Horizon Development Properties

What Horizon Development Properties does

Horizon Development Properties, Inc. (HDP) is a Charlotte, North Carolina-based nonprofit affordable housing developer founded in 2001 and operating as the dedicated development arm of parent organization INLIVIAN. HDP develops, acquires, and manages high-quality multi-family, senior living, and public-private partnership housing projects targeting mixed-income residents with household incomes ranging from 30% to 80% of Area Median Income. The company's portfolio centers on two flagship assets: The Gaston at North End, a $34 million, 144-unit mixed-income development placed in service on October 31, 2023 on a former public housing site, and Trella Uptown, a 353-unit mixed-use, mixed-income development under construction with completion targeted for Q1 2026.

HDP's underlying development model relies on a multi-layered public-private partnership financing structure, combining 4% Low-Income Housing Tax Credit (LIHTC) Bonds, City of Charlotte Housing Trust Funds, developer equity, construction loans, and Freddie Mac/Fannie Mae permanent financing to underwrite affordable housing projects. Its technology footprint is limited to conventional residential building components (Energy Star appliances, nine-foot ceilings, luxury vinyl plank flooring) and standard amenity packages (community rooms, fitness centers, computer rooms, outdoor playgrounds). Property management for the larger Trella Uptown asset is outsourced to Greystar, while leasing at operating properties is handled via on-site offices.

HDP's revenue mechanics are driven by recurring rental income from a mix of affordable units (priced at 30%-80% AMI) and market-rate units, supplemented by developer fees, equity contributions, and pass-through public-sector financing flows. The company employs 51-100 people and serves three principal customer segments: mixed-income households seeking affordable multi-family housing, senior residents in affordable housing frameworks, and government/public-sector partners (City of Charlotte, state agencies, public housing authorities) seeking development expertise for affordable housing initiatives. Distribution is conducted through direct on-site leasing offices and through the Greystar partnership for Trella Uptown, with no traditional marketing channels and limited geographic scope to the Charlotte metropolitan area.

Name

Horizon Development Properties

Legal name

Horizon Development Properties, Inc.

Website

https://hdproperties.org

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Horizon Development Properties is a Charlotte-based nonprofit affordable housing developer and the development arm of INLIVIAN, building mixed-income multi-family, senior, and public-private partnership housing for households earning 30%-80% of Area Median Income.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Land Subdivision (2372), Residential Property Managers (531311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Affordable housing development
• Mixed-income housing
• Multi-family residential
• Public-private partnerships
• Senior living facilities

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Income: Revenue generated from leasing residential units at market rates and affordable rates to mixed-income residents. The Gaston at North End has 144 units; Trella Uptown has 353 units with 30% affordable and 70% market rate.
2. Public-Private Partnership Financing: Funding received through government housing programs including 4% LIHTC Bonds, City of Charlotte Housing Trust Funds, developer equity, construction loans, and Freddie/Fannie permanent financing.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Core offering

Horizon Development Properties, Inc. (HDP) is the nonprofit development arm of INLIVIAN that develops, acquires, and manages affordable and mixed-income multi-family, senior living, and public-private partnership housing projects in Charlotte, NC. The company focuses on serving mixed-income residents earning 30%–80% of Area Median Income (AMI), financing projects through 4% LIHTC Bonds, City of Charlotte Housing Trust Funds, developer equity, construction loans, and Freddie/Fannie permanent financing. Its current portfolio is anchored by The Gaston at North End (144 units, placed in service October 31, 2023) and Trella Uptown (353 units, targeted for completion Q1 2026).

Product overview

Horizon Development Properties (HDP) operates as the nonprofit development arm of INLIVIAN, offering a portfolio of housing development products and services. The core offerings include The Gaston at North End, a completed 144-unit mixed-income housing project, and Trella Uptown, an upcoming 353-unit mixed-use development. The company specializes in multi-family housing, senior living, and public-private partnerships that serve diverse income levels from 30% to 80% of Area Median Income (AMI).

