Sol Housing
Sol Housing is a 501(c)(3) nonprofit founded in 1993 that develops LEED-certified affordable rental housing communities in Albuquerque, New Mexico for low-to-moderate income households, seniors, veterans, and the Deaf and Hard of Hearing community, operating approximately 10 properties across multiple income tiers.
- Company typePrivate
- Founded1993
- HeadquartersAlbuquerque, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Sol Housing does
Sol Housing is a 501(c)(3) nonprofit organization founded in 1993 in Albuquerque, New Mexico (originally as Greater Albuquerque Housing Partnership, rebranded to Sol Housing in February 2024) that develops, owns, and operates multi-family affordable rental housing communities. Designated as a Community Housing Development Organization (CHDO), the organization has built a portfolio of approximately 10 named communities serving households earning 30% to 80% of Area Median Income, with specialized housing for seniors (55+), veterans, and the Deaf, DeafBlind, and Hard of Hearing community. Notable properties include PAH! Hiland Plaza (92 units, first Deaf-preference housing in Albuquerque with co-located Deaf Culture Center), Farolito Senior Community (82 units, opening March 2026), and Somos Apartments (70 mixed-income units under construction in the International District).
Sol Housing's technical capabilities center on sustainable, accessible construction: seven properties have achieved LEED for Homes Platinum certification, newest communities are ENERGY STAR certified, and all units incorporate Universal Design principles enabling aging-in-place. The organization's signature innovation is PAH! Hiland Plaza's specialized design for Deaf residents including visual alert systems, videophone entry, and ASL-fluent staff. The organization also launched the Affordable Mobility Platform (AMP), an EV carsharing program with Forth, City of Albuquerque, and PNM, marking entry into transportation services. Revenue mechanics rely on a capital stack structure typical of affordable housing development: Low-Income Housing Tax Credit equity awarded through Housing New Mexico (approximately $14.2M over 10 years for a single project), government grants and subsidies (HOME, CDBG, ARPA), construction and permanent loans from financial institutions, and ongoing monthly rental income from residents. Distribution occurs through direct property leasing, housing authority partnerships (including 23 project-based vouchers), community organization referrals, and acceptance of Section 8 vouchers.
The organization's go-to-market is community-led, leveraging deep partnerships with housing authorities, healthcare providers, schools, and social service organizations to identify eligible residents. Beyond housing, Sol Housing provides resident enrichment services including food pantry, tutoring, fitness, health and wellness programming, and financial literacy education, plus the Tessah Latson Memorial Scholarship for residents pursuing post-secondary education. The organization is governed by a volunteer board of directors and operates with a small core staff (1-10 employees per firmographics) supplemented by contracted property management and construction partners.
Sol Housing firmographics
Firmographics- Name
- Sol Housing
- Legal name
- Sol Housing
- Website
- https://solhousing.org
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sol Housing is a 501(c)(3) nonprofit founded in 1993 that develops LEED-certified affordable rental housing communities in Albuquerque, New Mexico for low-to-moderate income households, seniors, veterans, and the Deaf and Hard of Hearing community, operating approximately 10 properties across multiple income tiers.
- Ownership category
- akta.pro rank
Sol Housing industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Other Community Housing Services (624229), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)
- 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 industries
- Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)
Keywords
Where Sol Housing is headquartered
LocationHeadquarters
- HQ city
- Albuquerque
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sol Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others
Revenue model
- Low-Income Housing Tax Credit (LIHTC) Equity: Sol Housing leverages federal Low-Income Housing Tax Credits awarded through Housing New Mexico. The 9% LIHTC awards over a 10-year period generate substantial cash equity for developments - approximately $14.2 million for Farolito Senior Community.
- Government Grants and Subsidies: Funding from City of Albuquerque HOME and CDBG funds, ARPA funds, and other government programs support affordable housing development. Farolito received $4.6 million from City HOME/CDBG and $3 million in ARPA funds.
- Rental Income: Monthly rental payments from residents across all properties provide ongoing revenue. Properties serve residents earning 30%-80% of Area Median Income with rent-restricted units.
- Construction and Permanent Loans: Bank financing for development projects. Farolito received $13.6 million in construction loan funds from Bank of Albuquerque and $4.5 million permanent loan from Rocky Mountain CRC.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | 30% AMI units - Deeply affordable |
| Subscription | Monthly | 50% AMI units - Low income |
| Subscription | Monthly | 60% AMI units - Moderate income |
| Subscription | Monthly | 80% AMI units - Workforce housing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Sol Housing product offering
Product offeringCore offering
Sol Housing is a 501(c)(3) nonprofit organization that plans, designs, constructs, and manages multi-family affordable housing communities in Albuquerque, New Mexico. The organization develops and operates ten named properties with rent-restricted units serving households earning 30%-80% of Area Median Income, including specialized housing for seniors (55+), Deaf/DeafBlind/Hard of Hearing residents, and veterans. The organization also provides on-site resident enrichment services such as food pantry, tutoring, fitness, health/wellness programs, and financial literacy education.
