Land Acquisition Criteria
The emphasis of AMCAL development is the rental Multi-Family and Senior housing segment, along with low to moderate-income ‘for-sale’ condominium, and zero lot line single-family or townhouse products.
AMCAL is consistently among the highest recipients of Federal Tax Credits in California. Amounting to nearly $425,000,000, these credits have funded 39 affordable developments throughout the state.
|LAND:||20,000 sf (infill) to 25 acres (B or C locations)|
|ZONING:||R3, R4, C1, C2, C3, C4, CM|
|LOCATIONS:||Throughout California located in Redevelopment, Federal Renewal, Empowerment or Enterprise Zones|
|OTHER LAND INTEREST:||Industrial land located in a Transit-Oriented District|
Before: Villas del Lago Apartments, Los Angeles
After: Villas del Lago Apartments, Los Angeles
AMCAL has closed 12 escrows in southern, central and northern California since 2008. Total value of land is $31,500,000.
AMCAL has the backing of major financiers for urban, suburban and rural developments throughout California. Despite the economic recession, large institutions solicit AMCAL for equity and debt and enable the company to complete land and partnership closings in a timely manner.