The Inter-Faith Group

What The Inter-Faith Group does

The Inter-Faith Group is a Houston-headquartered 501(c)(3) non-profit alliance of independently operated entities that develops, manages, and delivers supportive services for affordable housing. Founded in 1965/1966 as Houston Inter-Faith Housing Corporation, the organization operates three integrated service lines: Development (TIFHC and Texas Inter-Faith Development LLC), Property Management (Texas Inter-Faith Management Corporation, est. 1998), and Resident Services (Portfolio Resident Services Inc., est. 2000, and Today's Resident Services). Its portfolio serves seniors aged 55+, families, veterans, and artists, with concentrations in Texas and New Mexico and an expanding resident services footprint across 12+ states covering 330+ communities.

The organization's business model combines project-based LIHTC equity development (with syndicators including Hunt Capital Partners and Boston Capital Finance), third-party property management fees, and increasingly, resident service contracts with healthcare payors such as Aetna Better Health of Texas. It has acquired $50M+ in multifamily properties historically, deployed $27M of LIHTC equity across two recent closings (Westheimer Garden Villas, $13.8M, Jan 2023; Oak Lofts Crossing for Seniors, $13.2M, Jul 2024), and launched multiple 2024 projects including a $31.5M mixed-income development (Skyline at Cedar Crest) in the Dallas-Fort Worth region. Subsidiaries include dedicated single-asset CHDCs (Oaklake CHDC, Brompton CHDC) and operating units led by Russ Michaels (TIFHC), Michelle Green (TIFMC), Eleanor Fanning (PRS), Melinda Frazer (TRS), and JOT Couch (OCHDC).

The Inter-Faith Group functions as a vertically integrated affordable housing platform where development pipelines feed the in-house property management arm, which in turn generates resident service revenue and SDOH contracts. Capital structure is non-profit, governed by 501(c)(3) status and reliant on federal LIHTC allocations, HOME/CDBG programs, state housing finance agencies, and bank financing (e.g., Legacy Bank). Operating scale is modest (51-100 employees), but portfolio breadth and the multi-state resident services distribution provide a recurring revenue base beneath the lumpy project-development top line.

Name

The Inter-Faith Group

Legal name

Texas Inter-Faith Group

Website

https://interfaithgroup.org

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

51–100 employees

Short description

The Inter-Faith Group is a Houston-based 501(c)(3) non-profit alliance that develops, manages, and delivers supportive services for affordable housing serving low-income seniors, families, veterans, and artists across Texas, New Mexico, and a 12-state resident services footprint covering 330+ communities.

Ownership category

akta.pro rank

Product category

Affordable Housing Development and Management

NAICS

Civic and Social Organizations (8134)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

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

Keywords

• Affordable housing development
• Multifamily property management
• Resident services programs
• LIHTC housing finance
• Nonprofit housing development

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Low-Income Housing Tax Credit (LIHTC) Equity Financing: The organization receives equity financing through federal Low-Income Housing Tax Credits (LIHTCs) for development of affordable housing properties. Developers like Hunt Capital Partners syndicate these tax credits to fund construction.
2. Property Management Services: Texas Inter-Faith Management Corporation provides multifamily property management services to affordable housing communities, generating management fees.
3. Resident Services Programs: Portfolio Resident Services and Today's Resident Services provide CORES certified resident services programs to affordable housing communities, including educational and skills-based programs.
4. Construction and Permanent Financing: Development projects receive construction and permanent financing through banks and government agencies, including Texas Department of Housing and Community Affairs bridge loans.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The Inter-Faith Group is an alliance of 501(c)(3) non-profit organizations that develops, owns, and manages affordable multifamily housing for seniors, veterans, families, and artists, while also providing professional property management and CORES-certified resident services programs to affordable housing communities. Revenue is generated through LIHTC equity financing, government-backed construction and permanent loans, property management fees, and resident services contracts.

Product overview

The Inter-Faith Group (IFG) is an alliance of independently operated 501(c)(3) non-profits offering three integrated service lines: Development Services through Texas Inter-Faith Housing Corporation (developing affordable housing since the 1960s using tax credit financing), Management Services through Texas Inter-Faith Management Corporation (multifamily property management with compliance and accounting), and Resident Services through Portfolio Resident Services, Inc. and Today's Resident Services (CORES-certified empowerment programs serving 330+ communities). The alliance manages communities under development, construction, and ongoing operation across Texas and multiple states.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services (Texas Inter-Faith Housing Corporation) Development of multifamily affordable housing communities for seniors, veterans, and families, utilizing Low-Income Housing Tax Credits (LIHTCs), HOME, CDBG, and other housing finance programs. Also provides consulting services to for-profits and non-profits seeking leadership and coordination in affordable housing development.
• Management Services (Texas Inter-Faith Management Corporation) Multifamily property management services for affordable housing communities, including compliance administration, accounting monitoring, marketing services, and human resources consulting. Manages properties throughout Texas and neighboring states.
• Resident Services (Portfolio Resident Services, Inc.) CORES-certified resident services programs that build knowledge, marketable skills, and enhance healthy lifestyles for low- to moderate-income individuals, families, and senior citizens. Operates over 275 contracts, 95% of which are LIHTC properties.
• Today's Resident Services Social impact reporting, marketing, and IT support services bridging housing operations and resident services delivery. Serves more than 330 communities in supportive services across over a dozen states.

Quantifiable outcome

• Served tens of thousands of residents across multiple states
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Aetna Better Health of Texas (CVS Health)coreStrategic or Co-development PartnerAetna Better Health of Texas partnered to provide supportive services at Westheimer Garden Villas. The partnership addresses social determinants of health and helps provide foundation and tools for residents to live healthier lives.
• Nations ConstructionminorImplementation/ SI/ Consulting PartnerHouston-based general contractor for Westheimer Garden Villas development.
• Cross Architects, PLLCminorImplementation/ SI/ Consulting PartnerTexas-based architect of record for multiple Inter-Faith developments including Westheimer Garden Villas, Avenue Heights, and Park Boulevard.
• Brownstone Construction, Ltd.minorImplementation/ SI/ Consulting PartnerTexas-based builder and contractor for Avenue Heights development in Killeen, Texas.

Scale indicators4 records

Recent moves9 records

Expansion highlights6 records

Market position

Strengths5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/texas-inter-faith-housing-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 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 The Inter-Faith Group