South Boston Neighborhood Development Corporation

What South Boston Neighborhood Development Corporation does

South Boston Neighborhood Development Corporation (SBNDC) is a 501(c)(3) nonprofit and Massachusetts state-certified Community Development Corporation founded in 1983 (originally as South Boston Community Housing, Inc., renamed in 1998) to preserve and develop affordable housing in South Boston, Massachusetts. Its core service is the development, acquisition, and management of affordable rental housing for low- and moderate-income residents, with a current portfolio of 171 apartments across 16 buildings serving 215+ tenants, including 79 seniors and 30 veterans, and a cumulative 300+ homes developed since inception. Specialized properties include Patriot Homes for Veterans (24 units, 6 for formerly homeless veterans), O'Connor Way Senior Homes (46 units), West Fourth Street Senior Homes (18 units), and 206 West Broadway workforce housing (16 units).

The organization supplements its housing mission with economic development and quality-of-life programming. It provides fiscal management and staffing for the South Boston Chamber of Commerce, runs the annual South Boston Street Fest (25 years, 100+ vendors, 10,000+ attendees), Spring/Christmas Strolls, and Trick or Treat on Broadway, and operates the South Boston Farmers Market (Mondays June–November, ~300 visitors per market with SNAP/EBT and HIP acceptance), Southie Trees (75+ trees planted), Community Gardens, and Climate Action Partners. It also owns three below-market commercial storefronts supporting small businesses.

SBNDC's revenue model is a hybrid of (1) below-market rental income from residential and commercial properties, (2) tax-deductible donations from individuals, monthly donors, and corporate sponsors, (3) institutional grants and predevelopment financing from banks (Cambridge Savings Bank, Needham Bank, First Citizens Bank), government agencies (City of Boston, Massport, Boston Planning Department), and foundations, and (4) the Massachusetts Community Investment Tax Credit (50% state tax credit on donations of $1,000+). Pricing is set by income eligibility for tenants. The pipeline includes McDevitt Senior Homes (35 units, groundbreaking mid-2026, completion late 2027) and a first-place FHLBank Boston student competition win (The Mosaic, $10,000 prize) for the historic South Boston High School adaptive-reuse concept. Technology consists of a website (sbndc.org) for waiting lists, donations, and event information, plus a standard property management system; no proprietary software or AI capabilities are disclosed.

Name

South Boston Neighborhood Development Corporation

Legal name

South Boston Neighborhood Development Corporation

Website

https://sbndc.org

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Short description

South Boston Neighborhood Development Corporation is a 501(c)(3) community development corporation that develops and manages 171+ affordable apartments for low-income residents, seniors, and veterans in South Boston, MA, while running small-business support, a farmers market, and community programs.

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development

NAICS

Lessors of Residential Buildings and Dwellings (531110), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Continuing Care Retirement Communities (623311)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Affordable housing development
• Community development services
• Neighborhood revitalization
• Small business support
• Senior and veteran housing

Headquarters

HQ city

South Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Donations and Grants: Tax-deductible donations from individuals, monthly donors, and corporate sponsors. Grants from financial partners including banks (Cambridge Savings Bank, Needham Bank, First Citizens Bank), government agencies, and foundations for affordable housing development and community programs.
2. Rental Income: Revenue from 171 affordable apartments and 3 commercial retail spaces rented below market rate to small businesses including bagel shops, plant shops, and cafes.
3. Community Investment Tax Credit Program: Massachusetts state tax credit program where donations of $1,000 or more are eligible for 50% state tax credit, effectively doubling the impact of donations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

South Boston NDC develops, owns, and manages affordable rental housing for low- and moderate-income residents, seniors, veterans, and working families in South Boston, currently operating 171 apartments across 16 buildings and 3 below-market commercial storefronts. The organization supplements its housing portfolio with community quality-of-life programs (South Boston Farmers Market, Southie Trees & Community Gardens, Climate Action Partners) and economic development services delivered through its partnership with the South Boston Chamber of Commerce.

