Housing America Corporation

What Housing America Corporation does

Housing America Corporation is a 501(c)(3) non-profit organization headquartered in Somerton, Arizona that develops and operates affordable housing for low-income families and seniors across rural Arizona. The organization runs two core lines of business: (1) a subsidized rental housing portfolio comprising six apartment communities totaling 212 units across Somerton, Yuma, and Kingman, financed through USDA Rural Development and HUD rental subsidy programs (including HUD Section 202 PRAC for elderly housing); and (2) a homeownership division built around the USDA Mutual Self-Help Program, where groups of 10-12 low-income families collectively build each other's homes over 10-12 months, earning sweat equity equivalent to up to 10% of the home's value. Complementary offerings include the USDA 502 Loan Program with payment assistance and free pre- and post-purchase homeownership education and counseling.

The organization relies on a community-led go-to-market model, sourcing applicants through partnerships with local government, non-profits such as the Housing Assistance Council and Rural Community Assistance Corporation, the City of Somerton, and direct outreach via in-person counseling appointments and its website. Property management for two elderly housing complexes is internalized through a wholly-owned subsidiary, Biltmore Properties, while the remaining properties are managed directly. Revenue is derived from tenant rental payments, USDA and HUD operating subsidies, and program administration, with no disclosed commercial revenue lines and no technology products or proprietary platforms underlying the operating model.

Name

Housing America Corporation

Legal name

Housing America Corporation

Website

https://housingamericacorp.org

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Housing America Corporation is a 501(c)(3) non-profit that provides affordable rental housing and sweat-equity homeownership programs for low-income families and seniors across rural Arizona, operating 212 subsidized apartment units and the USDA Mutual Self-Help Program.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Lessors of Residential Buildings and Dwellings (53111), Other Community Housing Services (624229)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

akta.pro secondary industries

Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)

Keywords

• Affordable housing services
• Low-income rental housing
• Homeownership counseling
• Mutual self-help housing
• Non-profit housing development

Headquarters

HQ city

Somerton

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. Government Subsidies: The organization receives government subsidies from USDA Rural Development and HUD to subsidize rental payments for qualifying low-income residents in their apartment complexes.
2. Rental Income: Revenue generated from rental payments at multiple apartment properties including Amistad Apartments, Colorado Street Apartments, Del Pueblo Apartments, Orchid Street Apartments, Valle Del Desierto Apartments, and Harrison Haven Apartments.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Housing America Corporation is a 501(c)(3) non-profit that owns and operates six rent-subsidized apartment complexes totaling 212 units for low-income families and seniors in Arizona, and delivers homeownership pathways for low-income households through the Mutual Self-Help sweat-equity program, USDA Section 502 direct loan payment assistance, and free HUD-certified homebuyer education and counseling.

Product overview

Housing America Corporation is a 501(c)(3) non-profit organization offering a portfolio of rental housing properties and homeownership programs. The rental portfolio consists of six apartment complexes (Amistad Apartments, Colorado Street Apartments, Del Pueblo Apartments, Orchid Street Apartments, Valle Del Desierto Apartments, and Harrison Haven Apartments) providing rent-subsidized units for families and seniors across Arizona. The homeownership division provides the Mutual Self-Help Program enabling families to build their own homes through sweat equity, the 502 Loan Program offering payment assistance for qualified homebuyers, and free Homeownership Education counseling services. The Somerton 1898 Subdivision represents a new housing development initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Rental Housing Six rent-subsidized apartment complexes totaling 212 units across Arizona (Somerton, Yuma, Kingman), providing affordable rental housing for low-income families and elderly residents under USDA Rural Development and HUD subsidy programs.
• Mutual Self-Help Homeownership Program A sweat-equity group construction program in which participating low-income families contribute required labor hours alongside neighbors and volunteers to build their own homes, enabling mortgage qualification for households that could not otherwise obtain one.
• USDA Section 502 Direct Loan Program Assistance Application packaging and payment-subsidy assistance for the USDA Section 502 direct loan program, helping low-income rural households obtain 100% financing to purchase a home.
• Homebuyer Education and Counseling Free HUD-certified pre-purchase and post-purchase homebuyer education, financial counseling, and household budget preparation delivered to low-income families pursuing homeownership.
• Somerton 1898 Subdivision Development Affordable single-family subdivision development in Somerton, Arizona providing new homes for low-income families through the organization's homeownership programs.

