Valley Affordable Housing

What Valley Affordable Housing does

Valley Affordable Housing Corp. (VAHC) is a Rhode Island-based private non-profit 501(c)(3) organization, created around 2004, that develops, owns, and manages affordable rental housing for income-qualifying individuals and families. Its portfolio is organized into two programs — Family Housing (11 properties offering one- to four-bedroom units) and Elderly Housing (4 properties totaling roughly 240 units, including JenksWoods Apartments at 61 units, Riverside Village at 88 units, Waterfall Estates at 41 units, and Hancock Estates at 50 units) — spread across Cumberland, Woonsocket, Lincoln, Newport, Pawtucket, North Kingstown, and Tiverton, RI. Developments are structured through individual, independent, wholly-owned subsidiaries per project and are financed via layered sources including Low Income Housing Tax Credits (LIHTC), Federal and State Historic Tax Credits, HUD Section 202 grants, HOME Program funds, Federal Home Loan Bank AHP, and conventional bank debt.

VAHC operates with no proprietary technology stack; its core business is real estate development, asset management, and regulated property management. All property management operations are conducted through a wholly-owned subsidiary, Pinnacle Property Management LLC, which employs 26 staff across management, administrative, and maintenance roles and manages every property VAHC develops. Pricing and tenant eligibility are not set by VAHC — they are determined by LIHTC income guidelines, HUD Section 202/Section 8 program rules, and related federal/state program requirements. Marketing is minimal and waitlist-based, with prospective tenants submitting pre-rental applications at individual property locations and being screened on income, family size, credit history, criminal history, and landlord references.

Revenue is generated entirely through two streams: development fees earned on the construction of new affordable housing properties and management fees earned through Pinnacle Property Management LLC. The organization is overseen by an all-volunteer nine-member Board of Directors with four officers (President, Vice President, Secretary, Treasurer), four of whom have served continuously since inception. Leadership comprises Executive Director Jeffrey Swanson, Director of Property Management Helene Ball, and a distributed team of property managers and housing assistants assigned to individual properties. VAHC has received regional recognition for historic preservation work from Preserve Rhode Island, the Statewide Trust for Historic Preservation, and the RI Historic Preservation and Heritage Commission, and has twice received the RI Housing Affirmative Action Award.

Name

Valley Affordable Housing

Legal name

Valley Affordable Housing Corp.

Website

https://valleyaffordable.org

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Rhode Island non-profit 501(c)(3) that develops, owns, and manages affordable rental housing for income-eligible families and seniors 62+ across 15+ LIHTC- and HUD-financed properties in seven municipalities, operated through its subsidiary Pinnacle Property Management LLC.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Lessors of Residential Buildings and Dwellings (53111), Services for the Elderly and Persons with Disabilities (624120)

SIC

Operators Of Apartment Buildings (6513), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Senior & Assisted Living Residential Property Management (BPAJAFAE), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Property management services
• Multifamily rental housing
• LIHTC housing programs
• Seniors housing

Headquarters

HQ city

Cumberland

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: VAHC earns development fees through its activities of developing new affordable housing properties. The organization develops properties primarily through wholly owned subsidiaries using multiple financing sources including Low Income Housing Tax Credits, Historic Tax Credits, HUD grants, and conventional bank financing.
2. Management Fees: VAHC earns management fees through its wholly owned subsidiary Pinnacle Property Management LLC, which manages multifamily residential real estate properties. Pinnacle manages all properties that VAHC develops.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Valley Affordable Housing Corp. acquires, develops, owns, and manages affordable multifamily rental housing for income-qualifying individuals and seniors across Rhode Island through LIHTC, Historic Tax Credit, HUD Section 202, Section 8, HOME Program, and conventional financing. Two housing programs are offered — Family Housing (one to four bedroom apartments) and Elderly Housing (Section 202 one-bedroom units for seniors 62+) — with property management delivered by its wholly owned subsidiary Pinnacle Property Management LLC.

