USA Properties Fund is one of the nation's largest affordable housing owners in the nation, and was among the leading developers in 2020, according to a just-released report by Affordable Housing Finance.
The company ranked No. 41 on Affordable Housing Finance's closely watched Affordable Housing Owners list, with 10,735 affordable units at 84 communities in California and Nevada.
USA Properties, which is celebrating its 40th anniversary this year, has been aggressively building affordable housing for decades – and has increased production in recent years.
The Roseville-based company ranked No. 13 on the Affordable Housing Finance Developers list with 983 affordable housing units in the works as of Jan. 1, 2021 – only about 150 shy from landing in the top 10.
USA Properties expanded into market-rate apartment communities several years ago, and has developments in the Bay Area, the Sacramento region and Southern California.
“We remain as committed as ever to building affordable apartment communities that provide much-needed housing for low-income residents and investing in neighborhoods and communities,” said Geoff Brown, President of USA Properties. “We're very proud of our accomplishments and being recognized on the Affordable Housing Finance lists that highlight our ongoing efforts and hard work to provide quality housing.”