The Housing Foundation Inc.

What The Housing Foundation Inc. does

The Housing Foundation, Inc. (HFI) is a Vermont 501(c)(3) non-profit corporation founded in July 1986 to develop, own, and manage affordable rental housing for low-income families, elderly individuals, and persons with disabilities throughout Vermont. HFI operates a portfolio of 30+ mobile home parks and multi-family properties (estimated 500+ units/lots) under three product lines: family housing (1- to 4-bedroom configurations), elderly housing (1- and 2-bedroom units with accessibility features), and mobile home parks. The organization accomplishes development through a memorandum of understanding with the Vermont State Housing Authority (VSHA), which provides staff expertise, grant writing, grant management, and financial services under that arrangement.

HFI's core operational technology centers on high-performance building standards, emphasizing energy efficiency, sound construction, and resident accessibility in both new development and acquisitions/rehabilitation of aging housing stock. The organization has active energy retrofit programs through Efficiency Vermont, Vermont Housing & Conservation Board (VHCB), local weatherization agencies, and MacArthur Foundation grant funding administered through VHFA, targeting weatherization, heating system upgrades, and insulation improvements on properties described as 'energy hogs.' Property management is outsourced to three external agents (EP Management Corporation, Downstreet Housing and Community Development, and VSHA), enabling HFI's 8-person staff to operate a statewide portfolio.

HFI's revenue model is multi-layered rather than commercial-rent-driven: rental income from owned/managed properties is supplemented by federal and state grants and subsidies, tax-exempt financing, tax credits (including LIHTC-style structures), development fees from acquisition/construction/rehabilitation activity, and charitable contributions. Pricing on the rental side is not publicly disclosed because rates are set by tenant income qualification and property-level subsidy layering. The organization operates exclusively within Vermont under significant regulatory and political-capital advantages derived from 501(c)(3) tax-exempt status and a board of directors that includes the State Commissioner of Housing & Community Development, the Executive Director of VSHA, and senior local housing authority leadership.

Name

The Housing Foundation Inc.

Legal name

The Housing Foundation, Inc.

Website

https://hfivt.org

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

The Housing Foundation, Inc. is a Vermont 501(c)(3) non-profit that develops, owns, and manages affordable rental housing, mobile home parks, and elderly housing across Vermont for low-income families, seniors, and persons with disabilities.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), Residential Building Construction (2361)

SIC

Operators Of Apartment Buildings (6513), Real Estate (6500)

akta.pro primary industry

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

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Affordable housing development
• Multi-family rental housing
• Mobile home parks
• Elderly housing services
• Housing rehabilitation

Headquarters

HQ city

Montpelier

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel

Revenue model

1. Rental Income: Revenue from operating owned housing properties including multi-family apartments and mobile home parks. HFI owns or serves as managing general partner for a portfolio of properties.
2. Government Grants and Subsidies: Multi-layered financing packages including federal and state resources for capital improvements, sewage systems, water supplies, electrical systems, and energy efficiency measures.
3. Development Fees: Fees generated from development activities including acquisition, construction, and rehabilitation of housing properties.
4. Tax Credits and Charitable Contributions: Tax-exempt financing, tax credits, and charitable contributions as part of the multi-layered financing approach for housing development.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

The Housing Foundation, Inc. is a Vermont 501(c)(3) non-profit that owns, develops, rehabilitates, and manages affordable rental housing across the state. Its portfolio comprises multi-family properties for low-income families, specialized housing for elderly persons and persons with disabilities, and mobile home parks, with development services delivered through a memorandum of understanding with the Vermont State Housing Authority.

Product overview

The Housing Foundation, Inc. (HFI) operates as a unified affordable housing platform managing three distinct property portfolios: Family Housing (multi-family residential properties for families), Elderly Housing (specialized housing for seniors and persons with disabilities), and Mobile Home Parks (owned or co-owned manufactured home communities). The organization accomplishes its mission through property development, acquisition, rehabilitation, and management, with development services provided through a partnership with the Vermont State Housing Authority. HFI's housing portfolio spans border to border in Vermont, with properties managed by third-party management agents including EP Management Corporation, Downstreet Housing and Community Development, and Vermont State Housing Authority.

