AMCAL has developed quality housing throughout California since 1978.
In recent years, AMCAL has focused on the affordable housing sector, including family and senior apartments. Inclusionary housing that provides the affordable housing for master plans in Orange County and the San Francisco Bay area also are being developed. New for-sale workforce housing is being built at infill locations in emerging urban neighborhoods.
During the past several years, AMCAL has developed, or is currently in the planning process of building and developing 4,827 affordable rental and for-sale units. The new housing is located throughout California, including Santa Barbara County, Simi Valley, Pomona, Victorville, Coachella, Rancho Palos Verdes, Palmdale, Oakland, Sacramento, San Diego, the San Joaquin Valley, the Bay Area, and numerous urban revitalization projects in central Los Angeles and the San Fernando Valley.
The value of AMCAL housing completed or under construction exceeds $1,000,000,000. Financing is based on allocations of Low-Income Housing Tax Credits, local public agency funding, and traditional institutional equity and bank loans. Since 1995, AMCAL has been awarded among the highest allocations of state and federal tax credits in California, valued at $631,351.453.
Strong financial institutions are impressed by AMCAL’s competence and regularly partner on for-sale and rental product, including Bank of America, Chase, Union Bank, Raymond James, Hudson Housing Capital, SunAmerica Affordable Housing Partners, Genesis Workforce Housing Fund (Phoenix Realty Group), Wells Fargo, Citibank Community Development, California Bank and Trust, John Hancock Life Insurance and Verizon Capital.
Award-winning architects are partners at the earliest stages of planning, including Withee Malcolm, MVE, William Hezmalhalch, Van Tilburg, Banvard and Soderbergh, Newman Garrison Gilmour + Partners and KTGY Group. Design excellence and sustainable/green elements are incorporated into every community, and AMCAL has won numerous awards for its rental and for-sale products.
Award-winning housing includes Mirandela apartments, which was honored by the BIA as the best senior housing in southern California in 2011. The Royale apartments in Westminster and Avenida Villas in Anaheim were honored as Projects of the Year in Orange County by the Kennedy Commission. Multifamily Executive magazine selected two San Diego brownfield developments, Los Vientos and Mission, as “Project of the Year – Best Re-use of Land.” In 2007, the “Avenue 26 Master Plan” with 534 units of workforce condominiums and affordable apartments won Multifamily Executive magazine’s “Editors Choice – Project of the Year” award and the NAHB’s “Innovation in Workforce Housing” award.
The Castelar Apartments in Chinatown was named a “Best of Downtown” new affordable development in 2004. Positano in Santa Barbara won the National Association of Housing and Redevelopment Officials Award, and Canyon Cove for sale development in Oak Park won several Elan Awards in the 1990s.
AMCAL’s affordable developments offer amenities similar to market-rate projects. Computer centers, job skills training, childcare, English language lessons and senior services are available at most new communities.
AMCAL is vertically integrated with acquisition, development, finance, asset management, and construction departments, which results in efficiencies and cost savings. From land acquisition to design, to the coordination with municipalities and final construction, AMCAL communities always look and feel like market-rate developments.
Quality is built in, and with AMCAL, ‘affordable’ never means less.
“Delivering the Dream”