Bethel Development, Inc., founded in 1994 and incorporated in Ohio, focuses on the development, ownership, and management of residential real estate, primarily concentrating on affordable housing. With its corporate headquarters located in Dublin, Ohio, the company has successfully developed 35 projects, comprising a total of 2,634 units designed to meet the diverse needs of both large families and elderly tenants, offering supportive services in many instances.
Over the years, Bethel Development has secured more than $284 million in construction financing through various financial institutions, including Red Capital Markets, State Savings Bank, and Wells Fargo. The company has established a solid reputation in the industry, maintaining over 95% occupancy across its stabilized properties. All completed projects are current on mortgage payments and expenses, showcasing positive cash flow and prudent financial management.
To further strengthen its construction capabilities, Bethel Development operates a subsidiary, Qualcon Builders, LLC, which was founded in 2005. Qualcon specializes in constructing multi-family housing and light commercial buildings while also managing residential construction services for clients utilizing the General Low-Income Housing Tax Credit Program. As a licensed contractor in multiple states, Qualcon emphasizes quality, punctuality, and cost-efficiency, employing advanced scheduling and cost projection methods to ensure projects meet client expectations.
Through its partnerships with various non-profit entities specializing in housing, Bethel Development has expanded its reach across Ohio, Arizona, and New Mexico, ensuring that it remains at the forefront of addressing affordable housing needs in diverse communities. The company’s focus on quality, dedication to its tenants, and successful project financing serve as testaments to its strength and sustainability in the real estate market.