Product overview

Valley Affordable Housing Corp. operates as a private non-profit 501(c)(3) organization that develops, owns, and manages affordable housing properties in Rhode Island. The organization manages a portfolio of residential properties through two main programs: Family Housing (11 properties offering one to four bedroom units for income-qualifying families and singles) and Elderly Housing (4 properties offering one-bedroom units for seniors 62+). Property management operations are handled exclusively by its wholly-owned subsidiary, Pinnacle Property Management LLC, which employs 26 staff members. The portfolio includes developments financed through Low Income Housing Tax Credits (LIHTC), HUD Section 202 grants, Section 8 subsidies, historic restoration projects, and various state and federal housing programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Family Housing Properties Affordable housing developments offering one to four bedroom apartments for income-eligible families and singles. Properties include Newport Heights Phase IV, Ashton Village, Lincoln Village, Berkley Village, A&H Housing LP, Main & Sayles LLC, Langford Estates at Reynolds Farm, Lincoln Memorial School, Valley Affordable Market Units, The Cove I LLC, and Driftwood Estates, located in Cumberland, Woonsocket, Lincoln, Newport, Pawtucket, and North Kingstown, RI.
• Elderly Housing Properties Senior-focused affordable housing developments for residents 62 years or older (or disabled for Section 8 properties). Properties include JenksWoods Apartments (61 units, Section 202), Riverside Village Apartments (88 units, LIHTC with Section 8 subsidy), Waterfall Estates (41 units, Section 202), and Hancock Estates (50 units, Section 202), located in Cumberland and Tiverton, RI. Some units offer wheelchair accessibility.
• Pinnacle Property Management LLC Wholly owned subsidiary of Valley Affordable Housing Corp. that manages multifamily residential real estate with 26 employees in management, administrative, and maintenance positions. Handles all property management operations for VAHC's affordable housing portfolio.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Pinnacle Property Management LLCcoreOEM/ Whitelabel/ Licensing PartnerVAHC is the sole Member of Pinnacle Property Management LLC. Pinnacle has no directors or officers of its own. Pinnacle's sole activity is the management of multifamily residential real estate, managing all properties that VAHC develops.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• National Church Residences: Non-profit 501(c)(3) organization that develops and operates senior housing — including HUD Section 202 — for low-income elderly, mirroring VAHC's elderly housing segment and nonprofit financing structure.
• Mercy Housing: Large national non-profit that develops, owns, and manages affordable multifamily and senior housing using LIHTC, HUD, and state/local financing, with integrated property management — strong parallel to VAHC's integrated develop + manage structure.
• The Community Builders: Boston-based non-profit developer, owner, and manager of affordable and mixed-income housing across multiple states, utilizing LIHTC and HUD programs to deliver family and senior housing — comparable vertically integrated nonprofit model.
• Preservation of Affordable Housing (POAH): Non-profit affordable housing owner/operator active in the Northeast including Rhode Island, focused on LIHTC preserved affordable rental housing with integrated property management — directly comparable mission and financing approach.
• Beacon Communities: Non-profit affordable housing developer and manager operating LIHTC and mixed-financed multifamily and senior housing in the Northeast, with both family and elderly portfolios — directly comparable in product mix and regulatory financing strategy.
• Pennrose Group: Mid-Atlantic/Northeast LIHTC-focused affordable housing developer and manager with strong historical new-construction and historic rehab pipeline — comparable use of Historic Tax Credits and HUD programs to VAHC.
• ONE Neighborhood Builders: Providence-based non-profit developer and owner of affordable housing serving Rhode Island low-income families, using LIHTC and HOME Program financing — same operating geography, customer base, and develop-plus-manage model as VAHC.
• Church Community Housing Corporation: Newport-based non-profit affordable housing developer and property manager in Rhode Island serving low-income households — direct geographic peer with similar LIHTC/HUD-financed family and senior portfolio.

Broad incumbents

• WinnCompanies: Boston-headquartered large multifamily owner and operator with substantial affordable housing (LIHTC, Section 8) portfolio and significant New England presence — broader scale incumbent operating in similar geography and programs.

Others

• Rhode Island Housing (RIHC): State housing finance agency that allocates LIHTC, administers Section 8, and finances affordable housing in Rhode Island — not a direct competitor, but the principal counterparty and capital source for VAHC's development pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/valley-affordable-housing-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Valley Affordable Housing