GREATER GREENVILLE HOUSING & REVITALIZATION ASSOC INC

What GREATER GREENVILLE HOUSING & REVITALIZATION ASSOC INC does

Greater Greenville Housing & Revitalization Association, Inc. (GGHRA) is a 501(c)(3) nonprofit Community Development Corporation founded in 1992 and headquartered at 332 Main Street, Greenville, Mississippi. The organization develops, owns, and manages affordable rental housing in the Mississippi Delta region, currently operating a portfolio of 136 units across eight properties: The Reserves at Gray Park (42-unit mixed-income townhouses, completed 2018 and the largest single-unit development in Greenville in over 30 years), Broadway Villas, Chatham Villas, Cypress Pointe (17 units, acquired 2016, renovated 2019), Green Villas, Les Lane Apartments (8 historic units rehabilitated 2014), Port City Villas, and Pastel Properties (scattered single-family homes). Beyond property management, GGHRA administers a Homeowner Rehabilitation Program that has assisted 209 households over the past decade with over $900,000 in lifetime SNAP-funded allocations, a Down Payment Assistance Program for first-time homebuyers, and a Fresh Foods Initiative addressing food desert conditions.

GGHRA's revenue model is primarily recurring rental income from the 136 affordable units, supplemented by grants and partnership funding from federal, state, and private sources. Key funding partners include the Mississippi Home Corporation ($847,000 CHDO grant plus $134,000 capacity-building funds in 2013), Federal Home Loan Bank of Dallas (Affordable Housing Program and SNAP grants), HUD (HOME Investment Partnerships), Regions Bank (construction/permanent financing since 1998), Planters Bank & Trust (5+ consecutive years sponsoring FHLB applications), Rural LISC, Southern Bancorp, Wells Fargo Housing Foundation, and Bayer Fund. Rent amounts are income-based, with 2017 Washington County thresholds ranging from $13,700 (extremely low income, family of 4) to $54,700 (moderate income).

The organization is led by CEO Daniel Boggs and governed by a Board of Directors with Mark Seard as President (succeeding George King). GGHRA has received national recognition including a 2015 Congressional HOME Success Stories report feature for the Les-Lane renovation, a 2016 Mississippi Annual Affordable Housing Conference National Recognition Award, and the 2017 Delta Democrat Times Readers' Poll "Best Apartment Complex." Distribution is direct-to-tenant through owned properties and program applications within a single geographic market (Greenville/Washington County, Mississippi). The organization is actively pursuing the Madison-Thomas Project to convert two downtown buildings into mixed-use affordable housing and commercial space, signaling expansion into commercial revitalization.

Name

GREATER GREENVILLE HOUSING & REVITALIZATION ASSOC INC

Legal name

Greater Greenville Housing & Revitalization Association, Inc.

Website

https://gghra.com

Company type

Private

Founded year

1992

Operating status

Operating

Short description

GGHRA is a 501(c)(3) nonprofit Community Development Corporation in Greenville, Mississippi that owns and manages 136 affordable housing units across 8 properties, while administering homeowner rehabilitation, down payment assistance, and food access programs for low-income families and elderly/disabled residents in the Mississippi Delta.

Ownership category

akta.pro rank

NAICS

Other Community Housing Services (624229), Lessors of Residential Buildings and Dwellings (531110)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE)

Keywords

• Affordable housing
• Community development
• Housing rehabilitation
• Rental properties
• Community revitalization

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Income: GGHRA owns and manages 136 affordable housing units across 8 complexes in Greater Greenville. Revenue is generated through monthly rental payments from tenants in subsidized and affordable housing properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

GGHRA is a nonprofit Community Development Corporation that owns, develops, and manages 136 affordable housing rental units across eight properties in the Greater Greenville, Mississippi area. In addition to property management, the organization delivers the Homeowner Rehabilitation Program, a Down Payment Assistance Program for first-time homebuyers, the Fresh Foods Initiative to combat food desert conditions, and a Contractor Qualification Program for development partners.

Product overview

GGHRA is a nonprofit Community Development Corporation that operates a portfolio of eight affordable housing properties totaling 136 rental units in the Greater Greenville, Mississippi area. The housing portfolio includes The Reserves at Gray Park (42 townhouse units), Broadway Villas, Chatham Villas, Cypress Pointe (17 units), Green Villas, Les Lane Apartments (8 historic units), Port City Villas, and Pastel Properties (single-family homes). Beyond property management, GGHRA administers community programs including homeowner rehabilitation, down payment assistance for first-time homebuyers, and the Fresh Foods Initiative to address food insecurity.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 136 affordable housing units owned and managed across 8 complexes
• +4 more outcomes

Named customers4 records

Segments3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Rural LISCcoreStrategic or Co-development PartnerLocal Initiatives Support Corporation's rural program working with 71 community development organizations across 42 states. Provided predevelopment cost support and Healthy Housing Grant from Wells Fargo Housing Foundation for Ed Gray Park development.
• U.S. Department of Housing and Urban Development (HUD)coreOthersFederal housing agency that visited Greenville in June 2023 to tour The Reserves of Ed Gray Park with GGHRA CEO Daniel Boggs. GGHRA utilizes HUD funding through HOME Investment Partnership Program and operates in community designated with high concentration of substandard housing.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Regional players

• Fahe: Appalachian regional nonprofit housing CDFI serving rural communities through housing development, rehab, and capacity building; GGHRA's Rural LISC partner comparator in a different but analogous rural, distressed-region context.
• Hope Credit Union (HOPE): Deep South community development financial institution serving low-wealth communities in Mississippi and surrounding states; comparable regional CDFI/community development focus on the same geography as GGHRA.

Broad incumbents

• Local Initiatives Support Corporation (LISC): National community development financial institution supporting affordable housing and neighborhood revitalization; GGHRA is an active Rural LISC partner, making LISC the most direct national analogue to GGHRA's community-led development model.
• Enterprise Community Partners: National nonprofit affordable housing developer and CDFI with a similar mission of creating affordable rental and homeownership opportunities; operates at vastly larger scale across the U.S. and overlaps with GGHRA's CHDO-style community development model.
• Habitat for Humanity International: Global nonprofit building affordable housing and providing homeowner support; comparable mission in affordable homeownership and rehab assistance, though GGHRA focuses more on rental and community revitalization.
• Stewards of Affordable Housing for the Future (SAHF): National nonprofit coalition of leading affordable housing providers that preserves and develops multifamily rental housing for low-income residents; represents the scaled, peer-network analog to GGHRA's mission.
• NeighborWorks America: National network of 240+ community-based nonprofit housing and development organizations focused on affordable housing, homeowner rehab, and community revitalization — directly comparable program mix to GGHRA.

Direct peers

• Mercy Housing: National nonprofit affordable housing developer and operator of rental properties serving low-income families, seniors, and people with disabilities; directly comparable operational model as a nonprofit owner-operator of affordable rental housing.
• National Housing Trust: Nonprofit that preserves and operates affordable rental housing, including the use of LIHTC and project-based subsidies; comparable operating footprint and asset-class focus to GGHRA's 136-unit portfolio.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and operates affordable rental housing across the U.S., combining acquisition, rehab, and long-term stewardship of affordable units — same core model as GGHRA's acquisition-and-rehab approach (e.g., Cypress Pointe, Les-Lane).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

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 GREATER GREENVILLE HOUSING & REVITALIZATION ASSOC INC