Affordable Housing Finance Magazine published its top 50 affordable housing developers list in May 2021, and AMCAL came in at #6 in the nation having 1,514 construction starts in 2020, and an anticipated 687 completions.
According to AHF, affordable housing developers were able to continue building, despite all the uncertainties and disruptions caused by the COVID-19 pandemic. AMCAL was one of them. AHF also reported that while posting impressive numbers, developers faced extraordinary challenges during the pandemic, from delays in construction to increased deal scrutiny, from all-time high lumber prices to rent delinquencies across their portfolios. In addition, they were called on to meet the increasing needs of their residents.
AMCAL is proud to have been building affordable housing for more than 40 years, and is still going strong with an impressive pipeline of projects under construction and under development in 2022.