43 Years of Real Estate Development Success
Celebrating 43 years of real estate development success, AMCAL develops affordable, market-rate and student rental housing in California, Texas and Washington that improves the lives of residents and enhances their futures. Incorporating outstanding design, topflight amenities, quality construction and sustainable building standards, AMCAL apartments are long-term community assets sought after by tenants, municipalities and universities.
AMCAL has been a leader in designing, financing, building and managing affordable housing projects since 1999 in California, since 2012 in Texas and since 2018 in Washington. Developing and building affordable housing requires sophisticated finance skills and entails substantial government oversight. AMCAL is among a handful of developers that is committed to working with communities to meet the growing demand for this crucial housing.
AMCAL builds traditional market-rate multi-family housing on appropriate properties identified by location, demand and market feasibility. These projects are designed to provide contemporary and comfortable living environments with extensive shared amenities.
College enrollments are growing rapidly but student housing has not kept pace. Recognizing that it could translate its multi-family skills to developing topflight student housing and give schools a competitive advantage, AMCAL entered this market in 2012 and is already a preferred provider among California universities.
In addition to developing affordable housing, student housing and luxury market-rate apartments, AMCAL has re-entered the workforce housing arena, typically defined as housing for people earning between 60 to 120 percent of a county’s area median income (AMI). Workforce housing (a scarce resource), gives middle-wage earners the ability to live in amenity-rich apartment communities close to their jobs and in excellent school districts, and eases the rent burden on workers who are either saddled with paying a high percentage of their income on rent or are typically priced out of market-driven, high-priced communities.