Foundation for Affordable Housing
Foundation for Affordable Housing is an Oregon-based 501(c)(3) nonprofit affordable housing developer and owner, operating ~300 properties across 17 states with ~38,000-50,000 units serving low-income families, seniors, veterans, and special-needs households.
- Company typePrivate
- Founded1996
- HeadquartersLaguna Beach, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Foundation for Affordable Housing does
Foundation for Affordable Housing (FFAH) is an Oregon-based 501(c)(3) public benefit nonprofit corporation founded in 1996 by Tom and Deborrah Willard that constructs, acquires, and operates affordable rental housing for low-income families, seniors, veterans, and special-needs households. The organization operates approximately 300 properties encompassing roughly 38,000-50,000 units across approximately 17 U.S. states, with rents typically set for households earning below 60% of Area Median Income (AMI). As of the 2024 Impact Report, FFAH's portfolio stood at 319 properties and 37,909 units, with projections of approximately 50,000 affordable apartment homes housing more than 100,000 people nightly by the end of 2025. FFAH monetizes its portfolio through below-market rental income, LIHTC-related partnership economics, and development fees, with the largest acquisition years in its history occurring in 2023 (7,400+ homes) and 2024 (10,000+ homes).
Foundation for Affordable Housing firmographics
Firmographics- Name
- Foundation for Affordable Housing
- Legal name
- Foundation for Affordable Housing, Inc.
- Website
- https://ffah.org
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Foundation for Affordable Housing is an Oregon-based 501(c)(3) nonprofit affordable housing developer and owner, operating ~300 properties across 17 states with ~38,000-50,000 units serving low-income families, seniors, veterans, and special-needs households.
- Ownership category
- akta.pro rank
Foundation for Affordable Housing industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Community Housing Services (624229)
- SIC
- Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)
- akta.pro secondary industries
- Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)
Keywords
Where Foundation for Affordable Housing is headquartered
LocationHeadquarters
- HQ city
- Laguna Beach
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Foundation for Affordable Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Affordable Housing Rental Operations: FFAH generates revenue through the operation of affordable housing properties. Rent is set at affordable rates for households earning below 60% of Area Median Income (AMI), supported by Low-Income Housing Tax Credit (LIHTC) structures. Properties include family communities, senior communities, and special-needs housing across approximately 17 states.
- Tax-Exempt Partnership Structures: FFAH serves as the nonprofit tax-exempt partner in LIHTC transactions, facilitating project financing and receiving benefits from the partnership structure. This is a core element of how FFAH participates in and finances affordable housing development.
- Development and Acquisition Fees: FFAH earns fees associated with the acquisition and development of affordable housing properties, including ground-up developments like Wickiup Station. The organization also benefits from public funding, grants, and state/federal programs that support affordable housing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-Based Affordable Rents (Wickiup Station) |
| Subscription | Monthly | Low-Income Housing — The Falls of Bonaventure (Weston, FL) |
| Subscription | Monthly | Cherry Creek Apartments (San Jose, CA) |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Foundation for Affordable Housing product offering
Product offeringCore offering
Foundation for Affordable Housing (FFAH) is a 501(c)(3) nonprofit that constructs, acquires, and operates affordable rental housing for low-income families, seniors, veterans, and special-needs households earning below 60% of Area Median Income (AMI). It serves as a tax-exempt limited partner in Low-Income Housing Tax Credit (LIHTC) transactions with for-profit developers, and operates the Embrace Resident Services program providing on-site enrichment, case management, and wellness support at no additional cost to residents.
Product overview
Foundation for Affordable Housing (FFAH) operates as a unified nonprofit platform providing affordable housing development, acquisition, and management services. The organization offers two interconnected product lines: (1) FFAH core housing operations, which encompass the construction, acquisition, and operation of low-income, special needs, and senior housing through a network of subsidiary nonprofit entities and affiliated organizations; and (2) Embrace Resident Services, a dedicated subsidiary nonprofit providing comprehensive on-site support programs for families and seniors including after-school programming, financial literacy, health and wellness, and veterans' services at no cost to residents. The flagship development project is Wickiup Station Apartments in La Pine, Oregon, which showcases FFAH's integrated approach combining affordable housing with Embrace services.
Differentiator
Problem solved
Functional benefit
Brands
- Embrace: Resident services program that provides community enrichment services to families and seniors in FFAH communities, offering programs such as after-school care, health and wellness activities, financial literacy workshops, and food distributions.
