Housing that endures. Capital that performs.
Gr3ySpace acquires, develops, rehabilitates, and operates income-restricted multifamily housing across the full spectrum of U.S. federal affordable housing programs — from 30% AMI permanent supportive housing to 120% AMI workforce communities.
Federal program depth. Institutional discipline. Long-term ownership.
The U.S. faces a structural deficit of well-capitalized affordable rental housing across every income tier. That deficit is not simply a production shortfall — it reflects the concentration of ownership among undercapitalized operators without the compliance infrastructure or long-duration capital to steward income-restricted properties for their full regulatory lives.
Gr3ySpace was built to close that gap. Our team combines direct expertise across every major federal affordable housing program, an in-house compliance function that scales without regulatory exposure, and capital access relationships covering LIHTC syndication, tax-exempt bonds, HUD-approved lenders, agency debt, and CDFI financing.
Learn about our platform
Twenty-seven funds. One compliance-driven platform.
Gr3ySpace operates twenty-seven funds across two vintages — twelve 2026-vintage funds ($36.079B) covering the full spectrum of federal affordable housing, and fifteen 2028-vintage funds ($25.256B) extending the platform across the institutional risk-return spectrum. Combined committed capital of $61.335 billion across investment, operations, and reserve vehicles.
Featured below: the 2026 vintage — eight investment funds anchored by the platform's federal-contract and LIHTC strategies. See the full 27-fund lineup →
Federal Contract Affordable Housing
$11.26BSection 8 project-based voucher, HAP, PRAC, RAD conversions, and Section 202/811 supportive housing acquisition, development, and preservation.
Fund I DetailsLIHTC Affordable Housing Development & Preservation
$2.80BGround-up development and substantial rehabilitation financed through 4% and 9% Low-Income Housing Tax Credits and rehabilitation tax credits.
Fund II DetailsWorkforce & Naturally Occurring Affordable Housing
$2.80BWorkforce housing and naturally occurring affordable housing serving 80–120% AMI households in high-cost metropolitan markets.
Fund III DetailsSenior Affordable Housing
$1.40BLIHTC-financed senior affordable housing communities serving elderly households at 30–60% AMI with accessible unit designs and supportive services.
Fund IV DetailsMixed-Income Affordable Housing
$1.40BMixed-income communities integrating market-rate and affordable units, leveraging inclusionary zoning and density bonuses in infill locations.
Fund V DetailsPermanent Supportive Housing
$2.80BPermanent supportive housing for individuals experiencing homelessness, chronic mental illness, disability, and veterans, with embedded on-site services.
Fund VI DetailsRural Affordable Housing
$1.40BUSDA Section 515 and Section 538 rural affordable housing acquisition, preservation, and recapitalization in underserved geographies.
Fund VII DetailsAffordable Housing Bond Financing
$1.40BTax-exempt private activity bond and CDFI financing infrastructure supporting the platform’s affordable housing capital stack.
Fund VIII DetailsWhere would you like to start?
LP Investors
Evaluate fund commitments across twenty-seven Gr3ySpace funds — twelve 2026-vintage funds and fifteen 2028-vintage funds across investment, operations, and reserve vehicles.
Residents
Find affordable housing in a Gr3ySpace community near you.
Cities & Housing Authorities
Explore development partnerships and RAD conversion engagements.
Nonprofit & Government Partners
Co-development and supportive services integration opportunities.
A three-stage investment committee governs every commitment.
Alexandra Pohl chairs the Gr3ySpace investment committee and holds final approval authority on all transactions. Committee decisions are documented with written investment memos, underwriting model outputs, program eligibility analysis, and third-party physical condition assessment reports.
- Stage 1
- Initial screening within five business days — proceed or decline.
- Stage 2
- Full underwriting, program eligibility review, and 15-year cash-flow modeling under conservative subsidy renewal assumptions (30–45 days).
- Stage 3
- Investment committee approval requiring unanimity, followed by purchase agreement or development agreement execution.
Four commitments guide every decision.
Regulatory Integrity
Every compliance decision and HAP contract action defended by discipline and documentation.
Investor Transparency
Reporting, fund economics, and material asset developments delivered with institutional cadence.
Resident Dignity
Property management, income certification, and resident services decisions rooted in the lived experience of the community.
Institutional Discipline
Every acquisition, development, and rehabilitation underwritten against defined thresholds — no exceptions.
Founder-led. Compliance-anchored. Purpose-driven.
“Affordable housing is the highest leverage product in real estate. Build it like it matters.”
Alexandra Pohl is the Founder and CEO of Gr3ySpace. She has personally directed $300 million or more in development and capital programs and built Gr3ySpace on standardized LIHTC application discipline, agency execution playbooks, and a compliance management system that scales across the portfolio without creating regulatory exposure.
Full Founder Bio