What Saigebrook Development | O-SDA Industries does

Saigebrook Development, LLC (founded 1996) and O-SDA Industries, LLC (founded 2011) are two affiliated, privately held Texas LLCs operating jointly under the Affordable Housing Texas brand from Austin. The firms specialize in developing affordable rental housing communities for low-to-moderate income families and seniors across Texas, with O-SDA focused on 9% Housing Tax Credit (LIHTC) applications and Saigebrook providing development consulting. Combined, they have developed and constructed more than 6,800 rental homes across the southeastern United States and have been part of over 25 successful 9% Housing Tax Credit applications since 2011, creating more than $1 billion of affordable housing assets over Lisa Stephens's career.

The business model is sales-led and project-based: each development is financed primarily through 9% LIHTC allocations, with additional layered financing for historic preservation (Across, LLC partnership) and HUD programs. Revenue is generated through developer fees, construction, and ongoing rental income across both affordable and market rate units within mixed-income communities. Both entities hold City of Austin MBE/WBE and Texas HUB certifications, providing preferential access to public-sector affordable housing contracts. The core team includes Owner/President Lisa Stephens (20+ years, LEED Green Associate, HUD and NGBS advisory roles) and Owner/President Megan Lasch (12+ years, Austin Under 40 finalist), supported by a lean staff of approximately 7 employees plus strategic partners for tax credit consulting, asset management, architecture, and resident services.

The firms serve low-to-moderate income families, seniors, and workforce renters across Texas (Dallas/Fort Worth, Central Texas, East Texas, San Antonio, West Texas), with a current portfolio spanning senior living communities, family affordable housing, and market rate rental units. Distribution occurs through direct onsite leasing at each property, while go-to-market relies on direct engagement with city governments, neighborhood associations, and community stakeholders during development planning. Differentiators include a deep LIHTC track record, certified WBE/MBE/HUB status, an embedded community engagement model with public art integration, and an ecosystem of recurring strategic partners that lowers project execution risk on each new development.

Name

Saigebrook Development | O-SDA Industries

Legal name

O-SDA Industries, LLC

Website

https://affordablehousingtexas.com

Company type

Private

Founded year

2011

Operating status

Operating

Short description

Saigebrook Development and O-SDA Industries are Austin-based, WBE/MBE/HUB-certified Texas LLCs that develop affordable rental housing for families and seniors using 9% Housing Tax Credits, with a portfolio of 42 developments and 6,800+ homes constructed across Texas.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111)

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Multifamily Apartment Property Management (BPAJAFAA), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

Keywords

• Affordable housing development
• Low income housing tax credits
• Multifamily residential development
• Senior living communities
• Workforce housing development

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Affordable Housing Development: Developing and constructing affordable rental housing communities. Revenue generated through rental income from affordable housing units, with financing supported by 9% Housing Tax Credits. Also develops market rate communities for workforce housing.
2. Real Estate Development Consulting: Saigebrook Development provides development consulting services as a WBE- and HUB-certified firm.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Saigebrook Development and O-SDA Industries develop affordable, mixed-income, senior, and market-rate multifamily rental housing communities across Texas. The companies specialize in securing 9% Housing Tax Credit (LIHTC) allocations, with a track record of 25+ successful LIHTC applications and the development of more than 6,800 rental homes representing over $1 billion in affordable housing assets.

Product overview

Saigebrook Development and O-SDA Industries offer a portfolio of affordable housing communities and market rate housing developments across Texas. Their product portfolio includes senior living communities, family affordable housing developments, and market rate rental communities. The company has developed and constructed more than 6,800 rental homes across the southeastern United States. Key current portfolio properties include Waverly North, McAdams Haven, Envoy64 (senior living), Stella Haven, Ovetta Rosedale, Delara Chase, Maren Grove, Georgian Oaks, The Roz, The Rhett, and various 'Now Leasing' properties such as Lapiz Flats, Jaipur Lofts, Cady Lofts, Kiva East, Saison North, and June West. Previous projects include LaMadrid Apartments, Stillhouse Flats, Saige Meadows, Art at Bratton's Edge, Barron's Branch, La Ventana, Liberty Pass, Summit Parque, and Amberwood Place. The company specializes in 9% Housing Tax Credit applications and provides community impact services including public art integration, resident support services, and neighborhood engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Cady Lofts Cady Lofts is a multifamily rental housing community in the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• Lapiz Flats Lapiz Flats is a multifamily rental housing community within the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• Jaipur Lofts Jaipur Lofts is a multifamily rental housing community in the Affordable Housing Texas portfolio offering affordable rental homes to individuals and families.
• Waverly North Waverly North is one of the rental housing communities developed and operated by Saigebrook Development and O-SDA Industries under the Affordable Housing Texas portfolio. It serves individual renters and families in Texas seeking affordable housing options.
• McAdams Haven McAdams Haven is a multifamily rental housing community in the Affordable Housing Texas portfolio, providing affordable rental homes to individuals and families.
• Envoy64 Envoy64 is a multifamily rental community within the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries, offering affordable rental homes.
• Stella Haven Stella Haven is a multifamily rental housing community in the Affordable Housing Texas portfolio serving individual renters and families.
• Ovetta Rosedale Ovetta Rosedale is a multifamily rental housing community in the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• Delara Chase Delara Chase is a multifamily rental housing community in the Affordable Housing Texas portfolio offering affordable rental homes to individuals and families.
• Maren Grove Maren Grove is a multifamily rental housing community within the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• Georgian Oaks Georgian Oaks is a multifamily rental housing community in the Affordable Housing Texas portfolio offering affordable rental homes to individuals and families.
• The Roz The Roz is a multifamily rental housing community in the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• The Rhett The Rhett is a multifamily rental housing community in the Affordable Housing Texas portfolio offering affordable rental homes.
• Kiva East Kiva East is a multifamily rental housing community within the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• Saison North Saison North is a multifamily rental housing community in the Affordable Housing Texas portfolio offering affordable rental homes.
• June West June West is a multifamily rental housing community in the Affordable Housing Texas portfolio developed by Saigebrook Development and O-SDA Industries.
• Real Estate Development Consulting Advisory and consulting services related to affordable housing development, 9% Housing Tax Credit (LIHTC) applications, and community engagement, offered by Saigebrook Development and O-SDA Industries.

