Mission Housing Development

What Mission Housing Development does

Mission Housing Development Corporation is a nonprofit 501(c)(3) affordable housing developer founded in 1971 and headquartered at 474 Valencia Street in San Francisco's Mission District. The organization develops, owns, and preserves affordable housing serving low-income families (under 80% of Area Median Income), seniors, and formerly homeless individuals placed through San Francisco's coordinated entry system. Mission Housing operates a portfolio of approximately 1,800 units across 39 buildings serving over 3,500 residents, with property management delivered through its wholly-owned subsidiary Caritas Management Corporation (established 1982) and third-party partners including The John Stewart Company and FPI Management. Its signature existing asset, Valencia Gardens, is a 260-unit family and senior complex completed in 2006, and its flagship in-development project, La Maravilla/The Marvel in the Mission, is a 382-unit, three-phase affordable housing community at the 16th and Mission BART site, co-developed with MEDA.

The organization's core service stack combines physical real estate development with wraparound resident services and community programs, including 50+ on-site service partners, the AHORA paid internship for community college students, Senior Walking Club wellness programming, annual Thanksgiving turkey distributions, and the Wiese Alley artistic transformation project funded through a Community Challenge Grant. Mission Housing finances development through a stack of MOHCD loans and tax-exempt bonds, LIHTC equity from bank investors, grants, and philanthropic contributions, with rents structured by AMI tier under federal and local affordable housing guidelines. Unit allocations flow through San Francisco's DAHLIA housing portal and coordinated entry referrals from the Department of Homelessness and Supportive Housing. The 2024–2028 Strategic Plan and the September 2025 launch of the San Francisco Revival initiative mark a deliberate shift toward citywide narrative-building and operational scale, complemented by the March 2026 launch of the Cultivation Network philanthropic membership program.

Name

Mission Housing Development

Legal name

Mission Housing Development Corporation

Website

https://missionhousing.org

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

Mission Housing Development Corporation is a San Francisco nonprofit affordable housing developer founded in 1971 that operates 1,800 units across 39 buildings serving 3,500+ low-income families, seniors, and formerly homeless residents, anchored by the 382-unit La Maravilla development co-built with MEDA.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Community Housing Services (62422), Other Community Housing Services (624229)

SIC

Operators Of Apartment Buildings (6513), Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Affordable housing development
• Supportive housing services
• Nonprofit community development
• Permanent supportive housing
• Low-income housing tax credits

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Philanthropic Membership (Cultivation Network): Membership-based community of philanthropic givers, corporate partners, and grassroots changemakers who contribute financial support. Founding Members offered recognition and exclusive access to events including the 55th Anniversary Gala.
2. Low Income Housing Tax Credit (LIHTC) Investments: Attracts investment capital from banks and financial institutions through Low Income Housing Tax Credit programs, which provide investors with tax benefits in exchange for equity in affordable housing developments.
3. Government Grants and Subsidies: Receives funding from government sources including the Mayor's Office of Housing & Community Development (MOHCD), Department of Homelessness and Supportive Housing, and Breaking the Cycle Fund for affordable housing development and resident services.
4. Community Challenge Grants: City of San Francisco grants supporting community-led neighborhood improvement projects such as the Wiese Alley artistic transformation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Mission Housing Development Corporation is a nonprofit affordable housing developer that creates and preserves service-enriched affordable rental housing for low-income families, seniors, and formerly homeless individuals in San Francisco. The organization operates approximately 1,800 units across 39 buildings, serving over 3,500 residents, and delivers wraparound resident services including food security, wellness programs, youth development, and community engagement initiatives.

Product overview

Mission Housing Development Corporation is a nonprofit affordable housing developer offering property management, resident services, and community development programs. The organization operates a portfolio of housing developments (including Valencia Gardens and the La Maravilla/The Marvel project), manages properties through subsidiary Caritas Management Corporation and partners like FPI Management and John Stewart Company, and runs community programs including the AHORA workforce internship, Cultivation Network philanthropy network, San Francisco Revival initiative, and resident wellness programs.

Differentiator

Problem solved

Functional benefit

Brands

• San Francisco Revival: A citywide initiative celebrating the resilience, creativity, and renewal of San Francisco through four pillars: affordable housing, youth development, public narrative, and community empowerment.
• Cultivation Network

Products and services

• Valencia Gardens A 260-unit affordable housing complex in San Francisco's Inner Mission District, consisting of 218 family flats and townhouse apartments (1-4 bedrooms) plus 42 senior apartments. Includes a community center, property management offices, daycare, and learning center. Target residents are low-income families and seniors.
• La Maravilla / The Marvel in the Mission A 382-unit affordable housing development at 1979 Mission Street in San Francisco's Mission District. Phase 1 includes 136 units of Permanent Supportive Housing; Phases 2 and 3 will add 134 and 112 affordable family housing units respectively. Co-developed with MEDA.
• Valencia Gardens Turkey Distribution

Quantifiable outcome

• Over 3,500 residents served across housing portfolio
• +3 more outcomes

Named customers4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered supporting, flagship/primary and core.

