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| PINNACLE HOUSING GROUP |
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9400 S Dadeland Blvd |
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#100 |
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Miami, FL 33156 |
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305-854-7100 |
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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. |
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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. |
CONSTRUCTION
Pinnacle is not only a fully-integrated development company with the capacity to conceive, identify and finance new communities, but it can also oversee the entire design/build process at its most intricate levels. Pinnacle hires design professionals who are creative, efficient, meet deadlines and understand the needs of the community and our future residents. Our apartment homes are designed to compliment local architecture, ranging from Mediterranean-style or Art-Deco inspired high-rises on urban parcels in South Florida to contemporary suburban communities in other areas of Florida and the Southeast. Everywhere we build, Pinnacle's designs emphasize local "flavor" and community objectives. |
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Pinnacle, through our affiliate entity PHG Builders, LLC, can build and rehabilitate communities either as a fully-licensed general contractor or as the construction manager. PHG Builders has an extensive and growing track record of constructing and rehabilitating developments for Pinnacle throughout Florida, using all known construction designs from high-rise to garden apartments and townhomes, and all established methods for both concrete block and frame construction. PHG Builders has completed construction cumulatively in excess of $110 million in value.
When PHG Builders is not the general contractor "of record" for a new Pinnacle community, it serves as a construction manager. PHG Builders participates in the general contractor selection, coordinates with the design and development team, assures quality control and product reliance, works closely with property management to schedule product availability and otherwise ensures that the development activity is completed on time and within budget.
Either as a general contractor or construction manager, PHG Builders works with stakeholders and area residents to ensure that development standards are met and exceeded, impacts on surrounding neighbors and the local community are minimized and the finished product receives complete market acceptance by our residents. |
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