Previous and Future Work

678 Ralston Ave

Belmont CA 94002

The Ridge At Ralston

  • $60,500,000.00

  • The project will replace the dry-cleaning business at 678 Ralston Avenue, Belmont, with a 65-unit affordable housing building. The eight-story structure will include 30 one-bedroom, 18 two-bedroom, and 17 three-bedroom units, with 19 parking spaces and 64 bike spots. It will offer 100% affordable housing for 55 years, costing $61.3 million, including $4.4 million in HOME-APR funds for 17 units reserved for homeless households.

Aerial view of a city street with buildings, trees, and parking lots, showing a highlighted parcel of land outlined in red.

951 Old County RD

Belmont CA 94002

The Ridge on Masonic

Modern multi-story residential building with black, gray, white, and green exterior, located on a city street with parked cars.

  • $59,850,000.000

  • Located at the intersection of Old County and Masonic, The Ridge on Masonic introduces a 100% Affordable Housing Solution on a Sprawling 0.36 acre site. This thoughtfully designed for rent apartment complex features 63-units housed within a five-story-type-III-A wood frame structure situated atop a three-story Type I-A concrete podium.

Aerial view of a city street corner with a red building, parked cars, trees, and surrounding commercial buildings.

4401 Capitola Rd

Capitola CA 95010

The Bluffs at 44th

Aerial view of a coastal residential neighborhood with a vacant lot outlined in red, near the beach and ocean, surrounded by trees and houses.

6661 Folsom Blvd

Sacramento CA 95819

69th Street Apts

Aerial view of a city area with a triangular plot of land outlined in red, surrounded by roads, buildings, and train tracks.
Modern multi-story apartment complex with parked cars in front, trees lining the street, during dusk with a partly cloudy sky.

65 Shiloh Rd

Windsor CA 95492

Shiloh Terrace

Aerial view of a modern apartment complex with multiple buildings, parking lot, and surrounding landscape under a clear blue sky.

5930 Division St

San Diego CA 92114

Valencia Pointe

Aerial view of a modern white apartment building with red accents surrounded by a residential neighborhood with single-family homes in a cityscape.

8500 Old Redwood Hwy

Windsor CA 95492

Redwood Views

2754 Native Oak Dr

Chico CA 95928

Senator Conness

3945 Stevens Creek Blvd

Santa Clara 95051

The Meridian

8335 Tarak Drive

Elk Grove 95757

The Pardes I

8310 Poppy Ridge Rd

Elk Grove CA 95757

The Pardes II

1610 University Ave

San Diego CA 92103

Hillcrest Hall

1875 California Dr

Burlingame CA 92103

Eucalyptus Grove

2388 S. Bascom Ave

San Jose CA 95124

Dry Creek Crossing

8668 Poppy Ridge Rd

Elk Grove CA 95757

Mountain Elk Villas

170 N Halstead Rd

Pasadena CA 91107

Rose Town

605 W. Worthington Rd

Imperial CA 92251

Worthington La Luna

Aerial view of a residential complex with multiple houses, a swimming pool, and sports courts.

  • $88,000,000.00

  • San Diego-based CPR Affordable Housing and Community Development has filed plans for a new affordable housing complex at 1756–1776 East Colorado Boulevard in Pasadena, a site located just east of the Pasadena City College campus. The proposal, titled Colorado Crest, calls for the construction of a seven-story mixed-use building that would replace three existing commercial structures along the corridor.

Aerial view of a commercial lot outlined in red, located on E Colorado Blvd, surrounded by various buildings and streets in an urban area.
Modern multi-story apartment building with a large colorful mural of a woman in traditional attire on the side, situated in an urban area with cars, pedestrians, and greenery.

