Corporación De Desarrollo Habitacional

What Corporación De Desarrollo Habitacional does

Corporación De Desarrollo Habitacional (CODEH) is a Chilean housing development corporation founded in 2000 and legally constituted on December 24, 2001. It develops, sells, and administers affordable residential housing across four administrative regions — Valparaíso, Metropolitana, O'Higgins, and Biobío — through five regional offices (Viña del Mar x2, La Calera, Santiago, Chillán). Over 26+ years, CODEH has delivered more than 100 projects serving over 26,000 families, building a long-tenured track record in subsidized and mid-priced housing for working- and middle-class Chilean households.

Its product portfolio comprises approximately 29 named condominium and housing developments priced from UF 1,400 to UF 3,000+, encompassing single-family houses, townhouses, and apartment buildings, alongside commercial lots ("locales comerciales"). CODEH also operates post-sale administration, warranty management, and a used-housing intermediation ("usados") service. Three MINVU accreditations — Entidad Patrocinante, First Category Consultant, and Agente Habitacional — authorize the corporation to develop subsidized housing projects and channel public housing subsidies (UF 250 to UF 725 per family) to qualified buyers.

CODEH generates revenue through three streams: (1) direct sales of new housing units to families, (2) management of MINVU housing subsidies, and (3) mortgage brokerage commissions originating through partnerships with Banco Estado and Scotiabank established in 2017. Commercial real-estate activities are conducted through CODEH SpA, a 2012 spin-off entity that segregates for-profit development from the parent corporation. The underlying technology is conventional real-estate development; no proprietary digital platform or AI capabilities are disclosed in available information.

Name

Corporación De Desarrollo Habitacional

Legal name

CODEH Desarrollo Habitacional SPA

Website

https://codeh.cl

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Corporación De Desarrollo Habitacional (CODEH) is a Chilean housing developer operating since 2000 across Valparaíso, Metropolitana, O'Higgins, and Biobío regions. It builds, sells, and administers subsidized and mid-priced residential projects (UF 1,400–3,000+) for working- and middle-class Chilean families, holding MINVU accreditations as Entidad Patrocinante.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Mortgage Bankers & Loan Correspondents (6162), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Spec/Tract Builder Construction Financing (FSALAHAC)

Keywords

• Subsidized housing development
• Residential real estate
• Housing subsidy management
• Affordable condominiums
• Social housing development

Headquarters

HQ city

Viña Del Mar

HQ country

Chile

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Housing Development and Sales: CODEH develops new housing projects (condominios) and sells units directly to buyers. Revenue is generated through one-time property sales at prices ranging from UF 1,400 to UF 3,000+. The company acts as both developer and seller, managing the entire process from project development to final sale.
2. Subsidy Management Services: As an authorized Entidad Patrocinante with MINVU, CODEH manages government housing subsidy applications for buyers. This service is bundled with property sales, facilitating automatic subsidies of up to UF 500 (DS19) for eligible buyers.
3. Mortgage Brokerage Services: CODEH acts as an Agente Habitacional, facilitating mortgage credit operations through partnerships with Banco Estado and Banco Scotiabank since 2017. Commission-based revenue from coordinating complementary housing credit.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CODEH develops and sells new residential housing projects (condominiums and houses) in central Chile, targeting families eligible for government housing subsidies under the DS1, DS19, DS49, and DS116 programs. As an authorized Entidad Patrocinante with MINVU and first-category consultant, the company manages subsidy applications end-to-end, conducts financial pre-evaluation, and acts as an Agente Habitacional brokering mortgage credit through partnerships with Banco Estado and Banco Scotiabank.

Product overview

CODEH – Desarrollo Habitacional SPA is a Chilean real estate development company that offers a portfolio of housing projects across multiple regions. The company operates as a single-product real estate developer focused on social and mid-income housing, with projects under Chilean government subsidy programs including D.S.19 (Integration Social), D.S.49 (Fondo Solidario), and D.S.01. The portfolio includes approximately 29 named condominium and housing developments offering apartments (departamentos) and houses (casas) in various sizes from 1 to 4 bedrooms, with features such as common areas, green spaces, and solar lighting. The company also sells commercial spaces and provides services for used housing transactions through subsidies.

