What C&C Development does

C&C Development Co., LLC is a private, full-service real estate development company headquartered in Tustin, California, founded in 1984 and specializing in affordable housing for working families and seniors across Southern California. The company undertakes three principal activities: new construction of multifamily developments, adaptive reuse of underutilized properties (including motel-to-senior conversions), and acquisition/rehabilitation of existing troubled multifamily assets. Its portfolio spans Orange, Los Angeles, San Diego, Riverside, San Bernardino, and Ventura counties and consists of approximately 15+ completed properties (including Adagio Apartments, Terraces at Santiago, ParkView Apartments, Lemon Grove Apartments, Parc Derian, Depot at Santiago, Villa Pacifica II, Cartwright Family Apartments, Pacific Wind, Valencia Garden, Meadows Seniors, The Groves Senior, Altrudy Lane Seniors, El Dorado II, and Mission Trail Apartments) plus multiple projects under construction in 2025. C&C retains ownership of every community it develops — it has never sold an affordable property — and operates them long-term via its wholly-owned property management subsidiary, Advanced Property Services (APS).

The company's technology stack centers on LEED-certifiable sustainable construction practices: solar thermal water heating, low-E windows, formaldehyde-free insulation, water-saving plumbing fixtures, CRI Green Label Plus carpeting, and designs exceeding California Title 24 CalGreen energy efficiency standards by 17.5–30%. Properties seek LEED Silver, Gold, or Platinum certification. Architecturally, C&C pursues market-rate-quality design and urban-infill, transit-oriented site selection; notable projects include the first affordable housing under Santa Ana's Station District Transit Zoning Code (Terraces at Santiago) and the first under the Harbor Mixed-Use Corridor Plan (Andalucia Apartments).

C&C's business model combines development fees earned during construction and lease-up with long-term recurring rental income from the owned portfolio. Financing is assembled project-by-project through tax-exempt bonds, 9% and 4% Low Income Housing Tax Credits (syndicated via National Equity Fund and Boston Capital), tax increment financing, NSP, HOME, CDBG, HUD, and conventional construction and permanent loans from Bank of America, Chase, and CCRC — supplemented by capital from non-traditional sources such as the $8M CalOptima investment in 2023 and a $3.9M California Strategic Growth Council cap-and-trade award. The company markets exclusively through public-sector partnerships, industry awards, and earned media, with no direct consumer sales channel; end customers are income-qualified residents at 30%–60% AMI (and up to 110% AMI on inclusive projects), plus special-needs populations, seniors aged 55+, veterans, and formerly homeless households served through partnerships with nonprofits such as Solutions for Change, Families Forward, Innovative Housing Opportunities, Regional Centers of Orange County, and United Cerebral Palsy.

Name

C&C Development

Legal name

C&C Development Co., LLC

Website

https://c-cdev.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

C&C Development is a Southern California real estate developer founded in 1984 that builds, owns, and operates LEED-certified affordable rental housing for low-to-moderate-income families, seniors, and special-needs populations across six California counties.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Affordable housing development
• Multifamily residential construction
• Senior housing development
• Urban infill development
• LEED certified construction

Headquarters

HQ city

Tustin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: C&C Development generates revenue through development fees from constructing affordable housing projects for working families and seniors.
2. Property Ownership and Management: The company owns and manages its affordable housing communities long-term, providing ongoing rental income. C&C has never sold any of its affordable communities and has no plans to do so.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

C&C Development is a full-service real estate development firm founded in 1984 and based in Southern California, focused on affordable housing for working families and seniors. The company develops new multifamily communities, acquires and rehabilitates existing properties through adaptive reuse, and manages the communities it owns through its property management subsidiary. It delivers finished affordable apartment communities and operates them on a long-term basis for income-qualified residents.

