Homestead Affordable Housing

What Homestead Affordable Housing does

Homestead Affordable Housing is a Kansas-based nonprofit organization that develops and manages affordable rental housing communities for income-restricted seniors and assists low-income first-time home buyers. Founded circa 1998 and headquartered in Holton, the organization operates 13+ senior residences across rural Kansas communities including Atchison, Augusta, Bel Aire, Derby, Harper, Holton, Junction City, Haysville, Marion, Mulvane, Russell, Wamego, and Hoyt. Unit counts per property range from approximately 20 to 59, with age requirements of 55+ or 62+ depending on the property. The organization has assisted 896 homeowners across 78 Kansas counties and has historically rehabilitated historic structures, notably the Bartell Hotel in Junction City (2008), which earned the Kansas Preservation Alliance Excellence Medallion.

The core operating model rests on a partnership with USDA Rural Development, under which tenant rent and utility allowance is set at 30% of the household's adjusted income, providing subsidized housing to qualifying low-income seniors. Supplemental programs include a Single Family Homes program enabling income-eligible buyers to purchase homes through the USDA 502 Direct Loan Program (subsidized rates as low as 1%, 33-38 year terms), and a community enrichment program (Beef for Seniors). Newer developments such as the Mulvane property incorporate green design features including low-flow fixtures, Energy Star appliances, high-efficiency heat pumps, and MERV 8 air filters. There is no underlying technology platform; the organization manages applications and waitlists at the property level using direct phone and email contacts.

Revenue derives from tenant rent payments, USDA Rural Development subsidy support, single family home sales, and donations (accepted via PayPal). The go-to-market is direct-to-consumer through property-level outreach, the homesteadks.org website, and referrals through Kansas Housing Resources Corporation. The organization operates with a lean headcount of 11-50 employees and is governed as an independent nonprofit with no disclosed parent company, institutional investors, or board composition.

Name

Homestead Affordable Housing

Legal name

Homestead Affordable Housing

Website

https://homesteadks.org

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Homestead Affordable Housing is a Kansas-based nonprofit that develops and manages 13+ affordable rental housing communities for income-restricted seniors across rural Kansas and assists low-income first-time home buyers through the USDA 502 Direct Loan Program.

Ownership category

akta.pro rank

Product category

Affordable Senior Housing

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Building Construction (2361)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

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

Keywords

• Affordable senior housing
• Senior living communities
• Income-restricted rentals
• Homebuyer counseling
• USDA rural development loans

Headquarters

HQ city

Holton

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Tenant Rent Payments: Rent is the primary revenue stream. For USDA Rural Development properties, rent and utility allowance is set at 30% of the household's adjusted income, providing subsidized housing for income-restricted seniors.
2. USDA Rural Development Subsidies: Properties receive subsidy support through USDA Rural Development programs, enabling below-market rents for qualifying tenants.
3. Single Family Home Sales: Income-based rental homes are available for purchase once qualified. Provides path to homeownership for low-income buyers through the USDA 502 Direct Loan Program.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Homestead Affordable Housing is a nonprofit organization that develops and manages affordable rental housing communities for income-restricted seniors across 13+ properties in rural Kansas. The organization also operates a single-family home rental-to-purchase program and provides homeownership counseling and USDA Rural Development 502 Direct Loan application navigation for first-time, low-income home buyers. Annual rent for USDA-subsidized properties is set at 30% of household adjusted income.

Product overview

Homestead Affordable Housing operates as a single unified offering rather than a platform-plus-modules architecture. The organization provides a portfolio of affordable senior housing residences across Kansas communities, supplemented by homeownership assistance programs. The core portfolio includes 14 senior residence properties (Trinity Place Atchison, Brookside Cottages Augusta, Homestead Derby, Homestead Harper, Homestead Holton Place, Prairie View Holton, Homestead Hoyt, Bartell Place Junction City, Homestead Wamego, Homestead Bel Aire, Main Street Place Haysville, Homestead Marion, Homestead Mulvane, and Homestead Russell) offering one to two bedroom apartments with varying amenities and age requirements (55, 62, or disabled). Supporting programs include single family homes for purchase, the Beef for Seniors community enrichment initiative, and USDA Rural Development loan program assistance for first-home and low-income buyers.