Product overview
Sol Housing operates as a 501(c)(3) nonprofit affordable housing developer offering multi-family housing communities and resident enrichment services. The core portfolio consists of nine named housing communities (Plaza Feliz, Plaza Ciudana, Cuatro Senior, Casa Feliz, Sterling Downtown, Luminaria Senior, PAH! Hiland Plaza, Farolito Senior, and Somos Apartments) providing rent-restricted units for households earning 30%-80% of area median income. Supporting offerings include the Affordable Mobility Platform EV carsharing program and the Tessah Latson Memorial Scholarship for resident education advancement.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing Communities Multi-family housing communities providing affordable rental housing for low to moderate income individuals and families earning 30%-80% of Area Median Income. Properties include senior communities, mixed-income developments, and specialized housing for the Deaf and Hard of Hearing community.
- PAH! Hiland Plaza 92-unit affordable apartment community featuring specialized design for Deaf, DeafBlind, and Hard of Hearing residents including visual alert systems, videophone entry, and ASL-fluent staff. Located in Albuquerque with Universal Design features and 23 project-based rental assistance vouchers.
- Farolito Senior Community 82-unit accessible affordable apartment community for seniors aged 55 and older, featuring Universal Design elements, community amenities, and on-site resident services. Includes leasing preference for veterans.
- Somos Apartments Mixed-income housing development in Albuquerque's International District providing 59 income-restricted apartments and 11 market-rate units, with priority for residents aged 55 and older and Universal Design features.
- Affordable Mobility Platform (AMP) Community electric vehicle carsharing program providing affordable transportation to residents and community members. Includes two EVs and charging stations available for $5/hour or $50/day rental through the MDO Carshare mobile app.
- Tessah Latson Memorial Scholarship Financial assistance program for post-secondary education including community college, trade school, and licensures for teens, young adults, and non-traditional students living in Sol Housing communities.
Quantifiable outcome
- Residents experience improved health outcomes, children show better educational performance, families have greater economic security
- +1 more outcomes
Companies that use Sol Housing
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles3 records
Sol Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
Sol Housing partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered major, core and minor.
- Youth Development Inc. (YDI)majorPartners with Sol Housing's Farolito Senior Community for the YouthBuild program, a national pre-apprenticeship program funded by U.S. Department of Labor. YDI received $1.5 million to administer the program over 40 months, providing educational, occupational certification, and leadership development services for youth ages 16-24.
- ForthmajorPartner in Affordable Mobility Platform (AMP) - a community carsharing program providing electric vehicles to affordable housing locations. AMP launched at PAH! Hiland Plaza as the first EV carsharing program in the southwest region.
- Deaf Culture Center of New Mexico (DCCNM)coreLong-term partnership to design and develop PAH! Hiland Plaza, the first housing community in Albuquerque with a leasing preference for Deaf, DeafBlind, and Hard of Hearing residents. DCCNM has offices and event space on the ground floor of PAH! Hiland Plaza. The center had a long-time dream of co-located housing and community space staffed with Deaf and ASL-fluent management.
- Albuquerque Housing AuthoritymajorProvides 23 project-based rental assistance vouchers for PAH! Hiland Plaza residents, enabling deeply affordable housing options for qualifying residents.
- PNMminorUtility partner for the Affordable Mobility Platform (AMP) EV carsharing program at PAH! Hiland Plaza, supporting electric vehicle infrastructure.
- Jaynes CorporationmajorGeneral contractor for Farolito Senior Community development and PAH! Hiland Plaza. Also partners with YDI for YouthBuild program job training at construction sites.
- DekkermajorProject architect for Farolito Senior Community, responsible for architectural design of the 82-unit senior housing development.
- Hartman + Majewski Design GroupmajorProject architect for PAH! Hiland Plaza, responsible for designing the specialized features for Deaf and Hard of Hearing residents including visual alert systems and accessible communication infrastructure.
- Monarch PropertiesmajorThird-party property management company for PAH! Hiland Plaza, supporting the hiring process to ensure staff was brought on from the Deaf community.
- New Mexico State Land OfficecoreLeases state land to Sol Housing for Farolito Senior Community development. 94% of lease payment earnings go to support New Mexico public education system. Farolito lease will generate $1.9 million for public schools.
