Track records for leading LIHTC developers — sourced from TCAC award data and enriched with HCD Annual Progress Reports. SPV-unwound sponsor attribution.
Lake Isabella Senior ApartmentsLake Isabella · 202546 unitsJV
California AptsSan Joaquin · 202441 unitsJV
San Joaquin ApartmentsSan Joaquin · 202438 unitsJV
Soledad Senior AptsSoledad · 202439 unitsJV
+ 7 more projects
290
Housing Authority of the County of Santa Clara
3 projects · 3 JVs
100% JV
426
units
Completed TCAC projects (3)
Rincon Gardens - A Senior Housing DevelopmentCampbell198 unitsJV
Poco Way ApartmentsSan Jose129 unitsJV
Villa San PedroSan Jose99 unitsJV
291
Ionic Enterprises, Inc.
3 projects · 3 JVs
100% JV
424
units
Completed TCAC projects (3)
Arena Seniors ApartmentsSacramento238 unitsJV
Fair Oaks Senior ApartmentsFair Oaks107 unitsJV
Gold Country VillageGrass Valley79 unitsJV
292
The Reliant Group, Inc.
5 projects · 5 JVs
100% JV
424
units
Completed TCAC projects (5)
Sherwood VillaVictorville100 unitsJV
Willow VillageRialto99 unitsJV
Sierra Villa EastLancaster90 unitsJV
Fernwood Senior ApartmentsLancaster75 unitsJV
College Park ApartmentsLancaster60 unitsJV
293
Step Up On Second, Inc.
7 projects · 7 JVs
100% JV
420
units
Completed TCAC projects (6 of 7)
Step Up on Fifth ApartmentsSanta Monica44 unitsJV
West Third ApartmentsLos Angeles136 unitsJV
Building 205Los Angeles67 unitsJV
Building 209Los Angeles54 unitsJV
Building 208Los Angeles53 unitsJV
Broadway ApartmentsLos Angeles34 unitsJV
+ 1 more projects
294
Hearthstone CA Properties I, LLC, a CA ltd liabili
3 projects · 3 JVs
100% JV
418
units
Completed TCAC projects (3)
Copper Square ApartmentsLancaster201 unitsJV
Esencia NorteRancho Mission Viejo111 unitsJV
Sendero BluffsRancho Mission Viejo106 unitsJV
295
AOF HUNT 12, LLC
11 projects · 4 JVs
36% JV
415
units
Completed TCAC projects (6 of 11)
Broadway VistasLos Angeles20 unitsJV
Happy Valley City LightsLos Angeles · 202456 units
Mission City LightsLos Angeles · 202436 units
Angels City LightsLos Angeles · 202339 units
Wilshire City LightsLos Angeles · 202317 units
Gateway City LightsLos Angeles · 202356 units
+ 5 more projects
296
Housing Dev.
3 projects · 3 JVs
100% JV
414
units
Completed TCAC projects (3)
River Run Senior ApartmentsCorona356 unitsJV
Home Front at Camp AnzaRiverside29 unitsJV
Gabreila ApartmentsSan Francisco · 202129 unitsJV
297
Sacramento Housing Authority Repositioning Program
3 projects · 2 JVs
54% JV
413
units
Completed TCAC projects (3)
Central City I (Site 1)Sacramento188 units
Twin Rivers Block B and ESacramento122 unitsJV
Twin Rivers Block ASacramento · 2023103 unitsJV
298
Japanese American Religious Federation Housing Inc
3 projects · 3 JVs
100% JV
413
units
Completed TCAC projects (3)
Nihonmachi TerraceSan Francisco232 unitsJV
1760 BushSan Francisco107 unitsJV
491 31st Ave San Francisco74 unitsJV
299
Rainbow Housing Assitance Corporation
2 projects · 2 JVs
100% JV
411
units
Completed TCAC projects (2)
Point Natomas ApartmentsSacramento336 unitsJV
Bellwood Park ApartmentsSacramento75 unitsJV
300
LTSC Community Development Corporation
9 projects · 4 JVs
30% JV+430 pipeline
411
units
Completed TCAC projects (6 of 9)
LDK Senior Apartments (Site B)Los Angeles0 unitsJV
HFL Sequoia ApartmentsVan Nuys24 unitsJV
36th Street & Broadway Apartments (Site B)Los Angeles0 unitsJV
Far East BuildingLos Angeles15 units
Professional Housing & Development Apts (Site A)Los Angeles82 units
Menlo Family HousingLos Angeles59 units
+ 3 more projects
Development model breakdown
Share of units built as sole sponsor vs. joint venture — developers 276–300.
People's Self-Help Housing Corporation
48% sole sponsor52% JV
Shaw Housing Partners, a CA limited Partnership
0% sole sponsor100% JV
Building Better Partnerships, Inc.
0% sole sponsor100% JV
Foundation for Affordable Housing III
23% sole sponsor77% JV
BlueGreen Preservation
0% sole sponsor100% JV
West Coast Redevelopers, LLC
0% sole sponsor100% JV
MDG Properties LLC
100% sole sponsor0% JV
Housing Development Partners of San Diego
17% sole sponsor83% JV
CHOC
40% sole sponsor60% JV
COR F3 FNMA, LLC
0% sole sponsor100% JV
HumanGood Affordable Housing
22% sole sponsor78% JV
Mission Economic Develo
0% sole sponsor100% JV
AHA MGP Delta I, LLC
0% sole sponsor100% JV
John P. Casper
0% sole sponsor100% JV
Housing Authority of the County of Santa Clara
0% sole sponsor100% JV
Ionic Enterprises, Inc.
0% sole sponsor100% JV
The Reliant Group, Inc.
0% sole sponsor100% JV
Step Up On Second, Inc.
0% sole sponsor100% JV
Hearthstone CA Properties I, LLC, a CA ltd liabili
0% sole sponsor100% JV
AOF HUNT 12, LLC
64% sole sponsor36% JV
Housing Dev.
0% sole sponsor100% JV
Sacramento Housing Authority Repositioning Program
46% sole sponsor54% JV
Japanese American Religious Federation Housing Inc
0% sole sponsor100% JV
Rainbow Housing Assitance Corporation
0% sole sponsor100% JV
LTSC Community Development Corporation
70% sole sponsor30% 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.
