Lincoln Avenue Communities

What Lincoln Avenue Communities does

Lincoln Avenue Communities (LAC) is a private, for-profit affordable housing developer and operator structured as a subsidiary of Lincoln Avenue Capital (legal entity: Lincoln Avenue Capital Management, LLC), headquartered in Santa Monica, California with a secondary office in New York City and regional offices in Denver and Minneapolis. Founded in 2016 and led by CEO and Founder Jeremy Bronfman, LAC develops, owns, and preserves affordable and workforce housing across 28 U.S. states, serving more than 80,000 residents through family housing, senior housing, and workforce housing properties.

LAC's core offerings span three lines: (1) New Construction — ground-up affordable housing development utilizing 4% and 9% Low-Income Housing Tax Credit (LIHTC) allocations; (2) Preservation — rehabilitation and renovation of existing affordable properties under tax credit structures; and (3) Workforce Housing — long-term affordable rentals for households earning 60%–120% of Area Median Income, including conversions of at-risk naturally occurring affordable housing. Properties typically feature sustainability elements such as solar panels, energy-efficient HVAC, and LED lighting, alongside amenities like fitness centers, pools, and clubhouses. Resident services include Family Resource Days, nutrition initiatives, and onsite childcare.

The company operates a partnership-driven go-to-market model: projects are financed through syndications of LIHTC equity with institutional investors (Ohio Capital Corporation for Housing, Chase Bank, Barings, US Bank, Citi, National Equity Fund, WNC & Associates), construction and permanent loans, and state/local housing finance agency allocations. LAC generates revenue through recurring rental income from owned and operated affordable housing, development fees on ground-up construction and tax credit renovation projects, and tax credit syndication-related fees. Current development pipeline totals 1,551 units across projects in Texas, Ohio, Oklahoma, Florida, Arizona, and New Mexico, including a flagship mixed-use redevelopment with Newlab and Brian Gibbs Development in New Orleans' Bywater neighborhood.

Name

Lincoln Avenue Communities

Legal name

Lincoln Avenue Capital Management, LLC

Website

https://www.lincolnavenue.com/

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Lincoln Avenue Communities is a private affordable and workforce housing developer and operator, subsidiary of Lincoln Avenue Capital, that develops, preserves, and manages LIHTC-financed rental properties across 28 U.S. states, serving more than 80,000 low-income individuals, seniors, and families through new construction, rehabilitation, and workforce housing strategies.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Building Construction (2361), Other Community Housing Services (624229)

SIC

General Bldg Contractors - Residential Bldgs (1520), Services-To Dwellings & Other Buildings (7340), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Residential Affordable Housing Development & Construction (IMAFABAI), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

Keywords

• Affordable housing development
• LIHTC tax credits
• Workforce housing
• Property preservation
• Residential property management

Headquarters

HQ city

Santa Monica

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. Apartment Rental Income: LAC generates recurring revenue through rental income from owned affordable housing properties across 28 states, serving over 80,000 residents.
2. Tax Credit Development: LAC utilizes 4% and 9% Low Income Housing Tax Credit (LIHTC) programs for new construction and preservation projects, generating syndication revenue and investor equity.
3. Development and Rehabilitation Fees: LAC earns development fees from ground-up construction and tax credit renovation projects, including the recent 321-unit Landmark on Scioto in Columbus, Ohio.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Lincoln Avenue Communities develops, owns, and operates affordable rental housing across 28 U.S. states, utilizing 4% and 9% Low-Income Housing Tax Credit (LIHTC) programs for both ground-up new construction and rehabilitation/preservation of existing units. The company serves low-income individuals, seniors, and families earning at or below 60% of Area Median Income, plus workforce housing for residents earning 60-120% of AMI, and bundles resident services such as nutrition programs, onsite childcare, and Family Resource Days into its properties.

Product overview

Lincoln Avenue Communities operates as an affordable housing development company organized around three core offerings: New Construction (ground-up affordable housing development using tax credits), Preservation (renovation of existing affordable units), and Workforce Housing (serving residents earning 60-120% AMI). The company also provides resident services including nutrition programs, childcare, and Family Resource Days. Properties feature sustainability elements such as solar panels and energy-efficient systems. The portfolio spans 28 states serving more than 80,000 residents.

Differentiator

Problem solved

Functional benefit

Products and services

• New Construction - Affordable Housing Ground-up development of affordable housing properties utilizing 4% and 9% Low-Income Housing Tax Credits (LIHTC), adding new affordable housing units across the country for low-income individuals, seniors, and families earning at or below 60% of Area Median Income.
• Preservation - Affordable Housing Renovation Renovation and rehabilitation of existing affordable housing properties using LIHTC tax credits, delivering high-quality outcomes comparable to new construction while being fast, minimally disruptive, and cost-effective, and extending long-term affordability restrictions.
• Workforce Housing Long-term stability housing for working families often priced out of supply-constrained neighborhoods, preserving at-risk naturally occurring affordable housing and targeting residents earning between 60% and 120% of Area Median Income.
• Resident Services Services offered to residents of Lincoln Avenue Communities properties, including nutrition initiatives, homeownership program participation, onsite childcare, and Family Resource Days connecting residents with healthcare, food assistance, tutoring, and rental assistance.

