Mutual Housing
Mutual Housing California is a Sacramento-based nonprofit that develops, owns, and operates 21 affordable housing communities (1,463 homes) housing over 3,900 low-income residents across Sacramento and Yolo Counties, with integrated resident services and sustainable building practices.
- Company typePrivate
- Founded1988
- HeadquartersSacramento, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Mutual Housing does
Mutual Housing California is a nonprofit affordable housing developer and operator incorporated in 1988 in Sacramento, California. The organization owns and operates 21 affordable housing communities comprising 1,463 homes across Sacramento and Yolo Counties, housing over 3,900 residents in units ranging from studios to 5-bedroom apartments. Its core products include permanent affordable rental housing (with rents from approximately $479 to $1,885 per month depending on unit size and property), community/resident leadership development programs, and ancillary resident services such as after-school enrichment, financial education, food distribution, and ZipCar car-share. The organization has pioneered sustainable building practices in the affordable housing sector, including the nation's first Zero Net Energy certified rental housing development (2015), early multifamily solar integration in the SMUD service area (2002), and the first LGBTQ-affirming senior housing community in California (May 2022).
The business model is hybrid: the organization generates recurring rental income from owned and operated properties (the primary revenue stream), supplemented by development fees and capital raised from public agencies, corporate partners, and grants for new construction and rehabilitation. Distribution occurs through direct property leasing, the RentCafe online platform powering mutualhousing.com, and referrals from healthcare and social service partners (e.g., Health Net) who frame stable housing as a social determinant of health. Capital structure relies on LIHTC, state and federal affordable housing programs, corporate social investment (e.g., $1M Health Net grant in April 2026 for phase two of San Juan Apartments), and nonprofit debt instruments. The customer base is segmented into low-income families, seniors (including an LGBTQ-affirming subset), students in Davis, and Sacramento/Yolo County residents more broadly, all served under permanent affordability covenants rather than transitional support.
Mutual Housing California recently accelerated its development pipeline, leasing up 385 units across 4 projects between November 2023 and August 2024, and is actively executing additional developments including San Juan Apartments phase two (100+ senior units), Fairview Terrace in Stockton (geographic expansion), and a joint venture with CADA adding nearly 375 units across Sakura (Midtown Sacramento) and Monarch (Downtown Sacramento). The leadership team — led by CEO Craig Adelman (former Deputy Director at San Francisco Mayor's Office of Housing, Managing Director at LIIF on the $90M SPARCC initiative) and a board that includes former HUD and CalHFA executives — reflects deep institutional capability in affordable housing finance, public-private partnerships, and sustainable development.
Mutual Housing firmographics
Firmographics- Name
- Mutual Housing
- Legal name
- Mutual Housing Management
- Website
- https://mutualhousing.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Mutual Housing California is a Sacramento-based nonprofit that develops, owns, and operates 21 affordable housing communities (1,463 homes) housing over 3,900 low-income residents across Sacramento and Yolo Counties, with integrated resident services and sustainable building practices.
- Ownership category
- akta.pro rank
Mutual Housing industry classification
Industry- Product category
- Affordable Housing
- NAICS
- Lessors of Real Estate (5311), Rental and Leasing Services (532)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Senior & Transitional Monthly Housing (THAMAFAJ)
Keywords
Where Mutual Housing is headquartered
LocationHeadquarters
- HQ city
- Sacramento
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Mutual Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Rental Operations: Mutual Housing California owns and operates 1,463 affordable homes, generating rental income from residents. Properties include various unit types from studio to 5-bedroom apartments with rents ranging from approximately $479 to $1,885 per month depending on unit size and location.
- Housing Development: The organization develops new affordable housing communities, acquiring and rehabilitating properties, and constructing new developments. Revenue comes from development fees, public funding, and private investment in housing projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Studio and 1-bedroom units |
| Subscription | Monthly | 2-3 bedroom family units |
| Subscription | Monthly | Larger 4-5 bedroom units |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Mutual Housing product offering
Product offeringCore offering
Mutual Housing California is a nonprofit affordable housing developer and operator that develops, owns, and manages 21 affordable housing communities across Sacramento and Yolo Counties, providing 1,463 rental homes (studios to 5-bedroom units) to over 3,900 lower-income residents. Monthly rents range from approximately $479 to $1,885 depending on unit size and location, and the organization pairs housing with resident services, leadership development programs, and community-building initiatives.
Product overview
Mutual Housing California operates as a nonprofit affordable housing developer and property manager offering 21 housing communities across Sacramento and Yolo Counties with over 1,463 homes housing over 3,900 residents. The portfolio includes properties ranging from studios to 5-bedroom units with amenities such as fitness centers, pools, playgrounds, and EV charging. Beyond housing, the organization provides resident programs including After School Homework and Enrichment, Summer Lunch & Learning Programs, Maximizing Your Credit Program, Car Share Programs (via ZipCar), Green Leaders Programs, and Food Distribution. The organization is scaling up with 4 pipeline projects adding 385 units leased between November 2023 and August 2024, including San Juan Apartments, Fairview Terrace, Sakura, and Monarch developments.
Differentiator
Problem solved
Functional benefit
Brands
- San Juan One: A Mutual Housing Community property located at 5300 Young Street, Sacramento, CA 95824
- Cornerstone
- Mutual Housing on the Boulevard
- The Westerner
- New Harmony
Products and services
- Affordable Housing Portfolio A portfolio of 21 affordable rental housing communities in Sacramento and Yolo Counties totaling 1,463 homes housing over 3,900 lower-income residents. Units range from studios to 5-bedroom apartments with rents from approximately $479 to $1,885 per month, all subject to income eligibility.
