Neighborhood Renaissance, Inc.
Neighborhood Renaissance is a West Palm Beach-based 501(c)(3) nonprofit affordable housing developer serving low-to-moderate-income households (<80% AMI) in Palm Beach County and Florida through rental, homeownership, and community revitalization programs.
- Company typePrivate
- Founded1992
- HeadquartersWest Palm Beach, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Neighborhood Renaissance, Inc. does
Neighborhood Renaissance, Inc. is a Florida-incorporated 501(c)(3) nonprofit affordable housing developer founded in 1992 and headquartered at 510 24th St., West Palm Beach. The organization develops, owns, and manages affordable rental and for-sale housing for households earning less than 50% to 80% of Area Median Income in Palm Beach County, with recent geographic expansion into Gadsden County (Quincy) and Daytona. Its housing portfolio includes scattered-site single-family rentals (54 units under the Working Your Way Home program), the 36-unit Mango Cove Apartments, the 43-unit Coleman Park Renaissance mixed-use development (which includes 4,000 sq. ft. of commercial space for minority-owned businesses), the 36-unit Cross Creek Gardens at Quincy, the 8-unit Art Lofts of West Village live-work artist development, and single-family infill and Community Land Trust homes across multiple Palm Beach County neighborhoods.
Revenue is generated through four streams: recurring rental income from owned and managed affordable units, one-time home sales to qualified first-time homebuyers (Community Land Trust, Model Block, infill), property management fees, and grant/donation funding from foundations and government entities. Cumulative community investment exceeds $81 million across 30+ years, with 353 homes built or sustainably rehabilitated and 225+ families assisted into first-time homeownership; current total assets are $19.9 million. The organization operates with a lean staff of approximately 5-10 and uses AppFolio as its property management platform.
The go-to-market is community-led and partnership-driven rather than commercial sales-led: residents enter the pipeline through local government referrals (City of West Palm Beach, Palm Beach County, West Palm Beach CRA, HUD, Florida Housing Finance Corp.), community organization referrals, financial literacy workshops, and resident-driven neighborhood planning processes. Key methodologies include the Community Land Trust (separating land and building ownership for permanent affordability), the first non-profit Lease-Purchase Program in South Florida (2008), the Model Block comprehensive neighborhood revitalization framework, and the Legacy Property Preservation Program for elderly homeowners facing code violations. Capital structure relies on stacked public-private funding including HOME funds, CDBG, SHIP, NSP2, LIHTC equity (Raymond James), foundation grants (Third Federal, Quantum, Lost Tree, Publix Charities, Community Foundation of Palm Beach and Martin Counties), and construction/permanent financing from Florida Community Loan Fund, TD Bank, M&T Bank, Chase, and Wells Fargo.
Neighborhood Renaissance, Inc. firmographics
Firmographics- Name
- Neighborhood Renaissance, Inc.
- Legal name
- Neighborhood Renaissance, Inc.
- Website
- https://neighborhoodrenaissance.org
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Neighborhood Renaissance is a West Palm Beach-based 501(c)(3) nonprofit affordable housing developer serving low-to-moderate-income households (<80% AMI) in Palm Beach County and Florida through rental, homeownership, and community revitalization programs.
- Ownership category
- akta.pro rank
Neighborhood Renaissance, Inc. industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Residential Building Construction (2361), Land Subdivision (2372), Residential Remodelers (236118)
- SIC
- Real Estate (6500), Land Subdividers & Developers (No Cemeteries) (6552), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Residential Affordable Housing Development & Construction (IMAFABAI), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Community Centers & Neighborhood Support Services (BPAGAEAL)
Keywords
Where Neighborhood Renaissance, Inc. is headquartered
LocationHeadquarters
- HQ city
- West Palm Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Neighborhood Renaissance, Inc. business model
Business model- GTM type
- B2C
- Offering type
- Services
Revenue model
- Rental Income: Revenue from 54+ scattered-site rental homes leased to families and individuals earning less than 50% of area median income. Also includes 36-unit Mango Cove apartment community and 43-unit Coleman Park Renaissance development.
- Home Sales: Revenue from sale of newly constructed or rehabilitated affordable single-family homes to first-time homebuyers. Includes Community Land Trust homes, Model Block homes, Art Lofts live-work units, and infill single-family homes.