Quantifiable outcome

• Over 80,000 residents served across 28 states
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• WNC & AssociatescoreStrategic or Co-development PartnerDevelopment partner for The Ranches at Gunsmoke, a 271-unit affordable single-family rental community in Maricopa, Arizona. WNC brings tax credit expertise to the partnership.
• San Antonio Housing TrustcoreStrategic or Co-development PartnerPartnership with local officials and the San Antonio Housing Trust for Leon Creek Flats, LAC's first ground-up affordable housing project in Texas. The 308-unit development includes 47 units for residents earning below 30% AMI.
• NewlabflagshipStrategic or Co-development PartnerPartnership for New Orleans Bywater redevelopment creating a public-private tech startup hub housing up to 35 companies. Part of the mixed-use campus redevelopment of the former Naval Support Activity-East Bank base.
• Brian Gibbs DevelopmentcoreStrategic or Co-development PartnerLead developer for the overall renovation of the 22-acre former Naval Support Activity-East Bank base in New Orleans' Bywater neighborhood, with LAC as co-developer for the 294-unit affordable workforce housing component.
• City of New OrleanscoreStrategic or Co-development PartnerGovernment partner in the Bywater redevelopment project, working with developers to transform the vacant 22-acre Navy base site into a mixed-use campus with affordable housing and innovation hub.
• Louisiana Economic DevelopmentcoreStrategic or Co-development PartnerState economic development agency partner in the Newlab innovation hub component of the Bywater redevelopment, supporting the tech startup ecosystem development.
• LSU (Louisiana State University)minorStrategic or Co-development PartnerEducation partner in the Newlab New Orleans innovation hub, contributing to the public-private tech startup ecosystem at the Bywater redevelopment.
• Greater New Orleans, Inc.minorStrategic or Co-development PartnerRegional economic development organization partner in the Newlab innovation hub, supporting the Bywater redevelopment project.
• City of ColumbuscoreStrategic or Co-development PartnerLAC will dedicate approximately 7 acres to the City of Columbus for a public park as part of the Landmark on Scioto development. City officials support the affordable housing project.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: One of the largest US developers of affordable and mixed-income housing, with a national LIHTC portfolio and deep relationships with financial institutions and public agencies. Comparable in core LIHTC development and tax credit financing model, though far larger and more diversified across market-rate and commercial real estate.
• Enterprise Community Partners: One of the largest US affordable housing developers and LIHTC syndicators, with national development footprint and significant affiliated capital. Comparable in LIHTC expertise and resident services focus, though operates at materially larger scale and includes substantial philanthropic capital.

Direct peers

• L+M Development Partners: Privately-held affordable and mixed-income housing developer operating across multiple states, with significant LIHTC pipeline and similar ground-up plus preservation strategy. Closely comparable in size, mission orientation, and tax credit-driven development model.
• Jonathan Rose Companies: Mission-driven real estate developer focused on affordable and green multifamily housing across the US. Comparable in combining LIHTC financing with sustainability features (solar, energy efficiency) and serving similar low-income resident segments.
• BRIDGE Housing: Nonprofit affordable housing developer with a multi-state portfolio of LIHTC-financed rental properties serving low-income families, seniors, and formerly homeless individuals. Directly comparable in resident segments served, tax credit development approach, and mission-aligned operating model.
• Mercy Housing: National nonprofit affordable housing developer operating across more than 40 states with a focus on LIHTC-financed properties serving low-income families, seniors, and people with special needs. Comparable in resident segments, LIHTC financing model, and integration of resident services.
• Pennrose: Private for-profit affordable housing developer with multi-state LIHTC portfolio and ground-up development plus rehabilitation strategy. Comparable in scale, geographic footprint expansion strategy, and dual focus on new construction and preservation.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and develops affordable rental housing across multiple states using LIHTC and other public financing. Directly comparable in preservation plus new construction strategy and affordable rental focus on low-income residents.
• NHT Communities (National Housing Trust): Affordable housing preservation and development nonprofit operating across multiple states with LIHTC-financed rental properties. Comparable in focus on preserving and expanding affordable rental supply for low-income households.

Others

• WNC & Associates: One of the largest LIHTC syndicators in the US, and an active LAC development partner on The Ranches at Gunsmoke. Comparable in deep LIHTC execution expertise and institutional investor relationships, though functions primarily as an equity provider rather than developer/owner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lincolnavenue

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lincoln Avenue Communities