Product overview

South Boston NDC operates as a community development organization offering a portfolio of affordable housing developments and community programs. Core housing products include senior housing (O'Connor Way, West Fourth Street, McDevitt Senior Homes), veteran housing (Patriot Homes), and workforce housing (206 West Broadway). Economic development services include business support through the Chamber of Commerce and commercial spaces rented below market rate. Quality of life programs include the South Boston Farmers Market, Southie Trees & Community Gardens, and Climate Action Partners. The organization does not offer a technology platform or software product.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Portfolio Development, acquisition, and management of affordable rental housing units including senior housing, veteran housing, and workforce housing across 16 buildings serving over 215 tenants in South Boston.
• O'Connor Way Senior Homes 46 affordable one-bedroom apartments for income-eligible seniors aged 62 and older, including a community room, laundry facilities, and on-site resident manager.
• Patriot Homes for Veterans 24 affordable homes for veterans comprising 12 studios, 2 one-bedroom, and 10 two-bedroom apartments, with 6 units reserved for formerly homeless veterans receiving wrap-around services.
• West Fourth Street Senior Homes 18 one-bedroom apartments for seniors aged 55 and older in the St. Vincent's Lower End neighborhood, with partnership access to a part-time senior services coordinator on-site twice a week.
• 206 West Broadway Workforce Housing
• Taylor's Market Mixed-Use Development Renovated historic site with 7 affordable apartments and commercial spaces, home to Sweet Tooth Bakery and Micro Plant Studio.
• Below-Market Commercial Spaces Three below-market rental storefronts supporting small businesses including Brick Street Bagels, Micro Plant Studio, and Olgaskafe.
• Economic Development Services
• South Boston Farmers Market
• Southie Trees & Community Gardens
• Climate Action Partners
• Housing Counseling Services
• McDevitt Senior Homes

Quantifiable outcome

• 300+ affordable homes developed and preserved since 1983
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• Archdiocese of BostonminorStrategic or Co-development Partner · 1 September 2025Former owner of Sister Mary Veronica Park. Collaborated on permanent preservation of the park through City acquisition using Open Space Acquisition Fund and Community Preservation Act.
• Wave CollectiveminorGTM or Marketing Partner · 1 May 2025Boutique PR and marketing agency providing pro bono services for South Boston StoopFest. Located at King Terminal in South Boston since 2022.
• South Boston Chamber of CommercecoreStrategic or Co-development PartnerSouth Boston NDC provides fiscal management, staffing, and administrative support to the Chamber. Assists in management of Chamber's programs including Street Fest and Christmas and Spring Strolls. Chamber members are eligible to participate in business promotion events and networking.
• Boston Planning DepartmentminorStrategic or Co-development PartnerProvided amazing support for small businesses through grants that strengthened business promotion efforts.
• South Boston Association of Non-ProfitscoreStrategic or Co-development PartnerSouth Boston NDC is working with several local nonprofits through this association to achieve specific climate action commitments.
• Caritas CommunitiescoreStrategic or Co-development PartnerCo-developer with South Boston NDC for O'Connor Way Senior Homes. Caritas Communities is designated as co-developer for the 46-unit affordable senior housing project.
• South Boston Neighborhood HousecoreStrategic or Co-development PartnerPartnership provides West Fourth Street residents access to a part-time senior services coordinator who is on-site twice a week to ensure residents receive services and benefits.
• Paraclete FoundationminorOthersNonprofit that sold its building to South Boston NDC. Board member Christine McConville was previously on Paraclete Foundation board.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Beacon Communities: Boston-headquartered affordable housing developer and manager with a portfolio of rental and mixed-use properties. Directly comparable as a Boston-based affordable housing operator serving similar low/moderate-income populations.
• Madison Park Development Corporation: Boston-based CDC focused on affordable housing, economic development, and resident services in Roxbury. Closely comparable as a neighborhood-rooted 501(c)(3) CDC combining housing development with community programming.
• Preservation of Affordable Housing (POAH): National nonprofit that preserves and operates affordable rental housing, including senior and family communities. Comparable in mission, structure, and resident service model to SBNDC's portfolio.
• Harborlight Community Partners: Massachusetts-based CDC operating affordable rental housing and homeownership programs across the North Shore. Comparable as a regional nonprofit affordable housing developer/owner-operator serving lower-income residents.
• Caritas Communities: Massachusetts nonprofit providing affordable housing and supportive services; notably already a co-development partner with SBNDC on O'Connor Way Senior Homes. Strongly comparable in resident profile and operating model.
• The Community Builders: Large nonprofit developer and operator of affordable housing across multiple states, with a strong Boston/Massachusetts presence. Comparable as a nonprofit affordable housing developer/owner providing supportive services to residents.

Broad incumbents

• Boston Housing Authority: The largest public housing authority in Boston, managing tens of thousands of public housing and voucher units. Overlaps with SBNDC's affordable housing mission at much greater scale and through government program administration.
• WinnCompanies: Large Boston-based private developer and manager of affordable, workforce, and market-rate multifamily housing. Adjacent incumbent operating affordable housing at scale, including supportive housing for veterans and seniors.

Others

• LISC Boston: Local office of a national community development financial institution (CDFI) that funds and capacity-builds CDCs in Greater Boston. Relevant ecosystem participant as a likely funding/financing partner for SBNDC and its peers.

Emerging players

• Pine Street Inn: Boston nonprofit providing shelter, housing, and supportive services primarily for individuals experiencing homelessness. Comparable in mission overlap (affordable housing + supportive services for vulnerable populations) but specialized on the homelessness end of the spectrum.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SouthieFarmersMkt
• Instagraminstagram.com/sbfarmersmarket

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 South Boston Neighborhood Development Corporation