Top 50 Affordable Housing Developers and Lenders of 2024 Announced!!
The Affordable Housing Finance Magazine released their annual Top 50 Affordable Housing Developers of 2024 and the Top 25 Affordable Housing Lenders lists and CCAH is proud of our membership’s impressive representation on both. The CCAH members listed started construction on 9,436 units and completed another 6,168 units in 2024.
Major congratulations are in store for Lincoln Avenue Communities for their extraordinary efforts in achieving first on this list, up from second place in 2023.
Lincoln Avenue Communities (1st)
The Pacific Companies (3rd)
The Michaels Organization (21st)
Chelsea Investment Properties (23rd)
Southport Financial Services Inc. (25th)
USA Properties Fund, Inc. (31st)
National CORE (42nd)
Highridge Costa (44th)
Eden Housing (45th)
The complete list of 2024 Top 50 Affordable Housing Developers can be found here.
Additionally, CCAH member companies soaked up eleven of the top twenty-five affordable housing lender spots. Kudos to Citi Community Capital, KeyBank Real Estate Capital, Merchants Capital, and JP Morgan Chase who claimed four of the five top spots, each made an impressive dollar investment in to affordable housing in 2024 and we see that trend continuing this year.
Our members on the Top 25 Affordable Housing Lenders list and their 2024 investments are shown in the table below and you can see the full list here.
Top Ranked CCAH Member Affordable Housing Lenders of 2024
| Company | Rank | 2024 ($ in millions) |
| Citi Community Capital | 1 | 7,026.3 |
| KeyBank Real Estate Capital | 2 | 6,287.0 |
| Merchants Capital | 4 | 4,168.7 |
| J.P. Morgan | 5 | 4,010.0 |
| Berkadia | 8 | 2,853.6 |
| PNC Real Estate | 10 | 1,989.8 |
| Lument | 12 | 1,901.1 |
| U.S. Bank | 15 | 1,660.0 |
| Walker & Dunlop | 16 | 1,491.6 |
| R4 Capital | 20 | 1,080.1 |
| Boston Capital Finance | 24 | 668.0 |