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Impact Awards: Multifamily development of the year for Los Angeles

by Adina Eaton | Mar 26, 2025

A Los Angeles supportive housing development demonstrates how private capital and public partnerships can streamline how cities approach the development of housing for the homeless, according to its...

About Housing Diversity

Housing Diversity Corporation (HDC) is a leading impact investment fund manager and real estate developer pioneering innovative housing solutions. We create high-quality housing across the affordability spectrum (0-120% AMI) through multiple approaches, with a growing focus on tax-exempt bond structures and municipal master leasing partnerships. Our strategic collaborations with Enterprise Community Partners, United Way of Greater Los Angeles, Amazon Housing Equity Fund, and LAHSA have produced nearly 3,000 units, including 374 homes for people experiencing homelessness. Founded by Brad Padden, HDC strategically locates developments near transit, employment, and amenities (94 average Walk Score), creating communities that foster economic diversity and social cohesion. With projects in Seattle and Los Angeles, we’re adding a new leg to the stool of affordability—creating essential housing for residents, municipalities, employers, and communities.

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Housing Diversity Corporation
600 1st Ave Suite 330
PMB 58151
Seattle, WA 98104

Office Address

Housing Diversity Corporation
500 Broadway
Seattle, WA 98122

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