What Domus Development - LLC does

Newport Partners is a privately held, vertically-integrated owner, developer, and operator of affordable multifamily housing headquartered in Irvine, California, with the firmographic entity (Domus Development - LLC) referenced in Sacramento, CA as a 17-employee operation founded in 2003. The company was established in 1998 as a low-income housing tax credit (LIHTC) equity syndicator and has since expanded through affiliated companies into development, construction, and property management of affordable multifamily communities across the United States.

The core "technology" is operational rather than digital: a project delivery platform that combines LIHTC equity syndication with in-house development, construction, and property management functions. To date, Newport has placed over $1.2 billion in low-income housing tax credit equity, closed more than 200 projects, and developed or managed approximately 16,000 residential units. Notable projects include La Valentina (81-unit mixed-use in Sacramento), Temple Art Lofts (29 affordable live/work units for artists in Vallejo), Siena Court (111 senior units in Pittsburg), Lincoln Court (82 senior units in Oakland), and Garvey Court (68 senior units in El Monte). Leadership consists of President & Founder Jong C. Limb and Senior Vice President Michael Limb, with the team reported to have over 30 years of combined affordable housing industry experience.

The revenue model is transaction- and project-based. Newport earns syndication fees on placing LIHTC equity on behalf of investors into affordable housing projects, supplemented by developer fees, construction margins, and ongoing property management revenue generated through its affiliated companies. Pricing is not publicly disclosed and varies by transaction size and complexity. The go-to-market is relationship-driven: projects are originated through direct outreach to government housing agencies, municipal partners, and community development organizations rather than through traditional sales channels, with the company website serving as a portfolio showcase and industry news channel.

Name

Domus Development - LLC

Legal name

Newport Partners

Website

https://domusd.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Newport Partners is a privately held, vertically-integrated owner, developer, and operator of affordable multifamily housing, originating as a LIHTC equity syndicator in 1998 and now providing development, construction, and property management services to communities and government housing partners across the United States.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Land Subdivision (23721), Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Master-Planned Community & POA Management (BPAJAHAD)

Keywords

• Affordable housing development
• Low-income housing tax credits
• Multifamily property management
• Tax credit syndication
• Construction management

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Tax Credit Equity Syndication: Newport Partners originated as a tax credit syndicator, placing low-income housing tax credit equity on behalf of investors into affordable housing development projects. This generates syndication fees and ongoing management revenue through affiliated companies engaged in development, construction, and property management.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Domus Development - LLC is the Sacramento, CA development entity of Newport Partners, a vertically-integrated owner, developer, and operator of affordable multifamily housing. It develops LIHTC-financed rental housing projects (such as La Valentina in Sacramento) and is supported by affiliated construction, property management, and asset management business lines that deliver the full project lifecycle. The group has placed more than $1.2 billion in tax credit equity across 200+ projects and roughly 16,000 units since 1998.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development Vertically-integrated development of LIHTC-financed affordable multifamily rental housing projects, including entities such as Domus Development - LLC that originate specific projects (e.g., La Valentina in Sacramento, CA). Delivered for public-sector housing finance agencies, LIHTC investors, and local communities.
• Construction Services Affiliated construction business line providing general contracting and construction management for affordable multifamily housing projects developed within the Newport Partners / Domus Development platform, supporting both own developments and third-party projects.
• Property Management Affiliated property management business line operating the affordable multifamily housing portfolio, including LIHTC-compliant communities developed by Domus Development - LLC and other entities within the Newport Partners group.
• Asset Management Asset management services for affordable multifamily housing assets, overseeing financial performance, regulatory compliance, and investor reporting across the LIHTC-financed portfolio.
• Low-Income Housing Tax Credit (LIHTC) Syndication Federal and state Low-Income Housing Tax Credit syndication services, originating investor capital for affordable multifamily housing projects and supporting LIHTC equity placement for developments across the portfolio.

Quantifiable outcome

• $1.2 billion in low-income housing tax credit equity placed
• +1 more outcomes

Named customers6 records

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 moves3 records

Expansion highlights2 records

Broad incumbents

• The Related Companies: Major national developer with significant affordable housing (Related Affordable) and LIHTC syndication activity. Comparable vertically-integrated affordable housing platform but with broader market-rate and mixed-income exposure.
• LISC (Local Initiatives Support Corporation): National CDFI financing affordable housing and community development, including LIHTC equity placement. Comparable as a long-standing affordable housing capital provider, though with a broader community development mandate.
• Mercy Housing: Large national nonprofit developer, owner, and manager of affordable multifamily housing. Comparable full-lifecycle platform and LIHTC-driven financing model, at meaningfully greater scale.
• Enterprise Community Partners: One of the largest US affordable housing developers and LIHTC syndicators. Directly comparable as a vertically-integrated owner, developer, and syndicator of affordable multifamily housing, though at materially greater scale and geographic breadth than Newport.

Direct peers

• BRIDGE Housing Corporation: California-focused nonprofit affordable housing developer, owner, and operator. Highly comparable given overlapping California geographic footprint and similar multifamily affordable housing mission.
• Affordable Housing Partners (AHP): Syndicates LIHTC equity and provides asset management for affordable housing developers. Comparable tax credit syndication platform with overlapping investor base.
• National Equity Fund (NEF): Major LIHTC syndicator placing low-income housing tax credit equity on behalf of corporate investors. Directly comparable to Newport's tax credit syndication business line and investor base.
• Dominium: Affordable housing developer, owner, and manager with a strong LIHTC pipeline. Comparable vertically-integrated operating model focused on affordable multifamily communities.
• The NRP Group: Vertically-integrated developer, builder, and manager of affordable and market-rate multifamily housing. Closely matches Newport's full-lifecycle affordable housing model and use of LIHTC financing.
• CAHEC (Capital Area Housing & Economics Council): Regional LIHTC syndicator placing tax credit equity for affordable housing developers. Directly comparable syndication function though with a different regional footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/domus-development---llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Domus Development - LLC