- Grant Funding and Donations: Grants from foundations (Third Federal Foundation, Quantum Foundation, Lost Tree Foundation, Publix Charities, etc.) and government entities (Palm Beach County, Florida Housing Finance Corp.) for development projects and programs.
- Property Management Fees: Property management services for owned properties and potentially partner organizations. Services include tenant screening, lease processing, maintenance, and financial counseling.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Affordable Rental Units - Income-Based Pricing |
| One time/ perpetual license | Pay-as-you-go | Affordable Homeownership - Subsidized Sales |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Neighborhood Renaissance, Inc. product offering
Product offeringCore offering
Neighborhood Renaissance is a nonprofit affordable housing developer that builds, rehabilitates, and manages rental and for-sale housing for low- and moderate-income households in Palm Beach County and across Florida. The organization delivers affordable rental apartments, scattered-site single-family rentals, and subsidized homeownership opportunities, while also providing financial literacy training, homebuyer counseling, property management services, and the Legacy Property Preservation Program.
Product overview
Neighborhood Renaissance is a nonprofit affordable housing organization offering a portfolio of housing development programs and services. The core service offerings include Financial Literacy Training & Homebuyer Counseling, Property Management, Real Estate Development consulting, and the Legacy Property Preservation Program. Their housing development portfolio encompasses multiple distinct programs: Coleman Park Renaissance (mixed-use affordable apartments with commercial space), Cross Creek Gardens at Quincy (rural Florida affordable rental community), Art Lofts of West Village (live-work artist housing), Mango Cove Apartments (workforce rental housing), Working Your Way Home (scattered-site rental program), Community Land Trust (permanently affordable homeownership), Lincoln Road Model Block (comprehensive neighborhood revitalization), Infill Single-Family construction, Westgate Story (hurricane rebuilding), Miracle on 34th Street (Model Block program), and Douglass Avenue Homes (historical renovation). The organization owns and manages rental properties across Palm Beach County and has expanded to Florida's panhandle region.
Differentiator
Problem solved
Functional benefit
Brands
- Coleman Park Renaissance: A sustained effort to transform the Coleman Park neighborhood's commercial corridor with 43 apartments and 4,000 sq. ft. of commercial space for minority businesses.
- Cross Creek Gardens
- Working Your Way Home
- Lincoln Road Model Block
- Art Lofts of West Village
- Mango Cove
- Community Land Trust
- Legacy Property Preservation Program
- Pathway to Prosperity
Products and services
- Financial Literacy Training & Homebuyer Counseling
Quantifiable outcome
- Families save over 50% per month on housing costs (veteran case study: Mr. Darling)
- +6 more outcomes
Companies that use Neighborhood Renaissance, Inc.
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles4 records
Neighborhood Renaissance, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Neighborhood Renaissance, Inc. partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship/critical, major and standard.
- City of West Palm Beachflagship/criticalLong-term municipal partner providing land donations, HOME funds, CDBG funding, and collaborative development opportunities. Partnership began in 1992. City donated land for Coleman Park Renaissance; provided $548,780 in HOME funds for Lincoln Road Model Block; donated 4 vacant lots for Pleasant City development.
- Palm Beach Countyflagship/criticalMajor funding partner providing NSP2 grants, HOME funds, SHIP funds, and disaster recovery grants. Provided $12 million NSP2 grant for Working Your Way Home program; $4 million forgivable loan for Mango Cove; $2,058,461 disaster recovery grant for Westgate. County donated 4 vacant lots for Pleasant City development.
- West Palm Beach Community Redevelopment Agencyflagship/criticalKey partner for neighborhood revitalization projects including Coleman Park Renaissance, Douglass Avenue Homes, and Historic Northwest Neighborhood homeownership programs. Provided $96,500 development subsidy for 5th Street home; donated land; committed funding for minority business commercial space development.
- Lake Worth CRAmajorPartner for Art Lofts of West Village development. Donated land and provided $700,000 NSP2 Residential Development Grant. Donated 2 vacant lots for Pleasant City/West Village development.
- HUDmajorFederal housing partner providing funding and regulatory support for affordable housing programs.
- Enterprise Community PartnersstandardCommunity development partner supporting affordable housing initiatives in Palm Beach County.
- City of QuincymajorLocal government partner for Cross Creek Gardens development in Gadsden County, Florida's panhandle region.
