About Us

Equimax Development Company (EDC), a recently formed Limited Liability Company, is a full-service New Jersey real estate developer/builder specializing in environmentally sustainable community development for the emerging multicultural market. Through the unique and extensive experience of its’ Members, EDC delivers a unique cost effective, environmentally sustainable product stream that includes workforce, market rate and luxury homes. Equimax Development Company is committed to building not just a house, or a home, but building “Communities of Tomorrow, Today.”

EDC addresses a market niche that is under-served and neglected by the major homebuilders in America. The Civil Rights Laws of 1965 and 1968, along with Affirmative Action laws over the last 30 years have significantly increased the number of middle- and upper income African Americans seeking the American dream of home ownership. EDC satisfies the growing demand from upwardly mobile multicultural buyers for quality for sale housing. Our ability to accelerate value creation directly results from our disciplined approach, integrated services, and commitment to the principles of environmental sustainability and brand value.

Ernest Edwards, a Managing Member, was the first tract home builder to receive FHA/VA approval to utilize Heat Pumps as a home energy source; the first to be designated an Energy Star® builder by the U.S. Environmental Protection Agency in the South Jersey market; and the first to use Superior Walls® (pre-cast insulated concrete panels). We have and will continue to lead the way in technological innovation for our industry. As homebuilders are now becoming “Green Builders”, we have already moved on to building communities utilizing the principles of “Environmental Sustainability.”

Equimax Development Company (EDC), LLC was formed in January of 2024 for the sole purpose of increasing home ownership among the American population. The path to wealth building begins with home ownership. EDC acquires land, develops and builds for-sale housing directed at two target markets. Though our initial operations are in Camden, Burlington, Gloucester, and Atlantic counties in Southern New Jersey, EDC will eventually expand into a regional, and then national builder/developer addressing its two specific target markets.

The Company (EDC) has two operating divisions that target two distinct markets in the housing industry.

Our theme, “Veterans Housing Veterans” declares our first target market.

Our products help Veterans acquire home ownership through their purchase of an “Equimax Quad.” Our four-plex units allow Veterans to afford their home more easily because they have 3 rental income units that provide monthly income to help them meet their debt service.

Additionally, the nationwide housing shortage for Veterans is reduced because Veterans rent their apartment units to other Veterans in need of safe, secure permanent shelter. A Veteran enjoys the benefits of home ownership, builds equity for the future, and provides safe, secure permanent shelter for their comrades-in-arms, whether they be low-income, disabled, or homeless.

Our theme, “Cooperative Living, Collective Ownership” heralds EDC’s second target market.

We assist “communities of mutual interest” to develop Cooperative Housing for their members who share the vision that cooperative, collective ownership of real estate provides greater opportunities for home ownership.

 Owning a home and building equity through cooperative and collective ownership of real estate is what we design, develop, and construct. Our variety of products meet the needs of groups of any size, location, or logistics.

We offer state of the art construction technologies that ensure, and insure, complete customer satisfaction regarding cost effectiveness, construction quality, and product endurance. Our units are energy efficient, environmentally friendly, and utilize the latest in Green Building Technology.

Equimax Development Company only builds for sale real estate properties directed at its two target markets. For the Veterans market, EDC has developed the “Equimax Quad.” The “E-Quad” is sold as a single family home with 2 1-bedroom apartments (720 square feet) and 1 1-bedroom apartment (643 square feet) on the first floor; and an upstairs 3-bedroom owners suite of 1552 square feet. Our unit sells at a price that allows FHA/VA mortgage insurance for prospective buyers.

Since Veterans Administration guaranteed mortgages do not require a down payment, the home owner can purchase our product knowing that the income stream from the 3 apartment units will cover the mortgage payment and even some operating expenses, making home ownership extremely affordable..

For the Coop Market we have also developed a stand-alone quad that can be connected to form a 8 or 16 unit “quad common.” Depending on the market, our quads for the Coop market range from 1 – 3 bedrooms + den. The size of our small Coop developments will range from 8 – 80 units, and our largest developments will range from 800 units to Coop Cities of 8,000 units. All of our Coop developments will contain commercial space providing an additional income stream for the Coop Members who collectively own the entire development.

Our Property Management division will manage the Coop properties that we develop and sell. We believe that it is important for EDC to manage what we build to insure that repairs and long term maintenance be properly executed.  The care, quality, and timeliness of maintenance can make or break the success of any real estate property. Our reputation for the highest standards of quality must, and will be continued.

Equimax Development Company operates on a unique business principle that no other builder/developer offers.  As part of our Operating Agreement, each fiscal year we will share a portion of our income with those consumers who purchased our products, and utilized our services in that fiscal year. Here is the wording that requires us to provide a PAR (Price Adjustment Refund) to our customers that year:

“It is understood and agreed that a minimum of 20% of Yearly earnings will be retained for Research, Business Development, and Contingency. The remaining Yearly earnings will be evenly divided, with 50% going to EDC’s customers that year, and the remaining 50% being distributed to EDC Members (25%) and EDC employees (25%). All Members, who are also employees, will receive their employee share, as well as their Member distribution of profits.”

EDC joint ventures with Community Development Corporations (CDCs), as well as Municipalities, that are dedicated to providing housing for their community.  By joint venturing and sharing profits with community-based organizations, as well as Municipalities, EDC is giving back to the community in very real terms. The Price Adjustment Refund (PAR), an integral part of our operation, is another sales strategy that we employ. EDC recognizes that the consumer is as important in the marketplace buy-sell transaction as is the producer. The producer and the consumer both need each other for a sale to occur, and EDC believes the consumer should participate in the success of the transaction.

Equimax Development Company LLC (EDC), is a full service New Jersey real estate developer/builder specializing in environmentally sustainable community development for the emerging multicultural market. Through the unique and extensive experience of its’ Members, EDC delivers a unique cost effective, environmentally sustainable product stream that includes workforce, market rate and luxury homes. Equimax Development Company is committed to building not just a house, or a home, but building “Communities of Tomorrow, Today.”

EDC addresses a market niche that is under-served and neglected by the major homebuilders in America. The Civil Rights Laws of 1965 and 1968, along with Affirmative Action laws over the last 30 years have significantly increased the number of middle and upper income African Americans seeking the American dream of home ownership. EDC satisfies the growing demand from upwardly mobile multicultural buyers for quality for sale housing. Our ability to accelerate value creation directly results from our disciplined approach, integrated services, and commitment to the principles of environmental sustainability and brand value.

Ernest Edwards, a Managing Member, was the first tract homebuilder to receive FHA/VA approval to utilize Heat Pumps as a home energy source; the first tract homebuilder to be designated an Energy Star® builder by the U.S. Environmental Protection Agency in the South Jersey market; and the first tract homebuilder to use Superior Walls® (pre-cast insulated concrete panels). We have, and will continue to lead the way in technological innovation for our industry. As homebuilders are now becoming “Green Builders”, we have already moved on to building communities utilizing the principles of “Environmental Sustainability.”