Product overview

C&C Development is a full-service real estate development company that specializes in the construction, acquisition, rehabilitation, and management of affordable housing for working families and seniors throughout Southern California. The company's portfolio consists of multiple distinct affordable housing properties rather than a unified software product or platform. Their development activities revolve around three project types: new construction of multifamily units, adaptive reuse of existing underutilized properties, and revitalization/rehabilitation of existing troubled multifamily properties. The portfolio includes family apartments (such as Adagio, Park View, Andalucia, Parc Derian, Cartwright Family, Pacific Wind, Valencia Garden, Mission Trail, and El Dorado II), senior housing (including Villa Pacifica II, Altrudy Lane Seniors, The Groves Senior, and Meadows Seniors), and mixed-use transit-oriented developments (Terraces at Santiago and Depot at Santiago). Many properties seek or have achieved LEED certification and incorporate sustainable building practices. The company maintains an in-house property management division and has partnerships with social service providers to deliver resident services.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development Full-cycle real estate development of affordable multifamily rental communities for working families and seniors, including site selection, entitlement, financing structuring, design, construction oversight, and lease-up, delivered primarily under public-private partnerships with cities, housing authorities, and public financing agencies.
• Acquisition and Adaptive-Reuse Rehabilitation Acquisition of existing multifamily or commercial properties and their rehabilitation into permanently affordable housing using adaptive-reuse techniques, intended for income-qualified working families and seniors in Southern California.
• LEED-Certified New Construction Design and construction of new affordable multifamily communities using LEED-certified green building methods, energy-efficient systems, and sustainable construction practices for working families and seniors.
• Affordable Housing Property Management Long-term operations, leasing, maintenance, and on-site resident services for the affordable apartment communities C&C Development owns, delivered through an affiliated property management subsidiary so that the firm retains operational control rather than handing off to third-party managers.

Quantifiable outcome

• Energy efficiency exceeds California Title 24 CalGreen standards by 17.5% to 30%
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

23 partnerships are on record, tiered core, major and minor.

