Larc Community Development

What Larc Community Development does

Larc Community Development Group is a privately held, founder-owned affordable housing developer and asset manager headquartered in Southfield, Michigan. Founded in 1991 by Laurence S. Tisdale (formerly operating as LarC Properties, Inc.), the company develops, preserves, and manages multifamily affordable rental housing for low-income individuals and families. Its current portfolio spans 29 properties with approximately 3,800 affordable apartments across Michigan, Georgia, and South Carolina, with cumulative development or preservation activity of more than 6,000 units since inception.

The business operates as a vertically integrated housing developer, executing the full lifecycle from site sourcing and acquisition through financing structuring, construction/rehabilitation oversight, and long-term asset and property management. Larc's competitive position rests on deep expertise in complex affordable housing finance — Low-Income Housing Tax Credits (LIHTC), tax-exempt bonds, HOME loans, FNMA financing, HUD financing (including 236 Mortgage Decoupling), and state-administered programs through MSHDA — supported by an established network of 19+ financial and institutional partners spanning federal agencies, regional and national banks, LIHTC syndicators, municipal partners (including the City of Detroit), and commercial real estate services firms.

The revenue model is rental income from affordable units (priced based on income qualification and government program requirements), augmented by developer, syndication, and asset management fees generated on each new project origination. Pricing is not publicly disclosed and is quote-based, anchored to program-specific rent and income limits. Distribution is direct-to-tenant through in-house property management, with no third-party channel intermediaries or disclosed digital/tech-enabled GTM motions. Ownership is concentrated entirely with the founder, who serves as President, sole shareholder, and Associate Real Estate Broker; there is no institutional equity, public listing, or parent entity.

Name

Larc Community Development

Legal name

Larc Community Development Group

Website

https://larcgrp.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Larc Community Development Group is a privately held, founder-owned affordable housing developer founded in 1991, developing and managing approximately 3,800 multifamily rental units across 29 properties in Michigan, Georgia, and South Carolina for low-income residents.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Lessors of Residential Buildings and Dwellings (53111)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

akta.pro secondary industry

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Multifamily housing management
• Low-income housing tax credits
• Housing preservation services
• Property asset management

Headquarters

HQ city

Southfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Others

Distribution channels1 record

Core offering

Larc Community Development Group develops, preserves, and manages affordable multifamily rental housing for low-income residents. The company operates a vertically integrated housing business encompassing new construction/rehabilitation of affordable properties, ongoing portfolio and asset management of 29 properties (approximately 3,800 apartments), and housing revitalization services that assemble complex financing stacks using tax credits, tax-exempt bonds, HOME loans, FNMA, and HUD financing.

Product overview

Larc Community Development Group is a single-service affordable housing development company, not a multi-product software platform. The company offers a unified service offering centered on the development, preservation, and management of affordable housing properties. Their core business encompasses three interconnected service areas: (1) Affordable Housing Development — creating new affordable housing units throughout Michigan and expanding into Georgia and South Carolina; (2) Affordable Housing Portfolio Management — overseeing 29 properties with approximately 3,800 affordable apartments; and (3) Housing Revitalization Services — revitalizing existing housing projects through creative financing using various funding programs including tax credits, conventional financing, and government affordable housing programs. The company operates as a vertically integrated housing developer managing the entire lifecycle from acquisition through ongoing asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development Development and preservation of affordable housing units throughout Michigan, including single-family and multifamily properties for low-income residents.
• Affordable Housing Portfolio Management Ongoing management and asset management of a portfolio of 29 properties comprising approximately 3,800 affordable apartments across Michigan, Georgia, and South Carolina.
• Housing Revitalization Services Revitalization of housing projects through creative financing resources, leveraging relationships with affordable housing lenders and investors throughout the United States.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Enterprise Community Partners: National nonprofit developer, investor, and policy organization in affordable housing, with ~80,000 units developed or preserved. Comparable for its multi-state LIHTC development, syndication through Enterprise Community Investment, and integrated development-and-management approach.
• WinnCompanies: Major developer and manager of affordable, mixed-income, and market-rate multifamily housing with ~100,000 units across 23 states. Comparable in operating scale and the integrated development-plus-management model Larc runs across 29 properties.
• The Related Companies: One of the largest U.S. developers of affordable and mixed-income multifamily housing. Directly comparable because Larc's founder Laurence Tisdale previously served as VP at Related Companies, and both firms develop, own, and manage large affordable housing portfolios using LIHTC, tax-exempt bonds, and HUD financing.

Direct peers

• Beacon Communities: Boston-based affordable housing developer and owner-operator with a portfolio of ~10,000 units across multiple states. Comparable as a privately held, vertically integrated affordable housing company that develops, finances, and manages LIHTC-funded properties.
• The NHP Foundation: National nonprofit that develops, owns, and operates affordable multifamily housing with thousands of units across the U.S. Comparable as a mission-aligned affordable housing owner/operator using LIHTC and HUD programs, similar in mission and operating model to Larc.
• BRIDGE Housing: Nonprofit affordable housing developer and owner with a portfolio of ~30,000 units primarily in California and the Pacific Northwest. Comparable as a mission-driven affordable housing developer using LIHTC and public financing to develop and preserve rental housing for low-income residents.
• NRP Group: National affordable housing developer and property manager operating ~30,000 multifamily units across multiple states. Directly comparable as a vertically integrated LIHTC developer with a similar product offering to Larc — new construction, preservation, and asset management of affordable rental housing.
• Preservation of Affordable Housing (POAH): National nonprofit focused on acquiring and preserving at-risk affordable housing, operating ~12,000 units across 11 states. Highly comparable to Larc's preservation-focused service line and its use of resyndications and LIHTC recapitalizations.
• McKinley Inc. Michigan-based multifamily owner, manager, and developer with a large affordable housing portfolio across multiple states. Closely comparable in geography (Michigan-based, similar markets to Larc) and in offering affordable multifamily development and asset management services; Larc's VP Asset Management previously held multiple roles at McKinley.

Others

• Cinnaire: Community development financial institution (CDFI) and LIHTC syndicator that finances affordable housing developments across multiple states. Comparable not as a direct competitor but as a capital partner of Larc; relevant peer because Cinnaire's investment strategy, deal flow, and underwriting criteria are directly tied to Larc-style developers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/larc-community-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Larc Community Development