Management Company provides outsourced property management services for Quinnipiac Terrace, a Glendower co-development.
- Icon ArchitecturesupportingIcon Architecture, located in Boston, MA, served as the architecture firm for the Twin Brook redevelopment, designing the new townhouse-oriented neighborhood.
- Community Organizations and MunicipalitiessupportingGlendower maintains partnerships with Chambers of Commerce, municipalities, county governments, community-based and faith-based organizations, school districts, universities, and the business community to foster economic opportunities and collaborative development.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Glendower competitors and assessment
Company assessmentDirect peers
- The Michaels Organization: The Michaels Organization is a national affordable housing developer and manager that directly partners with Glendower as the property manager for Brookside I & II via its Interstate Realestate Management subsidiary. Highly comparable in LIHTC-funded affordable housing operations.
- L+M Development Partners: L+M Development Partners is a major affordable and mixed-income housing developer operating across the U.S. East Coast with deep LIHTC, RAD, and HUD-mixed-finance expertise. Their product mix, funding model, and tenant mix closely parallel Glendower's development approach.
- Pennrose: Pennrose is an affordable and mixed-income housing developer with a strong Northeast presence, developing LIHTC and RAD-financed projects at a similar scale and with comparable tenant demographics to Glendower.
- Preservation of Affordable Housing (POAH): POAH is a nonprofit affordable housing owner, developer, and manager focused on preserving and developing rental housing for low-income families. Closely mirrors Glendower's nonprofit structure and HUD-mixed-finance approach.
- Beacon Communities: Beacon Communities is a nonprofit-oriented affordable housing developer with deep experience in LIHTC, RAD conversions, and mixed-finance developments similar to Glendower's portfolio. They share a mission-driven, mixed-income development focus.
- NRP Group: NRP Group is a national developer, owner, and builder of affordable and market-rate multifamily housing with extensive LIHTC and HUD program experience. Comparable in unit scale, project size, and use of competitive funding programs.
- BRIDGE Housing: BRIDGE Housing is a nonprofit affordable housing developer on the West Coast with LIHTC and mixed-finance expertise. Compares to Glendower as a similarly structured nonprofit developer with deep regulatory expertise.
- Volunteers of America National Services: Volunteers of America National Services is a nonprofit affiliate that develops and operates affordable and supportive housing across the U.S., including senior, family, and permanent supportive housing. Shares Glendower's nonprofit model and HUD program orientation.
Broad incumbents
- The Related Companies / Related Affordable: The Related Companies is one of the largest developers of affordable and mixed-income housing in the U.S., with a dedicated affordable arm (Related Affordable) that develops LIHTC, RAD, and mixed-finance projects similar to Glendower but at national scale. Highly comparable in product and funding strategy.
- WinnCompanies: WinnCompanies is a national multifamily developer, owner, and manager with significant affordable housing exposure and direct PHA partnerships. As an established operator they take on the property management role Glendower currently outsources.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Glendower social profiles
Digital presenceGlendower financial estimates
Financial estimateRevenue estimate
Valuation estimate
Glendower leadership team
Management profileNumber of profiles
Profiles5 records
Glendower funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Glendower M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Glendower
What does Glendower do?
The Glendower Group is a nonprofit real estate development firm and instrumentality of Elm City Communities / Housing Authority of New Haven that plans, finances, and builds affordable and mixed-income housing developments in Connecticut. It provides a Development Opportunities Services line (consulting, planning, funding acquisition, tax credit applications, construction management, and grant writing) to public housing authorities, nonprofits, and municipalities, plus a Mobility Works program encompassing the Expanded Choice Program (ECP) housing mobility counseling and contract-based Relocation Services for residents displaced during redevelopment.
Is Glendower a public or private company?
Glendower is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Glendower founded?
Glendower was founded in 2001. It employs 51 to 100 people.
Where is Glendower based?
Glendower is headquartered in New Haven, United States, in the North America region.
How does Glendower make money?
Four revenue lines are on record. Real Estate Development Fees are the primary driver. The others are competitive Funding and Tax Credits, consulting Services and relocation Services.
Who are Glendower's main competitors?
Direct peers on record are The Michaels Organization, L+M Development Partners, Pennrose, Preservation of Affordable Housing (POAH), Beacon Communities, NRP Group, BRIDGE Housing and Volunteers of America National Services. Broad incumbents are The Related Companies / Related Affordable and WinnCompanies.
Does Glendower have an API?
No public API is recorded for Glendower.
What industry is Glendower in?
Glendower's product category is Affordable Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAIABAM, State/Provincial Housing, Urban/Regional Planning & Community Development. Its NAICS code is 813410 and its SIC code is 6552.