Differentiator

Problem solved

Functional benefit

Products and services

• The Gaston at North End A $34 million mixed-income housing development with 144 residential units (178,000 square feet, four stories) in Charlotte, NC, serving residents at 30%–80% of Area Median Income. Units feature nine-foot ceilings, Energy Star appliances, luxury vinyl plank flooring, and balconies or patios; community amenities include a leasing office, community room, fitness center, computer room, and outdoor playground.
• Trella Uptown A 353-unit mixed-use, mixed-income development (5-story wood frame with 2-story podium) in Charlotte, NC, with 106 affordable units (30%–80% AMI) integrated alongside 247 market-rate units. Amenities include a pool, clubhouse, cybercafé, courtyard, playground, dog park, podcast studio, and fitness center, to be managed by Greystar and targeted for completion in Q1 2026 as the first development of its kind in North Carolina.
• Complete Portfolio A diverse portfolio of HDP-owned properties across Charlotte, NC, encompassing multi-family housing, senior living facilities, and public-private partnership developments for mixed-income residents.
• Development Services End-to-end affordable housing development services from HDP covering new construction and revitalization of multi-family, senior living, and public-private partnership housing in Charlotte, NC.

Quantifiable outcome

• The Gaston at North End placed in service October 31, 2023 - replacing 36 units across 10 buildings with 144 modern units

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• INLIVIANcoreStrategic or Co-development PartnerINLIVIAN is the parent nonprofit organization of Horizon Development Properties. HDP operates as the dedicated development arm of INLIVIAN, specializing in developing, acquiring, and managing high-quality housing projects in Charlotte.
• GreystarcoreChannel Partner/ Reseller/ DistributorGreystar is the designated property management company overseeing Trella Uptown, one of HDP's flagship mixed-income developments with 353 units. Greystar manages all residential operations including both affordable and market-rate units.
• North End Community CoalitionminorStrategic or Co-development PartnerCommunity coalition serving the North End area of Charlotte. HDP's The Gaston at North End honors community leader Darryl Gaston, who was a prominent figure in the coalition, contributing to both local church and wider Charlotte community initiatives.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BRIDGE Housing: Nonprofit developer of mixed-income rental housing, primarily in California. Operates a comparable LIHTC-financed, mixed-income rental model and works closely with municipalities — directly analogous to HDP's Charlotte-focused PPP approach.
• Mercy Housing: National nonprofit affordable and mixed-income housing developer/owner with a similar LIHTC-driven PPP model serving low- and moderate-income households. Closely comparable mission, capital stack, and resident segment to HDP, but at a much larger national scale.
• WinnCompanies: Large developer and operator of mixed-income and affordable rental housing using LIHTC and public financing. Strongly comparable product type and resident segment to HDP, but for-profit and at substantially greater scale and geographic reach.
• National Church Residences: Nonprofit developer and operator of affordable housing, including senior living, using LIHTC and public financing. Comparable nonprofit structure, PPP model, and overlap with HDP's senior-living segment.
• The NRP Group: For-profit multifamily developer with significant affordable and mixed-income product using LIHTC. Comparable development pipeline and resident segment to HDP, with broader geographic footprint and greater scale.
• NHT Communities: Nonprofit developer of mixed-income, mixed-finance rental housing using LIHTC and public-private partnerships. Closely aligned mission and capital stack to HDP, primarily active in the Mid-Atlantic and Southeast.
• Enterprise Community Partners: National nonprofit developer and LIHTC investor producing affordable and mixed-income rental housing. Comparable mission and capital-stack access, with deeper program scope (development, lending, policy advocacy).

Broad incumbents

• The Related Companies: Broad real estate developer with a sizable affordable and mixed-income housing division financed via LIHTC and municipal partnerships. Comparable affordable product line, but part of a much larger mixed-income/market-rate portfolio.
• INLIVIAN (Charlotte Housing Authority): Parent nonprofit housing authority of HDP and the Charlotte region. Acts simultaneously as parent and institutional peer — operates affordable housing programs, deploys public financing, and works the same PPP channels HDP accesses.

Others

• Greystar Real Estate Partners: Largest U.S. multifamily property manager and a current HDP partner on Trella Uptown. Not a direct competitor on development, but a relevant comparable for operational scale and the institutional partner class that HDP must engage with to manage larger mixed-income assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/horizon-development-properties

Revenue estimate

Valuation estimate

Number of profiles

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 Horizon Development Properties