Who's building affordable housing in California?

Track records for leading LIHTC developers — sourced from TCAC award data and enriched with HCD Annual Progress Reports. SPV-unwound sponsor attribution.

Also see: Property manager rankings →

347,995
LI units built
4,306
TCAC projects
63,991
Units in pipeline
775
Developers tracked
536
Cities represented

Developer leaderboard

775 developers tracked — ranked by total low-income units built. Showing 176200.

Browse affordable housing developers by city →

176
Housing Alternatives, Inc.
14 projects · 10 JVs
75% JV
700
units
Completed TCAC projects (6 of 14)
Villa Siena ApartmentsPorterville69 unitsJV
Jackson CornerstoneJackson62 unitsJV
Kimball CrossingRed Bluff55 unitsJV
Whitmore Oaks ApartmentsCeres52 unitsJV
Red Bluff MeadowsRed Bluff51 unitsJV
Tehachapi Senior I and Shafter Senior ManorTehachapi69 unitsJV
+ 8 more projects
177
Housing Authority of the County of Kern
12 projects · 12 JVs
100% JV+572 pipeline
695
units
Completed TCAC projects (6 of 12)
Maganda ParkDelano20 unitsJV
Greenfield HomesBakersfield35 unitsJV
Adelante VistaBakersfield139 unitsJV
Delano RADDelano106 unitsJV
Residences at East HillsBakersfield80 unitsJV
Rio VistaBakersfield69 unitsJV
+ 6 more projects
178
South County Housing
12 projects · 3 JVs
24% JV
695
units
Completed TCAC projects (6 of 12)
Seacliff Highlands ApartmentsAptos38 units
Jasmine Square ApartmentsMorgan Hill71 units
Vista Meadows Senior ApartmentsHollister71 units
Corralitos Creek ApartmentsFreedom63 units
Nuevo Amanecer ApartmentsPajaro62 unitsJV
Sobrato Transitional ApartmentsGilroy59 unitsJV
+ 6 more projects
179
Step Forward Communities
5 projects · 5 JVs
100% JV
695
units
Completed TCAC projects (5)
The AlexandriaLos Angeles461 unitsJV
Virginia TerraceBarstow75 unitsJV
Casa Sonoma ApartmentsCalexico67 unitsJV
Vista Hidden Valley ApartmentsVista49 unitsJV
Hacienda Del Norte ApartmentsPaso Roles43 unitsJV
180
1755 EFM 2, LLC
3 projects · 3 JVs
100% JV
694
units
Completed TCAC projects (3)
Lexington Apartments (LA Preservation III) (Site A)Los Angeles241 unitsJV
Concord Apartments (Site A)Los Angeles232 unitsJV
Windward Apartments (Site A)Los Angeles221 unitsJV
181
Cyrus Youssefi, Individually
6 projects · 6 JVs
100% JV
693
units
Completed TCAC projects (6)
Harbor Park ApartmentsWest Sacramento294 unitsJV
Poso PlaceWasco80 unitsJV
Hidden Creek ApartmentsCrescent City80 unitsJV
Galt Place Senior ApartmentsGalt80 unitsJV
La AmistadArvin79 unitsJV
Warthan Place ApartmentsCoalinga80 unitsJV
182
Affordable Housing Associates
15 projects · 15 JVs
100% JV
693
units
Completed TCAC projects (6 of 15)
The Orchards on FoothillOakland64 unitsJV
Ashby LoftsBerkeley53 unitsJV
Petaluma Avenue HomesSebastopol44 unitsJV
Sacramento Senior HomesBerkeley39 unitsJV
Allston HouseBerkeley39 unitsJV
Madison ApartmentsOakland78 unitsJV
+ 9 more projects
183
Allied Housing, Inc.
9 projects · 3 JVs
21% JV+167 pipeline
692
units
Completed TCAC projects (6 of 9)
34320 Fremont Family ApartmentsFremont53 units
Bridgeway East aka Rotary BridgewayFremont18 unitsJV
Laguna Commons Fremont63 unitsJV
City Center ApartmentsFremont59 units
Main Street ApartmentsFremont63 unitsJV
Irvington Senior ApartmentsFremont89 units
+ 3 more projects
184
ADK Properties LLC
13 projects · 13 JVs
100% JV+96 pipeline
685
units
Completed TCAC projects (6 of 13)
Kennett Court ApartmentsRedding46 unitsJV
Block 7 Downtown ApartmentsRedding77 unitsJV
Bruce Village CommonsChico59 unitsJV
Kennett Court Apartments Phase IIRedding47 unitsJV
Center of Hope ApartmentsRedding48 unitsJV
Mono ApartmentsOroville46 unitsJV
+ 7 more projects
185
FF Development LP
3 projects · 3 JVs
100% JV
685
units
Completed TCAC projects (3)
Muirlands at Windemere ApartmentsSan Ramon349 unitsJV
Walden Glen ApartmentsBuena Park185 unitsJV
Turnleaf ApartmentsSan Jose151 unitsJV
186
BETTER HOUSING FOUNDATION
9 projects · 4 JVs
22% JV
683
units
Completed TCAC projects (6 of 9)
Summerfield Village Apartments (Site A)Sacramento40 unitsJV
Vista Park Chino ApartmentsChino39 unitsJV
Duarte Manor ApartmentsDuarte40 unitsJV
Preservation III (Site A)Los Angeles · 202544 units
La Brea GardensLos Angeles · 2025182 units
Preservation IVLos Angeles · 202529 unitsJV
+ 3 more projects
187
Housing Authority of Fresno County, California
12 projects · 12 JVs
100% JV
682
units
Completed TCAC projects (6 of 12)
Mendota Rental Assistance Demonstration (RAD) (Site A)Mendota123 unitsJV
Orange Cove Rental Assistance Demonstration (RAD) (Site A)Orange Cove87 unitsJV
Kings River CommonsReedley59 unitsJV
Willow & Alluvial Family ApartmentsClovis59 unitsJV