Products and services
- FFAH Affordable Housing Portfolio Construction, acquisition, and operation of low-income, special-needs, and senior affordable rental housing serving households earning below 60% of Area Median Income across approximately 17 states. Encompasses a portfolio of 319 properties and ~37,909 units (2024 Impact Report), projected to reach ~50,000 homes by end of 2025.
- Embrace Resident Services Proprietary resident services program providing free on-site support to families and seniors in FFAH communities, including after-school programming, health and wellness activities, financial literacy workshops, food distributions, case management, and veterans' services. Currently serves 2,326 units across over 22 family and senior properties.
- Wickiup Station Apartments Ground-up affordable housing development in La Pine, Oregon offering one-, two-, and three-bedroom units with community room, fitness center, game rooms, and mountain-view common decks. Phase 1 has 39 units; Phase 2 adds 41 apartments in Summer 2027; Phase 3 adds 21 senior living apartments in 2028. Designed in partnership with LRS Architects, SunWest Builders, and financed by Umpqua Bank.
Quantifiable outcome
- Over 60,000 people housed each night; 50,000 affordable apartment homes as of end 2025
- +3 more outcomes
Companies that use Foundation for Affordable Housing
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Foundation for Affordable Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Foundation for Affordable Housing partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core.
- Lakeland CapitalcoreFFAH partnered with Lakeland Capital on the acquisition of the Reserve at River Walk, a 220-unit multifamily community in Columbia, South Carolina. 75% of units are reserved for affordable rents. This partnership reflects shared commitment to creating affordable housing opportunities and marked Lakeland Capital's entry into the Columbia market.
- SunruncoreFFAH partnered with Sunrun for a solar installation at The Knolls affordable housing community in Orange, California. The 646-kilowatt rooftop solar system is one of California's largest solar installations for affordable housing. 89% of solar energy produced is credited to residents' accounts free of charge, saving each family an average of $60/month ($6M projected over 20 years). Project made possible through California's SOMAH program and the Inflation Reduction Act.
- Cascade ManagementcoreFFAH partners with Cascade Management as Oregon's premier property management firm to handle leasing, property operations, and resident management for properties including Wickiup Station. Cascade Management is the primary contact for prospective residents and handles day-to-day property administration.
- LRS ArchitectscoreLRS Architects is the design partner for the Wickiup Station development in La Pine, Oregon. LRS Architects brings extensive experience contributing to affordable housing in Central Oregon and provided architectural services for the ground-up development.
- SunWest BuilderscoreSunWest Builders is the construction partner for Wickiup Station, the 39-unit affordable apartment complex in La Pine, Oregon. SunWest Builders brings extensive experience and reputation for contributing to affordable housing in Central Oregon.
- Meta Housing CorporationcoreFFAH worked closely with Meta Housing Corporation as the developer to create Mosaic on Mission — a 140-unit new construction affordable apartment complex in Hayward, California for households earning 30%–70% of AMI.
- Community Preservation PartnerscoreFFAH partnered with Community Preservation Partners (CPP) on the acquisition and rehabilitation of an 18-unit apartment complex in Sacramento, California.
- City of Orange, CaliforniacoreFFAH partnered with the City of Orange and Southern California Edison for the solar installation at The Knolls. The City of Orange participated in the ribbon-cutting ceremony and partnered on this sustainability initiative for affordable housing residents.
- Southern California EdisoncoreSouthern California Edison partnered with FFAH, the City of Orange, and Sunrun for the solar installation at The Knolls affordable housing community in Orange, California.
- BLDGcoreFFAH partnered with BLDG on The Knolls affordable housing community in Orange, California, in partnership with the City of Orange. BLDG contributed to the property's preservation and improvement.
- Post Investment Group / Post Real Estate GroupcoreFFAH participated as a limited partner with Post Real Estate Group (Post Investment Group's real estate arm) in the acquisition of Cherry Creek Apartments in San Jose, California — a 130-unit property. FFAH's nonprofit tax-exempt status enables the limited partnership structure for affordable housing acquisitions.
- USA PropertiescoreFFAH partnered with USA Properties on the development of a 202-unit senior community in Orange County, California — a 100% affordable senior housing project.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Foundation for Affordable Housing competitors and assessment
Company assessmentDirect peers
- Mercy Housing: One of the largest nonprofit affordable housing developers/owners in the U.S., operating LIHTC-funded multifamily and senior communities nationwide. Directly comparable to FFAH in mission, scale, and tax-exempt LIHTC partnership model.
