📢 NEWS: Earlier this summer, Lincoln Avenue Communities completed the acquisition and tax credit resyndication of Sea Breeze Gardens in San Diego, CA, achieving a significant milestone as our first tax credit closing in California! This initiative helps preserve 268 units of high-quality affordable housing for families earning 30%- 60% of the Area Median Income (AMI) in San Diego County. 👷♂️ As part of this transaction, LAC will invest over $19 million in renovations to preserve and enhance this vital community. Planned upgrades include substantial in-unit renovations, building system upgrades, parking lot and grounds improvements, and enhancements to the common areas and playground. Affordability restrictions will extend for an additional 55 years, ensuring long-term housing stability for families in need. 🎉 Congratulations to our LAC team members who contributed to this effort: Brandon Hodge, Cricket Cleary, Sarah Robbins, Alex Redmann, Zachary Sher, and Jinxi Han. We would also like to extend a special thanks to our financing partners at the San Diego Housing Commission, Berkadia, Freddie Mac, Sterling Bank, California Tax Credit Allocation Committee (CTCAC), and California Debt Limit Allocation Committee (CDLAC) for their support in making this project a reality. 📌 More details here: https://lnkd.in/gYEKwQEE
Lincoln Avenue Communities
Real Estate
Santa Monica, CA 9,031 followers
Ensuring the delivery of quality affordable housing to communities throughout the United States.
About us
Lincoln Avenue Communities (LAC) is a family-owned and operated owner, developer, and investor in affordable housing nationwide. LAC's primary focus is providing low-income families with affordable housing through government-supported rental subsidies, including but not limited to the Section 8 and Section 42 programs. Our experienced and creative team works quickly and diligently to execute a variety of affordable housing transactions, ensuring the delivery of quality low-income housing to communities while providing both financial and social returns.
- Website
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http://www.lincolnavenue.com
External link for Lincoln Avenue Communities
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- Santa Monica, CA
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Affordable Housing, LIHTC Transactions, Section 42, Real Estate Development, and Section 8
Locations
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Primary
401 Wilshire Blvd
11th Floor
Santa Monica, CA 90401, US
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680 5th Avenue
17th Floor
New York, New York 10019, US
Employees at Lincoln Avenue Communities
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Kevin McDonell
Real Estate Developer | Affordable Workforce Housing | Historic Preservation | Urban Infill | Brownfields
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Stacy Kaplowitz
VP & Managing Regional Partner
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Ted Seely
Senior Project Manager Northeast Regional Development at Lincoln Avenue Capital
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Rusty Snow
Regional Project Partner
Updates
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👏🏼 Lincoln Avenue Communities is excited to welcome our newest team members: Jimmy Oakes, CPCU, ARe, Olivia Logan, Jason Czerwinski, and Marina Bergen. We look forward to celebrating their success and growth as part of Team LAC! ✨ #newhirespotlight
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📢 NEWS: Lincoln Avenue Communities (LAC) is excited to announce that we have completed a major rehabilitation of GE Tower in Atlanta, GA. 🏡 GE Tower provides 201 units for residents earning up to 60% of the area median income for individuals and families in the Mechanicsville neighborhood. LAC acquired the property in 2024 and made a significant investment to renovate individual units, update common areas, implement energy-efficient features, and replace the building’s original elevators for our more than 200 residents. 👏🏼 Shout-out to our LAC team members who helped bring these renovations to life, including Jordan Richter, Matthew Klein, Etai Bernstein, Will Huebner, Alex Redmann, Gabrielle Codacovi Acerra and Michael R Kepple. We’d like to thank Legacy Construction , Georgia Department of Community Affairs, Invest Atlanta and Atlanta Housing for their continued partnership in helping us reach this milestone! 📌 Read more about the rehabilitation here: https://lnkd.in/gBH3FWn4 #affordablehousing #communityimpact #atlanta #realestate #development #rehabilitation #sustainability
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📢 NEWS: Lincoln Avenue Communities is thrilled to announce that we have closed on financing for our development of The Ranches at Gunsmoke in Maricopa, AZ. This community will mark LAC’s third new construction project in the state of Arizona! 👷♂️ Construction is already underway and is anticipated to be completed by 2026. Upon completion, The Ranches at Gunsmoke will provide 271 affordable homes for families in Maricopa earning up to 60% of the Area Median Income. The property will feature thoughtfully designed two- and three-bedroom homes with private backyards, walk-in closets, and patio spaces. Community amenities will include a fitness center, pool, clubhouse, grilling areas, rental storage units, and a solar carport system designed to offset 50% of the community's electricity usage. 👏🏼 We would also like to thank Fairview Housing Partners as our general partner and give a big shout-out to our LAC team who made this possible: Benjamin Taylor, Matthew Klein, Cole Froemming and Connor Carpenter. A special thanks to our finance partners for their support as well: Citi, Arizona Industrial Development Authority - Arizona IDA, WNC & Associates, and Arizona Department of Housing (ADOH). 📌 More details here: https://lnkd.in/gRbJ2dUr #affordablehousing #communityimpact #maricopa #arizona #realestate #development #groundupconstruction #sustainability
