Awards

AHDC has received recognition for its resident initiative programs and the quality of its performance and housing products from numerous city governments, the California State Assembly, Governor Arnold Schwarzenegger, several members of the United States Congress, the White House Commission on Community Leadership, and President George W. Bush.

Our Partners and Investors

AHDC has accrued a prodigious knowledge of construction and debt financing during its years of operation. Over the past two decades, AHDC has been awarded approximately $180 million in low income housing tax credits (LIHTC), through the California Tax Credit Allocation Committee (CTCAC) and over $220 million in tax exempt bonds through the California Debt Limit Allocation committee (CDLAC) representing total tax credit and bond allocations of over $400 million in subsidy and over $515 million on construction costs and 5.6 million square feet built or rehabilitated. AHDC projects have been funded through sources such as:

Affordabel Housing Program (AHP)
City Governments and Housing Authorities
HOME Funds (for both City and CHDO programs)
Redevelopment Agency (RDA) Funds
MHP Funds
HUD Section 108 Loan Program
4% and 9% Tax Credit Programs
HUD Mixed Finance

Investors

Institutional Investors

R4 Captial
Centerline (formerly Related Capital)
Wells Fargo
National Equity Fund (NEF)
Wachovia
PNC Real Estate
Boston Financial Group
Union Bank
Central Valley Community Bank (CVCB)
California Community Reinvestment Corporation (CCRC)

Joint Venture

AHDC provides “turn-key” development services for third parties who lack the full development financing expertise or capacity to achieve their development goals.

As project developer, AHDC typically oversees all development, financing and construction of the project, and often takes responsibility for the financial risks associated with these functions. 

AHDC has worked with numerous non-profit organizations, housing authorities, cities and redevelopment agencies in developing affordable housing throughout California.

Central Valley Coalition for Affordable Housing (CVCAH)
Housing Authorities in Fresno, Merced and Butte County
Cities such as Stockton, Merced, Clovis, Fresno, Lemoore, Pasadena, etc.

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