Rent-subsidized housing
Supported by programs such as project-based Section 8.
Preserving communities. Creating opportunity.
Preserving affordable housing across California.
Preserve Housing acquires, improves, and stewards multifamily affordable and workforce housing, keeping homes affordable and communities strong for the long term.
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Acquire
We invest in multifamily properties across California’s affordable and workforce housing market.
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Improve
Thoughtful, light-to-moderate renovations modernize homes and improve the resident experience.
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Preserve
We implement, maintain, or extend affordability restrictions so homes stay within reach.
Who we serve
Households earning up to 120% of Area Median Income
0%
30%
50%
80%
120%
150% AMI
Extremely low, 0–30%
Very low, 30–50%
Low, 50–80%
Moderate, 80–120%
Good housing is more than a building.
In every property, we look for ways to improve residents’ lives and the surrounding community, through resident services, energy efficiency, thoughtful design, and shared amenities.
Investment Strategy
Acquire, improve, and preserve.
Preserve Housing acquires, improves, and preserves affordable and workforce apartment communities across California, serving households earning up to 120% of Area Median Income (AMI) through private capital and public-private partnerships.
We acquire and stabilize multifamily properties through light-to-moderate renovations, while implementing, maintaining, or extending affordability restrictions.
What we invest in
Across the spectrum of affordable housing
Income-restricted housing
Rents set by affordability agreements.
Naturally occurring affordable housing
Moderate rents in well-located, aging buildings.
We look for properties with sound fundamentals and room to improve, where modest, well-planned investment can strengthen operations, resident experience, and long-term value.
Risk profileCore Plus
Return targetValue-add-like returns
Why affordable and workforce housing
California’s affordability challenge is deep and persistent.
25/ 100
35/ 100
Source: National Low Income Housing Coalition, 2026 report.
The investment case
Several factors support the long-term case in California
- Rent growthCalifornia has historically seen strong rent growth.
- Lasting demandDemand for homes people can afford continues to outpace supply.
- Supply barriersHigh construction costs and complex entitlement processes make building new supply difficult.
- Access to financingAgency lenders offer programs built for affordable housing.
- IncentivesTax abatements, energy efficiency incentives, and resident service grants are available in California.
- Stable incomeProject-based Section 8 contracts provide a dependable income stream for subsidized properties.
Interested in partnering with us?
Contact Preserve Housing
Impact
Good housing is more than a building.
In every property, we look for ways to improve residents’ lives and the surrounding community.
- Resident services
- Programs that support the people who live here.
- Energy efficiency
- Upgrades that reduce utility costs and environmental impact.
- Art and design
- Thoughtful design is a right, not a luxury.
- Fitness and play
- Fitness and playground amenities that bring neighbors together.
People
Utilities
Place
Community
Learn how we invest.
Investment strategy
About
A California focused multifamily investment platform.
Preserve Housing is dedicated to acquiring, stabilizing, and preserving multifamily affordable and workforce housing. Our mission is to provide safe, dignified, and sustainable housing for low-to-moderate income communities while fostering local economic empowerment.
What guides us
- Stewardship
- We invest where the long-term plan fits both the property and the needs of its residents.
- Partnership
- Affordable housing works best when private capital and public partners work together. Our team has experience building public-private partnerships.
- Impact
- We invest in resident services, energy efficiency, and thoughtful design so our properties improve residents’ lives and strengthen the surrounding community.
Let’s talk about preserving housing together.
Contact us
Contact
Get in touch.
To learn more about Preserve Housing, send us a note.