Differentiator

Problem solved

Functional benefit

Products and services

• Condominio Vicente Huidobro

Quantifiable outcome

• More than 26,000 families have obtained their own home through CODEH
• +1 more outcomes

Segments4 records

Ideal customer profiles4 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.

• Banco EstadocoreGTM or Marketing Partner · 1 January 2017Partnership agreement for housing credit operations as an authorized Agente Habitacional. Banco Estado provides mortgage financing complementary to government subsidies for CODEH housing buyers.
• Banco ScotiabankcoreGTM or Marketing Partner · 1 January 2017Partnership agreement for housing credit operations as an authorized Agente Habitacional. Scotiabank provides mortgage financing complementary to government subsidies for CODEH housing buyers.
• Ministerio de Vivienda y Urbanismo (MINVU)coreStrategic or Co-development Partner · 24 December 2001CODEH holds formal partnership as Entidad Patrocinante with MINVU, enabling the company to develop and offer housing projects under government subsidy programs including DS49 (Fondo Solidario de Elección de Vivienda) for vulnerable populations and DS19 for middle-class integration. CODEH also holds first-category consultant registration allowing it to act as Technical Assistance for subsidy beneficiaries.
• Corporate Employers (Empresas Privadas e Instituciones Públicas)minorStrategic or Co-development PartnerCODEH provides social housing support to companies and public institutions through their human resources, social assistance, or welfare departments. The company helps employees access optimal housing alternatives through subsidy programs.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Paz Corp: Chilean real estate developer (Inmobiliaria Paz) operating in the affordable and middle-class housing segment, with comparable use of government subsidies and a regional footprint overlapping CODEH's core Valparaíso market.
• Constructora Las Américas: Chilean homebuilder serving emerging-middle and middle-class segments with DS19-subsidized condominium projects. Closely comparable to CODEH in unit format (apartments/condos), price band, and customer profile.
• Domus (Chile): Chilean housing developer with apartments and houses in DS19-eligible price bands, operating in similar regions to CODEH. Closely comparable business model centered on subsidized condominium sales.
• Socovesa: One of Chile's largest housing developers with a similar for-sale residential model, including subsidized segments (DS19). Competes directly with CODEH in middle-class integrated housing, though at much larger national scale.
• Inmobiliaria Imagina: Chilean mid-market housing developer focused on DS19-subsidized integrated housing projects, with comparable price points (UF 1,400-3,000) and customer targeting that overlaps CODEH's emerging-middle segment.
• Aconcagua: Chilean housing developer focused on integrated and social housing under DS19/DS49 programs, with national reach. Directly comparable to CODEH in business model, customer segment, and subsidy-program reliance.

Emerging players

• Constructora Pocuro: Chilean residential developer active in the subsidized and emerging-middle housing market. Smaller scale than CODEH but competing in the same price band and customer segments in central Chile.

Broad incumbents

• SalfaCorp: Diversified Chilean construction and real estate conglomerate with housing development (Inmobiliaria Monte Aconcagua) as one segment. Operates at much larger scale and serves similar subsidized/middle-class buyers, but housing is one of several business lines.
• Besalco: Large Chilean construction and real estate group with residential development exposure. Comparable in serving Chilean housing demand but broader in scope and not focused exclusively on the DS-subsidy segment.
• Echeverría Izquierdo: Chilean engineering, construction, and real estate developer with housing projects. Overlaps with CODEH in residential construction but with a much broader portfolio including commercial and industrial.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Codeh2016
• Facebookfacebook.com/Comites-De-Vivienda-Codeh-100063938594241
• LinkedInlinkedin.com/company/corp-de-desarrollo-habitacional

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Corporación De Desarrollo Habitacional