Valley Affordable Housing
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.
- Company typePrivate
- Founded2004
- HeadquartersCumberland, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
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.
Valley Affordable Housing firmographics
Firmographics- 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
Valley Affordable Housing industry classification
Industry- 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
Where Valley Affordable Housing is headquartered
LocationHeadquarters
- HQ city
- Cumberland
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Valley Affordable Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- 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.
- 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
Valley Affordable Housing product offering
Product offeringCore 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.
Companies that use Valley Affordable Housing
Customer profileSegments3 records
Ideal customer profiles2 records
Valley Affordable Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Valley Affordable Housing partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Pinnacle Property Management LLCcoreVAHC 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
Valley Affordable Housing competitors and assessment
Company assessmentDirect 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
Valley Affordable Housing social profiles
Digital presenceValley Affordable Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Valley Affordable Housing leadership team
Management profileNumber of profiles
Profiles9 records
Valley Affordable Housing subsidiaries and ownership
Company hierarchySubsidiaries1 record
Valley Affordable Housing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Valley Affordable Housing 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 Valley Affordable Housing
What does Valley Affordable Housing do?
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.
Is Valley Affordable Housing a public or private company?
Valley Affordable Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Valley Affordable Housing founded?
Valley Affordable Housing was founded in 2004. It employs 11 to 50 people.
Where is Valley Affordable Housing based?
Valley Affordable Housing is headquartered in Cumberland, United States, in the North America region.
How does Valley Affordable Housing make money?
Two revenue lines are on record. Development Fees are the primary driver. The others are management Fees.
Who are Valley Affordable Housing's main competitors?
Direct peers on record are National Church Residences, Mercy Housing, The Community Builders, Preservation of Affordable Housing (POAH), Beacon Communities, Pennrose Group, ONE Neighborhood Builders and Church Community Housing Corporation. WinnCompanies is listed as a broad incumbent. Rhode Island Housing (RIHC) is listed as an others.
Does Valley Affordable Housing have an API?
No public API is recorded for Valley Affordable Housing.
What industry is Valley Affordable Housing in?
Valley Affordable Housing's product category is Affordable Housing. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of BPAJAFAE, Senior & Assisted Living Residential Property Management. Its NAICS code is 53111 and its SIC code is 6513.