Housing Development Services
Housing Development Services, through Penquis Development Inc.(PDI), Broadway Housing, Inc.(private non-profit corporations) and Penquis Housing Inc. (PHI), (a for-profit corporation) were established to promote the development, financing, and preservation of affordable housing for low- and moderate-income families, seniors and special needs populations.
Projects are developed with the use of Low Income Housing Tax Credits and other inventive financing mechanisms. Penquis Development Inc., Broadway Housing Inc. and Penquis Housing Inc. act as conduits for owner/contractors and funding sources.
These Penquis companiesâ€™ primary functions acquire funding and partnerships to develop affordable housing, providing rental and homeownership opportunities through new construction and rehab.
All developments are designed considering the following: tenant needs, environmental impacts, market conditions, partnerships with the local community, a suitable location and the availability of financing. To learn more about Housing Development Services at 973-3551; 1-800-215-4942 x3551.
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