  • $30,100,00.00

  • The Bluffs at 44th is an exciting new community coming to the heart of Capitola, CA. Situated on a beautifully landscaped 0.82-acre site at the northeast corner of Capitola Road and 44th Avenue, this development will offer 36 units of affordable family housing. Comprising two charming 3-story buildings, The Bluffs at 44th will feature a mix of 1-, 2-, and 3-bedroom apartments designed for comfort and convenience. With all units available for rent, this vibrant new community provides a welcoming and affordable option for families looking to live in a prime Capitola location.

A modern multi-story apartment complex with commercial space on the ground floor, surrounded by trees, with pedestrians crossing at a crosswalk and cars parked along the street in a sunny day.

  • $96,900,000.00

  • The project will bring 130 affordable housing units into a six-story building on a site composed of two parcels. The project site spans an area of 1.42 acres. The total residential built-up area will measure 107,500 square feet. Out of the total 30 units are less than 750 square feet and another 100 units are between 751-1,999 square feet. The units will span a total area of 88,000 square feet

  • $29,200,000.00

  • The project will bring 130 affordable housing units into a six-story building on a site composed of two parcels. The project site spans an area of 1.42 acres. The total residential built-up area will measure 107,500 square feet. Out of the total 30 units are less than 750 square feet and another 100 units are between 751-1,999 square feet. The units will span a total area of 88,000 square feet

Construction site of a multi-story residential complex with surrounding parking area and scenic green landscape with hills in the background.

  • $50,400,000.00

  • CRP Affordable Housing, MAAC, and MirKa Investments developed Valencia Pointe in San Diego, serving 102 families with incomes from 40-80% of the area median. Funded by CalHFA's Mixed Income program, it offers 37 open and 137 covered parking spaces, plus two elevators. MAAC provides residents with employment support, daycare, healthcare referrals, and more.

Playground with blue slide and shade structure, surrounded by modern white apartment buildings with balconies, under a clear blue sky.

  • $29,200,000.00

  • Redwood Views is a 52-unit, affordable housing development located on a 2.06-acre site located in Windsor, California. The Redwood Views community will provide housing to individuals and families with incomes at or below 30-60% of the area median income.

Aerial view of a residential complex with multiple beige and white apartment buildings, parking lot, and solar panels on neighboring roofs, set in a green suburban area with trees and distant mountains.
Entrance sign for Redwood Views Apartments with brick columns and a light-colored center panel.

  • $53,800,000.00

  • Senator Conness Apartments, located on a 9.6-acre site in Chico's Oak Valley region, offers 162 homes near retail, multifamily, and single-family developments at Deer Creek Highway and Bruce Road. The project is financed with 9% Federal FCAA Disaster Relief LIHTC, part of a $980 million allocation to help California communities rebuild after the 2017-2018 wildfires that destroyed over 32,000 structures.

  • $57,900,000.00

  • CRP Affordable Housing and Community Development has joined forces with the Central Valley Coalition for Affordable Housing to provide affordable housing in Santa Clara, California. The Meridian provides 59 new, affordable homes for families and households earning between 30% and 80% of the area median income.

Aerial view of a busy city street with cars, buildings, and storefronts, with mountains in the background.
Exterior of a modern building with vertical siding and rectangular windows, featuring a vertical sign reading 'THE MERIDIAN' in orange letters against a black background, under a bright blue sky with a few white clouds.

  • $54,400,000.00

  • The Pardes 1 is phase one of a two-part project delivering 236 affordable housing units in Elk Grove, CA. This phase offers 96 units for households earning 30% to 80% of the Area Median Income, along with 123 parking spaces. Social services, including job training, educational programs, and resource assistance, will be provided through our partners and local organizations.

Exterior view of a modern apartment building with a landscaped sidewalk and a sign reading "The Pardes, 8355 Tarak Drive" in front.
Residential apartment complex with multiple buildings, parking lots, and landscaped walkways under a partly cloudy sky.

