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  5. Home City Development, Inc. (HCDI)
Home City Development, Inc. (HCDI) logo

Home City Development, Inc. (HCDI)

11–50 employees 8 principals

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Last updated 2mo ago

About Home City Development, Inc. (HCDI)

Home City Development, Inc. (HCDI) is a real estate operator. Home City Development, Inc. (HCDI) operates in Springfield, Massachusetts. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.

Home City Development, Inc. (HCDI) was founded in 1967 (originally as Better Homes for Springfield) and has operated for over 50 years. It currently controls nearly 500 apartment units in Western Massachusetts. HCDI is a nonprofit real-estate developer focusing primarily on low-income multi-family rental properties and single-room occupancy buildings. It also undertakes mixed-use developments, adaptive reuse, and historic rehabilitation projects across Hampden and Hampshire counties in Massachusetts. In recent years, HCDI has delivered new affordable housing such as a 34-unit building in Pelham and pursued energy-efficient passive house certification for its developments. It maintains resident services programs and works to stabilize low-income households in its areas of operation.

Principals at Home City Development, Inc. (HCDI)

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8 principals on file

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Recent activity at Home City Development, Inc. (HCDI)

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Home City Development, Inc. (HCDI)'s project portfolio

2 projects on file · Multifamily (2)

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Every development in this GP's portfolio — location, unit count, square footage, and build status — plotted on an interactive map.

Markets and themes

Markets Home City Development, Inc. (HCDI) operates in

  • Springfield, Massachusetts

Investment themes at Home City Development, Inc. (HCDI)

  • Affordable Housing
  • Historic Tax Credits
  • LIHTC
  • Multifamily - Ground-up
  • Multifamily - Value-Add
  • Single-Family Homes
  • Workforce Housing

Capabilities

  • Asset Management
  • Construction Management
  • Economic Development
  • Site Development
  • Transit-oriented development
  • Urban infill

Operators similar to Home City Development, Inc. (HCDI)

  • St. Charles Town Company
    Mid-market tierHistoric Tax CreditsAffordable Housing+5 more themes
  • Somerset Development Company
    Mid-market tierHistoric Tax CreditsAffordable Housing+4 more themes
  • Sunflower Development Group
    Mid-market tierMultifamily - Value-AddHistoric Tax Credits+4 more themes
  • Strada Investment Group
    Mid-market tierAffordable HousingMultifamily - Ground-up+3 more themes
  • Capital City Real Estate
    Mid-market tierHistoric Tax CreditsMultifamily - Ground-up+3 more themes
  • Excel Development Group
    Mid-market tierAffordable HousingMultifamily - Ground-up+3 more themes
  • Vive Development
    Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes
  • Connelly Builders and Development
    Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes
  • Develop Detroit
    Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes
  • J. Jeffers & Co.
    Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes

Frequently asked questions about Home City Development, Inc. (HCDI)

What does Home City Development, Inc. (HCDI) do?
Home City Development, Inc.
What markets does Home City Development, Inc. (HCDI) operate in?
Home City Development, Inc. (HCDI) is active in Springfield, Massachusetts.
How many employees does Home City Development, Inc. (HCDI) have?
Home City Development, Inc. (HCDI) has 11–50 employees.
Home City Development, Inc. (HCDI) cover image

Home City Development, Inc. (HCDI) at a glance

Tier
Mid-market
Operator type
Developer, Owner
Headcount
11–50
Units owned
<1,000
Units managed
<1,000
Property mgmt
Third-Party Managed
Markets
1
Principals
8

Contact Home City Development, Inc. (HCDI)

261 Oak Grove Avenue, Springfield, Massachusetts 0
homecitydevelopment.org