Innovative Housing

What Innovative Housing does

Innovative Housing, Inc. (IHI) is a 501(c)(3) nonprofit affordable housing provider founded in 1984 by the Housing Authority of Portland and headquartered in Portland, Oregon. The organization owns and operates more than 1,400 affordable rental units across Oregon and Washington, spanning workforce housing, large family apartments, studios for people with disabilities, and permanent supportive housing for individuals transitioning from homelessness. Its portfolio has been assembled through a mix of new construction, historic rehabilitation (including a 2015 Restore Oregon Art DeMuro Award-winning restoration of the Erickson Saloon and Fritz Hotel Buildings), and strategic acquisition of LIHTC-exit properties such as Village Square, the Whitmarsh Building, and Center Village to preserve long-term affordability.

The company's product surface centers on two integrated offerings. The Affordable Housing Portfolio delivers rental units subsidized through Low Income Housing Tax Credits, Historic Tax Credits, HOME funds, Housing Trust Fund grants, and tax-increment financing. Resident Services is a layered suite that includes housing stability and eviction prevention, benefits assistance (SSI/SSDI, Medicaid/Medicare), the Foundations for Financial Stability and Financial Fitness and Asset Building programs, the Healthy Generations health initiative, and the Innovative Futures youth program with its Innovative Expressions arts component. IHI also operates Innovative Change$ (IC$), a wholly owned subsidiary certified by the U.S. Treasury as a Community Development Financial Institution in 2011, providing small-dollar consumer loans and financial coaching as an alternative to predatory payday lending.

Business model is a non-traded, grant-and-rent-driven nonprofit. Capital for property development is assembled from complex multi-source stacks combining federal (ARRA exchange, FHLB, US Treasury CDFI capacity building), state (Oregon Housing and Community Services, Oregon Affordable Housing Tax Credits, legislature-appropriated relief funds), regional (Metro transit-oriented development), county (Multnomah Strategic Investment Partnership), and city (Portland HOME, TIF, CDBG-R, Lincoln City SDC waivers) sources, supplemented by private foundation grants (Meyer Memorial Trust, Kaiser Permanente Community Fund). Resident acquisition is referral-driven through a documented network of 46+ partner organizations across healthcare, education, government, faith, tribal, and food-security sectors, in lieu of commercial marketing; the 211 Info partnership augments system-wide intake. Pricing for housing units is constrained by LIHTC rent and income limits and is not publicly disclosed.

Name

Innovative Housing

Legal name

Innovative Housing, Inc.

Website

https://innovativehousinginc.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovative Housing, Inc. is a 501(c)(3) nonprofit that owns and operates more than 1,400 affordable rental units across Oregon and Washington, serving low-income individuals, families, seniors, people with disabilities, and people transitioning from homelessness through integrated housing and resident support services.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Affordable & Public Housing Asset Management (BPAJAMAI), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Affordable housing
• Resident services
• Supportive housing
• Community development
• Financial education

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Core offering

Innovative Housing, Inc. (IHI) is a 501(c)(3) nonprofit organization that develops, owns, and operates over 1,400 affordable rental apartments in Oregon and Washington. It pairs the housing portfolio with comprehensive Resident Services—including housing stability support, financial education, youth programs, health initiatives—and operates Innovative Change$ (IC$), a CDFI-certified small-dollar lending program offering an alternative to predatory payday lenders.

Product overview

Innovative Housing operates as a nonprofit affordable housing organization offering a portfolio of high-quality rental housing properties paired with comprehensive resident services. The core offerings include the Affordable Housing Portfolio of over 1,400 apartments serving diverse populations, and Resident Services programs including Housing Stability and Success, Financial Education (Foundations for Financial Stability and Financial Fitness and Asset Building Programs), the Healthy Generations health initiative, and Innovative Futures youth programming (including Innovative Expressions arts program and School and Community Success). The organization also operates Innovative Change$, a CDFI-certified microlending program providing alternatives to predatory lending. These products work together to help low-income residents maintain housing stability, improve quality of life, and access opportunities to break the cycle of poverty.

Differentiator

Problem solved

Functional benefit

Brands

• Innovative Change$ (IC$): A responsible alternative to predatory payday lenders that helps low-income households access affordable short-term cash and bridge shortfalls that jeopardize their housing and employment stability. IC$ makes small dollar consumer loans, provides financial coaching and workshops, and offers credit building opportunities.
• Resident Services
• Innovative Futures
• Healthy Generations

Products and services

• Affordable Housing Portfolio

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

46 partnerships are on record, tiered core and minor.

