Development

Pinnacle Housing Group is deeply committed to finding workable solutions to the complex problem of providing affordable housing that plagues so many of our nation’s communities. Pinnacle's unique approach has helped reinvent the false perception of some that affordable housing, by definition, is not dynamic and eventually leads to the deterioration of the neighborhoods in which it is developed. 

The affordable housing crisis looms large and is growing. According to data published by the Shimberg Center for Affordable Housing Studies at the University of Florida, an estimated 700,000 families are spending more than 50% of their income on shelter and related needs. The recent collapse of the housing industry "bubble" has lowered prices but not closed the affordability gap, since lower and moderate income households tend to be the slumping economy's biggest victims.

At Pinnacle we are addressing this need by building high quality, attractive developments with a managed living environment that provides individuals, families and seniors with an improved quality of life.  Our portfolio size has grown to over 5,000 units since our company's inception. In so doing, we often revitalize decaying, urban neighborhoods and offer our residents a brighter, more promising future, all at prices our residents can afford.

Pinnacle is nationally renowned for its ability to navigate the unique requirements of the affordable housing industry to exceed the expectations of public sector stakeholders at the federal, state and local level, while still delivering the highest level of affordability to its residents. Pinnacle enjoys a sterling reputation with the lending and investment banking industries, with one of the strongest portfolios of properties with respect to occupancy, cash flow and program compliance in the affordable housing industry. This is attributable to Pinnacle's conservative approach to site selection, budgeting and long-range forecasting.

Pinnacle knows intimately the business of affordable housing development, as its partners and principals have a combined 100 plus years in identifying opportunities, site selection, community outreach, consensus building, partnering (including local government, public housing authorities and non-profit organizations), procuring scarce sources of public and quasi-public financing (such as Housing Tax Credits), and executing under the prescribed regulatory regime.