ACOF’s core mission is to develop affordable housing and to collaborate with community-based service agencies in offering residents a variety of on-site supportive services. Through this model ACOF is able to provide housing for homeless, disabled and very low-income persons – creating permanent, affordable housing and an environment that promotes stability.

ACOF has completed over 1,225 units in 33 properties, primarily throughout Los Angeles County, and has several properties in development. Twenty-eight (28) of the projects are currently in ACOF’s portfolio. Completed projects include substantial rehabilitation and new construction and range in size from 9 to 114 units. Total development costs for each project range from $600,000 to $14.6 million. ACOF secures all project financing, performs community outreach, assembles the project team and manages the project through all phases of development, construction activity and lease-up. Additionally, ACOF plays an active on-going role in the management of its properties including tenant selection, maintenance, resident manager selection and preparation of documentation required by investors.

ACOF functional staff areas include: project development; residential services; asset management; accounting and human resources. The project management staff is equipped with graduate degrees in urban planning, business, architecture, real estate finance, and possesses over 60 years of cumulative experience in affordable housing financing and development. The residential services staff has expertise in supportive services coordination, with cumulative experience in these functions exceeding 50 years.

ACOF has demonstrated its expertise in affordable housing development by structuring and securing over $200 million in financing from the Los Angeles Housing Department, Community Redevelopment Agency, State Department of Housing and Community Development.

Low Income Housing Tax Credits, HUD project-based Section 8 and Shelter Plus Care rental subsidies, HUD Supportive Housing Program capital grants, Affordable Housing Program subsidies, and conventional loans.

ACOF serves as developer and owner or managing general partner (in tax credit limited partnerships) for properties in Santa Monica, the Pico-Union, Hollywood, Koreatown, North Hills, South Los Angeles and Boyle Heights communities of Los Angeles as well as having direct involvement in two projects in San Diego and two in Orange County. ACOF has begun work on a new generation of projects to serve homeless and low-income persons.