Quantifiable outcome

• Participants in Mutual Self-Help Program can earn sweat equity equivalent to up to 10% of house value
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• City of SomertoncoreStrategic or Co-development Partner · 1 January 2025The City of Somerton is a key partner in the Somerton 1898 Subdivision development project. They participated in the groundbreaking ceremony and collaborate with Housing America Corporation to bring homeownership opportunities to the community.
• USDA Rural DevelopmentcoreOthersUSDA Rural Development provides rental subsidies for multiple Housing America Corporation properties including Amistad Apartments, Colorado Street Apartments, Orchid Street Apartments, and others. They also administer the Mutual Self-Help Program and 502 Loan Program that Housing America Corporation offers to low-income homebuyers.
• Department of Housing and Urban Development (HUD)coreOthersHUD provides rental subsidies through the Section 202 PRAC Program for elderly housing properties (Valle Del Desierto Apartments and Harrison Haven Apartments) and other properties managed by Housing America Corporation.
• Biltmore PropertiesminorImplementation/ SI/ Consulting PartnerBiltmore Properties manages Valle Del Desierto Apartments and Harrison Haven Apartments, which are owned by Housing America Corporation. This is a property management partnership for elderly housing complexes.
• Housing Assistance CouncilminorStrategic or Co-development PartnerListed as a helpful link and partner organization supporting rural housing efforts. Housing Assistance Council is a national organization providing technical assistance to rural housing organizations.
• Rural Community Assistance Corporation (RCAC)minorStrategic or Co-development PartnerRCAC provides technical assistance and support services for rural community development, including housing. Listed as a partner organization and shown in logo section.
• Arizona Department of HousingminorStrategic or Co-development PartnerState housing agency providing resources and information. Listed as a valuable link for prospective tenants on the rentals page.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Chicanos Por La Causa (CPLC): Arizona-based non-profit community development corporation offering affordable housing, homeownership counseling, and financial education to low-income families. Directly comparable rural Arizona mission and bilingual community focus.

Direct peers

• Local Initiatives Support Corporation (LISC): Major non-profit community development financial institution (CDFI) financing and supporting affordable housing and homeownership programs for low-income families nationwide. Comparable federal grant administration and counseling services.
• Mercy Housing: Large non-profit affordable housing developer and operator of subsidized multifamily rental properties serving low-income families and seniors. Similar structure of HUD/USDA-financed rental portfolio plus supportive services.
• Enterprise Community Partners: National non-profit that develops and operates affordable housing, administers down-payment assistance programs, and partners with HUD and USDA. Comparable rental and homeownership programs targeting low-income households.
• Habitat for Humanity: National 501(c)(3) operating the same Mutual Self-Help Housing model where families build each other's homes to earn sweat equity. Comparable mission, construction approach, and low-income family target market.
• The NHP Foundation: National non-profit that owns and operates affordable multifamily rental housing, including senior and family properties subsidized through federal programs. Comparable rental portfolio model and HUD financing reliance.
• Housing Assistance Council: National non-profit specifically focused on rural affordable housing, listed by HAC as a partner. Operates self-help housing and capacity-building programs similar to Housing America Corporation's model.
• National Housing Trust: Non-profit preservation-focused affordable housing organization that owns and operates subsidized multifamily rental properties, including Section 8 and HUD-financed senior housing. Comparable property ownership and federal subsidy reliance.
• Rural Community Assistance Corporation (RCAC): Partner organization providing technical assistance to rural housing developers. Operates similar rural-focused housing programs and loan products for low-income families in the western United States.

Broad incumbents

• Volunteers of America National Services: Large non-profit operating affordable and supportive housing across many states, including senior housing subsidized by HUD Section 202. Broader portfolio than HAC but overlapping operational model and resident population.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100064267406443
• Instagraminstagram.com/housingamericacorporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

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 Housing America Corporation