North Carolina Housing Services and Management

What North Carolina Housing Services and Management does

ANCHOR — Affordable North Carolina Housing Organization (legal entity: North Carolina Housing Foundation Inc.) is a 501(c) nonprofit founded in 1968 that develops and manages affordable rental housing for low- to moderate-income residents across North Carolina and into South Carolina. The organization operates through two divisions: ANCHOR Development, which originates and preserves affordable housing (originally formed as North Carolina Housing Foundation in 1968), and ANCHOR Services & Management, formed in 1998 as North Carolina Housing Services & Management Corporation, which provides training, technical support, and property management for both ANCHOR-owned and third-party properties. Supporting programs include ANCHORWorks, a nonprofit facilities services initiative that creates workforce pathways in culinary, construction, and janitorial services, and Veterans Helping Veterans Heal (VHVH), established in 2012 with a VA Homeless Providers Capital Grant to house homeless veterans in the renovated former VFW Post 1134 in Winston-Salem.

The organization's portfolio spans 43 properties and approximately 2,000 residents, with more than 2,500 homes delivered since 1968 and a managed property portfolio exceeding $100 million. Revenue is generated through three primary streams: rental income from owned properties, third-party property management fees (covering maintenance, asset management, financial management, audits, and regulatory compliance), and grant funding from government sources (VA, Housing Authority), foundations (Twin City Development Foundation, Kate B. Reynolds Charitable Trust), and individual/corporate donors. Development is financed substantially through Low Income Housing Tax Credits (LIHTC) and partnerships with government agencies, private developers, financial partners, and community organizations. The customer base is segmented into four primary personas — seniors, veterans, individuals with disabilities, and low-to-moderate-income families — with rents set relative to Area Median Income (AMI) thresholds under a Housing First philosophy. ANCHOR has been twice recognized by the North Carolina Housing Finance Agency with the Achievement in Affordable Housing award and is headquartered at 635 W. 4th Street in Winston-Salem, NC.

The go-to-market model is relationship-driven rather than sales-led in the traditional sense: ANCHOR pursues development opportunities through proposals and RFPs to housing authorities (e.g., ASPIRE), participates in municipal housing initiatives (e.g., City of Greensboro's Road to 10,000), and maintains long-standing partnerships with the VA, financial institutions, and community groups. The organization places on-site Service Coordinators at every property to connect residents with external community resources. Recent strategic activity includes a June 11, 2026 proposal to ASPIRE to redevelop Crystal Towers, geographic expansion into Greensboro, capacity expansion through new hires (George Redd IV as Director of Housing & Strategic Planning, Brittney Hopkins in transaction management), and the opening of a new downtown Winston-Salem office in June 2024. Headcount is not publicly disclosed. Technology is not a differentiator; the organization runs on standard property management and communications tooling with no disclosed AI, API, or proprietary platform.

Name

North Carolina Housing Services and Management

Legal name

North Carolina Housing Foundation Inc.

Website

https://nchsm.org

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

ANCHOR (North Carolina Housing Foundation Inc.) is a 501(c) nonprofit founded in 1968 that develops and manages affordable rental housing for seniors, veterans, individuals with disabilities, and low-to-moderate-income families across North Carolina, operating 43 properties serving approximately 2,000 residents through a portfolio exceeding $100 million.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Community Housing Services (62422), Other Community Housing Services (624229), Services for the Elderly and Persons with Disabilities (624120), Services to Buildings and Dwellings (5617), Temporary Shelters (624221)

SIC

Services-Social Services (8300), Operators Of Apartment Buildings (6513), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Housing Assistance & Homeless Services (BPAGAEAB), Senior & Assisted Living Residential Property Management (BPAJAFAE), Elder Services & Aging Support (BPAGAEAF)

Keywords

• Affordable housing development
• Property management services
• Nonprofit housing services
• Senior housing programs
• Veteran housing support

