Housing provision is an integrated network of stakeholders, resources, institutions, and regulations. This study explores the stakeholder analysis approach through grounded theory to rationalize the stakeholder influence and role in developing collaborative frameworks for the sustainable provision of low-income housing in Pakistan. This study aims to theorize the Institutional Stakeholder Collaborations (ISCs) conceptual framework derived from institutional, stakeholder, collaboration, and resource dependence theories. The research also presents an interesting feature, i.e. stakeholder-resource cross-tabulation in achieving the research objective to develop the ISCs theory by placing core categories against stakeholder categories and resource domains. Stakeholder mapping plotted the influence against attributes of power, legitimacy, and interest (PLI) within the context of low-income housing in Punjab, Pakistan. The new theory was generated from the grounded data as a collaborative model for the sustainable provision of low-income housing, i.e., the Malik ISCs Model. This informed discovery of collaboration through the Malik ISCs Model for effectively providing low-income housing projects suggests some key points for the broader global policy discourse of housing development, emphasizing the low-income segment.