- Ripe Inc.minorBranding agency that helped Sol Housing (formerly GAHP) with the rebranding process, exploring organizational values and translating them into new name and logo.
- Associated Builders and Contractors of New Mexico (ABCNM)minorProvides construction training and certification using NCCER curriculum with blended live instruction and Transfr VR. Contributes to post-program placement into employment and apprenticeship opportunities.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Sol Housing competitors and assessment
Company assessmentBroad incumbents
- The Related Companies: Large national real estate developer with a sizable affordable housing arm (Related Affordable). Comparable as a major affordable housing developer using LIHTC and mixed-income models, though it operates at vastly greater scale and includes market-rate and luxury segments.
- Habitat for Humanity International: Largest nonprofit affordable housing organization globally, primarily focused on homeownership for low-income families. Broader and less specialized than Sol Housing, but comparable as a mission-driven affordable housing provider serving similar low-income demographics.
Direct peers
- Mercy Housing: National nonprofit affordable housing developer and operator serving low-income families, seniors, and people with special needs. Directly comparable as a mission-driven 501(c)(3) that develops, owns, and operates mixed-income affordable apartment communities with on-site resident services.
- MidPen Housing: Bay Area nonprofit affordable housing developer that builds and manages high-quality affordable apartment communities for low-income families, seniors, and special-needs populations. Comparable to Sol Housing as a mission-driven, service-enriched affordable housing operator.
- Linc Housing: Los Angeles-area nonprofit affordable housing developer focused on building service-enriched affordable apartments for families, seniors, veterans, and people with special needs. Comparable to Sol Housing in resident service integration and inclusive design for special populations such as veterans.
- BRIDGE Housing Corporation: California-based nonprofit affordable housing developer specializing in sustainable, mixed-income communities with resident services. Comparable to Sol Housing as a similarly sized nonprofit developer with LEED-oriented design, mixed-income units, and on-site resident programming.
- National Housing Trust: National nonprofit that develops and preserves affordable rental housing using LIHTC and energy-efficiency retrofits. Comparable to Sol Housing through its LEED-aligned energy efficiency focus and LIHTC-driven development model.
- Enterprise Community Partners: National nonprofit that develops and operates affordable housing and invests through LIHTC syndications. Comparable as a fellow nonprofit CHDO-equivalent developer using federal Low-Income Housing Tax Credits and public-private capital stacks to build sustainable affordable communities.
Emerging players
- Greater Minnesota Housing Fund: Regional nonprofit affordable housing finance and development intermediary. Comparable as a similar-sized mission-driven nonprofit using LIHTC, public funding, and community partnerships to expand affordable rental supply in an underserved region.
Others
- Housing Authority of the City of Albuquerque: Local public housing authority that issues project-based rental assistance vouchers used by Sol Housing residents. Comparable as a key counterparty and ecosystem partner in the Albuquerque affordable housing market rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Sol Housing social profiles
Digital presenceSol Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sol Housing leadership team
Management profileNumber of profiles
Profiles13 records
Sol Housing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sol Housing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sol Housing
What does Sol Housing do?
Sol Housing is a 501(c)(3) nonprofit organization that plans, designs, constructs, and manages multi-family affordable housing communities in Albuquerque, New Mexico. The organization develops and operates ten named properties with rent-restricted units serving households earning 30%-80% of Area Median Income, including specialized housing for seniors (55+), Deaf/DeafBlind/Hard of Hearing residents, and veterans. The organization also provides on-site resident enrichment services such as food pantry, tutoring, fitness, health/wellness programs, and financial literacy education.
Is Sol Housing a public or private company?
Sol Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Sol Housing founded?
Sol Housing was founded in 1993. It employs 1 to 10 people.
Where is Sol Housing based?
Sol Housing is headquartered in Albuquerque, United States, in the North America region.
How does Sol Housing make money?
Four revenue lines are on record. Low-Income Housing Tax Credit (LIHTC) Equity is the primary driver. The others are government Grants and Subsidies, rental Income and construction and Permanent Loans.
Who are Sol Housing's main competitors?
Broad incumbents on record are The Related Companies and Habitat for Humanity International. Direct peers are Mercy Housing, MidPen Housing, Linc Housing, BRIDGE Housing Corporation, National Housing Trust and Enterprise Community Partners. Greater Minnesota Housing Fund is listed as an emerging player. Housing Authority of the City of Albuquerque is listed as an others.
Does Sol Housing have an API?
No public API is recorded for Sol Housing.
What industry is Sol Housing in?
Sol Housing's product category is Affordable Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of HLADAAAB, Affordable/Subsidized Independent Living (HUD/LIHTC) Communities. Its NAICS code is 624229 and its SIC code is 6513.