Our Team


Craig Alter

Vice President - Development

Office:  Austin, Texas regional office

Focus: Locates project sites, manages project design professionals, secures financing and development entitlements, and assists with construction oversight and property lease-up. Craig’s passion for developing great housing communities has guided his work as a consultant, public and non-profit board member, developer, housing finance corporation director, and public housing authority director. Driven to improve awareness of the individual and community benefits generated by affordable housing. “The greatest pleasure is to complete a project that exceeds expectations; an example of how we can assist families achieve their dreams.”

Experience: Over 25 years of experience pinpointing responsive strategies for meeting affordable housing needs. Earned an undergraduate degree in natural resource management and a graduate degree in urban/regional planning from the University of Michigan.

Impressive Facts: In constructing or rehabilitating more than 3,500 housing units, Craig has drawn from his expertise in the 4% and 9% tax credit programs, HUD loan and housing voucher products, public-private partnerships, site and architectural design, and project management.

Fun Stuff: Craig’s outdoor passions are snow skiing in the Rockies, camping and hiking in the West Texas mountains, or relaxing on a beach. His family likes to take travel adventures to places they have never been, particularly out of the U.S.

Commonwealth is not just a company that builds housing, it has an ethos of compassion for persons in need and responsibility to deliver the best product.


What is Affordable Housing?

WHAT IS THE HOUSE TAX CREDIT PROGRAM? In 1986, the federal government implemented the Low-Income Housing Tax Credit Program (LIHTC),…
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Former Mandan Junior High School Provides Textbook Case in Affordable Housing

The former Mandan Junior High School has been transformed into 39 units of affordable housing. To celebrate the completion of…
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Commonwealth was quick to respond to any need, both large and small, throughout the entire building process. It might sound too good to be true, but all we did was tell them what we wanted and they did it. Very simple and no surprises. It is easy to see why Commonwealth is a rapidly growing company.

Brian Lenz, President , Lenz Sales & Service, Inc.