Glendower

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.

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

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

• Affordable housing development
• Real estate redevelopment
• Housing relocation services
• RAD conversion services
• Public housing consulting

Headquarters

HQ city

New Haven

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core 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

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

Integration1 record

Feature3 records

Partnerships

Twelve partnerships are on record, tiered flagship / core, core, major, significant and supporting.

• Elm City Communities / Housing Authority of New Haven (ECC/HANH)flagship / coreStrategic or Co-development Partner · 1 November 2001Elm 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 GroupcoreStrategic or Co-development Partner360 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 HavencoreStrategic or Co-development PartnerGlendower 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 CorporationcoreStrategic or Co-development PartnerSt. 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.
• LMXDmajorStrategic or Co-development PartnerLMXD 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 CompanymajorStrategic or Co-development PartnerGilbane 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.
• XenolithmajorStrategic or Co-development PartnerXenolith is co-developing Site A at George and State Street in Downtown New Haven (279 units, 70 affordable) with Gilbane Development Company.
• Willimantic Housing AuthoritysignificantImplementation/ SI/ Consulting PartnerGlendower'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 ManagementcoreChannel Partner/ Reseller/ DistributorInterstate Realestate Management, a subsidiary of The Michaels Organization, provides outsourced property management services for the Brookside I & II property developed by Glendower.
• Trinity Management CompanycoreChannel Partner/ Reseller/ DistributorTrinity Management Company provides outsourced property management services for Quinnipiac Terrace, a Glendower co-development.
• Icon ArchitecturesupportingTechnology or IntegrationIcon Architecture, located in Boston, MA, served as the architecture firm for the Twin Brook redevelopment, designing the new townhouse-oriented neighborhood.
• Community Organizations and MunicipalitiessupportingOthersGlendower 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

Direct 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

• Xx.com/Glendower_Group
• YouTubeyoutube.com/channel/UCbYIuhSfwm7p8kXOfq3EDsw/featured?disable_polymer=1
• Facebookfacebook.com/TheGlendowerGroup
• Instagraminstagram.com/theglendowergroup
• LinkedInlinkedin.com/company/the-glendower-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Glendower