Housing Opportunity Development Corporation

What Housing Opportunity Development Corporation does

Housing Opportunity Development Corporation (HODC) is a community-based nonprofit developer and manager of affordable housing founded in 1983 and headquartered at 5340 Lincoln Avenue, Skokie, Illinois. The organization develops, owns, manages, and preserves rental and owner-occupied housing affordable to low- and moderate-income households across north suburban Cook County, Lake County, and McHenry County in northern Illinois — including Arlington Heights, Deerfield, Evanston, Glenview, Highland Park, McHenry, Niles, Northbrook, Northfield, Palatine, Skokie, and Wilmette. HODC operates as a certified Community Housing Development Organization (CHDO) and HUD-approved Housing Counseling Agency, serving families, seniors aged 62+, persons with disabilities, homeless and housing-insecure households, and local workforce/essential workers.

HODC's product surface spans four integrated service lines: Housing Development (acquiring, building, and renovating affordable rental and ownership properties, with 35+ completed projects and 686+ units); Property Management (overseeing 764+ affordable apartments including units owned by HODC, partnership-developed units, and third-party-managed properties); HUD-approved Housing Counseling (reverse mortgage counseling for homeowners 62+ and employer-assisted housing programs); and Community Education (advocacy, technical assistance, and public presentations). Senior properties (Broadview, Cary Senior Living, Crestwood Place, Morton Grove Senior, One Deerfield Place, Sunset Woods), family housing (Brummel, Callan, Claridge, Cleland Place, Conrad, Greenhaven, Hyacinth Place, Taylor Place), supportive housing for persons with disabilities (Axley Place, Hanover Landing, Heart's Place, NSSH, PHHH, Poupard Place, Prospect Townhomes, Spruce Village, Towerview, WilPower), and specialized facilities (CSEC Shelter, Mt. Pisgah Apartments) form the property portfolio.

The business model combines recurring rental income — approximately half of tenants pay rent on a sliding scale set at 30% of household income, others pay fixed below-market rents — with donations (Cornerstone Club monthly giving, Axley Place HomeComing fundraising, planned giving, gifts of stock, Zelle, PayPal) and government grants and soft financing from IHDA, HUD, Cook County, Lake County, McHenry County, and municipal governments. Development is financed through multi-source stacks including Low-Income Housing Tax Credits (syndicated by Hudson Housing Capital), FHLBank Chicago AHP, HOME funds, IHDA soft debt, and conventional lending (BMO, Village Bank/Wintrust). Co-development partners include Brinshore Development, Northpointe Development Corporation, Lutheran Social Services of Wisconsin & Upper Michigan, Shelter Youth & Family Services, and Mt. Pisgah Ministry. As of 2026, HODC has housed 992 people and developed 685 homes with $150M+ in property value developed. Technology infrastructure is standard nonprofit tooling: donor management, property management platforms, and website-based tenant intake, with no proprietary AI or technology differentiation.

Name

Housing Opportunity Development Corporation

Legal name

Housing Opportunity Development Corporation

Website

https://hodc.org

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Housing Opportunity Development Corporation (HODC) is a nonprofit affordable housing developer and property manager founded in 1983, serving low- and moderate-income families, seniors, persons with disabilities, and homeless households across northern Illinois suburbs via a CHDO-certified and HUD-approved platform with 764+ units managed.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Lessors of Residential Buildings and Dwellings (53111)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

Keywords

• Affordable housing development
• Nonprofit property management
• Supportive housing services
• Housing counseling programs
• Community housing development

Headquarters

HQ city

Skokie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income: HODC's primary revenue comes from rental income from its portfolio of over 764 affordable apartments and homes. About half of tenants pay rent on a sliding scale set at 30% of their income, while others pay fixed below-market rents.
2. Donations and Fundraising: HODC raises funds through individual donations, monthly giving (Cornerstone Club), planned giving, gifts of stock, Zelle donations, and PayPal. The organization holds special fundraising campaigns such as the Axley Place HomeComing 2026. All donations are tax-deductible.
3. Grants and Government Funding: HODC develops properties using funding from government agencies and authorities including the Illinois Housing Development Authority (IHDA), HUD, Cook County, and municipal governments. These grants and soft financing support both new development and rehabilitation projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels9 records

Core offering

HODC is a nonprofit affordable housing developer that acquires, builds, renovates, and manages rental and owner-occupied housing for low- and moderate-income households across northern Illinois (north suburban Cook, Lake, and McHenry Counties). Its current portfolio includes 33 developed properties with 611+ units plus additional third-party managed units for a total of 764 affordable apartments and homes valued at over $150 million, serving seniors aged 62+, working families, persons with disabilities, homeless households, and local workforce tenants. The organization also provides HUD-approved housing counseling services (including reverse mortgage counseling for homeowners 62+) and conducts community education and advocacy on affordable housing issues.

Product overview

Housing Opportunity Development Corporation (HODC) is a nonprofit affordable housing developer that offers four core services: Housing Development (acquiring, building, and renovating affordable rental and owner-occupied housing), Property Management (overseeing 760+ units throughout Chicago suburbs), Housing Counseling (HUD-approved reverse mortgage and employer-assisted housing programs), and Community Education (advocacy and technical assistance). HODC's portfolio includes over 33 developed properties valued at $150+ million across family housing (Brummel, Callan, Claridge, Cleland Place, Conrad, Evanston Duplexes, Greenhaven, Hyacinth Place, Taylor Place), senior housing (Broadview, Cary Senior Living, Crestwood Place, Morton Grove Senior, One Deerfield Place, Sunset Woods), supportive housing for disabilities (Axley Place, Hanover Landing, Heart's Place, NSSH, PHHH, Poupard Place, Prospect Townhomes, Spruce Village, Towerview, WilPower), and special projects (CSEC Shelter, Mt. Pisgah Apartments, Zion Woods). The organization also operates donor programs including monthly giving (Cornerstone Club) and accepts various donation methods.

