IMPACT
CCRC aligns its impact to the Multifamily Impact Framework™ and the UN Sustainable Development Goals
Supporting Affordability
100% of properties financed by CCRC exceed the Multifamily Impact Framework’s Affordability threshold.
As of 2025, nearly 1.9 million low to extremely low-income households in California lack access to a home they can afford.¹ Of those, more than 970,000 are classified as extremely low-income—facing the most severe housing challenges in the state.
With 75% of CCRC’s portfolio serving very and extremely low-income households, we focus on where the housing needs are greatest.
Unit Affordability by Income Band
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0.3% of units are affordable to households earning above 80% of Area Median Income
26% of units are affordable to households earning up to 51-80% of AMI (Low Income)
51% of units are affordable to households earning up to 31-50% of AMI (Very Low Income)
23% of units are affordable to households earning up to 30% of AMI (Extremely Low Income)
As of September 2024, residents save an average of $909 every month on rent, adding up to $28.7 million in total annual savings.​
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This additional monthly savings equates to nearly two weeks of groceries for a family of four or one month of average transportation costs for a working adult.²
Supporting Residents
For more than three decades, CCRC has deployed $2.3 billion in loans, helping to develop over 50,000 units of affordable housing across California—from high-resource neighborhoods to communities facing systemic disinvestment.
Every funded property includes a resident services plan designed to support renters beyond housing—addressing their educational, healthcare, financial planning needs and more.
Research has found that children living in public and assisted housing experience lifetime financial gains. When that housing is in high resource areas, the benefits are even greater, thanks to better schools, safer neighborhoods, and greater future earning potential.
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Across the sites analyzed above, children will experience an average lifetime earnings boost of $53,400, a total of $183 million across the portfolio.
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These long-term gains underscore the life-changing power of stable, affordable housing—especially when paired with educational support. Through the Mary Kaiser Education Scholarship, CCRC helps residents turn opportunity into achievement.​​
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More on the Multifamily Impact Framework and the Principles of Resident Engagement, Economic Health and Mobility and Health & Wellness can be found by downloading the Framework here.
Our Residents by the Numbers
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At CCRC-funded properties, we serve a diverse range of Californians:
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69% are individuals and families
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24% are seniors
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4% are veterans
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3% are individuals with special needs, including transition-aged youth and people with developmental disabilities
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​​​As of fiscal-year end 2024, over 20% of residents—nearly 5,300 people—in CCRC properties were experiencing homelessness prior to move-in and were utilizing state or county homelessness service programs.
100% of CCRC funded sites accept Housing Choice Vouchers. CCRC is proud to work with operators who actively dismantle source of income discrimination.
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CCRCs Bridging the Digital Divide initiative was born out of the disparate impact social and economic crises have on low-income residents and communities. This disparity was never more evident than during the 2020 pandemic which sent students home from school to study remotely, disrupted seniors’ health care options, increased unemployment, and left many socially and economically isolated.
In response to this crisis, CCRC launched the Bridging the Digital Divide campaign to support or expand platforms for the delivery of resident services. Grant funds were awarded to developer/sponsors, social service providers or property managers of a CCRC financed community, and used for hardware, software or technical support. Programs included remote learning, telehealth resources, unemployment and public benefit enrollment, job training/opportunities, and access to healthy foods. The program was designed to support these additional services to enhance the lives of the residents served.
During 2021 and 2022, the Bridging the Digital Divide initiative funded $220,000 in grants to communities in its loan portfolio to further these program goals​.
Service Providers: (Callout next to BDD?)Among active loans, CCRC is proud to work with 90 different developers (or sponsors). 62% have more than one project with CCRC and 31% have five or more. Over Y property managers and 30 resident services providers serve the individuals and families living at this sites. Together, these teams ensure the physical buildings and programs offered are equipped to meet their residents’ needs. As of 2025, across CCRC’s entire funded loansa.69% are individuals and familiesb.24% are seniorsc.4% are veterans and 3% are populations with other special needs, including transition-aged youth and developmentally disabled folks.
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CCRC is proud to partner with Mission Valley Bank to offer ENRICH, an award-winning financial wellness platform, free to all residents of CCRC-financed properties. This dynamic tool allows participants to self-enroll and learn on their own time, maximizing flexibility and ease of use. Enrich offers more than 200 topics ranging from repaying student loans, to planning for retirement, to identifying your money personality and more.
ENRICH embodies CCRC's commitment to long-term care for our residents beyond the first step of ensuring safe and dignified housing. Through financial education and continual support, it is CCRC's mission to foster financial autonomy and reduce the barriers to greater achievement.
Supporting the Industry
To help build professional capacity across the affordable housing industry and support the use of creative, non-LIHTC financing structures, CCRC has provided $50,000 in grant capital and serves as an implementation partner to The Center by Lendistry in support of the B.U.I.L.D. Incubator program.
B.U.I.L.D., which stands for Bridging Unique Investments to Leverage Development, helps emerging developers “create affordable housing without relying on low-income housing tax credits.” The program provides access to bond financing, mentorship, and technical assistance in order to drive sustainable, community-driven development.
CCRC's SVP of Loan Originations Jennifer Quevedo has collaborated closely with Center staff to help design the project intake portal, pitch process, and identify potential capital partners for developers going through the program. B.U.I.L.D.’s inaugural cohort kicked off in April 2025 and enrolled 13 incredible innovators shaping the future of real estate, affordable housing, and thriving communities.
CCRC's Theory of Change
At CCRC, we believe better housing means a better California.
By providing mission-aligned financing and technical support to affordable housing developers, CCRC catalyzes the development of affordable housing throughout California communities. This leads to increased housing access, community revitalization, and improved conditions for health, education, safety, and employment.
Over time, these changes foster greater economic mobility and community resilience, fulfilling CCRC’s vision of driving sustainable growth and positive impact across the state.
THE MARY KAISER
EDUCATION SCHOLARSHIP
CCRC's scholarship fund was formed in 2008 and, over the past 17 years, has awarded $514,000 to 408 deserving students throughout California. In 2024, 29 students received scholarship money totaling $79,000. In 2022, CCRC's board of directors renamed the scholarship fund the Mary Kaiser Education Scholarship.