Housing Opportunity Programs
Housing Opportunity Programs (HOPZ) is a New Jersey-based nonprofit real estate redeveloper that acquires and renovates dilapidated 1-6 unit residential properties in Central and Northern New Jersey using grandfather land use laws, then transfers them to local non-profit housing providers for affordable housing use.
- Company typePrivate
- Founded-
- HeadquartersRed Bank, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Housing Opportunity Programs does
Housing Opportunity Programs (HOPZ) is a New Jersey-based nonprofit real estate redeveloper founded in 2001 that converts dilapidated and abandoned 1-6 unit residential properties in Central and Northern New Jersey into affordable housing. The organization acquires distressed properties through innovative strategies including foreclosure on tax liens and purchase of delinquent mortgages from banks at short values, then renovates them using construction crews and protocols optimized for older existing structures. HOPZ repairs 'what exists' under grandfather land use laws to avoid planning and zoning regulatory approvals, cutting delay and expense and producing renovations in approximately two-thirds the time of new construction at roughly 15% below fair market appraisal. Renovated properties are transferred to local non-profit housing providers and social service organizations for long-term tenancy, or temporarily managed by HOPZ until a suitable local agency assumes ownership.
The organization operates with a lean infrastructure: 11-50 personnel, no salaries paid to trustees, directors, officers, or staff, and corporate sponsorship from Cherokee Solutions/Group providing office space, web hosting, and IT services at no cost. The technology stack is a Windows-based Intel environment with GIS mapping, relational databases, and Visual Basic development, supported by a property identification methodology that cross-references utility records, foreclosure and tax lien records, and violation records. Funding flows from federal, state, and local grants, in-kind donations of materials and professional services, CRA-eligible donations (over 75% of work concentrated in low-to-moderate income census tracts), and tax-deductible property donations from banks and institutional owners. HOPZ is also developing a 'Best Practices of Affordable Housing Infill Development' educational blueprint intended for national replication and offers free community survey services to municipalities identifying candidate properties.
Housing Opportunity Programs firmographics
Firmographics- Name
- Housing Opportunity Programs
- Legal name
- Housing Opportunity Programs, Inc.
- Website
- https://www.hopz.org
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Housing Opportunity Programs (HOPZ) is a New Jersey-based nonprofit real estate redeveloper that acquires and renovates dilapidated 1-6 unit residential properties in Central and Northern New Jersey using grandfather land use laws, then transfers them to local non-profit housing providers for affordable housing use.
- Ownership category
- akta.pro rank
Housing Opportunity Programs industry classification
Industry- Product category
- Nonprofit Affordable Housing Development
- NAICS
- Residential Building Construction (2361), Community Housing Services (62422)
- SIC
- General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)
Keywords
Where Housing Opportunity Programs is headquartered
LocationHeadquarters
- HQ city
- Red Bank
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Housing Opportunity Programs business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Property Sales and Transfers: Renovated properties are sold to public and private social service organizations at flexible prices ranging from fair market value to outright gifts. Properties are gifted in accordance with wishes of original property providers or rehabilitation funders.
- Grants and Loan Guarantees: Funding from existing federal, state, and local sources, both public and private. HOPZ leverages non-profit status to secure grants.
- In-Kind Donations: Building materials, tools, equipment, professional services, and contractor services donated to maximize value of every funding dollar.
- Community Reinvestment Act (CRA) Credits: Donations qualify for CRA credit since over 75% of work is concentrated in Census Tracts identified as low-to-moderate income.
- Tax-Deductible Property Donations: Accepts donations of distressed vacant properties from institutional owners such as banks and tax lien traders, providing tax deductions for donors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Flexible Property Pricing |
Go-to-market motion3 records
Distribution channels1 record
Marketing channels5 records
Housing Opportunity Programs product offering
Product offeringCore offering
Housing Opportunity Programs (HOPZ) is a non-profit real estate redeveloper that acquires dilapidated 1-6 unit residential properties in Central and Northern New Jersey through tax lien foreclosures and short mortgage acquisitions from banks, renovates them quickly using grandfather land use laws, and transfers the renovated, affordable housing units to local non-profit housing providers and social service organizations for long-term tenancy management. The organization also produces free community surveys for municipalities to identify candidate distressed properties.
Product overview
Housing Opportunity Programs (HOPZ) operates as a nonprofit real estate redeveloper offering a unified suite of housing renovation and community development services. The core offering consists of acquiring, renovating, and repositioning dilapidated 1-6 unit residential properties across Central and Northern New Jersey into affordable housing. HOPZ provides in-house capabilities spanning property analysis, budgeting and financing, zoning and construction, and property management. Post-renovation, properties are transferred to partner nonprofits and social service organizations for long-term tenant management. Additionally, HOPZ offers the 'Best Practices of Affordable Housing Infill Development' educational program as a blueprint for other organizations nationally, along with free community survey services to identify candidate properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing Renovation Services Core service involving the acquisition of distressed 1-6 unit residential properties in New Jersey and their renovation into desirable, affordable housing for transfer to local non-profit partners.
- Property Transfer Program Program through which renovated properties are transferred to local housing providers or social service organizations for long-term management and tenant services, at flexible prices ranging from fair market value to outright gifts.
- Best Practices of Affordable Housing Infill Development Step-by-step educational program and blueprint designed to empower other community-based housing advocates across America to replicate HOPZ's affordable housing renovation model in their own communities.
- Community Survey Services Free neighborhood or municipality surveys that compile data from utility records, foreclosure and tax lien records, and Health and Building Department violation records to identify non-performing properties that are candidates for acquisition and renovation.
