Silver Street Development Corporation

About Silver Street Development Corporation

Silver Street Development Corporation is a real estate operator headquartered in Portland, ME. Silver Street Development Corporation operates in Asheville, North Carolina, Baltimore, Maryland and Boston, Massachusetts. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.

Silver Street Development Corporation was founded in 1993 and has since operated for over 30 years. It is headquartered in Portland, Maine, with additional offices in Virginia, Washington DC, and North Carolina. The company manages a portfolio of more than 6,500 units across nearly 100 communities in 14 U.S. states. Its leadership team includes founders who have overseen acquisition, development, and stabilization activities for approximately 12,000 housing units totaling over $1 billion in project costs. Silver Street specializes in affordable housing, focusing on acquisition, preservation, rehabilitation, and new development. Its projects typically leverage Low Income Housing Tax Credits, HUD bond financing, Section 8 subsidies, and RAD/HOME programs. At peak capacity the firm had up to five developments under construction simultaneously. Subsidiaries include Housing Management Resources, which manages roughly 6,000 units, and Port Harbor Construction, handling in‑house construction needs.

Principals at Silver Street Development Corporation