Wakeland Housing and Development Corporation

What Wakeland Housing and Development Corporation does

Wakeland Housing and Development Corporation is a California-incorporated nonprofit affordable housing developer and operator founded in 1998 and headquartered at 1230 Columbia Street, Suite 950, San Diego, with a secondary office in Los Angeles. Since founding, Wakeland has created or preserved more than 9,000 affordable homes throughout California and currently operates a portfolio of 6,500+ affordable units across San Diego, Los Angeles, Riverside, and (since a 2018 acquisition) Albuquerque, New Mexico. The organization serves low-income working families earning 30-60% of Area Median Income, seniors age 55+, veterans including those with service-related disabilities, transition-age youth, and individuals and families experiencing homelessness, with rents set on a monthly subscription basis tied to tenant income and unit size. A defining element of the model is a permanent supportive housing program that pairs affordable units with wraparound social, medical, and case-management services delivered through partnerships with PATH, Mercy House, The People Concern, St. Paul's PACE, and Community Research Foundation, producing a 97% resident stability rate and 96% services participation rate.

Name

Wakeland Housing and Development Corporation

Legal name

Wakeland Housing and Development Corporation

Website

https://wakelandhdc.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Wakeland Housing and Development Corporation is a San Diego-based nonprofit founded in 1998 that develops, owns, and operates affordable and supportive rental housing for low-income families, seniors, veterans, transition-age youth, and people experiencing homelessness across California and New Mexico, with 6,500+ homes in its operating portfolio and wraparound resident services delivered through community partners.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Rental and Leasing Services (532), Other Residential Care Facilities (62399), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Residential Care Facilities (6239)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Homelessness Prevention, Shelter & Supportive Housing Services (BPAIANAC), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)

Keywords

• Affordable housing development
• Supportive housing services
• Property management
• Low-income housing
• Resident services

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Affordable Housing Development: Wakeland develops, acquires, and rehabilitates affordable housing properties. Revenue comes from development fees, tax credit equity, construction financing, and permanent loans. Properties are owned and operated by Wakeland or in partnership with investors.
2. Property Management: Wakeland operates its own portfolio of 6,500+ affordable homes. Revenue comes from rental income, government subsidies, and tax credit proceeds.
3. Resident Services: Wakeland provides resident services including youth programs, adult education, financial literacy, and supportive services. These programs are funded through partnerships with service providers and government grants.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Wakeland Housing and Development Corporation develops, acquires, rehabilitates, owns, and operates affordable rental housing properties throughout California, including permanent supportive housing for people exiting homelessness. The nonprofit pairs housing with wraparound resident services such as youth programs, financial literacy, adult/senior services, and supportive services delivered through partner agencies. As of 2024 the organization has created and preserved more than 9,000 affordable homes and currently manages an operating portfolio of 6,500+ units.

Product overview

Wakeland Housing and Development Corporation is a nonprofit affordable housing developer and operator established in 1998, offering a portfolio of housing communities and resident services across California. The core product is affordable rental housing paired with impactful resident services. The portfolio includes general affordable housing communities (La Entrada, Ocean Beach project), supportive housing properties (Atmosphere, The Beacon, Mission Heritage Plaza, Casa Anita, The Quincy), and senior supportive housing (Talmadge Gateway, Trinity Place, Ivy Senior Apartments, Amani Apartments, The Chesterfield, The Wilcox). LEED Platinum-certified properties include Los Vecinos (42 units in Chula Vista) and Parkside (77 units in Downtown San Diego). Resident services include youth programs, adult/senior services, financial literacy (CORE program), and supportive services partnerships. Wakeland has created and preserved more than 9,000 affordable homes since 1998.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Communities High-quality affordable rental housing for low-income working families, seniors, veterans, and people exiting homelessness throughout California. The portfolio includes properties across San Diego, Los Angeles, Riverside, and other California communities.
• Supportive Housing Permanent supportive housing communities combining affordable housing with social and medical services to help individuals and families transition from homelessness and achieve housing stability. Includes The Beacon and The Quincy.
• Senior Supportive Housing Specialized housing for seniors including communities providing permanent housing for formerly homeless seniors with supportive services.
• Resident Services On-site and off-site supportive services including youth services (after-school tutoring), adult and senior services, financial literacy programs, health and wellness resources, and supportive services for residents at supportive housing properties.
• CORE (Creating Opportunities for Resident Enrichment) Resident savings program that teaches healthy savings habits through bank savings match programs, helping residents build financial stability.
• Development Services Comprehensive development services including financing, entitlements, construction management, and community engagement for affordable housing projects.
• Youth Services (After-School Program) After-school enrichment activities and homework support programs for school-age children living at Wakeland properties.
• La Entrada Affordable housing community in Riverside, CA completed in 2024 with 64 homes including 56 units for families earning 30-60% AMI and 8 Permanent Supportive Housing units for people facing homelessness.
• The Quincy Supportive housing community in Pico-Union neighborhood of Los Angeles opened December 2023 with 53 supportive homes for extremely low-income, homeless seniors age 55+ with serious mental disorders.
• Los Vecinos 42-unit LEED Platinum-certified affordable housing development in Chula Vista, CA. First 100% solar-powered, LEED Platinum affordable housing in San Diego County, featuring extensive green building practices and energy efficiency.
• Parkside