• Orange Housing Development CorporationcoreStrategic or Co-development PartnerLong-term nonprofit development partner with over 25 years of partnership history. Together they have built over 557 workforce housing units in Orange County. OHDC is a 501(c)(3) nonprofit dedicated to providing secure, clean, and attractive housing for people of low and moderate incomes.
• Lennar CorporationmajorStrategic or Co-development PartnerPartnership for Parc Derian development in Irvine as part of Central Park West urban village inclusionary zoning requirements.
• Irvine Community Land TrustmajorStrategic or Co-development PartnerProvides land that is leased to developers to build housing that will remain permanently affordable. Partnership for Parc Derian workforce housing in the Irvine Business Complex.
• Innovative Housing OpportunitiesmajorStrategic or Co-development PartnerJoint venture partner for Parc Derian development. Provides housing for families experiencing homelessness or at risk of homelessness.
• Solutions for ChangecoreStrategic or Co-development PartnerNonprofit organization providing social services at ParkView Apartments. Vision is to create access to permanent solutions to homelessness using a hybrid services model where parents work, pay rent, attend workshops, and engage in coaching.
• The Wooden FloorcoreStrategic or Co-development PartnerNonprofit that gives underserved youth tools to live fuller, healthier lives through dance education supported by academics, college/career readiness, and family support services. Since 2005, all senior class members have graduated high school on-time and enrolled in higher education. Partnership at Depot at Santiago.
• Lighthouse Learning CenterscoreStrategic or Co-development PartnerProvides volunteer-based programs in inner-city neighborhoods including after-school learning centers, homework help, and computer instruction.
• KidworkscoreStrategic or Co-development PartnerCommunity organization providing beneficial social services within C&C properties.
• Families ForwardcoreStrategic or Co-development PartnerNonprofit assisting people in crisis to achieve and maintain self-sufficiency through housing, counseling and education. Partnership at Parc Derian for homeless prevention.
• LifeSTEPScoreStrategic or Co-development PartnerSocial services provider offering programs for residents at C&C properties including after-school programs, health services, and senior programs.
• YMCAscoreStrategic or Co-development PartnerLocal YMCA partnerships providing social services, after-school programs, and community activities for residents.
• Families ForwardcoreStrategic or Co-development PartnerSets aside apartments at Parc Derian for veterans and previously homeless families.
• Regional Centers of Orange CountycoreStrategic or Co-development PartnerPartners with C&C and IHO at Parc Derian to set aside apartments for developmentally disabled residents.
• United Cerebral PalsycoreStrategic or Co-development PartnerPartners with C&C and IHO at Parc Derian to set aside apartments for developmentally disabled residents.
• PDS Serve FoundationminorStrategic or Co-development PartnerProvides free dental care to residents through the PDS Serve Bus mobile dental clinic. 59 residents received dental care at Wilshire/Minnie apartments.
• KTGY GroupminorImplementation/ SI/ Consulting PartnerArchitecture and planning firm serving as project architect for Parc Derian.
• Advent CompaniesminorImplementation/ SI/ Consulting PartnerGeneral contractor for Parc Derian development.
• Lighthouse Community CenterscoreStrategic or Co-development PartnerOperated by Mariners Church, empowers community members and organizations to be catalyst for social and personal improvement. Provides services at Lemon Grove and Parc Derian.
• Bassenian Lagoni ArchitectsminorImplementation/ SI/ Consulting PartnerCollaborated on award-winning design of Terraces at Santiago.
• Comstock HomesmajorStrategic or Co-development PartnerMaster developer of Springville elacora planned community in Camarillo. C&C developed Adagio Apartments as requirement for affordable housing within the planned community. Comstock served as general contractor.
• Blue ZonesminorStrategic or Co-development PartnerWell-being initiative partner for City of San Marcos Blue Zones Ignite program.
• TrueCareminorStrategic or Co-development PartnerHealthcare partner in City of San Marcos Blue Zones Ignite well-being initiative.
• Gary and Mary West PACEminorStrategic or Co-development PartnerHealthcare partner in City of San Marcos Blue Zones Ignite well-being initiative.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Jamboree Housing Corporation: Irvine, CA-based nonprofit affordable housing developer focused on multifamily rental housing for working families, seniors, and special needs populations across Southern California. Direct peer given nearly identical geography, product type, LIHTC-driven financing, and resident mix.
• Meta Housing Corporation: Los Angeles-based affordable housing developer with a portfolio of new construction and rehabilitation projects across Southern California. Comparable LIHTC-financed multifamily rental model serving families and seniors.
• LINC Housing: Long Beach, CA-based nonprofit developer of affordable and supportive housing, primarily in Southern California. Builds and operates affordable multifamily rentals using LIHTC and public-private partnerships similar to C&C's model.
• BRIDGE Housing: San Francisco-based nonprofit affordable housing developer with significant Southern California operations. Develops LIHTC-financed multifamily rental housing for families, seniors, and special needs populations at scale comparable to C&C.
• National Community Renaissance (National CORE): Rancho Cucamonga, CA-based nonprofit affordable housing developer operating across Southern California. Develops and manages LIHTC-financed multifamily rental housing for low-income families and seniors, with overlapping geographic footprint.
• Abode Communities: Los Angeles-based affordable housing developer focused on multifamily rental and supportive housing in Southern California. Similar LIHTC-driven model, LEED-conscious construction, and resident services integration.
• A Community of Friends: Los Angeles-based nonprofit developer of affordable and supportive housing for low-income and special needs populations. Smaller scale than C&C but directly comparable model with similar LIHTC financing and resident services orientation.

Broad incumbents

• Mercy Housing: Denver-headquartered national nonprofit affordable housing developer with significant California operations. Builds LIHTC-financed multifamily rentals at much larger scale, but serves the same resident base using the same financing tools.
• The Related Companies: National affordable and mixed-income housing developer with major California operations. Operates at significantly larger scale and broader portfolio mix, but competes for the same LIHTC allocations and public-private partnerships.
• AMCAL Multi-Housing: California-based multifamily developer with both market-rate and affordable housing exposure. Larger scale than C&C with broader geographic and product type footprint, but overlaps on LIHTC-financed affordable communities in Southern California.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about C&C Development