Development Experience

Which States

Gandolf is active in several states. We have established a list of states in which we are seeking land for new developments. Contact us if you know of a good piece of zoned land in any of these states. All brokers are protected.

Our Niche

Gandolf specializes in creating affordable housing. The housing we create offers rents which are targeted to people who make about 60% of the average medium income of the county. Residents who fall into this income category normally are policemen, firemen, teachers, and factory workers. To meet the needs of our tenant base we are normally able to provide rents which are at least 10% below market. Because of the various financing programs that we utilize, we require that residents qualify based upon income.

Gandolf's Management Team Has Developed Several Affordable Housing Projects

The four projects below consisting of almost 400 units were developed by members of the management team of Gandolf with a previous company between 1997 and 1999:

YEAR	STATE	NAME	UNITS

1997	West Virginia	Cottages of Martinsburg	120

1997	Oklahoma	Senior Cottages of Norman	84

1998	Kansas	Cottages of Topeka	72

1998	Arizona	Senior Cottages of Apache Junction	92

In addition to the above, Gandolf has developed several projects and has a number of Section 42 projects in various stages of development including:

YEAR	STATE	NAME	UNITS

2001	Kentucky	Cottages of Henderson, Henderson	96

2000	Wisconsin	Red Cedar Estates, River Falls	24

2001	Wisconsin	Red Cedar Estates II, River Falls	24

2001	North Dakota	Brandon Heights Village, Bismarck	60

2001	Iowa	Black Hawk Village, Burlington	48

2001	North Dakota	South Glen Village, Minot	48

2002	North Dakota	Westgate Village, Grand Forks	60

2002	North Dakota	Lakewood Village, Mandan	36

2002	South Dakota	South Creek Village, Rapid City	72

2002	North Dakota	Brandon Heights Village II, Bismarck	36

2003	Oklahoma	Gilcrease Hills Estates, Tulsa	84

2003	Tennessee	Woodglen Village, Memphis	72

2004	Tennessee	Orleans Terrace, Johnson City	40

2004	Tennessee	Blue Springs Village, Greeneville	48

2004	South Dakota	Pine Crest Village, Rapid City	48

2004	South Dakota	Edgewood Village, Rapid City	48

2004	Oklahoma	East Oaks Village, Midwest City	48

2005	Iowa	Hawthorn Hills, Des Moines	43

2005	Florida	Palmetto Ridge Estates, Titusville	192

Why GANDOLF?

Gandolf's management team has several years experience in the affordable housing market. They have successfully developed in over 12 states and produced over 1,500 units.

Gandolf has experience in both senior and family affordable housing. Their management team has taken projects from the concept stage through city approvals, construction and lease up. They are experienced at managing projects from afar and have a hands-on management style that produces a successful result whether it is for their own portfolio or in conjunction with a local housing authority, CHDO or another non-profit group.