• Metropolitan Family ServicecoreOthersSocial service partner providing family support services including counseling, parenting programs, and family stability initiatives. Referrals and collaborative service delivery for housing clients.
• Portland Housing CentercoreOthersHousing-focused partner providing homeownership education, counseling, and housing placement assistance. Collaborative referrals for affordable housing placement and housing stability programs.
• Cascade AIDS ProjectcoreOthersHealthcare partner providing HIV/AIDS services, housing assistance for affected individuals, and supportive services. Referrals for clients with special healthcare housing needs.
• Cascadia Behavioral HealthcarecoreOthersMental health and addiction services partner providing treatment, counseling, and supportive housing services. Collaborative care for residents with behavioral health needs.
• Portland Community CollegeminorOthersEducational partner providing adult education, job training, and workforce development programs. Referrals for residents seeking educational advancement and employment opportunities.
• The HopeSpring PartnershipminorOthersCommunity partnership focused on providing comprehensive services to families and individuals in need. Collaborative referrals and service coordination.
• Human Solutions, Inc.coreOthersSocial services organization providing emergency assistance, housing programs, and community development services in East Portland. Referrals and collaborative housing programs.
• Impact NWcoreOthersComprehensive social services agency providing housing assistance, employment services, and family support. Referrals and collaborative service delivery.
• Family Assistance FoundationminorOthersFoundation providing financial assistance and support services to families in crisis. Referrals for emergency housing-related assistance.
• ROARminorOthersAdvocacy organization providing support and resources for families. Collaborative referrals for housing assistance programs.
• Multnomah County LibraryminorOthersPublic library partnership providing access to resources, internet, educational materials, and community space for residents.
• Oregon State Service CorpsminorOthersAmeriCorps program providing volunteer services and community support. Collaboration on service projects benefiting housing residents.
• American Red Cross - Oregon Trail ChapterminorOthersEmergency response and disaster relief partner providing emergency assistance and resources to residents in crisis situations.
• Gresham Barlow School DistrictminorOthersEducational partner serving families in the Gresham area. Referrals for families with school-age children seeking housing assistance.
• Centennial School DistrictminorOthersEducational partner in the Centennial school area. Referrals for families with children in school.
• Aloha Park School DistrictminorOthersEducational partner serving families in the Aloha area. School-related referrals for families.
• Reynolds School DistrictminorOthersEducational partner serving families in the Reynolds school area. Referrals for education-related housing needs.
• Camp Fire USAminorOthersYouth development organization providing programs for children and families. Collaborative services for families with youth.
• Blanket Coverage, Inc.minorOthersOrganization providing basic needs assistance including clothing and household items for families in need.
• Transition Projects, Inc.coreOthersHomeless services organization providing shelter, housing placement, and supportive services. Referrals and collaborative housing programs.
• JOINcoreOthersHousing organization focused on ending homelessness through housing placement and support services. Referrals for permanent housing solutions.
• Sisters of the RoadminorOthersSocial services organization providing meals and support to people in poverty. Referrals for individuals experiencing homelessness.
• El Programa HispanocoreOthersLatino-focused social services organization providing bilingual services, advocacy, and support to Hispanic communities. Culturally-specific referrals.
• The Oregon Food BankcoreOthersFood security organization providing food assistance and nutrition programs. Referrals for food-insecure residents.
• The Community Energy ProjectminorOthersEnergy assistance organization providing weatherization and utility assistance. Referrals for energy efficiency and bill assistance.
• Big Brothers/Big SistersminorOthersYouth mentorship organization providing mentoring programs for children. Services for families with youth needing support.
• CASH OregonminorOthersFinancial capability organization providing tax assistance and financial education. Referrals for financial literacy programs.
• Oregon Community WarehouseminorOthersMaterial assistance organization providing household goods and furniture to families in need. Referrals for household necessities.
• Multnomah County Commission on Children, Families, and CommunitycoreOthersCounty government body overseeing services to families and communities. Policy coordination and community planning partnerships.
• Neighborhood PartnershipscoreOthersCommunity development organization working on housing and neighborhood issues. Collaborative advocacy and housing programs.
• Job Developers NetworkminorOthersEmployment network providing job placement and workforce development services. Referrals for employment assistance.
• The Migrant Education Program (Oregon)minorOthersEducational program serving migrant and seasonal farmworker families. Culturally-specific educational referrals.
• AmeriCorp LINKSminorOthersAmeriCorps program providing volunteer services in communities. Service collaboration for housing programs.
• SCRAP ActionminorOthersOrganization providing surplus materials for community projects. Materials assistance for housing-related needs.
• Partners for a Hunger-Free OregonminorOthersHunger relief coalition coordinating food security programs across Oregon. Referrals for food assistance.
• Oregon State University Extension ServiceminorOthersUniversity extension program providing education and community resources. Educational program referrals.
• Write Around PortlandminorOthersLiterary arts organization providing writing programs and creative expression opportunities. Arts programming for residents.
• LRS ArchitectsminorOthersArchitecture firm providing design services for housing projects. Design and development consultation.
• GBC ConstructionminorOthersConstruction company providing building and renovation services. Construction and development partnership.
• The Confederated Tribes of Siletz IndiansminorOthersNative American tribal organization providing services and advocacy for tribal members. Culturally-specific referrals and tribal partnerships.
• Chinook Winds CasinominorOthersTribal casino operation supporting community programs through gaming revenue. Financial support and community investment.
• St. James Santiago Church and SchoolminorOthersFaith-based organization providing community services and educational programs. Referral partnerships for congregants in need.
• Meredith LodgingminorOthersHospitality company potentially supporting housing or community programs. Community investment partnership.
• North Lincoln County Historical MuseumminorOthersHistorical museum providing educational programs and community engagement opportunities. Cultural programming partnerships.
• Oregon Food BankcoreOthersRegional food bank providing food assistance and nutrition programs to communities across Oregon. Food security referrals and collaborative programs.
• 211 InfocoreOthersInformation and referral service connecting people to community resources and services. Resource referral coordination for clients.

