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| Which
States |
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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 call us. All brokers
are protected.
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| Our
Niche |
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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.
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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:
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 |
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|
2000 |
Kentucky |
Cottages of Henderson,
Henderson |
96 |
|
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|
2000 |
Wisconsin |
Red Cedar
Estates, River Falls |
24 |
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|
2001 |
Wisconsin |
Red Cedar Estates II, River Falls |
24 |
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|
2001 |
North Dakota |
Brandon Heights Village, Bismarck |
60 |
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|
2001 |
Iowa |
Black Hawk Village,
Burlington |
48 |
|
|
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|
2001 |
North Dakota |
South Glen Village,
Minot
|
48 |
|
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|
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|
2002 |
North Dakota |
Westgate Village, Grand Forks |
60 |
|
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2002 |
North Dakota |
Lakewood Village, Mandan
|
36 |
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2002 |
South Dakota |
South Creek Village
, Rapid City |
72 |
| |
|
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2002 |
North Dakota |
Brandon Heights Village II, Bismarck |
36 |
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2003 |
Oklahoma |
Gilcrease Hills Estates, Tulsa
In Leasing |
84 |
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2003 |
Tennessee |
Woodglen Village, Memphis
|
72 |
|
|
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2005 |
Tennessee |
Orleans Terrace - Johnson City
In Construction |
48 |
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2005 |
Tennessee |
Edgewood Estates Greeneville
In Construction |
48 |
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2005 |
Oklahoma |
East Oaks Village - Midwest City
In Construction |
48 |
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2005 |
Florida |
Palmetto Ridge Estates
In Pre-development |
192 |
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Why
GANDOLF? |
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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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