COVER STORY
The Top 50 Affordable Housing Developers
AFFORDABLE HOUSING FINANCE • MAY 2007
| RANK |
COMPANY/CONTACT |
ADDRESS/PHONE/WEB |
TAX CREDIT & TAX EXEMPT BOND DEALS 2006 UNIT STARTS/ UNIT COMPLETIONS |
REGION(S) |
ORGANIZATION TYPE |
21 |
LINC Housing Corp.
Suny Chang, assistant director of housing development
|
110 Pine Ave., Suite 500
Long Beach, CA 90802
(562) 684-1108
www.linchousing.org |
460/618 |
California |
Nonprofit |
| LINC Housing develops affordable housing throughout California. In 2006, the organization started its first for-sale housing project in Redding, Calif. LINC, which owns close to 4,000 affordable units, has about 800 units in the works
this year.
|
22 |
Beneficial Communities
Don Paxton, president
|
6455 Gateway Ave., Suite A
Sarasota, FL 34231
(941) 929-1270
www.beneficialcom.com
|
436/366 |
Northeast, Southeast |
For-profit |
| Established in 2001, Beneficial Communities started four tax credit or tax-exempt bond projects in 2006 and plans to start another six developments with more than 600 units in 2007. |
23 |
The Pacific Cos.
Caleb Roope, president & CEO
|
430 E. State St., Suite 100
Eagle, ID 83616
(208) 461-0022
www.tpchousing.com
|
424/506 |
West |
For-profit |
| The Pacific Cos. develops affordable housing throughout the Western U.S. The firm started seven developments in 2006. It expects to do even more in 2007, with plans to start 12 projects with more than 600 units. |
24 |
Realtex Development Corp.
Rick Deyoe, president
|
912 S. Capital of Texas Highway, Suite 200
Austin, TX 78746
(512) 306-9206
www.realtexdevelopment.com |
396/248 |
South Central |
For-profit |
| Realtex Development builds a variety of affordable housing products. In 2006, it partnered with five different public housing authorities on deals. In 2007, Realtex will focus on developing in Mississippi, where it is working with a housing authority to help rebuild the hurricane-damaged areas. |
25 |
Arlington Partnership for Affordable Housing
Douglas E. Peterson, executive director
|
2704 N. Pershing Drive
Arlington, VA 22201
(703) 276-2657
www.apah.org
|
383/ NA |
Arlington County, Va. |
Nonprofit |
| Founded in 1989, Arlington Partnership for Affordable Housing focuses on providing affordable housing opportunities to low- and moderate-income people in Arlington County, Va. It owns 514 units. |
26 |
Citizens Housing Corp.
James M. Buckley, president
|
26 O’Farrell St., Suite 600
San Francisco, CA 94108
(415) 421-8605
www.citizenshousing.org
|
350/92 |
California |
Nonprofit |
| Incorporated in 1992, Citizens Housing’s diverse portfolio includes transitional housing on a former naval base and historic buildings that have been readapted for affordable housing. It began construction on four affordable housing developments in 2006. |
27 |
AMCAL Multi-Housing, Inc.
Arjun Nagarkatti, executive vice president
|
30141 Agoura Road, Suite 100
Agoura Hills, CA 91301
(818) 706-0694
www.amcalhousing.com
|
343/474 |
California |
For-profit |
| AMCAL Multi-Housing has developed affordable housing in California since 1978. Its focus includes family and seniors housing. President Percival Vaz was recognized with the William F. McKenna Award in 2006 for his work in the industry. The award is presented by LINC Housing Corp. |
28 |
Cortland Partners
Steven DeFrancis, managing partner
|
260 Peachtree St., Suite 1001
Atlanta, GA 30303
(404) 965-3971
www.cortlandpartners.com
|
330/ NA |
South Central, Southeast |
For-profit |
| Cortland Partners started two housing tax credit or bond developments in 2006 and plans to start another four in 2007. One of the firm’s special areas of focus is urban redevelopment. |
29 |
Mid-Peninsula Housing Coalition
Fran Wagstaff, president
|
303 Vintage Park Drive, Suite 250
Foster City, CA 94404
(650) 356-2900
www.midpen-housing.org |
316/472 |
California |
Nonprofit |
| Mid-Peninsula Housing Coalition is one of the largest nonprofit affordable housing developers in the San Francisco and Monterey bay regions. In 2006, the organization broke ground on three developments. It plans to start three more projects in 2007. |
30 |
Aslan
Paul Widman, vice president
|
1031 Zorn Ave., Suite 1400
Louisville, KY 40207
(502) 253-3100
www.experienceaslan.com
|
308/362 |
Southeast, Midwest, South Central |
For-profit |
| Aslan began construction on four housing tax credit properties in four states in 2006, which will add more than 300 units to the firm’s portfolio. It plans to start another six affordable developments in 2007. |
|
