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Our History

Our history is also our present and future – people.

Pedcor’s founders have been innovators in the real estate development, affordable housing finance, and community banking industries their entire careers, experiencing firsthand the positive impacts of inclusive communities. When the Tax Reform Act of 1986 passed, they saw the opportunity and need for affordable housing – a vision they had the passion to wholly pursue.

Our History

Pedcor Offices | Carmel, IN

Our roots were planted in Indiana, but we’ve grown into states all over the U.S. to help people, communities, and businesses thrive. From our first Low Income Housing Tax Credit (“LIHTC”) rental housing project to expanding into multiple businesses under the Pedcor name – Pedcor consistently remains one of the nation’s top and most well-respected developers, managers, and owners of LIHTC units in the country.

1987

October

Pedcor Companies is formed

1989

June

Pedcor Investments, LLC is formed (one of the first limited liability companies in the nation)

1989

December

First LIHTC Development is built and opened

1990

March

Signature Construction, LLC is formed

1994

April

Village Capital Corporation is formed

1995

July

Pedcor acquires Flagship Bank

1996

February

Flagship Bank merges with International City Bank and the first bank holding company, Pedcor Bancorp is formed

1996

October

Pedcor Homes is formed

2000

March

Pedcor Financial, LLC is formed

2002

December

Pedcor purchases the Village affordable apartment communities from United Fidelity Bank

2002

December

Pedcor breaks ground on its Carmel, IN campus

2004

January

Mayor of Carmel, Jim Brainard, and the Carmel Redevelopment Commission approaches Pedcor to design and develop its new city center

2005

May

Pedcor Financial acquires United Fidelity Bank

2007

August

Pedcor hits 10,000-unit mark for total apartments

2008

April

Pedcor breaks ground on Carmel City Center and Indiana Design Center

2016

April

Pedcor ranked #1 affordable housing developer by Affordable Housing Finance Magazine

2017

October

Pedcor hits 20,000-unit mark for total apartments developed

2020

June

Pedcor develops in its 20th state
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