Every project is bigger than just a building.

Development

Since 2001, it’s been our mission to develop the highest-quality, innovative housing solutions for communities. At the core of our business is the development of affordable housing that enhances the lives of the residents we serve and adds value to neighborhoods. Our experienced developers intently focus on high-quality and responsible development projects in strong markets, and skilled asset management to create and preserve long-term value. Our multi-family housing portfolio encompasses a variety of building styles including midrise, cottage-style, townhomes, garden-style walk-ups, and historic adaptive reuse.

Building positive change.

New Construction

Commonwealth is unique in our breadth of knowledge, experience and ability to deliver housing that exceeds expectations, adds value and enhances the lives of the residents we serve and the communities in which we work. Our new construction developments are constantly evolving to provide our residents with the amenities and design features that they are looking for in the place they call home.

New Construction Projects

We call it inspiring a community.

Adaptive Reuse

Others call it renovation. Every community has obsolete structures that continue to sit vacant and underutilized. The concept of adaptive reuse is to use these historically or architecturally significant buildings in a new, innovative and relevant way. Commonwealth has successful developed and built apartment communities with this sustainable approach.

Adaptive Reuse Projects

Preserving the architectural legacy of your community.

Historic Renovation

Commonwealth believes in the preservation of buildings of historic significance. We seek to preserve and restore the architectural legacy of the communities in which we work. Commonwealth's experience with these highly sensitive projects ensures that the utmost care is taken when developing and renovating a historic building.

Historic Renovation Projects

Looking for opportunities.

Acquisition of General Partnership

We continue to actively look for opportunities through the development and acquisition of low, moderate and mixed-income properties across the country. Commonwealth is well-positioned to buy out existing owners who lack the resources to recapitalize and expertly rehabilitate the units. Due to our development, construction and management teams’ ability to work in concert to re-develop and manage existing properties and portfolios, we are able to execute quickly on the acquisition of these interests.

Recent Development Projects

News/Happenings

Category: Development

Commonwealth Named 2020 Top 50 Affordable Housing Developer in the US

On May 27th, Affordable Housing Finance (AHF) announced its annual list of the Top 50 Affordable Housing Developers…
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Commonwealth Receives LIHTC Awards for Four Wisconsin Developments

What an exciting week for Commonwealth Development Corp. in the state of Wisconsin! Congratulations to our development team for receiving…
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Commonwealth has been extremely professional and courteous to the staff and the residents still living in our facility. They exceeded our expectations during the construction project as well as during the renovation of a 1923 school. Both projects have turned out to be beautiful and successful for our community.

Nancy McKenzie, Executive Director, Rhinelander Housing Authority, Nancy McKenzie, Executive Director