- Property Management Interim property management services provided by HOPZ for renovated properties until local non-profit agencies assume ownership and long-term management responsibilities.
Quantifiable outcome
- 75% of work concentrated in low-to-moderate income census tracts qualifying for CRA credits
- +1 more outcomes
Companies that use Housing Opportunity Programs
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Housing Opportunity Programs technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Housing Opportunity Programs partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Cherokee Solutions / Cherokee GroupcoreCorporate sponsor providing office space, web site hosting and maintenance at no cost to HOPZ. This arrangement reduces overhead allowing HOPZ to focus funding directly on mission activities. Charlotte Cohen's IT company.
- Habitat For Humanity (NJ Chapters)minorInformal referral and cooperation relationship. HOPZ refers land donation opportunities more appropriate for new construction to Habitat For Humanity local chapters.
- Local Social Service OrganizationscoreHOPZ acquires and renovates properties, then transfers them to local housing providers and social service organizations who manage long-term tenancy and provide services to families.
- NJ Serves (Rutgers University)minorReferral partnership directing families in need of housing to the NJ Serves database containing 400+ housing assistance agencies in New Jersey.
Scale indicators4 records
Recent moves6 records
Expansion highlights8 records
Housing Opportunity Programs competitors and assessment
Company assessmentDirect peers
- Habitat for Humanity International: Large non-profit affordable housing provider that HOPZ already has a referral relationship with (NJ chapters). Habitat focuses on new construction of affordable homes, while HOPZ renovates distressed existing stock, but both serve similar low-income families and depend on volunteer labor, donated materials, and partner non-profit ecosystems.
- Rebuilding Together: National non-profit focused on rehabilitating existing homes for low-income homeowners, similar to HOPZ's renovation-of-distressed-stock model. Comparable volunteer-driven, donation-funded approach and infill rehabilitation philosophy.
- NeighborWorks America: National network of 240+ affordable housing and community development non-profits. HOPZ operates in a comparable niche (community-based housing rehabilitation) and could plausibly join the network as it scales its national blueprint.
- Mercy Housing: Non-profit affordable housing developer operating across multiple states, focused on creating and preserving affordable rental housing for low-income families, seniors, and people with disabilities. Comparable mission and non-profit funding model, though at significantly larger scale.
- BRIDGE Housing: Non-profit affordable housing developer producing rental and ownership housing for low- and moderate-income households, primarily on the West Coast. Comparable non-profit developer model and similar focus on integrating affordable housing within existing neighborhoods.
- Housing Partnership Network: Collaborative of 100+ high-performing non-profit affordable housing developers. HOPZ's cooperative model of producing housing and transferring to partner non-profits is structurally aligned with how HPN members collaborate.
- National Housing Trust: Non-profit focused on preserving and operating affordable rental housing across the U.S. The acquisition-and-preservation-of-affordable-housing mission closely parallels HOPZ's acquisition-and-renovation model.
Broad incumbents
- Enterprise Community Partners: Major national non-profit that develops and preserves affordable housing across the U.S. While much larger and more institutionalized than HOPZ, it competes for similar CRA-funded and grant-funded affordable housing dollars in overlapping geographies.
- Local Initiatives Support Corporation (LISC): National community development financial institution supporting affordable housing and neighborhood revitalization. LISC's mission of stabilizing at-risk neighborhoods through place-based investment directly overlaps HOPZ's anti-blight model.
Regional players
- NIA Community Habitat Development: New Jersey-based community housing development organization. HOPZ's Director of Government Affairs, Ellen Steinberg, sits on its executive board, indicating direct operational overlap in the NJ community housing ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Housing Opportunity Programs social profiles
Digital presenceHousing Opportunity Programs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Housing Opportunity Programs leadership team
Management profileNumber of profiles
Profiles1 record
Housing Opportunity Programs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Housing Opportunity Programs 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 Housing Opportunity Programs
What does Housing Opportunity Programs do?
Housing Opportunity Programs (HOPZ) is a non-profit real estate redeveloper that acquires dilapidated 1-6 unit residential properties in Central and Northern New Jersey through tax lien foreclosures and short mortgage acquisitions from banks, renovates them quickly using grandfather land use laws, and transfers the renovated, affordable housing units to local non-profit housing providers and social service organizations for long-term tenancy management. The organization also produces free community surveys for municipalities to identify candidate distressed properties.
Is Housing Opportunity Programs a public or private company?
Housing Opportunity Programs is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Housing Opportunity Programs founded?
Housing Opportunity Programs was founded in -1. It employs 11 to 50 people.
Where is Housing Opportunity Programs based?
Housing Opportunity Programs is headquartered in Red Bank, United States, in the North America region.
How does Housing Opportunity Programs make money?
Five revenue lines are on record. Property Sales and Transfers are the primary driver. The others are grants and Loan Guarantees, in-Kind Donations, community Reinvestment Act (CRA) Credits and tax-Deductible Property Donations.
Who are Housing Opportunity Programs's main competitors?
Direct peers on record are Habitat for Humanity International, Rebuilding Together, NeighborWorks America, Mercy Housing, BRIDGE Housing, Housing Partnership Network and National Housing Trust. Broad incumbents are Enterprise Community Partners and Local Initiatives Support Corporation (LISC). NIA Community Habitat Development is listed as a regional player.
Does Housing Opportunity Programs have an API?
No public API is recorded for Housing Opportunity Programs.
What industry is Housing Opportunity Programs in?
Housing Opportunity Programs's product category is Nonprofit Affordable Housing Development. Its primary akta.pro industry code is FSALAKAO, Community Development & Neighborhood Revitalization Housing Programs. Its NAICS code is 2361 and its SIC code is 1520.