MidPen Housing
MidPen Housing is a 501(c)(3) nonprofit developer, owner, and manager of affordable rental housing, operating 140 properties with 10,400+ homes across 12 Northern California counties and serving 22,000+ low- to moderate-income families, seniors, veterans, farmworkers, educators, and homeless individuals.
- Company typePrivate
- Founded1970
- HeadquartersFoster City, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What MidPen Housing does
MidPen Housing Corporation is a 501(c)(3) nonprofit organization founded in 1970 and headquartered in Foster City, California, that develops, owns, and manages affordable rental housing across 12 Northern California counties. Its portfolio comprises 140 properties and 10,400+ homes collectively valued at approximately $3.5 billion in assets, serving 22,000+ residents with an annual investment of $16.8 million in on-site resident services. Operations are conducted through two wholly owned subsidiaries: MidPen Property Management Corporation (handling leasing, compliance, and facilities across 139 apartment communities with a 350+ person team) and MidPen Resident Services Corporation (delivering education, health, and economic mobility programs via a 140-person team).
The organization operates across four integrated functions: real estate development, property management, resident services, and policy and advocacy. Development is financed through a stacked capital structure including California Housing Accelerator funds, Joe Serna Jr. Farmworker Housing Grants, No Place Like Home allocations, HUD programs, county housing bonds (e.g., Alameda County Measure A1), Low-Income Housing Tax Credit equity, and construction-to-permanent loans from financial institutions including Wells Fargo, Bank of America, J.P. Morgan, First Citizens Bank, and Housing Trust Silicon Valley. Rents are set against Area Median Income thresholds (typically 20%–80% AMI), producing $1,350–$2,900 monthly rents on recent projects such as Scholars Rows in Mountain View, where the average one-bedroom market rent is $3,507. The current development pipeline comprises roughly 5,000 homes, with approximately 1,500 under construction.
Customers span six primary segments: low- to moderate-income families (the largest group); homeless and at-risk populations (served through 1,100 permanent supportive housing households); veterans (via partnerships with the VA Palo Alto Health Care System and HUD-VASH vouchers); public school district employees (particularly SFUSD via Shirley Chisholm Village); farmworkers (across the Central Coast, Santa Rosa, and Sonoma County); and seniors on fixed incomes. Distribution combines direct leasing through the website and waitlist management with partnership-based referrals from housing authorities, school districts, and community organizations. Resident services include after-school programs, financial capability classes, employment preparation, the Resident Tuition Aid Program (scholarships of $1,000–$5,000), and on-site health and wellness programming, with documented outcomes of a 13% reduction in emergency department visits and 24% reduction in inpatient admissions for permanent supportive housing residents. MidPen does not disclose a proprietary technology platform, app, or AI/ML capability in any sourced material.
MidPen Housing firmographics
Firmographics- Name
- MidPen Housing
- Legal name
- MidPen Housing Corporation
- Website
- https://midpen-housing.org
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- MidPen Housing is a 501(c)(3) nonprofit developer, owner, and manager of affordable rental housing, operating 140 properties with 10,400+ homes across 12 Northern California counties and serving 22,000+ low- to moderate-income families, seniors, veterans, farmworkers, educators, and homeless individuals.
- Ownership category
- akta.pro rank
Where MidPen Housing is headquartered
LocationHeadquarters
- HQ city
- Foster City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MidPen Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Affordable Housing Rents: MidPen generates revenue through rental income from affordable apartment homes. Rents are set at below-market rates based on Area Median Income (AMI) levels, typically serving residents earning 20%-80% of AMI. The organization manages over 10,400 affordable homes across 140 properties.
- Government Funding and Grants: Financing is provided through public sources including City, County, State, and federal programs such as California Housing Accelerator, Joe Serna Jr. Farmworker Housing Grant, No Place Like Home, and various HUD programs. These funds support development and construction costs.
- Property Management Services: MidPen Property Management professionally manages its portfolio of properties, providing operations, compliance, leasing, and facilities management services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-based affordable rents ranging from $1,350 to $2,900 for Mountain View property |
| Subscription | Monthly | Families with incomes between 30-60% AMI for Mahonia Glen property |
| Subscription | Monthly | Midway Village I - residents earning up to 30-80% of AMI |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
MidPen Housing product offering
Product offeringCore offering
MidPen Housing is a nonprofit developer, owner, and manager of affordable rental housing. The organization develops, finances, and constructs multifamily affordable housing communities, then professionally manages the properties and delivers on-site resident services covering education, health, and economic mobility. Residents lease below-market apartments (typically 20%-80% of Area Median Income) at 140 properties totaling more than 10,400 affordable homes across 12 Northern California counties.