- Wong Center
Quantifiable outcome
- Developed the nation's first rental housing development certified Zero Net Energy (2015)
- +2 more outcomes
Companies that use Mutual Housing
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Mutual Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Mutual Housing partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered major, core and minor.
- Habitat for HumanitymajorJoint development of Cornerstone, a Mutual Housing and Habitat for Humanity Community, providing affordable housing at 4550 Le Donne Drive, Sacramento, CA 95823.
- Sacramento Area Council of Governments (SACOG)majorSACOG partnered with Mutual Housing California for the Green Means Go infrastructure program supporting affordable housing development.
- SMUD (Sacramento Municipal Utility District)corePartnership for sustainable housing development including solar energy integration in SMUD service area.
- WellSpace HealthcoreHealth partner providing services to residents at Mutual Housing communities.
- Davis Joint Unified School DistrictcoreEducational partnership supporting residents with school-age children in Davis communities.
- Elk Grove Unified School DistrictcoreEducational partnership supporting residents with school-age children in Elk Grove communities.
- Twin Rivers Unified School DistrictcoreEducational partnership supporting residents with school-age children in Sacramento communities.
- Empower YolocoreFinancial capability partnership providing services to Yolo County residents.
- Legal Services of Northern CaliforniacoreLegal services partnership providing support to residents.
- Davis Community MealsminorFood distribution partnership serving Davis communities.
- Grid Alternatives North ValleyminorPartnership for solar and renewable energy installations at properties.
- Yolo County Transportation DistrictminorTransportation partnership supporting resident mobility in Yolo County.
- Sunseri ConstructionminorConstruction services provider for property development.
Scale indicators5 records
Recent moves1 record
Mutual Housing competitors and assessment
Company assessmentDirect peers
- MidPen Housing: Northern California nonprofit affordable housing developer and operator serving low-income families, seniors, and special populations. Operates a comparable portfolio model of permanent affordable rentals with on-site services and resident programs in similar Sacramento and Bay Area markets.
- EAH Housing: California-based nonprofit affordable housing provider managing over 12,000 units of affordable rental housing. Directly comparable in property management, LIHTC-financed development, and resident services for low-income families and seniors.
- BRIDGE Housing: California-focused nonprofit affordable housing developer operating across Northern and Southern California. Similar mission of building and operating affordable rental communities for low-income families, with comparable reliance on LIHTC and public-private partnerships in the same geographic markets.
- Habitat for Humanity Greater Sacramento: Local affiliate of the national Habitat for Humanity network and active co-development partner with Mutual Housing on the Cornerstone community. Both organizations pursue affordable housing for lower-income families with strong volunteer and partnership ecosystems.
- Mercy Housing: National nonprofit affordable housing developer and operator with a comparable resident services model. VP of Community Development Kristen Zach and Director of Communications Steven Root both previously worked at Mercy Housing, indicating direct operational comparability in resident services, property management, and affordable multifamily development.
- National CORE: Large California-based nonprofit affordable housing developer with a focus on senior housing, similar to Mutual Housing's San Juan Apartments and LGBTQ-affirming senior initiatives. Operates a comparable resident services and property management model across the state.
- John Stewart Company: California-based affordable housing property management and development firm. Operates a comparable portfolio of regulated affordable multifamily properties in Northern California with similar resident services and compliance-oriented operating model.
- Eden Housing: Bay Area-based nonprofit affordable housing developer managing approximately 10,000 units across California. Directly comparable in resident services programming, sustainable building practices, and partnership-driven development approach in California markets.
Broad incumbents
- Enterprise Community Partners: National nonprofit that both develops affordable housing and provides LIHTC equity, debt, and capacity-building capital. Comparable mission and overlapping relationships with many of the same federal, state, and healthcare funding sources that Mutual Housing relies on.
- Related California (Related Companies): Major national real estate developer with a significant affordable housing division operating in California. Larger scale and broader portfolio but operates affordable multifamily communities with comparable resident services and partnership-driven development in overlapping Sacramento and Northern California markets.
Market position
Strengths5 records
Weaknesses5 records
Key risks6 records
Key highlights7 records
Customer concentration
Mutual Housing social profiles
Digital presenceMutual Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mutual Housing leadership team
Management profileNumber of profiles
Profiles25 records
Mutual Housing funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mutual 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 Mutual Housing
What does Mutual Housing do?
Mutual Housing California is a nonprofit affordable housing developer and operator that develops, owns, and manages 21 affordable housing communities across Sacramento and Yolo Counties, providing 1,463 rental homes (studios to 5-bedroom units) to over 3,900 lower-income residents. Monthly rents range from approximately $479 to $1,885 depending on unit size and location, and the organization pairs housing with resident services, leadership development programs, and community-building initiatives.
Is Mutual Housing a public or private company?
Mutual Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Mutual Housing founded?
Mutual Housing was founded in 1988. It employs 51 to 100 people.
Where is Mutual Housing based?
Mutual Housing is headquartered in Sacramento, United States, in the North America region.
How does Mutual Housing make money?
Two revenue lines are on record. Rental Operations are the primary driver. The others are housing Development.
Who are Mutual Housing's main competitors?
Direct peers on record are MidPen Housing, EAH Housing, BRIDGE Housing, Habitat for Humanity Greater Sacramento, Mercy Housing, National CORE, John Stewart Company and Eden Housing. Broad incumbents are Enterprise Community Partners and Related California (Related Companies).
Does Mutual Housing have an API?
No public API is recorded for Mutual Housing.
What industry is Mutual Housing in?
Mutual Housing's product category is Affordable Housing. Its primary akta.pro industry code is THAMAFAJ, Senior & Transitional Monthly Housing. Its NAICS code is 5311 and its SIC code is 6531.