The Richman Group of California Development Compan — affordable housing pipeline
The Richman Group of California Development Compan has 2 affordable housing projects in the recent California LIHTC pipeline — 0 funded with 9% tax credits and 2 with 4% credits, totaling roughly 203 units across 2 counties.
Working with The Richman Group of California Development Compan on an upcoming development? BUILDLAB designs the low-voltage, security, and life-safety scope these projects depend on — structured cabling, surveillance, door access, and fire & life safety, engineered in-house.
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2 projects · 203 total units
One San Pedro Phase I (aka 327 Harbor Apartments)
Los Angeles, Los Angeles County
- Builder: The Richman Group of California Development Compan
- Units: 47 (46 affordable)
- Type: New Construction
- Status: Preliminary Reservation
- Tax credit: $1.9M/yr federal
- App #: CA-2023-653
Devonwood Apartments
Merced, Merced County
- Builder: The Richman Group of California Development Compan
- Units: 156 (154 affordable)
- Type: New Construction
- Status: Preliminary Reservation
- Tax credit: $3.6M/yr federal + $9.2M state
- App #: CA-2023-543
Building affordable housing in a The Richman Group of California Development Compan project?
BUILDLAB designs and coordinates the low-voltage, security, and life-safety scope these projects depend on — Division 27/28 structured cabling, IP surveillance, door access, DAS/ERCCS, and common-area networks — engineered in-house and coordinated across every trade to keep infrastructure costs contained. Get a free budget estimate scoped to your unit count and building type.
Data source: California Tax Credit Allocation Committee (CTCAC). Map © OpenStreetMap contributors.
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