Headquarters

HQ city

Winston Salem

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Others, Marketing or Sales

Revenue model

1. Property Management Services: ANCHOR manages its own properties and also provides property management services to other developers. Services include property maintenance, management setup, staff training, asset management, financial management, independent audits, and regulatory compliance.
2. Housing Development: Development and preservation of affordable housing through partnerships with government agencies, private developers, financial partners, and granting organizations. Uses Low Income Housing Tax Credits (LIHTC) as a key funding mechanism.
3. Grant Funding: Receives funding from government grants (VA Homeless Providers Capital Grant), foundation grants (Twin City Development Foundation, Kate B. Reynolds Charitable Trust), and individual/corporate donors for specific programs like VHVH and ANCHORWorks.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

ANCHOR develops, owns, and manages affordable multifamily rental housing for low- to moderate-income seniors, families, veterans, and individuals with disabilities across North Carolina. It operates two nonprofit divisions — ANCHOR Development (development and preservation of affordable housing) and ANCHOR Services & Management (training, technical support, and property management for ANCHOR-owned and third-party properties) — and connects residents to community services via on-site Service Coordinators. It also runs ANCHORWorks (facilities services with workforce pathways) and Veterans Helping Veterans Heal (VHVH) for homeless veterans.

Product overview

ANCHOR is a nonprofit affordable housing organization comprising two divisions that work together: ANCHOR Development (formed in 1968 as North Carolina Housing Foundation) handles development and preservation of affordable housing, while ANCHOR Services & Management provides training, technical support, and property management services. Supporting programs include ANCHORWorks (facilities services with workforce development), Veterans Helping Veterans Heal (VHVH, housing for homeless veterans), and the Crystal Towers Redevelopment Initiative. The organization manages 43 properties providing more than 2,500 homes across North Carolina.

Differentiator

Problem solved

Functional benefit

Brands

• ANCHORWorks: Nonprofit facilities services program that delivers cleaning and custodial services while creating meaningful workforce pathways in culinary, construction, and janitorial services for individuals working to rebuild and strengthen their lives.
• Veterans Helping Veterans Heal (VHVH)

Products and services

• ANCHOR Development Development and preservation of affordable housing for low- to moderate-income seniors, families, veterans, and individuals with disabilities. Partners with government agencies, private developers, financial partners, and granting organizations to develop new properties and preserve existing affordable housing stock across North Carolina.
• ANCHOR Services & Management Comprehensive training, technical support, and property management for multi-family affordable-housing properties serving low- to moderate-income seniors, families, and individuals with disabilities. Manages ANCHOR's own portfolio and provides third-party property management to other developers, covering maintenance, management setup, staff training, asset management, financial management, independent audits, and regulatory compliance. Every property has an on-site Service Coordinator linking residents to community resources.
• ANCHORWorks Facilities Services Nonprofit, mission-driven facilities services program delivering cleaning and custodial services to clients across the Carolina Core while creating workforce pathways in culinary, construction, and janitorial services for individuals working to rebuild and strengthen their lives.
• Veterans Helping Veterans Heal (VHVH)

Quantifiable outcome

• More than 2,500 homes provided for low- to moderate-income neighbors since 1968
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed No

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.

