Reba Place Development

What Reba Place Development does

Reba Place Development Corporation (RPDC) is a non-profit community development corporation founded in 1995 and headquartered at 737 Reba Place, Suite B, Evanston, Illinois. Its mission is to develop, own, and manage affordable housing for low- and moderate-income residents of Evanston threatened by rising property values and displacement. RPDC owns and operates three properties totaling 63 units: the House of Peace Limited Equity Cooperative (12 units, acquired 1995, established as a resident-owned co-op by 1999), the Seward Apartments (25 fully rented units, acquired 2002 for $975,000), and the Mulford Commons Condominiums (12 affordable condominium units, acquired 2005 with $600,000 in HOME Program funding from the City of Evanston). The organization also runs rental application processing and housing-search assistance, referring applicants to partner assistance agencies including Connections for the Homeless, YWCA Evanston/North Shore, Jewish Child & Family Services, and Catholic Charities.

RPDC's business model is fundamentally that of a non-profit affordable housing operator. Recurring revenue comes from monthly rental assessments at House of Peace (approximately $975/month for two-bedroom units) and Seward Apartments; a one-time revenue stream was realized via the subsidized sale of Mulford Commons condominiums at $80,000 to $140,000 per unit. Capital for development is assembled from a mix of city, state, and federal public funding (City of Evanston HOME Program, FHLB, IHDA), Mayor's Fund loans, private grants, and individual donations processed through a Squarespace-powered website with one-time, weekly, and monthly giving tiers. The organization employs 5 staff (Executive Director Martha Burns, Administrative Coordinator, Accountant, Building & Grounds, Electrician/General Contractor) and is governed by a board of directors including a clinical social worker, a retired affordable-housing real estate finance professional, a pharmacist-turned business developer, and an attorney specializing in municipal law.

RPDC's go-to-market is a community-led engagement model differentiated from for-profit developers by explicit non-displacement commitments (e.g., the Seward acquisition was specifically structured to keep existing tenants), resident participation in cooperative governance, and integration with faith-based community networks originating from the Reba Place Fellowship and Church. Operating geography is restricted to Evanston, Illinois; there is no disclosed technology platform, software product, or AI capability, and no evidence of M&A activity, restructuring, or private capital investment.

Name

Reba Place Development

Legal name

Reba Place Development Corporation

Website

https://rebaplacedevelopmentcorp.org

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Reba Place Development Corporation is a non-profit affordable housing developer and operator in Evanston, Illinois, owning and managing 63 rental, cooperative, and condominium units for low- and moderate-income residents, funded by public grants and private donations.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Services to Buildings and Dwellings (5617)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Rental property management
• Cooperative housing
• Nonprofit community development
• Subsidized housing sales

Headquarters

HQ city

Evanston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Rental Income: Monthly rental income from affordable housing units at Seward Apartments and other properties. Two-bedroom units at House of Peace Co-op assessed at $975/month.
2. Condominium Sales: Sale of affordable condominiums at Mulford Commons with subsidized prices ranging from $80,000 to $140,000 per unit.
3. Donations and Grants: Individual donations from supporters and grants from city, state, and federal programs including HOME Program funds, FHLB, and IHDA for development projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Reba Place Development Corporation (RPDC) is a non-profit affordable housing developer that owns, develops, and manages rental and homeownership housing in Evanston, Illinois. It currently operates three properties—House of Peace Co-op (12 cooperative units), Seward Apartments (25 units), and Mulford Commons (12 condominiums)—for a total of 63 affordable units serving low- and moderate-income residents. It also provides rental application support and referrals to housing assistance partners such as Connections for the Homeless and YWCA Evanston/North Shore.