  • $73,800,000.00

  • Pardes 2 is the final phase of a two-part project delivering 236 affordable housing units in Elk Grove, CA. Set to provide 140 units for households earning 30% to 70% of AMI, it will include two new buildings with surface parking. Eight units are reserved for those at risk of homelessness, with a mix of one-, two-, and three-bedroom units. Tenants will have access to community spaces and nearby schools, healthcare, parks, and transit.

Aerial view of a construction site with cleared land, adjacent to a residential area, with roads and highways nearby.

100 Roja Lane

American Canyon CA 94503

Napa Cove

Modern multi-story apartment building with balconies, surrounded by a grassy lawn, with people walking and biking outdoors on a sunny day

  • $65,000,000.00

  • A new seven-story development in Uptown, Council District 3, will offer 97 affordable rental units for households earning 30% to 60% of San Diego’s AMI ($36,400 to $90,900 annually, for 2023) and one manager’s unit. The project includes a 55-year affordability term and features on-site amenities such as supportive service offices, a community room, playground, rooftop patio, and computer room. The first level will be parking (18 spaces), with residential units and amenities on the second level, and six additional residential levels above.

Aerial view of a city block with a red outline around a property including a house and trees, surrounded by various commercial and residential buildings, with streets and parked cars.

605 Worthington Rd

Imperial CA 92251

Worthington La Luna

New multi-story apartment building with retail shops on the ground floor, surrounded by parked cars and green trees under a blue sky.

  • $76,900,000.00

  • A $5.7M loan from San Mateo County’s Affordable Housing Fund and 30 Project-Based Vouchers enabled construction to begin in December 2023 on Eucalyptus Grove Apartments in Burlingame. Located at 1875 California Drive, near the Millbrae Transit Station, the 69-unit development by CRP Affordable Housing and Abode Housing will serve households earning 20% to 50% of AMI, with 18 units for homeless veterans and half for families needing larger apartments.

Multi-story residential building with retail space on the ground floor, surrounded by trees and parked cars, under a clear blue sky.

  • $63,800,000.00

  • Dry Creek Crossing in Santa Clara County is a 64-unit affordable community for households earning 30% to 70% of AMI. Located in a high-resource area within 1 mile of transit, schools, parks, and medical services, it will feature a 6-story building with 20 one-bedroom, 25 two-bedroom, and 18 three-bedroom apartments. The development includes a parking garage, lobby, leasing office, commercial space, and bike storage.

Modern multi-story residential building with balconies, surrounded by trees and parked cars on a city street.

601 N Central Ave

Tracey CA 95376

The Junction

334 San Antonio Rd

Mountain View CA 94040

TBD

41705 Hawthorn St

Murrieta CA 92562

Sandstone

5945 Mission Gorge Rd

San Diego CA 92120

The Grant at Mission Trails

401 Waterman Rd

Ione CA 95640

Castle City

18705 Flying Tiger Dr

Santa Clarita CA 91387

Creekside Commons

  • $174,800,000.00

  • Mountain Elk Villas is a planned 236-unit affordable housing development in two phases, featuring four-story, elevator-served buildings. Each phase will offer a community room with laundry, a computer room, management office, lounge, and outdoor patio with BBQ. Amenities include a basketball court, tot lots, and open play areas for residents.

A large undeveloped plot of land outlined in red surrounded by fields, roads, and a residential area in the background.
Modern apartment complex with parked cars and people walking in the parking lot.

  • $36,000,000.00

  • Construction is complete and residents have begun moving into Rose Town Apartments in Pasadena.

    Set in a region still recovering from the impact of recent wildfires, this 48-unit new community offers a mix of studio, one, two, and three-bedroom homes, thoughtfully designed to support long-term stability and opportunity for local families.

    Located within walking distance of LA’s light rail system, Rose Town connects residents to public transit, neighborhood schools, retail, and nearby recreational spaces.

    This project reflects our continued commitment to expanding equitable housing across California and building resilient, thriving communities.

