Aof/pacific Affordable Housing

AOF/Pacific Affordable Housing Corp is a managing general partner operating over 80 limited partnerships and limited liability companies across California, Oregon, and Washington State, focused on acquiring, developing, rehabilitating, and operating apartment complexes serving seniors and moderate to low-income individuals and families. The organiz... ation leverages public and private partnerships with municipal agencies to facilitate land acquisition and construction financing, with a substantial portion of its multifamily portfolio financed through the Low Income Housing Tax Credit (LIHTC) program. AOF/Pacific ensures all properties are managed by experienced affordable housing management companies with demonstrated expertise in LIHTC compliance requirements and operational excellence. In addition to its multifamily development activities, the corporation has completed over 120 acquisitions, rehabilitations, and sales of one- to four-unit single-family homes using FHA 203(k) acquisition and rehabilitation loans and conventional financing alternatives, predominantly in Southern California revitalization areas including Los Angeles, Compton, Long Beach, Santa Ana, Rialto, Fontana, and Ontario. Approximately 90 percent of these single-family homes were sold to families earning 115 percent or less of area median income adjusted for family size, demonstrating the organization's commitment to serving underserved populations. AOF/Pacific has successfully obtained grants from various municipalities to support property acquisition and has contributed these funds to its limited partnerships, strengthening project feasibility and community impact. The corporation maintains extensive working relationships with construction, marketing, and sales companies across multiple industries, enabling it to bring comprehensive expertise and operational knowledge to each project. Through its combination of multifamily and single-family affordable housing development, strategic use of tax credit financing, municipal partnerships, and ...Read More