Product overview

Reba Place Development Corporation (RPDC) is a nonprofit affordable housing development organization founded in 1995, operating as a portfolio of distinct housing properties rather than a software product platform. The organization manages three primary affordable housing developments: the House of Peace Limited Equity Cooperative (12 units, a resident-owned co-op model), Seward Apartments (25 units of 100% affordable rental housing), and Mulford Commons Condominiums (12 units offered as affordable homeownership). Beyond property management, RPDC provides housing services including rental assistance referrals, community development programs, and youth employment through renovation initiatives. All properties are located in Evanston, Illinois, with a total of 63 affordable units developed to date.

Differentiator

Problem solved

Functional benefit

Products and services

• House of Peace Limited Equity Cooperative

Quantifiable outcome

• 63 units of affordable housing developed
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Evanston Lighthouse Rotary ClubcoreStrategic or Co-development PartnerLocal service organization partnering on community development initiatives. RPDC has presented to this organization on affordable housing topics.
• Joining Forces (JFAH)coreStrategic or Co-development PartnerHousing assistance organization working on similar affordable housing goals in the area.
• Connections for the HomelesscoreStrategic or Co-development PartnerHomelessness prevention and rental assistance organization. Referrals to RPDC housing programs.
• Housing Action IllinoiscoreStrategic or Co-development PartnerStatewide coalition working to expand and preserve affordable housing in Illinois.
• Open CommunitiescoreStrategic or Co-development PartnerFair housing organization advocating for equitable housing access in the Chicago area.
• CPA HousingminorStrategic or Co-development PartnerHousing organization with shared mission of affordable housing development.
• CAFHAminorStrategic or Co-development PartnerAffordable housing association supporting housing development initiatives.
• HODC (Housing Opportunity Development Corporation)minorStrategic or Co-development PartnerProperty development organization with affordable housing projects in Evanston.
• Chicago Mutual Housing NetworkcoreImplementation/ SI/ Consulting PartnerTrained House of Peace residents in cooperative management. Each resident paid $2,500 for one of 12 shares in the limited-equity co-op.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Mercy Housing: Broad incumbent — large national nonprofit affordable housing developer/owner/manager. Comparable mission and core operating model (acquire, develop, manage affordable rental housing) but at significantly greater scale across multiple states.
• Enterprise Community Partners: Broad incumbent — national nonprofit affordable housing developer and CDFI. Operates in the same affordable housing development space as RPDC, with comparable reliance on layered public/private capital, but at vastly greater scale and geographic reach.
• The NHP Foundation: Broad incumbent — nonprofit affordable housing owner/developer serving similar resident populations (low- and moderate-income families) with comparable mission, but operates multifamily portfolios across multiple U.S. markets.

Direct peers

• Housing Action Illinois: Direct peer — statewide coalition working to expand and preserve affordable housing in Illinois. Functions as a peer advocacy and policy intermediary supporting RPDC's broader operating environment.
• Chicago Mutual Housing Network: Direct peer — co-op developer and trainer that trained House of Peace residents. Operates resident-owned limited-equity co-op model that is functionally identical to RPDC's flagship approach.
• CPA Housing: Direct peer — community-centered affordable housing organization serving the Chicago region with overlapping mission and resident-engagement philosophy.
• Open Communities: Direct peer — fair housing organization operating in the Chicago/North Shore area. Listed as a core RPDC partner; comparable nonprofit advocacy and equitable housing access focus.
• Connections for the Homeless: Direct peer — Evanston-area homelessness prevention and housing organization that refers clients into RPDC properties. Comparable mission, overlapping service geography, and similar referral-based intake model.
• Joining Forces for Affordable Housing (JFAH): Direct peer — Evanston-area nonprofit focused on affordable housing creation and preservation. Listed as a core RPDC partner with shared mission and overlapping service geography.
• Housing Opportunity Development Corporation (HODC): Direct peer — Evanston-based affordable housing developer cited as a strategic partner. Both organizations develop and preserve affordable housing in the same Evanston submarket with overlapping funding sources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Reba-Place-Development-Corporation-100069660908324
• LinkedInlinkedin.com/company/reba-place-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Reba Place Development