Modern white multi-story apartment building with yellow window awnings, situated on a city street with parked cars and trees, under a blue sky.
Close-up of the exterior wall of Rose Town Apartments with a sign showing the name and shadow shadows cast by the letters

  • $25,200,000.00

  • CRP Affordable Housing, MAAC, and MirKa Investments partnered to deliver much-needed housing for farmworker families in Imperial, California. Completed in late 2021, Phase 1 of the 114-unit Worthington La Luna Family Apartments offers 66 units for families earning 30% to 60% of the Area Median Income. The complex includes 103 parking spaces, a community room, computer lounge, lobby, leasing offices, and more.

A solar panel installation in front of a multi-family residential building in an arid area under a partly cloudy sky.
Aerial view of a residential complex with multiple townhouses and parking lot, adjacent to a building with solar panels on the roof in a dry area.
Apartment complex during sunset with parking spaces, including accessible parking, in the foreground.

  • $19,200,000.00

  • CRP Affordable Housing, MAAC, and MirKa Investments partnered to deliver much-needed housing for farmworker families in Imperial, California. Completed in late 2021, Phase 1 of the 114-unit Worthington La Luna Family Apartments offers 66 units for families earning 30% to 60% of the Area Median Income. The complex includes 103 parking spaces, a community room, computer lounge, lobby, leasing offices, and more.

Multi-story apartment complex with covered parking area, cars, and a blue sky.

4444 Scotts Valley Dr

Scotts Valley CA 95066

Beverly Gardens

Aerial view of a suburban neighborhood with a red outlined property in the foreground, surrounded by houses, roads, and green spaces with hills in the background.
Artist's rendering of a modern multi-family residential building with gray and white exterior, surrounded by greenery and trees, under a blue sky.

  • $140,000,000.00

  • The project will deliver 100% affordable housing across three phases, totaling 264 units on an 8.79-acre site in Ione, CA. Each phase will include on-site parking and amenity spaces. All apartment buildings will be 3-story walk-up structures of Type V construction.

Aerial view of an open green lot with trees, outlined in red, in a suburban area with residential houses and cityscape in the distance under a blue sky.
Modern apartment building with multiple levels, large glass windows, and balconies, situated in a suburban area with parked cars and trees.

4575 Scotts Valley Dr

Scotts Valley CA 95066

4575

  • $140,000,000.00

  • Scotts Valley’s first 100% affordable family housing in over 20 years, 4575 Scotts Valley, will deliver 100 homes across three buildings with one- to three-bedroom units. Amenities include a community room, on-site offices, laundry in each building, 108 parking spaces, outdoor areas with a tot-lot, planter boxes, and bike parking for 100 bikes along Erba Lane.

An urban intersection with traffic lights, crosswalks, and a modern building on the corner, surrounded by trees and a clear blue sky.
Exterior view of a two-story office building with trees and parked cars in front and a clear blue sky.

  • $108,400,000.00

  • The project is a multifamily apartment building with 128 rental units, all classified as affordable housing per California Government Code Sections 65915-65918, serving households earning 50-80% of the Area Median Income (AMI). The building includes podium parking with residential units above and offers amenities such as a community room, PC lab, laundry room, leasing offices, mail and parcel rooms, a tot lot, outdoor BBQ and gaming areas, and landscaped gathering spaces.

    Due to its 100% affordable status, the project qualifies for an 80% density bonus. The zoning allows 18 units per acre on the 3.96-acre site, permitting 71 base units. The density bonus adds 57 units, bringing the total to 128 units.

Rendering of a multi-story apartment complex with colorful exterior walls, surrounded by trees and a parking lot with cars and pedestrians.
A modern multi-story residential building on a hillside with landscaped greenery and trees.

831 Water St

Santa Cruz CA 95060

Banana Belt

A modern multi-story residential building with retail spaces on the ground floor, surrounded by a sidewalk with pedestrians, cars parked nearby, and a small grassy area with children playing, under a partly cloudy sky.

407 Pacific St

Santa Cruz CA 95060

Driftwood Flats

Multistory beige residential building with orange tile roof, windows, and surrounding construction area.

