What is Wakeland Housing & Development?
Wakeland Housing and Development Corporation is a prominent leader in California's affordable housing landscape, specializing in the creation and operation of high-quality residential multifamily developments. Since its inception in 1998, Wakeland has been instrumental in developing and preserving over 9,000 affordable homes. These developments serve as a critical foundation for health, stability, and opportunity for a diverse range of residents, including low-income working families, seniors, veterans, and individuals transitioning out of homelessness. Beyond providing housing, the organization offers comprehensive resident services designed to significantly enhance the quality of life for its clients, demonstrating a holistic approach to community transformation.
How much funding has Wakeland Housing & Development raised?
Wakeland Housing & Development has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Wakeland Housing & Development?
The substantial large-scale late-stage funding indicates Wakeland Housing & Development is poised for significant expansion and operational enhancement. This capital infusion is expected to fuel further development and preservation of affordable housing units across California, potentially increasing their portfolio and the reach of their impactful resident services. The strategic nature of this recent investment suggests a focus on long-term growth and strengthening their market leadership in addressing critical housing needs.
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