• ASPIRE (formerly Housing Authority of Winston-Salem)coreStrategic or Co-development Partner · 11 June 2026ANCHOR submitted a Letter of Interest (LOI) and presented a proposal to ASPIRE on June 11, 2026 to explore potential redevelopment of Crystal Towers in downtown Winston-Salem. The proposal aims to address long-standing challenges at Crystal Towers while ensuring the property continues to serve low-income neighbors. The evaluation process includes thorough assessment of residents' needs and development options.
• US Department of Veterans AffairscoreStrategic or Co-development Partner · 1 January 2012VA provides funding through a Homeless Providers Capital Grant to support Veterans Helping Veterans Heal (VHVH), an ANCHOR program that provides housing for homeless veterans. The VA is a key partner in Winston-Salem's efforts to end chronic homelessness among veterans.
• Kate B. Reynolds Charitable TrustminorStrategic or Co-development PartnerANCHOR team member Hasani Mitchell serves on the Forsyth County Advisory Council for the Kate B. Reynolds Charitable Trust. The Trust focuses on building thriving communities and addressing narratives impacting historically marginalized people.
• City of GreensborominorStrategic or Co-development PartnerANCHOR is working with the City of Greensboro on The Grayson at Randleman Crossing, a new affordable housing development that advances the City's Road to 10,000 housing initiative. Deputy Director Tanya Skillman expressed excitement about bringing more affordable homes to families.
• Tony Crawford ConstructionminorImplementation/ SI/ Consulting PartnerConstruction partner involved in ANCHOR projects, including the new downtown Winston-Salem office ribbon-cutting celebration.
• Greater Winston-Salem Inc.minorStrategic or Co-development PartnerRegional economic development organization partnering with ANCHOR on community development initiatives, including participation in ribbon-cutting events.
• Government Agencies, Private Developers, Financial Partners, Granting Organizations, Religious Organizations, Community Development Groups, Other NonprofitscoreStrategic or Co-development PartnerANCHOR partners with a broad ecosystem of government agencies, private developers, local employers, financial partners, granting organizations, religious organizations, community development groups, and other nonprofits to fill gaps in affordable housing across North Carolina communities.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Self-Help Ventures Fund: North Carolina-based nonprofit CDFI that develops and manages affordable housing for low-income families and underserved communities. Operates an integrated lending and real estate development model very similar to ANCHOR's development-plus-management structure in the same state.
• Preservation of Affordable Housing (POAH): Nonprofit affordable housing developer and manager focused on preserving and operating affordable rental housing for low-income residents. Comparable to ANCHOR's preservation mission and multi-property LIHTC-financed portfolio model.

Broad incumbents

• Mercy Housing: National nonprofit affordable housing developer and operator serving low-income families, seniors, and people with disabilities. Comparable to ANCHOR in mission and integrated resident services model, with a similar LIHTC-driven development pipeline.
• National Church Residences: One of the largest nonprofit affordable housing developers and operators in the US, focused on senior housing. Comparable to ANCHOR's senior housing development and service coordination model but operating nationally with substantially greater scale.
• The NRP Group: For-profit affordable housing developer with a national footprint, developing LIHTC-financed multifamily communities. Comparable to ANCHOR as a competitor for LIHTC allocations and affordable housing development deals in similar geographies.
• Enterprise Community Partners: National nonprofit that develops and finances affordable housing, including through LIHTC syndications and community development. Comparable to ANCHOR in mission and operates within similar public-private partnership structures.
• Volunteers of America (National Services): National nonprofit operating affordable and supportive housing programs, including programs serving homeless veterans comparable to ANCHOR's VHVH. Overlaps with ANCHOR in serving veteran populations and combining housing with supportive services.

Regional players

• Raleigh Housing Authority: Public housing authority serving Raleigh, NC, operating public housing and LIHTC properties for low-income residents including seniors and families. Comparable to ANCHOR in serving North Carolina affordable housing residents and partnering with local developers.
• Charlotte Housing Authority: Public housing authority serving Charlotte, NC, managing affordable housing stock and redevelopment projects. Comparable to ANCHOR in its role as a regional affordable housing provider and potential development/redevelopment partner for LIHTC and public housing initiatives.

Others

• Housing Authority of the City of Winston-Salem (ASPIRE): Public housing authority serving Winston-Salem that ANCHOR partners with for affordable housing initiatives, including the proposed Crystal Towers redevelopment. Highly relevant as a primary public-sector counterparty and source of future development opportunities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xtwitter.com/anchornc
• YouTubeyoutube.com/@ANCHORNC
• Facebookfacebook.com/anchorhousing
• LinkedInlinkedin.com/company/anchorhousing
• Instagraminstagram.com/anchorhousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 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 North Carolina Housing Services and Management