Product overview
MidPen Housing is a nonprofit affordable housing organization offering a unified suite of services rather than a technology product platform. The core offerings include Real Estate Development (acquisition and construction of affordable housing), Property Management (professional management of rental properties), Resident Services (on-site support programs including education, health, and economic mobility), and Policy and Advocacy. The organization manages a portfolio of over 140 properties providing 10,400+ affordable homes across 12 Northern California counties. Additional programs include the Resident Tuition Aid Program (RTAP) scholarship initiative supporting resident educational advancement.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Acquisition, financing, design, and construction of affordable housing communities for low- and moderate-income households across Northern California. Manages a 5,000-home pipeline including nearly 1,500 currently under construction.
- Property Management Professional management of MidPen's portfolio of affordable rental properties, including leasing, compliance, facilities management, and operations. Delivered through MidPen Property Management Corporation across more than 10,000 homes in 139 apartment communities with a 350-person team.
- Resident Services On-site programs supporting education (after-school programs), physical and mental health, and economic mobility (financial capability classes, employment preparation) for 20,000+ residents across the portfolio. Delivered with $16.8M in annual investment and a 140-person team.
- Policy and Advocacy Advocacy for affordable housing policy at the local, state, and federal levels, working to expand housing opportunities, funding, and streamlining legislation (e.g., SB 35, SB 79, CEQA urban infill exemptions).
- Affordable Housing Properties Portfolio Portfolio of 140 affordable apartment communities offering 10,400+ affordable homes for families, seniors, veterans, farmworkers, and individuals experiencing homelessness across 12 Northern California counties. Rents are income-based, typically set at 20%-80% of Area Median Income.
Quantifiable outcome
- 13% reduction in emergency department visits and 24% reduction in inpatient admissions for residents in permanent supportive housing programs
- +1 more outcomes
Companies that use MidPen Housing
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles3 records
MidPen Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MidPen Housing partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core.
- EPACANDOcoreEPACANDO co-developed Colibri Commons with MidPen, providing 136 affordable homes in East Palo Alto.
- City of Union CitycoreUnion City partnered with MidPen for Lazuli Landing development providing 81 affordable homes in the Decoto neighborhood, the first new affordable housing in the area in decades.
- CASA (Children's After School Arts)coreCASA signed a lease for community-serving space at Shirley Chisholm Village. The 1,562 sq ft space houses CASA's offices and new program space with a 749 sq ft community room available for public use.
- City of Santa RosacoreCity of Santa Rosa partnered with MidPen for Mahonia Glen development, providing $55.4 million from California Housing Accelerator. The city is MidPen's first development location in Santa Rosa and the first to advance under SB 35.
- Valley Transportation Authority (VTA)coreVTA partnered with MidPen to build 203 affordable homes near Capitol Light Rail Station in San Jose, including 51 units of permanent supportive housing.
- San Francisco Mayor's Office of Housing and Community DevelopmentcoreMOHCD partnered with MidPen and SFUSD to create 135 affordable apartments prioritizing SFUSD educators at Shirley Chisholm Village in San Francisco.
- San Francisco Unified School District (SFUSD)coreSFUSD partnered with MidPen and MOHCD to provide priority housing for SFUSD educators and employees at Shirley Chisholm Village, with 90% of residents being SFUSD workforce.
- Central California Alliance for HealthcoreThe Alliance partnered on Sparrow Terrace development, pairing supportive housing with high quality health care services for residents.
- Peninsula Family ServicecorePeninsula Family Service will operate a 15,000 sq ft child care center at Midway Village 2 serving 109 children including those from low-income families in the broader community.
- Sonoma County Community Development CommissioncoreSonoma County selected MidPen as master developer for Tierra de Rosas project including Casa Roseland and market-rate housing, a community-led effort to strengthen Roseland neighborhood.
- U.S. Department of Veterans Affairs (VA)coreVA Palo Alto Health Care System partnered through enhanced use lease for Oak Gardens development on VA campus, providing 62 permanent supportive housing units for veterans.
- Oakland Housing AuthoritycoreOakland Housing Authority provided 258 project-based vouchers valued at $147 million and $10 million contribution for Foon Lok East affordable housing development.