  • $39,100,000.00

  • Napa Cove Apartments, a 66-unit affordable housing project in American Canyon, CA, will serve families earning 30-60% of the AMI. The 3.48-acre project is funded by 9% Federal Disaster Relief LIHTCs, created to support rebuilding efforts after wildfires destroyed over 32,000 structures in California in 2017-2018.

Modern apartment building with colorful exterior walls, large windows, and landscaped flower beds along the sidewalk.
Modern apartment building with landscaped garden in front, concrete sidewalk, and blue sky.

  • $26,000,000.00

  • Scotts Valley backed a 100% affordable housing project at 4444 Scotts Valley Drive during its Sept. 4 meeting. Developer CRP Affordable Housing sought early approval to pursue critical funding, though the design may change. The 25-unit, three-story project is the first under the city’s new Housing Element, using Density Bonus Law and SB 35 benefits. Twenty-four units will serve residents earning 30-50% of AMI, with one unit for an on-site manager.

A two-story motel with a parking lot filled with cars, surrounding tall pine trees, and a partly cloudy sky.
Rendering of a modern apartment complex with white stucco walls, terracotta roof tiles, and landscaped trees and parking lot.

  • $22,400,000.00

  • Heber Del Sol Family Apartments will be a 100% affordable garden-style community in Heber, California, funded through federal and state tax credits, USDA Farmworker Housing Loans, and Citi Community Capital. All units are reserved for farmworker households, with additional support from the Joe Serna and USDA Off-Farm Housing Loan and rental assistance programs.

A multi-story residential apartment building with balconies, trees, and a sidewalk in front under a partly cloudy sky.
Multi-story apartment building under construction with a fenced sidewalk and parked cars, power lines visible against a clear blue sky.
Aerial view of a residential neighborhood with trees, houses, and a body of water in the distance.
Apartment complex named Konocti Gardens with a sign displaying the address 3930, surrounded by landscaping, under a blue sky with some clouds.

75 Mt. Hermon Rd

Scotts Valley CA 95066

Pinnacle Pass

340 Bridgeview Rd

Hollister CA 95023

Baler Place

3990 Cleveland Ave

San Diego CA 92103

Promenade Apartments

  • $40,400,000.00

  • Konocti Gardens, a 102-unit Low Income I Housing Tax Credit (LIHTC) development offers a mix of one, two, and three-bedroom units in five three-story garden-style residential buildings. California Department of Housing and Community Development provided financing through the Joe Serna, Jr. Farmworker Housing Grant Program. There are 36 LIHTC units reserved to serve agricultural employees and their families. Konocti also received 11 Section 811 project-based vouchers.

  • $26,000,000.00

  • CRP Affordable Housing and Community Development of Southern California, plans to make all 45 of the rental units affordable to low-, very-low- or extremely-low-income households. In order to take advantage of the SB 35 rules the developer must record a land-use restriction with the county stating that the affordable aspect of the development stay in place for at least 55 years.

A bird's eye view of an urban area with a vacant lot outlined in red, surrounded by trees, buildings, and parking lots, with a roundabout featuring a statue in the background.
A modern multi-story apartment building with white and brown exterior, large windows, and ground-floor shops, on a city street with cars and a tree.

  • $91,500,000.00

  • CRP Affordable Housing plans to build 100-apartment units, with 99 of the units for lower-income households. The apartments are a mix of unit sizes, with about 60% designated as two and three-bedrooms to accommodate larger families.

    CRP Affordable Housing also is not seeking city funding. Instead, it plans to rely on federal, state and private funding sources, a proposition that the council viewed favorably. If built, it would be the first affordable housing developer to not apply for city subsidies.

An aerial view of a mixed-use urban area showing modern residential buildings, a parking lot, trees, and surrounding streets under partly cloudy skies.
Modern mid-rise apartment building on a city street corner with a parking lot and trees, under a partly cloudy sky.