Quantifiable outcome

• 97% of residents at supportive housing properties remain stably housed
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Scatena Media GroupcoreGTM or Marketing PartnerScatena Media Group handles Wakeland's public relations, with CEO Denise Scatena and Director Ann Marie Price available for media inquiries.
• St. Paul's Program of All Inclusive Care for the Elderly (PACE)coreStrategic or Co-development PartnerWakeland partners with St. Paul's PACE to provide health and wellness services to residents at supportive housing communities.
• Community Research FoundationcoreStrategic or Co-development PartnerWakeland partners with Community Research Foundation to provide supportive services at housing communities.
• PATH (People Assisting the Homeless)coreStrategic or Co-development PartnerPATH provides supportive services to residents at Wakeland's supportive housing properties, helping homeless individuals achieve stability.
• The People Concern (TPC)coreStrategic or Co-development PartnerTPC provides wraparound support services for residents at The Quincy supportive housing property in Los Angeles.
• Mercy HousecoreStrategic or Co-development PartnerMercy House provides wraparound support services for residents living in PSH apartments at La Entrada in Riverside.
• ConAm ManagementminorChannel Partner/ Reseller/ DistributorConAm Management handles property management and leasing for La Entrada property.
• Global Green USAminorImplementation/ SI/ Consulting PartnerGreen building consultant providing sustainability expertise and LEED certification guidance for Wakeland projects.
• Wermers Construction CompanyminorImplementation/ SI/ Consulting PartnerGeneral contractor for Los Vecinos project and other Wakeland developments.
• Rodriguez Associates Architects & PlannersminorImplementation/ SI/ Consulting PartnerArchitectural firm that designed Los Vecinos and other Wakeland projects.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Abode Communities: Southern California nonprofit developing affordable and supportive housing with comparable resident-services model and LIHTC-financed development pipeline across LA and surrounding counties.
• LINC Housing: Long-standing California nonprofit developer of affordable and permanent supportive housing with comparable operating model and supportive housing partnerships; a close comp on scale and service-intensive PSH operations.
• Chelsea Investment Corporation: California-based affordable housing developer specializing in LIHTC-financed family and senior housing. Comparable in development pipeline focus, tax credit expertise, and multi-jurisdictional California operations.
• BRIDGE Housing Corporation: One of the largest nonprofit affordable housing developers in California with a comparable portfolio of LIHTC and supportive housing communities across the Bay Area, Sacramento, and Southern California. Directly comparable in mission, development model, and reliance on California LIHTC and public financing.
• Midpen Housing: Bay Area nonprofit affordable housing developer operating roughly 5,000+ units of family, senior, and supportive housing with comparable LIHTC-financed development pipeline.
• EAH Housing: Nonprofit affordable housing developer and manager with a multi-thousand-unit California portfolio of family, senior, and supportive housing. Peter Armstrong (Wakeland's VP of Real Estate Development) previously worked at EAH, signaling close comparability in operating model and talent pool.
• Eden Housing: California-focused nonprofit affordable housing developer with a portfolio of family, senior, and supportive housing. Highly comparable in development methodology, supportive housing wraparound services, and reliance on state LIHTC awards.
• Mercy Housing California: National nonprofit with a large California footprint developing and operating affordable and supportive housing with wraparound services. Comparable in mission, resident-services model, and reliance on LIHTC and public financing.

Broad incumbents

• Enterprise Community Partners: National nonprofit affordable housing leader with significantly larger scale and a broader mission spanning real estate development, lending, and policy. Comparable in product type but operates at materially greater scale and geographic breadth than Wakeland.
• Related California (The Related Companies): Major national affordable and mixed-income housing developer with significant California operations. Comparable in affordable housing product and supportive housing work, but operates as part of a much larger for-profit platform with deeper capital access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/336514

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Wakeland Housing and Development Corporation