Differentiator

Problem solved

Functional benefit

Products and services

• Family Housing Portfolio Multi-family residential properties providing affordable rental housing for low-income families, with unit configurations ranging from 1-bedroom to 4-bedroom (e.g., Bridge & Main offers 17 one-bedroom units in White River Junction, Windsor County, VT).
• Elderly Housing Portfolio Specialized rental housing properties for elderly residents and persons with disabilities, typically offering 1-bedroom and 2-bedroom units with accessibility features; managed at properties such as Hillcrest Views (St. Albans), Middlebury Commons (Middlebury), and Northwoods (White River Junction).
• Mobile Home Park Portfolio Owned and co-owned mobile home parks throughout Vermont providing affordable housing lots for manufactured homes; portfolio preserved and improved by HFI in partnership with management companies and resident-perspective board representation.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Vermont State Housing Authority (VSHA)coreStrategic or Co-development PartnerThrough a memorandum of understanding, VSHA provides development services to HFI including staff expertise in public and private land planning, development, environmental laws and permitting. VSHA staff perform financial, grant writing, and grant management services for funding programs.
• EP Management CorporationminorImplementation/ SI/ Consulting PartnerManages Abenaki Acres and River Bend Apartments for HFI. Located at 142 Merchants Row, Rutland, VT 05701.
• Downstreet Housing and Community DevelopmentminorImplementation/ SI/ Consulting PartnerManages Morse Block Apartments for HFI. Located at 22 Keith Avenue, Suite 100, Barre, VT 05641.
• Vermont Housing & Conservation Board (VHCB)coreStrategic or Co-development PartnerPartner on energy efficiency projects and administers American Recovery & Reinvestment Act funding for capital improvements at HFI properties.
• Efficiency VermontcoreStrategic or Co-development PartnerPartner on energy efficiency retrofits at HFI properties deemed 'energy hogs'. Provides weatherization services and administers MacArthur Foundation grant for energy improvements.
• The Enterprise FoundationminorStrategic or Co-development PartnerNational housing partner providing support and resources for affordable housing development.
• Women Helping Battered WomenminorStrategic or Co-development PartnerVermont housing partner organization in the network of housing providers.
• Local Weatherization AgenciesminorStrategic or Co-development PartnerPartner with HFI on pursuing extensive energy efficiency measures at properties, including insulation, heating systems, and weatherization retrofits.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Cathedral Square Corporation: Vermont nonprofit focused on affordable housing and supportive services for seniors and persons with disabilities. Closely mirrors HFI's elderly housing portfolio and special-populations mission, with overlapping financing structures (LIHTC, federal/state grants).
• Champlain Housing Trust: Largest nonprofit affordable housing provider in Vermont, operating shared-equity and rental programs across multiple counties. Directly comparable to HFI as a statewide Vermont nonprofit affordable housing owner-operator serving low-income families and special populations.
• Windham & Windsor Housing Trust: Southern Vermont nonprofit affordable housing organization operating multifamily rentals and supportive housing. Similar mission, financing model (LIHTC/grants), and tenant profile as HFI.
• Brattleboro Housing Authority: Local public housing authority serving southeastern Vermont. Provides affordable rental housing to low-income and elderly tenants — overlapping resident base and operating model with HFI's portfolio.
• Downstreet Housing and Community Development: Central Vermont nonprofit affordable housing developer/manager and HFI's actual property management partner. Directly comparable in mission (low-income rental housing) and geography (Washington/Orange counties).
• RuralEdge (formerly Island Housing Trust): Northern Vermont nonprofit affordable housing developer serving Lamoille and Franklin counties. Comparable portfolio mix (multifamily rentals) and reliance on federal/state financing mechanisms.
• Lamoille Housing Partnership: Vermont-based nonprofit affordable housing provider in the Lamoille region. Comparable scale and operating model as HFI, with overlapping financing sources and tenant services.
• Montpelier Housing Authority: Local housing authority serving central Vermont and overlapping directly with HFI's headquarters geography. Operates comparable affordable rental units for low-income families, elderly, and disabled populations.

Broad incumbents

• Mercy Housing: One of the largest US nonprofit affordable housing developers, operating in multiple states. Relevant peer for organizational structure and financing model (LIHTC, tax-exempt bonds, federal grants), though it operates at much greater scale than HFI.

Others

• Vermont State Housing Authority (VSHA): Statewide public housing finance agency and HFI's formal development services partner. Comparable in mission (affordable housing) and Vermont footprint, but is a governmental entity rather than a nonprofit developer — making it more partner than competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/housing-foundation-inc.-the

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 The Housing Foundation Inc.