Leading Trade Publication identifies LDG Development as nation’s 4th Largest Developer of Affordable Housing
(Louisville, Kentucky)— Louisville based LDG Development has been identified as one of the nation’s top developers of affordable housing by a leading online and print publication— Affordable Housing Finance magazine. The ranking is based on the number of units the firm started construction on in 2016. LDG began construction on more than 1,000 units last year and expanded into two states—Tennessee and Georgia. Additionally, the firm strengthened its presence in other markets including Louisiana and Texas and expects to begin construction on several projects in Louisville by the end of the 2017.
“LDG’s continued growth reflects our team’s commitment to provide high quality affordable housing to the hard-working families we serve in communities across the country,” said Chris Dischinger and Mark Lechner, co-owners for LDG Development. “We founded this company based on the belief that everyone deserves a quality place to live. This philosophy continues to guide our work and has helped to shape the culture that has led to our continued growth and success.”
Affordable Housing Finance magazine is one of the industry’s leading publications. Each year, the magazine identifies the nation’s top developers of multi-family developments based on the number of units that the company began construction on during prior year. In 2016, dozens of developers began construction on more than 25,000 units of affordable housing across the country. During this period, LDG broke ground on 1,060 new units of affordable housing in several states and communities.
This year, the company expects to begin construction on 2,000 units in ten developments. Dischinger and Lechner both believe that the company’s continued growth demonstrates the strong need for more affordable housing in many communities and the solid reputation LDG has established with investors as well as local and state government leaders within the markets the company serves.
“We are proud of the reputation we’ve established of delivering solutions that meets the unique needs and goals of each community,” said Dischinger and Lechner. “The investments we make with each of our developments reflect a long-term commitment of providing residents with a place they are proud to call home.”
LDG Development has earned a spot on the magazine’s annual listing of top developers for several years. In 2015, the magazine ranked LDG #16 on its list of top developers for the industry. The company was founded in 1989 by Lechner and Dischinger. In addition to its headquarters in Louisville, the firm also has a regional office in Austin, Texas. Over the years, LDG has developer more than 7,000 units of affordable housing in 8 states. For more information please visit www.ldgdevelopment.com.