Differentiator

Problem solved

Functional benefit

Products and services

• Housing Development

Quantifiable outcome

• 992 people housed and 685 homes developed as of 2026
• +3 more outcomes

Named customers3 records

Segments6 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.

• Shelter Youth & Family ServicescoreStrategic or Co-development PartnerHODC is developing the CSEC Shelter — a 12-bedroom home for girls and young women who are survivors of human trafficking — in partnership with Shelter Youth & Family Services, who will own and operate the DCFS-licensed facility. The project is the first of its kind in Illinois. Development partners include SI Container Build, Inc. and V3 Companies, Ltd. Financing comes from the Department of Children and Family Services and private donors.
• Mt. Pisgah MinistrycoreStrategic or Co-development PartnerHODC is partnering with Mt. Pisgah Ministry to develop Mt. Pisgah Apartments at 1800 Church Street in Evanston — a mixed-use development with 33 affordable rental units and approximately 2,250 sq ft of retail space. Mt. Pisgah will contribute land it currently owns and will develop a new church building at the corner of Church and Darrow. HODC will own and manage the apartments upon completion.
• Northpointe Development CorporationcoreStrategic or Co-development PartnerHODC has partnered with Northpointe Development Corporation on multiple projects including Taylor Place in McHenry (50 units, 2026) and Greenhaven Apartments in Palatine (58 units). Northpointe serves as co-developer on these properties, which target households earning 30-80% AMI.
• Northpointe Development, Henry Bros. Co., Knothe & Bruce Architects, Lutheran Social Services of Wisconsin & Upper MichigancoreStrategic or Co-development PartnerGreenhaven Apartments in Palatine was developed by Northpointe Development with Henry Bros. Co. as contractor, Knothe & Bruce Architects as architect, Lutheran Social Services of Wisconsin & Upper Michigan as co-developer/operator, and HODC providing property management. Vierbicher and Reinhart were additional partners. Financing from Cook County, BMO, FHLBank Chicago, and Hudson Housing Capital.
• Brinshore Development LLCcoreStrategic or Co-development PartnerHODC partnered with Brinshore Development LLC and the Highland Park Illinois Community Land Trust (CPAH) on Hyacinth Place in Highland Park — 14 architecturally-sensitive, green townhomes and apartments with geo-thermal heating, wind turbines, and sustainable design. Brinshore served as lead developer alongside HODC and CPAH.
• Skender ConstructioncoreStrategic or Co-development PartnerSkender Construction served as the general contractor for Cleland Place in Wilmette (16 units, 2021). HODC and Skender have collaborated on multiple projects. Skender is a Chicago-based construction firm specializing in affordable and multifamily housing.
• SI Container Build, Inc., V3 Companies, Ltd.coreTechnology or IntegrationSI Container Build, Inc. and V3 Companies, Ltd. are development partners for the CSEC Shelter project, which uses shipping containers as the primary construction method — an efficient, economical, and sustainable approach that minimizes the carbon footprint by reusing metal containers.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Regional players

• Heartland Alliance: Chicago-based anti-poverty nonprofit with affordable housing programs for special needs populations among broader human services. Operates in the same Chicago geography and shares HODC's supportive housing focus for vulnerable populations.
• Chicago Community Land Trust: Chicago-area nonprofit that creates permanently affordable homeownership through a community land trust model. Adjacent mission space — both serve low/moderate-income households in Chicago — but focuses on ownership rather than rental development.

Direct peers

• The NHP Foundation: Nonprofit that develops and manages affordable, service-enriched rental housing for families, seniors, and individuals with special needs across multiple U.S. markets. Directly comparable integrated development and resident-services model.
• BRIDGE Housing Corporation: West Coast regional nonprofit affordable housing developer and manager that combines new construction, rehabilitation, and property management with resident services. Operates with similar CHDO-equivalent regulatory positioning and mission alignment.
• Mercy Housing: National nonprofit that develops, owns, and manages affordable rental housing across the U.S. Operates the same integrated development + property management model as HODC but at substantially larger scale (~50,000+ residents served).
• Preservation of Affordable Housing (POAH): National nonprofit focused on acquiring, preserving, and developing affordable rental housing with on-site supportive services. Closely mirrors HODC's integrated approach and resident-services orientation.
• Community Housing Partners: Virginia-based regional nonprofit affordable housing developer and provider of resident services. Similar mid-sized, integrated nonprofit model with comparable reliance on LIHTC and public financing.

Emerging players

• Habitat for Humanity Chicago: Chicago-area Habitat for Humanity affiliate focused on affordable homeownership. Partial overlap with HODC's mission and northern Illinois service area, but operates a distinct sweat-equity/homeownership model rather than rental development.

Others

• Local Initiatives Support Corporation (LISC): National CDFI and HODC's actual financing partner that channels capital into community development including affordable housing. Not a direct developer peer, but operates in the same mission space and funds many of the same community-based developers.

Broad incumbents

• Enterprise Community Partners: National leader in affordable housing finance, development, and policy with far greater scale and broader capital deployment. Operates in the same affordable housing space but with a much wider portfolio, programmatic scope, and policy influence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCYl8PK1RHffi7Gf83EllHbA
• Facebookfacebook.com/housingopportunitydevcorp
• LinkedInlinkedin.com/company/housing-opportunity-development-corporation
• Instagraminstagram.com/hodchousing

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Housing Opportunity Development Corporation