Owned · Denton, Texas
Woodlands of Denton
148 units · Acquired 2024
100% property tax abatement through a housing authority partnership, with 75% of units at or below 65% AMI.
Essential & workforce housing
Investment with impact in essential housing.
We acquire, develop and operate housing for teachers, nurses and first responders, in partnership with public agencies and nonprofits.
About
A minority-led, institutional-quality platform for essential housing.
Parliament Drive owns, develops and operates multifamily communities for households earning 60–120% of Area Median Income: too much for most subsidies, not enough for market rents. We invest our own capital alongside institutional and impact partners.
Every deal pairs property tax abatement with lasting affordability, structured with housing authorities, public facility and housing finance corporations, or nonprofit partners. We also advise other owners, kept separate from our investments.
- Product type
- Workforce and affordable multifamily
- Strategy
- Acquisitions and ground-up development
- Partners
- Public agencies and nonprofits
- Markets
- Georgia, Texas, California, Colorado
Leadership
Jeremy Woodard
Founder & Chief Executive Officer
Jeremy has led more than $500 million in real estate investments. Before founding Parliament Drive, he was Head of Multifamily at Cardinal Group, a Vice President in real estate private credit at Cerberus Capital Management, and a real estate investment banker at Goldman Sachs. He co-founded Partake Foods, now sold in more than 20,000 stores, and holds an MBA from Chicago Booth.
Portfolio
We do our own deals.
173
Units · Ground-up
In development · Dallas–Fort Worth, Texas
Mixed-income development
173 units · Pre-development
Ground-up multifamily community with income-restricted and market-rate homes, structured with a public partner.
Advisory
Advice from an owner, not a bystander.
We help owners, sponsors and public agencies use the same abatement structures we use on our own deals.
- 01Underwrite. Weigh the tax savings against the cost of restricting rents.
- 02Structure. Choose the vehicle and negotiate terms with the public or nonprofit partner.
- 03Comply. Certify incomes, monitor rents and report, so the abatement holds.
Partner With Us
Let's build essential housing together.
We work with investors as limited partners, co-GPs and programmatic joint venture partners, and with owners and agencies on advisory engagements.