Esperanza CommonsMendota59 unitsJV
Oak GroveParlier55 unitsJV
+ 6 more projects
188
St. Anton Partners, LLC
5 projects · 5 JVs
100% JV
679
units
Completed TCAC projects (5)
Churchill Downs ApartmentsSacramento163 unitsJV
Whitney Ranch ApartmentsRocklin155 unitsJV
Saratoga Senior Apartments Phase IIVacaville119 unitsJV
Sycamore Pointe AptsWoodland · 2019135 unitsJV
Saratoga Senior AptsVacaville · 2019107 unitsJV
189
Casa Familiar, Inc.
3 projects · 3 JVs
100% JV
669
units
Completed TCAC projects (3)
Villa Nueva ApartmentsSan Ysidro395 unitsJV
Brisa Del Mar Village ApartmentsChula Vista105 unitsJV
Bella Vista ApartmentsSan Diego169 unitsJV
190
Rainbow - California Nine, LLC
8 projects · 8 JVs
100% JV
669
units
Completed TCAC projects (6 of 8)
LA Pro I Apts. (Site A)Los Angeles119 unitsJV
Pioneer Village ApartmentsBakersfield84 unitsJV
Jackson Hills ApartmentsJackson80 unitsJV
Columbus Square Apts.North Hills63 unitsJV
Wadsworth Park Apartments (Site A)Los Angeles20 unitsJV
Norwalk Towers ApartmentsNorwalk183 unitsJV
+ 2 more projects
191
W.O.R.K.S.
10 projects · 10 JVs
100% JV
668
units
Completed TCAC projects (6 of 10)
Ingram Preservation (Site A)Los Angeles135 unitsJV
Camino Al OroLos Angeles100 unitsJV
Villa Serena ApartmentsLos Angeles83 unitsJV
Palo Verde Apartments fka Regency ApartmentsPalmdale77 unitsJV
Andalucia HeightsLos Angeles74 unitsJV
Rosa Parks VillasLos Angeles59 unitsJV
+ 4 more projects
192
Turk Street Inc.
6 projects · 6 JVs
100% JV
665
units
Completed TCAC projects (6)
Folsom/Dore ApartmentsSan Francisco96 unitsJV
Alabama Street Family HousingSan Francisco92 unitsJV
Alabama Street Senior HousingSan Francisco24 unitsJV
220 Golden Gate AvenueSan Francisco172 unitsJV
The West HotelSan Francisco · 2025104 unitsJV
Dalt HotelSan Francisco · 2019177 unitsJV
193
Assisted Living Foundation of America
6 projects · 6 JVs
100% JV
661
units
Completed TCAC projects (6)
Grandon Village ApartmentsSan Marcos160 unitsJV
Rancho Santa Fe VillageSan Marcos119 unitsJV
Miramar VillageLos Angeles113 unitsJV
Las Flores VillageSan Marcos99 unitsJV
Bonnie Brae VillageLos Angeles91 unitsJV
Las Ventanas VillageEscondido79 unitsJV
194
PSCDC
6 projects · 5 JVs
97% JV
648
units
Completed TCAC projects (6)
Monterey Pines ApartmentsRichmond321 unitsJV
Ethan Terrace ApartmentsSacramento91 unitsJV
Buckingham Apartments (Site A)Los Angeles83 unitsJV
Deliverance Temple I & IIRichmond80 unitsJV
De Anza II ApartmentsCalexico53 unitsJV
Morro Del Mar Senior ApartmentsMorro Bay20 units
195
Palm Desert Development Company
9 projects · 9 JVs
100% JV
647
units
Completed TCAC projects (6 of 9)
Cottonwood Place IVMoreno Valley45 unitsJV
Mission Palms IIRubidoux91 unitsJV
San Jacinto VillasSan Jacinto80 unitsJV
Mission Palms IRubidoux108 unitsJV
Rancho Dorado II Family ApartmentsMoreno Valley70 unitsJV
San Remo ApartmentsHesperia64 unitsJV
+ 3 more projects
196
A.F. Evans Company, Inc.
5 projects · 5 JVs
100% JV
639
units
Completed TCAC projects (5)
Azure Park ApartmentsSacramento217 unitsJV
Parkview Terrace Senior HousingSan Francisco100 unitsJV
Martin Luther King SquareFresno91 unitsJV
Ping Yuen CenterSacramento81 unitsJV
Marlton ManorSan Francisco · 2024150 unitsJV
197
The John Stewart Company
6 projects · 6 JVs
100% JV
638
units
Completed TCAC projects (6)
Monte Alban ApartmentsSan Jose191 unitsJV
Cypress Springs ApartmentsRiverside99 unitsJV
Village East ApartmentsStockton187 unitsJV
Heritage CommonsDixon59 unitsJV
Heritage Commons Phase 2Dixon53 unitsJV
John Burton Foundation Housing ComplexSan Francisco · 201849 unitsJV
198
Klein Financial Corporation
4 projects · 4 JVs
100% JV+74 pipeline
633
units
Completed TCAC projects (4)
Heritage Estates Retirement CommunityLivermore103 unitsJV
Westridge At HilltopRichmond396 unitsJV
Harbor Park ApartmentsVallejo73 unitsJV
Kensington ApartmentsSacramento61 unitsJV
199
Rural Communities Housing Development Corporation
15 projects · 6 JVs
48% JV+31 pipeline
624
units
Completed TCAC projects (6 of 15)
Seabreeze ApartmentsCrescent City55 unitsJV
Seagull Villa ApartmentsCrescent City49 unitsJV
Orchard VillageUkiah47 unitsJV
River Gardens ApartmentsFort Bragg47 unitsJV
Totem Villa ApartmentsCrescent City37 unitsJV
Orchard Manor ApartmentsUkiah63 unitsJV
+ 9 more projects
200
Valued Housing II, LLC
7 projects · 7 JVs
100% JV+31 pipeline
622
units
Completed TCAC projects (6 of 7)
St. John ManorBakersfield78 unitsJV
Crescent Villages (Site A)Los Angeles142 unitsJV
New Hope HomeLong Beach139 unitsJV
Watts Athens - (Site A)Los Angeles98 unitsJV
Mission VillageLos Angeles83 unitsJV
West Angeles HomesLos Angeles43 unitsJV
+ 1 more projects

