About Gorman & Company
Why should a community consider Gorman & Company for their next project?
Gorman & Company is focused on community development and neighborhood revitalization. Our development, architecture, construction, and portfolio management teams come from diverse backgrounds with expertise in all aspects of public-private partnerships, designs, builds, and managing aimed at improving America’s neighborhoods.
Our team works collaboratively across our geographic markets to lend their expertise where needed in areas such as architecture, construction management, brokerage services, legal issues, public housing operations, neighborhood redevelopment, tax-credit finance, and the like. There is no challenge too complex for our team to tackle.
What markets does Gorman & Company cover?
We are a fully integrated company providing our communities development, design, construction, and property management services. We build affordable, workforce, market rate, RAD, senior, and affordable by design housing and we also specialize in historic rehabilitation projects.
What does “fully integrated” mean?
A fully integrated development firm means that we are not exclusively a developer, we also provide design, construction, and property management to our projects. When challenges arise, our fully integrated platform is positioned to quickly resolve issues through a collaborative approach. A fully integrated firm provides the best customer service to our partners, our community, and our residents.
Is Gorman & Company hiring?
YES! Gorman & Company is always looking for talented individuals to join us in our mission. Please see Careers to learn more and read what our team members say about working here. You may also search our current available openings. There is also an option to submit a resume directly to our Human Resources team if you don’t see a position open that currently fits your needs.
About Renting Our Properties
How do I apply for a Gorman property in my neighborhood?
Thank you for considering a Gorman & Company community to call home. We offer affordable, market rate, and workforce housing. Start by searching for properties in your neighborhood. Reach out to our staff via phone or email to inquire about availability. Some of our market rate projects have the ability to apply right online through the property website!
Are there any rental units available in my neighborhood?
We are happy to help you find a place to call home. Gorman & Company offers a variety of housing options to suit your needs. We offer affordable, market rate, section 8, and workforce housing. Start by finding the specific residential property in your area. Reach out to our staff via phone or email to inquire about availability. Some of our market rate projects have the ability to apply right online through the property website!
How do I contact my property manager?
If you need to reach out to your property manager, we suggest you call the office number for your property. The property manager will then be able to help assist you.
For Our Construction Division
Does your construction team build the housing?
Our construction team, Gorman General Contractors, LLC consists of project managers, on-site field superintendents, and a Director of Construction, all of whom oversee work in progress daily. Our team has established a strong preference for working with Section 3, minority owned, women owned, and emerging subcontractors. Building superior relationships with strong subcontractors allows us to achieve top quality results and often finish projects ahead of schedule.
How do I get my business on the bidding list?
We are always looking for outstanding subcontractors to help us build quality affordable, workforce, and market rate housing across the country. Email our team at Bi*****@Go*******.com please include your contact information, trade that your company provides, and the state(s) within which you work.
About Industry Terminology
What does LIHTC mean?
LIHTC is an acronym for Low Income Housing Tax Credit. The LIHTC subsidizes the acquisition, construction, and rehabilitation of affordable rental housing for low- and moderate- income tenants. The LIHTC was enacted as part of the 1986 Tax Reform Act and has been used to create affordable housing across the nation.
What does workforce housing mean?
Workforce housing is a term used in development, real estate, banking, and urban planning to describe a housing need for the middle class who work professions like police officers, firefighters, teachers, health care workers, hospitality workers, and retail clerks. Due to a housing shortage or inability to afford available housing for this demographic, workforce housing is created. The area median income threshold is usually between 60% and 120%.
What are historic tax credits?
Introduced in 1979 by Congress, historic tax credits provide a critical indirect federal subsidy to help qualifying buildings rehabilitate projects without losing the historical nature of the building. These tax credits are issued for buildings and structures that are deemed historic by the National Park Service in an effort to protect and preserve historic and archeological resources.
What does the acronym RAD mean?
RAD stands for Rental Assistance Demonstration, an initiative of Housing and Urban Development (HUD) that seeks to improve and preserve specific affordable housing projects that are subsidized by HUD.
What does “affordable by design” mean?
In a market rate setting, it is an effort to keep rents and construction costs low so units are designed smaller, more efficient, and sometimes with fewer amenities.
What is AMI?
Area median income (AMI) is a metric used primarily in affordable housing. AMI is defined as the midpoint of a specific area’s income distribution and is calculated on an annual basis by the Department of Housing and Urban Development (HUD).
AMI benchmarks for renter eligibility is typically a requirement if your property benefits under the LIHTC program. For these programs, eligibility is generally set at a percentage of AMI, usually less than 100%.
What does homeless or houseless mean?
The Department of Housing and Urban Development (HUD) has defined homeless into four categories:
- People who are living in a place not meant for human habitation, in an emergency shelter, in transitional housing, or are exiting an institution where they temporarily resided.
- People who are losing their primary nighttime residence, which may include a motel or hotel or a doubled up situation, within 14 days and lack resources or support networks to remain in housing.
- Families with children or unaccompanied youth who are unstably housed and likely to continue in that state.
- People who are fleeing or attempting to flee domestic violence, have no other residence, and lack the resources or support networks to obtain other permanent housing.
In recent years, advocates and activists have begun to use the word unhoused or houseless to describe individuals without a physical address.