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🎉 Lincoln Avenue Communities (LAC) hosted a block party at Santa Clara II Apartments last month to celebrate the grand reopening of this newly renovated, affordable housing community in Miami, FL. The celebration featured local food trucks, games, and music, highlighting our commitment to creating vibrant, sustainable communities. 🏡 Santa Clara II Apartments provides 204 units for residents earning 30-60% of the area median income in Miami-Dade County. LAC has enhanced both interior and exterior spaces, added sustainable building systems, and introduced resident amenities including a dog park, community garden, and fitness center. Residents now also have access to valuable services like health care, financial literacy, and homeownership programs. 👏🏼 Shout-out to our LAC team members who helped bring these renovations to life, including David Garcia, Daniel-Salvatore Giannelli, and Avinoam Baral, as well as our partners at Grandbridge Real Estate Capital, Merchants Capital, Miami-Dade Housing Finance Authority, ebersoldt + associates, and Langerman Construction. #AffordableHousing #Preservation #Miami #Florida
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📢 NEWS: Lincoln Avenue Communities (LAC) is proud to announce a collaboration with Sowing Empowerment & Economic Development, Inc. and Refreshing Spring COGIC to develop Headen Spring, a transformative, multi-generational, mixed-income community in Riverdale, Maryland. 🏘️ This project will create new, high-quality, transit-oriented, affordable housing for Prince George’s County families and seniors earning up to 60% of the area median income. Headen Spring will prominently feature the Jordan Center, a new community building that will host childcare, recreation, and nonprofit co-working spaces, and a fully accessible outdoor Art Walk promoting community, health, education, and empowerment for local families. 🤝 This partnership aligns with Prince George’s County’s economic goals of increasing high-quality affordable housing and expanding transit-oriented developments. The 10-acre site will feature amenities designed to support active, healthy living, helping families and individuals to thrive within the community. 📌 More details here: https://lnkd.in/gSY5VG_R #AffordableHousing #CommunityDevelopment #Riverdale #Maryland
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👏🏼 Lincoln Avenue Communities is excited to welcome our newest team members: John Irish, Brett Hargrave, Esmeralda Yepez, Jack Bowen, and Preston Whelchel. We look forward to celebrating their success and growth as part of Team LAC! ✨ #newhirespotlight
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🚀 We're Hiring! 🚀 Exciting news—our Development team is actively looking for Summer Interns and Analysts to join us in 2025! If you're passionate about real estate, eager to gain hands-on experience, and ready to make an impact, we want to hear from you! 📍 Location: Santa Monica, CA ✍️ Position: Summer Development Intern (https://lnkd.in/gPu2fHtg) ✍️ Position: Development Analyst (https://lnkd.in/gnSUh6qb) 🗓 Start Date: Summer Internship (June-August) | Analyst (Projected Start Date: Spring/Summer '25) #Hiring #RealEstate #Development #AffordableHousing #SummerInterns #Analyst #CareerOpportunities
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👏🏼 Lincoln Avenue Communities is excited to welcome our newest team members: Jakob Perel, Ric Venegas, CPA, Allsun Kilgore, Noah Fischer, and Ryan Schultz. We look forward to celebrating their success and growth as part of Team LAC! ✨ #newhirespotlight
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📢 Lincoln Avenue Communities proudly continues its partnership with the National Baseball Hall of Fame and Museum by recently sponsoring an exciting field trip for Arlington-area children to the All-Star Village during Major League Baseball's All-Star Week. ⚾ This field trip is part of LAC's ongoing efforts with the Baseball Hall of Fame to support youth education and development initiatives nationwide. Twenty young residents from Paddock on Park Row, an affordable housing community owned by LAC, had the unique opportunity to attend this interactive event at Choctaw Stadium in Arlington, TX. They explored baseball history and engaged in various games and clinics with former MLB players and MLB youth ambassadors. 🤝 Since 2021, LAC has partnered with the Baseball Hall of Fame to establish an educational afterschool program at our properties that teaches core-curriculum subjects through the lens of baseball, utilizing the Baseball Hall of Fame's award-winning curriculum. Thank you to our dedicated LAC team members who helped bring this program to life: Thom Amdur and Emma Schumaker. We also extend our gratitude to our partners: Morgan Stanley, National Baseball Hall of Fame and Museum, Josh Rawitch, and Mission Arlington / Mission Metroplex. 📌 More details here: https://lnkd.in/gQC_28DX #communityengagement #communityimpact #arlington