- City of FairfieldcoreCity of Fairfield partnered on Fair Haven Commons development, providing 72 affordable rental homes including 44 for people experiencing homelessness.
- City of SunnyvalecoreCity of Sunnyvale partnered with MidPen for Ira D. Hall Square, 176 affordable apartments across from Lawrence Caltrain Station, the first project under City's Lawrence Station Area Plan.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
MidPen Housing competitors and assessment
Company assessmentDirect peers
- BRIDGE Housing: San Francisco-based nonprofit affordable housing developer, owner, and manager operating across California and the Pacific Northwest. Directly comparable in mission, nonprofit structure, geographic footprint, and integrated development + property management + resident services model.
- Mercy Housing: National nonprofit affordable housing developer headquartered in Denver with major California presence. Comparable as a similarly structured 501(c)(3) with integrated development, property management, and resident services, and a similar reliance on LIHTC and public financing.
- EAH Housing: San Rafael-based nonprofit affordable housing developer and manager with a portfolio of ~10,000 affordable homes across California and Hawaii. Closest geographic and portfolio-scale peer to MidPen, sharing the same Northern California operating base and similar tenant populations.
- Eden Housing: Hayward-based nonprofit affordable housing developer with deep Bay Area roots and a portfolio of 10,000+ affordable homes. Comparable as a similarly scaled, mission-aligned nonprofit operating the integrated development + property management model in the same Northern California geography.
- The John Stewart Company: California-based affordable and mixed-income housing developer and property manager with ~33,000 units statewide. Comparable in property management scale and Bay Area presence, though structured as a for-profit affiliate of The John Stewart Foundation.
- Abode Communities: Los Angeles-based nonprofit affordable housing developer with integrated supportive services. Comparable in mission, nonprofit structure, and service-enriched housing model, though concentrated in Southern California rather than MidPen's Northern California footprint.
- Tenderloin Neighborhood Development Corporation (TNDC): San Francisco-based nonprofit affordable housing developer with ~5,000 homes serving low-income residents, including significant permanent supportive housing. Comparable in service-enriched housing model and Bay Area presence, but with a smaller portfolio concentrated in a single city.
- Resources for Community Development (RCD): Berkeley-based nonprofit affordable housing developer serving the East Bay with a portfolio of ~2,000 homes. Comparable as a Bay Area nonprofit combining affordable housing development with on-site resident services, though at a smaller scale than MidPen.
- Chinatown Community Development Center (CCDC): San Francisco-based nonprofit affordable housing developer serving Chinatown and surrounding neighborhoods with affordable rental housing. Comparable as a San Francisco nonprofit developer now overlapping with MidPen's emerging SF presence following Shirley Chisholm Village.
Broad incumbents
- Related California: For-profit affiliate of The Related Companies, one of the largest affordable and mixed-income housing developers in California. Comparable in scale and product type but operates across income tiers including market-rate, while pursuing a broader national platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
MidPen Housing social profiles
Digital presenceMidPen Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
MidPen Housing leadership team
Management profileNumber of profiles
Profiles11 records
MidPen Housing subsidiaries and ownership
Company hierarchySubsidiaries2 records
MidPen Housing funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MidPen Housing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MidPen Housing
What does MidPen Housing do?
MidPen Housing is a nonprofit developer, owner, and manager of affordable rental housing. The organization develops, finances, and constructs multifamily affordable housing communities, then professionally manages the properties and delivers on-site resident services covering education, health, and economic mobility. Residents lease below-market apartments (typically 20%-80% of Area Median Income) at 140 properties totaling more than 10,400 affordable homes across 12 Northern California counties.
Is MidPen Housing a public or private company?
MidPen Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was MidPen Housing founded?
MidPen Housing was founded in 1970. It employs 501 to 1,000 people.
Where is MidPen Housing based?
MidPen Housing is headquartered in Foster City, United States, in the North America region.
How does MidPen Housing make money?
Three revenue lines are on record. Affordable Housing Rents are the primary driver. The others are government Funding and Grants and property Management Services.
Who are MidPen Housing's main competitors?
Direct peers on record are BRIDGE Housing, Mercy Housing, EAH Housing, Eden Housing, The John Stewart Company, Abode Communities, Tenderloin Neighborhood Development Corporation (TNDC), Resources for Community Development (RCD) and Chinatown Community Development Center (CCDC). Related California is listed as a broad incumbent.
Does MidPen Housing have an API?
No public API is recorded for MidPen Housing.