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Enterprise Community Partners: National nonprofit with affordable housing development, financing (Enterprise Housing Credit Investments—where an IHI board member is a Senior Underwriter), and policy advocacy arms—comparable LIHTC and affordable housing finance activity, though much broader in scope than IHI.
• Mercy Housing: One of the largest nonprofit affordable housing developers and operators in the United States; comparable mission, LIHTC-driven development model, and integrated services approach—significantly larger scale than IHI but operates on the same underlying model.

Direct peers

• JOIN: Portland-based nonprofit focused on ending homelessness through housing placement, supportive services, and street outreach—comparable mission around serving homeless and low-income populations with housing stability supports.
• REACH Community Development: Portland-based nonprofit affordable housing developer and service provider developing and managing multifamily affordable housing across Oregon with an integrated resident services model—directly comparable to IHI in geography, population served, and integrated housing-plus-services approach. (Note: a board member of IHI previously held an affordable housing developer role at REACH.)
• Home Forward (Housing Authority of Portland): The Housing Authority of Portland—not only IHI's founding parent entity but also one of the largest affordable housing operators in the Portland metro area. Direct comparable on property portfolio, public funding access, and low-income resident base.
• BRIDGE Housing: Mission-driven nonprofit affordable housing developer and operator active across the West Coast (California, Oregon, Washington). Comparable scale, LIHTC-driven development model, and multifamily affordable housing focus with wraparound resident services.
• Central City Concern: Portland-based nonprofit combining affordable housing with integrated health, recovery, and employment services for people experiencing homelessness and poverty—highly comparable integrated housing-plus-services model and target population.
• Human Solutions, Inc. East Portland-based nonprofit providing affordable housing, emergency assistance, and community development; serves overlapping low-income and family populations in the IHI service area and is a documented IHI referral partner.
• Cascadia Behavioral Healthcare: Northwest Oregon nonprofit providing mental health, addiction, and supportive housing services—direct overlap on serving special-needs populations (SHP/SAMI), delivering housing combined with behavioral health supports, and operating as a documented IHI referral partner.

Regional players

• Catholic Charities of Oregon: Regional faith-based nonprofit providing housing, family services, and immigration/refugee support across Oregon. Comparable in delivering affordable housing combined with social services to low-income populations, though broader in mission and service lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/innovativehousingi
• LinkedInlinkedin.com/company/innovative-housing-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 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 Innovative Housing