The One San Pedro Collaborative
The Richman Group
The Richman Group (the “TRG”) was founded by Richard Paul Richman in 1987 to syndicate and develop affordable housing. Over the past 30 years, TRG has successfully completed over 140 high-quality affordable housing developments in The United States. Since 1999, TRG has built $1.33 Billion dollars of high quality multifamily product nationwide. As of 2016, The Richman Group is the 7th largest multi-family owner in the U.S. on Multifamily Executive’s 2016 Top 50 Owner’s List, an achievement built on a foundation of outstanding affordable housing developments. Including investment, TRG holds 1,500 developments, 115,000 units representing over $20 Billion in development costs.
For 25 years, National Community Renaissance (National CORE) has been a leader in constructing sustainable developments that leverage community resources to combine quality housing with life-enhancing social services.
Headquartered in Rancho Cucamonga, National CORE was established in 1992 as a 501(c)(3) not-for-profit public benefit corporation. Starting with the acquisition and rehabilitation of 248 affordable homes, the company’s portfolio has grown over the past two decades to include nearly 9,000 units in four states, of which 6,700 units are located in Southern California. National CORE currently serves over 27,000 residents and is the developer, owner, operator, and services provider for all of its properties, thus ensuring long-term affordability as well as the maintenance of high quality affordable communities.
Housing Authority of
The City Of Los Angeles
The Housing Authority of the City of Los Angeles (HACLA) was established in 1938 by City of Los Angeles Resolution No. 1241. HACLA has grown to become one of the nation’s largest and leading public housing authorities, providing the largest supply of quality affordable housing to residents of the City of Los Angeles.
HACLA's annual budget is more than $ 1 billion. Its funds come from five main sources: HUD's annual operating subsidy, HUD's annual Capital Fund, Section 8 administrative fees, rent from public housing residents plus other programs and capital grants from various sources. HACLA continues to explore alternative funding sources and has built numerous key partnerships with City and State agencies, nonprofit foundations, community-based organizations and private developers.
Century Housing Corporation (Century), and its predecessor, the Century Freeway Housing Program (“CFHP”), was initially created in response to the environmental and social impacts stemming from development of the Century Freeway (I-105). Operating as an agency of the State of California, the CFHP was tasked with creating nearly 4,000 units of affordable housing for those displaced by the freeway’s construction along with implementing extensive minority and female employment opportunities. After fulfilling its original charter, CHFP was privatized in 1995 and renamed Century Housing Corporation. Century remains the only known California state program converted into a private nonprofit.