Track records for leading LIHTC developers — sourced from TCAC award data and enriched with HCD Annual Progress Reports. SPV-unwound sponsor attribution.
Garden Valley Homes 1 ApartmentsSan Joaquin68 unitsJV
Hallmark ApartmentsLamont47 unitsJV
Tulare Arms ApartmentsShafter47 unitsJV
+ 5 more projects
245
AHA Inland III MGP, LLC
2 projects · 1 JVs
71% JV
499
units
Completed TCAC projects (2)
River Run Senior ApartmentsCorona356 unitsJV
Shadow Palms ApartmentsIndio · 2025143 units
246
Japanese-American Religious Federation Housing, In
6 projects · 6 JVs
100% JV
497
units
Completed TCAC projects (6)
1880 PineSan Francisco112 unitsJV
1760 BushSan Francisco107 unitsJV
JFK TowerSan Francisco97 unitsJV
491 31st Ave San Francisco74 unitsJV
345 ArguelloSan Francisco68 unitsJV
2698 CaliforniaSan Francisco39 unitsJV
247
Advanced Development & Investment, Inc.
10 projects · 10 JVs
100% JV
495
units
Completed TCAC projects (6 of 10)
Geneva VillageFresno139 unitsJV
Metropolitan City LightsGlendale64 unitsJV
Vermont City LightsLos Angeles58 unitsJV
Westwood VistasWest Sacramento50 unitsJV
Main Street VistasLos Angeles48 unitsJV
Maryland HeightsLos Angeles44 unitsJV
+ 4 more projects
248
PH Canyon Crest Holdings, LLC
5 projects · 5 JVs
100% JV+430 pipeline
494
units
Completed TCAC projects (5)
Park Village ApartmentsCompton162 unitsJV
Canyon Crest Family ApartmentsFresno117 unitsJV
Orvieto BSan Jose105 unitsJV
PalmdaliaPalmdale63 unitsJV
2525 El Camino Senior ApartmentsSanta Clara47 unitsJV
249
AHA MGP Los Angeles V, LLC
5 projects · 5 JVs
100% JV
494
units
Completed TCAC projects (5)
Flores Del Valle ApartmentsLos Angeles144 unitsJV
Tesoro Del ValleLos Angeles119 unitsJV
Camino Al OroLos Angeles100 unitsJV
Villa Serena ApartmentsLos Angeles83 unitsJV
Casa De AngelesLos Angeles48 unitsJV
250
MP Preservation Inc.
5 projects · 2 JVs
24% JV
494
units
Completed TCAC projects (5)
Main Street ApartmentsFremont63 unitsJV
Tyrella GardensMountain View55 unitsJV
Homestead ParkSunnyvale · 2023209 units
Tice OaksWalnut Creek · 202390 units
Runnymeade GardensEast Palo Alto · 202377 units
Development model breakdown
Share of units built as sole sponsor vs. joint venture — developers 226–250.
EBALDC
20% sole sponsor80% JV
Enhanced Affordable Development
0% sole sponsor100% JV
The Related Companies of CA
14% sole sponsor86% JV
Volunteers of America National Services
0% sole sponsor100% JV
Eden Investments, Inc.
28% sole sponsor72% JV
Housing On Merit XIV, LLC
25% sole sponsor75% JV
MP Santa Clara, Inc.
46% sole sponsor54% JV
Heartstone/PWC JV, LLC
0% sole sponsor100% JV
Affordable Housing USA
68% sole sponsor32% JV
Valley Initiative for Affordable Housing
0% sole sponsor100% JV
RHAC - Valley, LLC
0% sole sponsor100% JV
The Hampstead Group, Inc.
0% sole sponsor100% JV
PacH San Jose Holdings, LLC
0% sole sponsor100% JV
Cyrus Youssefi
0% sole sponsor100% JV
AHA MGP Los Angeles VI, LLC
0% sole sponsor100% JV
SHE_CEF1 Inc.
19% sole sponsor81% JV
GP
0% sole sponsor100% JV
West Coast Redevelopment, Inc.
0% sole sponsor100% JV
DFA Development
0% sole sponsor100% JV
AHA Inland III MGP, LLC
29% sole sponsor71% JV
Japanese-American Religious Federation Housing, In
0% sole sponsor100% JV
Advanced Development & Investment, Inc.
0% sole sponsor100% JV
PH Canyon Crest Holdings, LLC
0% sole sponsor100% JV
AHA MGP Los Angeles V, LLC
0% sole sponsor100% JV
MP Preservation Inc.
76% sole sponsor24% JV
Top cities by affordable units built
Concentrated production across these California cities by the tracked developers.
#1Los Angeles
587 projects
39,112 units
#2San Francisco
185 projects
18,181 units
#3San Jose
146 projects
17,446 units
#4Sacramento
130 projects
15,221 units
#5San Diego
150 projects
15,189 units
#6Oakland
85 projects
7,539 units
#7Fresno
65 projects
6,240 units
#8Bakersfield
54 projects
4,383 units
#9Long Beach
41 projects
4,289 units
#10Santa Rosa
50 projects
4,013 units
#11Anaheim
42 projects
3,766 units
#12Richmond
23 projects
3,323 units
Units in pipeline
Preliminary Reservation projects (awarded but not yet placed in service).
Pacific West Communities, Inc.
8,474
TPC Holdings IX, LLC
8,474
Central Valley Coalition for Affordable Housing
7,306
Riverside Charitable Corporation
2,984
Meta Housing Corporation
2,854
Community Revitalization and Development Corporation
2,368
USA Multifamily Development, Inc.
2,328
Affirmed Housing Group, Inc.
2,143
PacH San Jose Holdings, LLC
2,104
CFAH Housing, LLC
1,906
Pacific Southwest Community Development Corporation
1,690
National Community Renaissance of California
1,673
Eden Housing, Inc.
1,582
Chelsea Investment Corporation
1,513
Las Palmas Foundation
1,464
Pacific Housing, Inc.
1,403
ROEM Development Corporation
1,265
CRP Affordable Housing
1,253
Mercy Housing California
1,187
MRK Partners, Inc.
1,167
JEMCOR Development Partners, LLC
1,146
BRIDGE Housing Corporation
1,140
Danco Communities
1,108
Community Development Partners
1,052
Corporation for Better Housing
985
About this data
Stats are derived from TCAC (California Tax Credit Allocation Committee) Low-Income Housing Tax Credit award records, enriched with HCD Annual Progress Reports (APR) joined on Assessor Parcel Numbers. Attribution uses SPV-unwinding — project-specific LLCs are collapsed into their controlling parent sponsors. "APR confirmed" units reflect buildings with a certificate of occupancy recorded in the HCD APR. Data covers 775 developers with 2+ built projects through 2025. "Pipeline" = Preliminary Reservation stage (TCAC award issued, project not yet placed in service). JV = joint venture where two or more independent sponsors share the tax credit project. The headline totals (units, projects, pipeline) count each project once — JV projects are de-duplicated by TCAC application number — while the developer leaderboard credits every co-sponsor's involvement, so per-developer unit counts add up to more than the distinct statewide totals.
⚠ Scope: Primary source is TCAC LIHTC award data. It does not include affordable housing financed solely through HUD HOME loans, Section 8 project-based contracts, USDA Rural Development, local redevelopment funds, or bond financing without a tax credit award. Developers can submit non-TCAC projects via their dashboard; those verified by our team are included and marked self-reported in the leaderboard. Developers whose portfolios include a significant share of non-LIHTC affordable housing may still show lower counts than their own websites until those projects are submitted and approved.
