Sowing seeds to grow more affordable housing
| AHCDC was established to provide low and moderate-income families and senior citizens with decent, affordable housing. AHCDC continues to fulfill this commitment through direct property development and ownership, social service coordination, arrangement and provision of financing, and by offering a variety of real estate consulting services to public agencies and charitable organizations. The organization is currently focused on meeting three significant challenges faced by the affordable housing community: Preserving affordability in existing properties where use restrictions are set to expire and conversion to market-rate would otherwise ensue. Expanding the supply of quality, community-enhancing rental housing through conscientious design principles and collaboration with local governments. Partnership with established service organizations to expand the supply of service-enriched housing for special needs segments of the population. AHCDC is addressing these issues through property acquisition, financial restructuring, and asset management advisory services. Currently, AHCDC owns and operates more than 4,300 units in over 25 affordable housing communities throughout California and Washington. |
| AFFORDABLE HOUSING CDC, INC. (AHCDC) IS A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION FORMED IN 1992. THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT 501(C)(3) STATUS BY THE IRS AND STATE OF CALIFORNIA. |