Differentiator

Problem solved

Functional benefit

Products and services

• Portfolio of Affordable Senior Residences Develops and manages 13+ affordable rental housing communities for income-restricted seniors across Kansas, including Trinity Place Atchison, Brookside Augusta, Homestead Derby, Homestead Harper, Homestead Holton Place, Prairie View Holton, Homestead Hoyt, Bartell Place Junction City, Homestead Wamego, Homestead Bel Aire, Main Street Place Haysville, Homestead Marion, Homestead Mulvane, and Homestead Russell. Rent is set at 30% of household adjusted income for USDA-subsidized properties. Tenants are income-restricted seniors aged 55 or 62+, or disabled individuals regardless of age.
• Single Family Homes Program Income-based rental homes available for purchase once qualified. Provides a path to homeownership for low-income buyers in rural Kansas. Managed through the Single Family Homes Office in Holton, Kansas with office hours Monday, Wednesday, Friday 8-4:30.
• USDA Rural Development Loan Program Navigation Assistance with USDA 502 Direct Loan Application process for income-eligible applicants, offering loans with little or no down payment, 33 or 38-year financing terms, and subsidized interest rates as low as 1%. Also provides homeownership training and housing counseling for first-time and low-income home buyers.
• Beef for Seniors Community Enrichment Community enrichment initiative that delivers beef to seniors in rural Kansas communities.

Quantifiable outcome

• 896 homeowners assisted in 78 Kansas counties

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• USDA Rural DevelopmentcoreStrategic or Co-development PartnerUSDA Rural Development is a key program partner providing subsidy support for senior housing properties. The organization helps navigate USDA 502 Direct Loan Program for income-eligible home buyers, offering loans with little or no down payment and subsidized interest rates as low as 1% over 33-38 year financing terms.
• Kansas Housing Resources CorporationminorGTM or Marketing PartnerListed as a resource partner on the organization's FAQ page, directing renters to state housing resources.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• The NHP Foundation: Nonprofit that builds, preserves, and operates affordable and senior housing nationwide using LIHTC and public subsidies—overlapping with Homestead's federally subsidized senior rental model.
• Mercy Housing: National nonprofit that develops and manages affordable rental housing for low-income individuals and families, including seniors, using LIHTC and federal subsidy programs—directly comparable to Homestead's mission and operating model at a much larger scale.
• National Church Residences: Faith-based nonprofit that operates affordable senior housing communities across multiple states, combining HUD/USDA-subsidized rentals with supportive services—closely aligned with Homestead's senior-only, income-restricted rental platform.
• Beacon Communities: Mission-driven affordable housing developer and operator with a mix of new construction and preservation of rental communities for low-income residents—mirrors Homestead's developer/operator nonprofit profile.
• BRIDGE Housing: Nonprofit affordable housing developer and operator producing rental homes for low-income households across multiple states; comparable in mission, subsidy reliance, and operating footprint to Homestead's Kansas model.
• Volunteers of America: National nonprofit operating affordable and supportive housing, including senior properties, financed through federal subsidies and Low-Income Housing Tax Credits—comparable to Homestead's mix of subsidized senior housing and homebuyer services.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and operates affordable rental housing, including senior communities, often through acquisition and rehabilitation of existing assets—comparable to Homestead's historic-rehab expertise and USDA-subsidized portfolio strategy.

Others

• Kansas Housing Resources Corporation: State housing finance agency that administers LIHTC and federal affordable-housing programs in Kansas; not a competitor but a direct funding and referral partner for Homestead's senior and rental properties.

Broad incumbents

• Enterprise Community Partners: Large national nonprofit developer, investor, and policy advocate for affordable housing; while it operates rental communities like Homestead, its scale, policy role, and capital-markets activity make it a broader incumbent rather than a direct peer.

Emerging players

• Housing Assistance Council (HAC): HAC is a national nonprofit that focuses specifically on rural affordable housing through lending, technical assistance, and capacity-building for local providers—comparable to Homestead because both serve the rural affordable housing niche and engage USDA Rural Development programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/homestead-affordable-housing

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 Homestead Affordable Housing