Quantifiable outcome

• Developed over 6,800 rental homes for families and seniors
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and strategic.

• SGI Ventures, Inc.coreStrategic or Co-development PartnerSGI Ventures is a developer and tax credit and private activity bond consultant active in affordable housing since 1996. Sally Gaskin, President, is a founding board member and former Board President of the Texas Affiliation of Affordable Housing Providers (TAAHP). Has development experience in more than 960 affordable family and senior units including 100 units of Permanent Supportive Housing serving formerly homeless residents.
• Housing Support Services AlliancecoreStrategic or Co-development PartnerA nonprofit organization providing enhanced on-site supportive services to Texas' affordable multifamily properties and works one-on-one with residents to prevent evictions. Services go beyond LURA requirements.
• Sown ManagementcoreImplementation/ SI/ Consulting PartnerCameron Dorsey is President of Sown Management, LLC, an affordable housing and asset management consulting firm. Has over 20 years of experience including 10 years with Texas Department of Housing and Community Affairs (TDHCA) as Chief of Staff, Deputy Executive Director, and Manager of Real Estate Analysis.
• 3 Bar ArchitecturestrategicTechnology or IntegrationPaul Miller is founder & principal of Three Bar Architecture, Inc. Brings many years of experience in a variety of building types with wide range of scale to identify critical aspects for successful project development.
• Across, LLCstrategicStrategic or Co-development PartnerFounded by Alice Cruz in 2019, Across, LLC is a Texas Certified Historically Underutilized Business focused on affordable housing developments. Specializes in challenging financing and design features including HUD 221(d)4 loans and historic adaptive re-use with housing and historic tax credits.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• LDG Development: Mid-sized affordable and mixed-income LIHTC developer with a multi-state footprint; directly comparable to Saigebrook/O-SDA in product type (LIHTC family and senior developments), development-only fee model, and reliance on state QAP allocation processes.
• The NRP Group: Privately held affordable, mixed-income, and market-rate developer with national LIHTC portfolio; comparable to Saigebrook/O-SDA in its reliance on 9% LIHTC allocations and similar family/senior affordable product mix.
• Oden Hughes: Texas-based multifamily developer with affordable and workforce housing product; directly comparable given overlapping Texas geography and similar family/senior affordable rental development focus.
• McCormack Baron Salazar: Mission-driven affordable housing developer focused on LIHTC and mixed-income communities in underserved urban markets; comparable to Saigebrook/O-SDA in development structure, LIHTC financing reliance, and community-empowerment orientation.
• The Michaels Organization: Affordable and mixed-income housing developer and manager with deep LIHTC portfolio; comparable in product mix and end-to-end development/management approach, though at substantially larger scale.
• Atlantic | Pacific Companies: Affordable and workforce housing developer with LIHTC-financed multifamily portfolio; directly comparable in family/senior affordable rental product and reliance on 9% and 4% LIHTC allocation.
• L+M Development Partners: Affordable, mixed-income, and market-rate housing developer with LIHTC-heavy portfolio; comparable in mission-driven approach to community development and multifamily affordable product.

Regional players

• J. Greg Allen: Texas-based affordable housing developer with a portfolio of LIHTC family and senior communities; comparable at the regional level, though primarily serving different Texas sub-markets than Saigebrook/O-SDA.

Broad incumbents

• The Related Companies: Large diversified real estate platform with a significant affordable housing arm (Related Affordable); comparable as a LIHTC developer of family and senior rental housing, though operating at far greater scale and capital capacity.
• Enterprise Community Partners: National nonprofit affordable housing developer and financier with deep LIHTC expertise; comparable in mission and product focus, though primarily serves as a capital partner and programmatic intermediary rather than a fee-developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Saigebrook Development | O-SDA Industries