  • $56,700,000.00

  • This 96-unit family development is fully affordable for households earning between 30% and 80% AMI. The four-building project includes 1-, 2-, and 3-bedroom units, all with balconies or patios, and fully accessible ground-floor units. Designed to fit the community's character, the site incorporates sloped terrain with minimal retaining walls, extensive landscaping, shaded areas, outdoor spaces, and interior community rooms for gatherings and events.

A modern apartment complex with multiple stories, surrounded by small trees and a parking lot filled with cars and bicycles, under a partly cloudy sky.
Modern residential apartment complex with parking lot and landscaped greenery.

  • $34,600,000.00

  • The Grant at Mission Trails is planned for a 0.40-acre site at 5945 Mission Gorge Road, between Mission Gorge Place and Fairmont Avenue. It’s near the Grantville Trolley Station and an MTS bus stop.

Modern multi-story residential building with orange accents, surrounding palm trees, busy street with cars, blue sky with some clouds.
A modern multi-story apartment building with white, black, and orange exterior, surrounded by palm trees and parked cars under a partly cloudy sky.

  • $38,700,000.00

  • Located at 75 Mount Hermon Road in Scotts Valley, CA, this new 3-story, Type V construction will be a family affordable housing community on a 1.92-acre site. The project will feature 40 units: 24 two-bedroom and 16 three-bedroom apartments ranging from 795 to 983 sq. ft. Amenities include a lobby, leasing office, laundry room, bike storage, and community space, with 60 surface parking spaces available for residents.

  • $42, 400,000.00

  • Baler Place in Hollister, CA, will offer 53 affordable rental units in a three-story, non-elevatored building. The project includes accessible ground-floor units, on-site parking, a landscaped courtyard, and sustainable features. Designed in a Spanish Colonial Revival style, the building blends with the surrounding neighborhood.

Modern residential apartment complex with parking lot, trees, and landscaped areas.
Artist's rendering of a modern, multi-story residential building with trees and parked cars in front.

  • $80,500,000.00

  • CRP Affordable Housing and Community Development, in partnership with contractor Workbench, is proposing an 83-unit mixed-use affordable housing project on the 900 block of Water Street. The development will feature 82 below-market-rate apartments for households earning 30%–80% of the Area Median Income, plus one manager’s unit. Plans include ground-floor commercial space, an outdoor patio for a potential restaurant, a children’s play structure, and a garage with 38 parking spaces accessible from Stanford Avenue.

  • $105,000,000.00

  • 102 Units

    CRP has entered into an agreement with a market-rate developer who will contribute the land value to the project before the construction loan closing, fulfilling the inclusionary housing requirements for another development they are undertaking in the same area.

    The proposed development is located within Santa Cruz’s planned Downtown Expansion Area, which is currently experiencing, and is expected to continue experiencing, significant commercial and residential redevelopment.

Aerial view of a property outlined in red, including a parking lot with cars, a small building, and surrounding residential buildings and trees.
A small, single-story white building with a red tile roof, situated on a street corner with a tree and parked cars nearby.

  • $85,000,000.00

  • 94 homes for small to large families, with 11 of those earmarked as permanent supportive housing (PSH) units that provide supportive services for those experiencing or at risk of homelessness. Eighteen homes will be for those at risk of homelessness. This development is located in a highest-resource area.

Aerial view of a city with streets, buildings, and highways, with a distant skyline and water in the background.

1776 E Colorado Blvd

Pasadena CA

Colorado Crest

Aerial view of a newly built residential complex near a body of water, with solar panels on rooftops and a parking lot, surrounded by open land and a highway in the distance.

195 Desert Sunrise Ave

Heber CA 92249

Heber Del Sol

3930 Old Highway Rd

Clearlake CA 954422

Konocti Gardens

Case Study Valencia Pointe

Case Study Valencia Pointe
Valencia Pointe Investment Timeline

Valencia Pointe Investment Timeline