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Lincoln Avenue Communities
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Develops affordable housing with government subsidies
Lincoln Avenue Communities
Work Here?
Develops affordable housing with government subsidies
Overview
Lincoln Avenue Communities owns, develops, and invests in affordable housing nationwide to provide homes for low-income families. It uses government rental subsidies, such as Section 8 and Section 42, to fund, manage, and preserve affordable units. As a family-owned operation with a hands-on approach, it acts as owner, developer, and investor, aiming to execute transactions quickly and balance financial returns with social impact. Its goal is to deliver quality low-income housing through government-supported programs while creating value for investors and benefits for residents.
About Lincoln Avenue Communities
Industries
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Santa Monica, California
Founded
2016
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Simplify's Take
What believers are saying
- LAC opened Leon Creek Flats in May 2026, proving leasing and delivery execution.
- Rochester approved $27.2 million bonds and $1.4 million TIF for Commons on Bear Creek.
- Huxley Yards, 553 units, broke ground June 2024, expanding Midwest development momentum.
What critics are saying
- Tax-credit and tax-exempt bond closings gate every project; 2027 market tightening halts pipeline.
- Construction delays at Leon Creek Flats or NSA East Bank compress returns and damage reputation.
- If LIHTC policy weakens, LAC's development-heavy model loses financing and stalls entirely.
What makes Lincoln Avenue Communities unique
- LAC combines affordable development with adaptive reuse, like New Orleans' NSA East Bank, January 2026.
- Its 32-state, 170-plus-property platform gives repeatable municipal relationships and execution scale.
- LAC pairs affordability with sustainability, including solar offset communities in Orlando and New Orleans.
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Benefits
Performance Bonus
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Life Insurance
Disability Insurance
Paid Vacation
Paid Holidays
Paid Sick Leave
Parental Leave
Meal Benefits
Gym Membership
Relocation Assistance
Employee Referral Bonus
Company Social Events
Professional Development Budget
Company News
Abstract Security has raised $25 million in a Series A extension to expand its composable security operations platform. The startup's annual recurring revenue grew 380% over the past year, whilst net revenue retention reached 264% and its customer base tripled. Founded in 2023, Abstract offers an alternative to traditional security information and event management platforms. Its streaming-first architecture runs threat detection whilst data is moving, rather than after storage, and routes information to multiple destinations without vendor lock-in. The platform includes Astro AI for detection, triage, investigation and response. It's available through AWS, Microsoft Azure and Google Cloud marketplaces. Cheyenne Ventures and Atlantic Vantage Point co-led the round. The extension was raised at three times Abstract's prior valuation, bringing total funding to nearly $50 million.
City of Madison Economic Development Director Matt Mikolajewski and LAC leaders attended the groundbreaking ceremony for The View and The Victoria at Huxley Yards, two affordable housing apartment complexes for families and seniors in Madison, Wisconsin. Additional photos and renderings available upon request.MADISON, Wis., June 27, 2024 /PRNewswire/ -- Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, celebrated their groundbreaking yesterday on the future site of The View and The Victoria at Huxley Yards, during a ceremony with LAC leaders, local policymakers and partners. The Huxley Yards developments will provide a combined 553 affordable housing units to individuals, families and seniors in Dane County earning less than 50%, 60% or 70% of the Area Median Income. City of Madison Economic Development Director Matt Mikolajewski and LAC leaders attended the groundbreaking ceremony for The View and The Victoria at Huxley Yards, two affordable housing apartment complexes for families and seniors in Madison, Wisconsin. "Lincoln Avenue Communities is proud to break ground on the largest ground-up affordable housing property to be developed in Wisconsin," said Jeremy Bronfman, LAC CEO. "Once completed, Huxley Yards will provide hundreds of high-quality, affordable homes for Madison residents."The View will provide 303 affordable housing units for families and individuals, and The Victoria will provide 250 affordable units for seniors
Mayor Buddy Dyer, Director of Program Operations for Orange County Housing Finance Authority Shawn Tan and LAC leaders attended the groundbreaking ceremony for 52 at Park, a 300-unit apartment complex for lower-income families and individuals in Orlando. Additional photos and renderings available upon request.ORLANDO, Fla., April 23, 2024 /PRNewswire/ -- Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground Tuesday on the future site of 52 at Park during a ceremony with LAC leaders, local lawmakers and partners. 52 at Park will provide 300 affordable housing units to individuals and families in Orange County earning no more than 60% of the Area Median Income."Lincoln Avenue Communities is proud to grow our portfolio of affordable housing developments in Florida," said Jordan Richter, LAC vice president and regional project partner. "Once completed, 52 at Park will provide hundreds of high-quality, affordable homes in one of the state's fastest-growing metropolitan areas."The property will include eight residential buildings, with all units expected to be completed by the end of 2025."The City of Orlando remains committed to ensuring that everyone who wants to call Orlando home has access to quality housing that is safe and affordable," said Orlando Mayor Buddy Dyer. "Through the power of partnership by working alongside Lincoln Avenue Communities, we look forward to welcoming the addition of 300 new affordable apartments and continue to leverage funding and offer incentives to make it easier for developers to build affordable housing in Orlando."52 at Park will offer amenities including a fitness center, pool, clubhouse, central laundry and a playground. The property will also include a sprawling solar installation that will offset 100% of the community's electricity usage, making it one of the first affordable housing communities in Florida to provide full solar offsetting."LAC is committed to ensuring the long-term sustainability and resiliency of our developments," said Cricket Cleary, LAC director of development
RENO, Nev., Nov. 3, 2023 /PRNewswire/ -- Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground this week on the future site of Pinyon Apartments, a development that will provide 252 units of affordable housing for lower-income families in Reno. Pinyon Apartments will bring hundreds of new units of affordable housing to downtown Reno. Additional photos and renderings available upon request. "Lincoln Avenue Communities is committed to building high-quality, affordable homes in cities like Reno that are experiencing an acute housing crisis," said LAC CEO Jeremy Bronfman. "We're proud to begin construction of our first ground-up development in Nevada and to help bolster the state's affordable housing supply."Construction of Pinyon Apartments is expected to finish in 2025
An affiliate of Lincoln Avenue Capital purchased the 3.7-acre project site, located at 250 and 350 Bishops Way in the Bishop's Woods Office Park, for
Lincoln Avenue Communities is Hiring for 7 Jobs on Simplify!
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About Lincoln Avenue Communities
Industries
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Santa Monica, California
Founded
2016
Lincoln Avenue Communities is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today