- Preservation of Affordable Housing (POAH): Nonprofit focused on acquiring, preserving, and operating affordable rental housing across multiple states, frequently using LIHTC and HUD programs. Closely matches FFAH's preservation-driven acquisition strategy and nonprofit tax-exempt structure.
- National Church Residences: Nonprofit developer and operator of affordable senior and family housing using LIHTC and government financing. Highly comparable to FFAH's senior housing segment and broader LIHTC-driven portfolio strategy.
- BRIDGE Housing: West Coast nonprofit affordable housing developer with substantial LIHTC and mixed-income portfolio. Comparable in mission, geographic overlap with California, and reliance on nonprofit/for-profit partnerships.
- Enterprise Community Partners: National nonprofit that develops and operates affordable housing while providing capital through LIHTC syndications. Comparable to FFAH on development activity and LIHTC intermediation, though broader in scope (financing, advocacy, development).
- The NHP Foundation: Nonprofit affordable housing owner/operator focused on preserving multifamily housing through LIHTC and HUD programs. Directly comparable to FFAH in size, preservation emphasis, and tax-exempt partnership structure.
- McCormack Baron Salazar: Mission-driven affordable housing developer with national footprint in LIHTC, mixed-finance, and HUD-assisted communities. Highly comparable to FFAH in deal structure, scale, and resident services orientation.
- AHC Inc. (Affordable Homes & Communities): Regional nonprofit developer and operator of affordable rental housing, primarily on the East Coast, with LIHTC-financed portfolio. Comparable to FFAH in operational model and resident services integration.
Others
- Hudson Housing Capital: LIHTC syndicator that partners with nonprofit and for-profit developers to raise equity for affordable housing. Adjacent to FFAH as a capital provider in the LIHTC ecosystem rather than a direct competitor.
Broad incumbents
- The Related Companies: Large diversified real estate developer with an affordable housing arm that often co-invests with nonprofit partners. Comparable to FFAH on the development/affordable side but operates at vastly greater scale and across market-rate and luxury segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Foundation for Affordable Housing social profiles
Digital presenceFoundation for Affordable Housing compliance and trust
Trust signalCompliance2 records
Foundation for Affordable Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Foundation for Affordable Housing leadership team
Management profileNumber of profiles
Profiles12 records
Foundation for Affordable Housing subsidiaries and ownership
Company hierarchySubsidiaries17 records
Foundation for Affordable Housing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Foundation for Affordable 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 Foundation for Affordable Housing
What does Foundation for Affordable Housing do?
Foundation for Affordable Housing (FFAH) is a 501(c)(3) nonprofit that constructs, acquires, and operates affordable rental housing for low-income families, seniors, veterans, and special-needs households earning below 60% of Area Median Income (AMI). It serves as a tax-exempt limited partner in Low-Income Housing Tax Credit (LIHTC) transactions with for-profit developers, and operates the Embrace Resident Services program providing on-site enrichment, case management, and wellness support at no additional cost to residents.
Is Foundation for Affordable Housing a public or private company?
Foundation for Affordable Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Foundation for Affordable Housing founded?
Foundation for Affordable Housing was founded in 1996. It employs 11 to 50 people.
Where is Foundation for Affordable Housing based?
Foundation for Affordable Housing is headquartered in Laguna Beach, United States, in the North America region.
How does Foundation for Affordable Housing make money?
Three revenue lines are on record. Affordable Housing Rental Operations are the primary driver. The others are tax-Exempt Partnership Structures and development and Acquisition Fees.
Who are Foundation for Affordable Housing's main competitors?
Direct peers on record are Mercy Housing, Preservation of Affordable Housing (POAH), National Church Residences, BRIDGE Housing, Enterprise Community Partners, The NHP Foundation, McCormack Baron Salazar and AHC Inc. (Affordable Homes & Communities). Hudson Housing Capital is listed as an others. The Related Companies is listed as a broad incumbent.
Does Foundation for Affordable Housing have an API?
No public API is recorded for Foundation for Affordable Housing.
What industry is Foundation for Affordable Housing in?
Foundation for Affordable Housing's product category is Affordable Housing Development. Its primary akta.pro industry code is FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans), with a secondary code of HLADAAAB, Affordable/Subsidized Independent Living (HUD/LIHTC) Communities. Its NAICS code is 53111 and its SIC code is 6519.