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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.


 

Our Primary Rental Products

 

Gandolf’s developments offer two alternative developments to best fit the community and resident needs.  The first is a New England style “cottage,” with groups of units set to create a friendly community of residents in similar life situations, built on ground level with no stairs, each unit having its own entrance with a private porch. 

For sites which offer less space, we provide a two to four story apartment-style building with elevators for easy access and meeting areas which foster a sense of community.  Our multi-story product ranges for a 600 square foot one bedroom to a 990 square foot three bedroom. 

Gandolf’s  cottage-style  concept has proven to be extremely successful because we can offer seniors and families an attractive, spacious, quality, maintenance free alternative to home ownership at below market rates.  Cottages range from 670 square foot one bedroom unit to over 1,050 square foot three bedroom unit. 

Developments typically range from 48 units to 120  units.   Each site is sufficient to provide ample green space, with 8 to 10 units per acre (cottage style) being a general rule. 

Each development  with 60 or more units has its own community center to encourage social activities and to coordinate social services for the residents.  Refuse and recycling collection is enclosed in storage buildings, and the grounds are kept in a park-like state of grooming.   Walking trails, gardens, and recreation activities designed for seniors also create a sense of community. 

Family projects may also include walking trails, gardens, and outdoor picnic areas, as well as appropriate youth related recreational amenities including tot lots, basketball courts, and swings.  The entire site is graded and built to Americans with Disabilities Act (ADA) standards.

Attached and detached garages are normally provided at a minimal additional cost for our cottage style developments.  Ample outdoor parking is also available. 

All units are equipped with a range, range hood and fan, refrigerator, garbage disposal, dishwasher, air conditioner, high-energy efficient furnace and washer/dryer hookups.  The units have ample cupboard and closet space, all designed for ease of use.  Extra care is taken to insulate all common walls against sound.  In our cottage developments all units are fully accessible, handicapped adaptable and secure.

Quality of construction is important to Gandolf,  The Company not only builds and leases these units, but remains an active owner for a minimum of 15 years during the tax credit recapture period.  Gandolf developments are designed to fit within the surrounding community as well as satisfy state and local building codes.  Energy efficiency is stressed, to lower both Gandolf  operating costs and those utility costs paid directly by the resident.  Construction utilizes high-efficiency heating and air conditioning systems, and high energy rated insulation.  Long term ease of maintenance and appearance are paramount in material selection. 

We select communities that have a strong need, as well as support,  for affordable housing.   We attempt to select a location that is close to amenities (schools, grocery stores, pharmacies,  medical care facilities, busline, etc.) and is residential in character.   Where and when available, we attempt to bring in voluntary services from senior centers and the medical, legal and social services professional communities.   Out goal is to provide our tenants with a great living environment.

 

 
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.


 

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