Onda Housing Group

What Onda Housing Group does

Onda Housing Group is a privately held affordable housing developer and operator headquartered in Naples, Florida, with a secondary office in Las Vegas, Nevada. The company acquires land and develops multi-family rental housing communities priced for residents earning various Area Median Income (AMI) levels, targeting working families, individuals, and seniors across the United States. Its business model is built on structuring complex capital stacks that blend government tax credits and tax-exempt bonds (via the Florida Housing Finance Corporation), federal disaster-recovery grants such as Lee County CDBG-DR funding, and private debt from institutional partners including Citi Community Capital and RBC Community Investments.

The company's product portfolio is anchored by seven named communities totaling 1,914 units across Florida: Bayshore Pines (180 units, North Fort Myers), Wave at Colonial (358 units, Fort Myers), Wave at Rose (230 units, Immokalee), Wave at Chana (378 units, Holiday), Wave at Flora (300 units, West Palm Beach), Wave at Potomac (200 units, Naples), and Wave at Richards (687 units, Naples). The flagship Bayshore Pines project carries a project cost of approximately $70 million, with 100% affordability covenanted for 99 years, and begins pre-leasing in spring 2026. Subsequent communities are under construction or scheduled to break ground between 2026 and 2027. Revenue is generated through recurring rental income from affordable housing units, with rents typically structured at 30% of resident income under AMI-based pricing.

The organization operates with a lean team of nine employees and pursues distribution through direct pre-leasing of units to qualifying residents, supported by a corporate website (ondagrp.com) as its primary marketing channel. Strategic positioning emphasizes long-term affordability commitments, community-centered design, and socioeconomic mobility for working Americans. No proprietary technology platform, software product, or AI/ML capability is disclosed; competitive differentiation rests on regulatory access (LIHTC allocations, CDBG-DR grants), capital structuring expertise, and long-dated affordability covenants rather than technology assets.

Name

Onda Housing Group

Legal name

Onda Housing Group

Website

https://ondagrp.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Onda Housing Group is a privately held Naples, Florida-based affordable housing developer building a 1,914-unit, seven-community Florida rental portfolio for working families and seniors, funded through tax credits, government grants, and private capital partnerships.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Other Community Housing Services (624229)

SIC

Real Estate Agents & Managers (For Others) (6531), Finance Lessors (6172), Federal & Federally-Sponsored Credit Agencies (6111)

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), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)

Keywords

• Affordable housing development
• Multifamily housing communities
• Residential real estate
• Community development
• Housing development financing

Headquarters

HQ city

Naples

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Rental Income from Affordable Housing: Revenue is generated through rental income from affordable housing units. Units are priced for residents earning various AMI levels, with long-term affordability commitments (e.g., 99 years for Bayshore Pines). Funding comes from tax credits, government grants, and private capital investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Onda Housing Group develops, owns, and operates affordable multifamily housing communities across Florida, with a portfolio of 1,914 units in various stages of development. The company leverages government tax credits, CDBG-DR disaster recovery funds, tax-exempt bonds, and private capital to deliver 100% affordable rental housing with long-term affordability commitments of up to 99 years, targeting working families, individuals, and seniors.

Product overview

Onda Housing Group offers a portfolio of affordable housing communities across Florida. The core offering consists of multiple named housing developments (Bayshore Pines, Wave at Colonial, Wave at Rose, Wave at Chana, Wave at Flora, Wave at Potomac, Wave at Richards) providing best-in-class, affordable housing options with a community-centered approach. These communities are developed through partnerships with government housing finance agencies and private investors, utilizing tax credits and CDBG-DR funding to deliver 100% affordable housing with 99-year affordability guarantees.

Differentiator

Problem solved

Functional benefit

Products and services

• Bayshore Pines An 180-unit affordable housing community in North Fort Myers, Florida providing family units with 100% affordability for 99 years, funded through Florida Housing Finance Corporation tax credits, Lee County CDBG-DR, Citi Community Capital, and RBC Community Investments. Targeted at working families in Lee County.
• Wave at Colonial
• Wave at Rose
• Wave at Chana
• Wave at Flora
• Wave at Potomac
• Wave at Richards

Quantifiable outcome

• 100% Affordable for 99 years at Bayshore Pines

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 indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Related Companies: Large diversified real estate developer with a sizable affordable housing segment; not a pure-play, but overlaps with Onda in tax-credit-financed multifamily development.
• Hunt Companies: Diversified national real estate developer with a large affordable and multifamily housing arm; broader capital base but overlapping LIHTC development and asset management activities.

Direct peers

• Royal American Companies: Florida-based developer of affordable and workforce housing communities leveraging LIHTC and local government funding; closest geographic peer to Onda in Florida.
• McCormack Baron Salazar: National affordable and mixed-income housing developer with strong LIHTC and public-finance capabilities; competes in the same tax-credit-financed rental housing market.
• Pennrose: Vertically integrated affordable and mixed-income multifamily developer-manager with a multi-state footprint; competes for the same LIHTC allocations and tax-exempt bond capacity as Onda.
• The Michaels Organization: Largest U.S. affordable and workforce housing developer and manager, operating LIHTC-financed multifamily communities nationwide with a similar development-plus-operations model to Onda. Closest analog in scale and mission.
• Atlantic Pacific Companies: Florida-based (Miami) affordable and multifamily housing developer with a comparable statewide Florida pipeline and similar use of LIHTC, bonds and local government funding.
• Brinshore Development: Mission-driven LIHTC and affordable housing developer building mixed-income and affordable rental communities nationwide; comparable operating profile and financing strategy.
• The NRP Group: National LIHTC-focused multifamily developer and operator building affordable, workforce and market-rate rental housing across multiple states; comparable development pipeline and partnership-driven financing model.
• Dominium: Top-10 U.S. affordable housing developer-operator focused on LIHTC-financed apartment communities across multiple states; directly comparable development, lease-up and asset management profile.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks2 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/onda-housing-group

Revenue estimate

Valuation estimate

Number of profiles

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 Onda Housing Group