Development model breakdown

Share of units built as sole sponsor vs. joint venture — developers 176200.

Housing Alternatives, Inc.
25% sole sponsor75% JV
Housing Authority of the County of Kern
0% sole sponsor100% JV
South County Housing
76% sole sponsor24% JV
Step Forward Communities
0% sole sponsor100% JV
1755 EFM 2, LLC
0% sole sponsor100% JV
Cyrus Youssefi, Individually
0% sole sponsor100% JV
Affordable Housing Associates
0% sole sponsor100% JV
Allied Housing, Inc.
79% sole sponsor21% JV
ADK Properties LLC
0% sole sponsor100% JV
FF Development LP
0% sole sponsor100% JV
BETTER HOUSING FOUNDATION
78% sole sponsor22% JV
Housing Authority of Fresno County, California
0% sole sponsor100% JV
St. Anton Partners, LLC
0% sole sponsor100% JV
Casa Familiar, Inc.
0% sole sponsor100% JV
Rainbow - California Nine, LLC
0% sole sponsor100% JV
W.O.R.K.S.
0% sole sponsor100% JV
Turk Street Inc.
0% sole sponsor100% JV
Assisted Living Foundation of America
0% sole sponsor100% JV
PSCDC
3% sole sponsor97% JV
Palm Desert Development Company
0% sole sponsor100% JV
A.F. Evans Company, Inc.
0% sole sponsor100% JV
The John Stewart Company
0% sole sponsor100% JV
Klein Financial Corporation
0% sole sponsor100% JV
Rural Communities Housing Development Corporation
52% sole sponsor48% JV
Valued Housing II, LLC
0% sole sponsor100% 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.