• Mission GraduatessupportingStrategic or Co-development Partner · 13 April 2025Youth development organization collaborating on Wiese Alley artistic transformation through the Community Challenge Grant program, part of San Francisco Revival initiative.
• Mission Economic Development Agency (MEDA)flagship/primaryStrategic or Co-development Partner · 6 December 2023Co-development partnership for La Maravilla/The Marvel in the Mission project at 1979 Mission Street. Mission Housing and MEDA were selected by MOHCD through an RFQ process to develop approximately 350-382 affordable homes at the 16th and Mission BART site. MEDA brings holistic service model integration alongside construction.
• Caritas Management CorporationcoreChannel Partner/ Reseller/ DistributorIndependent for-profit subsidiary created in 1982 that provides professional property management services to Mission Housing developments. Manages portfolio including Alcantara Court, Abel Gonzalez, Altamont Hotel, Apollo Hotel, and Rich Sorro Commons. Homegrown, neighborhood-based company rooted in Mission Housing philosophy.
• The John Stewart CompanycoreChannel Partner/ Reseller/ DistributorLargest affordable housing management provider in California (ranked 6th nationwide by NAAHMA). Manages Valencia Gardens property with staff backgrounds in real estate, finance, education, sociology, land use planning, public policy, architecture, engineering, construction, accounting and communication.
• FPI ManagementsupportingChannel Partner/ Reseller/ DistributorProperty management firm with corporate culture grounded in HEART values (Humility, Excellence, Accountability, Respect, Teamwork). Manages multiple Mission Housing properties including Betel Apartments, Colosimo Apartments, and Apartmentos de la Esperanza.
• Plaza 16 CoalitioncoreStrategic or Co-development PartnerCommunity advocacy coalition that fought for over a decade for affordable housing at the 16th and Mission BART site. Coalition's organizing efforts led to the selection of Mission Housing and MEDA as developers.
• Mission GraduatessupportingStrategic or Co-development PartnerPartner in Affordable Housing Youth Tours as part of the San Francisco Revival initiative, providing career pathway exposure for students in affordable housing and construction sectors.
• Youth Art ExchangesupportingStrategic or Co-development PartnerArts organization partner for Wiese Alley artistic transformation project, contributing to youth empowerment and community beautification.
• Asociación MayabsupportingStrategic or Co-development PartnerCommunity partner in the Wiese Alley artistic transformation project, part of broader San Francisco Revival community engagement.
• University of San FranciscosupportingStrategic or Co-development PartnerAcademic partner collaborating on Wiese Alley artistic transformation project through the Community Challenge Grant program.
• Mithun (Architecture Firm)supportingStrategic or Co-development PartnerArchitecture firm serving as design architect for La Maravilla/Marvel in the Mission project, bringing decades of experience designing for the common good.
• Herman Coliver Locus ArchitecturesupportingStrategic or Co-development PartnerArchitecture firm partnering on La Maravilla/Marvel in the Mission development team alongside Mithun and development partners Mission Housing and MEDA.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• BRIDGE Housing: Major Bay Area and California nonprofit affordable housing developer with a portfolio of tens of thousands of units; comparable to Mission Housing in use of LIHTC, tax-exempt bonds, and MOHCD-style local government financing, though at meaningfully larger scale and geographic reach.
• Mercy Housing California: National nonprofit affordable housing developer with deep California presence; comparable to Mission Housing in combining affordable rental housing with resident services programs and reliance on LIHTC and government subsidies.
• Tenderloin Neighborhood Development Corporation (TNDC): One of San Francisco's largest nonprofit affordable housing developers, operating thousands of units across multiple neighborhoods with wraparound services for formerly homeless, low-income, and seniors; directly comparable in scale, mission, and financing model to Mission Housing.
• Eden Housing: Bay Area nonprofit affordable housing developer operating thousands of units across Northern California; comparable to Mission Housing in mission, financing structure (LIHTC, government loans), and service-enriched approach, though with broader geographic footprint.
• MidPen Housing: Foster City-based nonprofit affordable housing developer serving the Bay Area with a comparable model of building, managing, and providing services at affordable properties; uses similar LIHTC, tax-exempt bond, and local government financing structures.
• Mission Economic Development Agency (MEDA): Co-development partner with Mission Housing on La Maravilla; similarly a San Francisco-based nonprofit serving the Mission District with a holistic community development model combining affordable housing, economic empowerment, and resident services.
• Chinatown Community Development Center (CCDC): San Francisco nonprofit affordable housing developer serving Chinatown and the broader city with a community-based model similar to Mission Housing, including resident services, commercial space for small businesses, and partnerships with MOHCD.

Broad incumbents

• Related California: Major national affordable and mixed-income housing developer with substantial California activity; competes with Mission Housing for MOHCD RFQs and LIHTC allocations while operating at much larger scale and with mixed-income/market-rate components.
• Enterprise Community Partners: National nonprofit affordable housing organization combining development, capital deployment, and policy advocacy; comparable as both a peer developer and a capital partner that competes with Mission Housing for LIHTC equity and project opportunities.

Others

• Caritas Management Corporation: Wholly-owned subsidiary of Mission Housing providing property management; included here as a related entity comparable to other third-party affordable housing property managers like The John Stewart Company, illustrating the operating ecosystem in which Mission Housing competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@missionhousingdevcorp
• Facebookfacebook.com/MissionHousing
• LinkedInlinkedin.com/company/mission-housing-development-corporation
• Instagraminstagram.com/missionhousing
• Xx.com/missionhousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Mission Housing Development