About Housing Diversity Corporation
Our Evolution
HDC started with a stubborn problem: producing affordable housing is constrained less by demand than by the availability of financing tools to build it.
For most of our history, our deepest constraint was sourcing LIHTC at scale. So we built around it and produced nearly 3,000 homes without waiting for tax credits.
The rules are beginning to catch up. 100% Bonus Depreciation was restored, and OZ 2.0 was enacted in 2025. The approach we pioneered became the foundation everyone needed.
Each deal has different requirements to make it go: a site, a partner, a building, a population, a moment — so each gets a different mix of ingredients — tax-exempt bonds, 4% LIHTC, Opportunity Zones, Historic Tax Credits, CRA-qualified structures, master leasing, and affordable-by-design principles that underpin it all. The right combination keeps housing production moving through the ups and downs of the real estate cycle.
The mission remains the same: more homes, for more people, in the places they want to stay. The tools keep evolving.
HDC works in partnership with leading institutions, including Amazon, Enterprise Community Partners, and United Way of Greater Los Angeles — bringing together corporate capital, mission finance, and community investment to deliver affordable housing at scale.
Essential Housing Defined
Essential Housing addresses the critical “missing middle” gap in America’s housing system:
- Essential to Residents: Providing quality homes near jobs, transit, and opportunities
- Essential to Communities: Maintaining economic diversity and neighborhood vibrancy
- Essential to Employers: Supporting workforce recruitment and retention
- Essential to Municipalities: Meeting housing mandates with minimal public resources
Our Essential Housing approach serves households earning 0-120% of Area Median Income—a spectrum that traditional affordable and market-rate housing often miss. This includes teachers, healthcare workers, first responders, service employees, and many others who keep our communities functioning.
Location Strategy: Access to Opportunity
We strategically locate developments where residents can access opportunity:
- Transit hubs with direct connections to employment centers
- Fresh food markets and healthy eating options
- Healthcare facilities and wellness resources
- Educational institutions from K-12 to higher education
- Parks, libraries, and community spaces
With an average Walk Score® of 91 across our portfolio, HDC developments exemplify sustainable urban living where daily necessities are just a short walk away.
Corporate Values
Stewards
Trusted with people, place, and capital.
Learners
We look where others don’t.
Collaborative
None of us build this alone.
Humanistic
People first. Every decision starts there.
Adaptable
Every tool available. Always innovating.