Scale indicators15 records
Recent moves9 records
Expansion highlights5 records
Neighborhood Renaissance, Inc. competitors and assessment
Company assessmentDirect peers
- NeighborWorks America: National network of 248+ nonprofit affordable housing and community development organizations; NR is itself a Project Reinvest NeighborWorks partner, making this the most direct peer in mission, scale, and operating model.
- BRIDGE Housing: California-based nonprofit affordable housing developer producing rental and homeownership product for low- and moderate-income households; shares NR's mixed-income, mixed-use, and permanent-affordability orientation.
- Community Housing Partners: Virginia-based nonprofit that develops and manages affordable housing across the rural South using weatherization, rehabilitation, and new construction — comparable to NR's scattered-site rental rehab and infill construction programs in Palm Beach County and Florida panhandle.
- Habitat for Humanity International: The largest nonprofit affordable housing developer globally, building and rehabilitating homes for low-income families through volunteer-driven construction, similar to NR's core model of providing affordable homeownership opportunities for households earning under 80% AMI.
- The NRP Group: National affordable housing developer producing mixed-income rental communities using LIHTC and other subsidy programs — comparable to NR's LIHTC-financed Coleman Park and Cross Creek Gardens developments.
Broad incumbents
- Enterprise Community Partners: National CDFI and affordable housing developer/funder that operates as both a capital provider and developer across multiple states; comparable to NR's blend of development, lending relationships (LIHTC syndication), and community development focus.
- Local Initiatives Support Corporation (LISC): National CDFI supporting local nonprofits with capital, grants, and technical assistance for affordable housing and community development; operates at a much larger scale but follows the same intermediary-plus-local-partner playbook.
Emerging players
- Grounded Solutions Network: National membership organization supporting Community Land Trusts and shared-equity homeownership programs — directly comparable to NR's CLT and shared-equity orientation established since 2005.
- Beacon Interfaith Housing Collaborative: Minnesota-based nonprofit affordable housing developer combining rental development with supportive services; comparable to NR's integration of housing with financial literacy and counseling wraparound services.
Regional players
- Florida Community Loan Fund: Florida-focused CDFI providing construction and permanent loans to NR and similar developers; shares the same Florida geography and mission of financing community-based affordable housing, though as a lender rather than developer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Neighborhood Renaissance, Inc. social profiles
Digital presenceNeighborhood Renaissance, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neighborhood Renaissance, Inc. leadership team
Management profileNumber of profiles
Profiles5 records
Neighborhood Renaissance, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neighborhood Renaissance, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neighborhood Renaissance, Inc.
What does Neighborhood Renaissance, Inc. do?
Neighborhood Renaissance is a nonprofit affordable housing developer that builds, rehabilitates, and manages rental and for-sale housing for low- and moderate-income households in Palm Beach County and across Florida. The organization delivers affordable rental apartments, scattered-site single-family rentals, and subsidized homeownership opportunities, while also providing financial literacy training, homebuyer counseling, property management services, and the Legacy Property Preservation Program.
Is Neighborhood Renaissance, Inc. a public or private company?
Neighborhood Renaissance, Inc. is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Neighborhood Renaissance, Inc. founded?
Neighborhood Renaissance, Inc. was founded in 1992. It employs 1 to 10 people.
Where is Neighborhood Renaissance, Inc. based?
Neighborhood Renaissance, Inc. is headquartered in West Palm Beach, United States, in the North America region.
How does Neighborhood Renaissance, Inc. make money?
Four revenue lines are on record. Rental Income is the primary driver. The others are home Sales, grant Funding and Donations and property Management Fees.
Who are Neighborhood Renaissance, Inc.'s main competitors?
Direct peers on record are NeighborWorks America, BRIDGE Housing, Community Housing Partners, Habitat for Humanity International and The NRP Group. Broad incumbents are Enterprise Community Partners and Local Initiatives Support Corporation (LISC). Emerging players are Grounded Solutions Network and Beacon Interfaith Housing Collaborative. Florida Community Loan Fund is listed as a regional player.
Does Neighborhood Renaissance, Inc. have an API?
No public API is recorded for Neighborhood Renaissance, Inc..
What industry is Neighborhood Renaissance, Inc. in?
Neighborhood Renaissance, Inc.'s product category is Affordable Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of IMAFABAI, Residential Affordable Housing Development & Construction. Its NAICS code is 2361 and its SIC code is 6500.