AMCAL Multi-Housing, Inc. Opens San Francisco Office, Taps Craig Adelman to Lead Norcal Operations

AGOURA HILLS, Calif., May 4, 2011 /PRNewswire/ -- AMCAL Multi-Housing Inc., one of California's leading builders of affordable housing, has announced the opening of its San Francisco office, which will be led by industry veteran Craig Adelman.  The San Francisco office will oversee all AMCAL development activities in Northern California.

As Vice President, Northern California, Adelman will be responsible for building upon AMCAL's strong reputation and expanding its presence into Northern California in an impactful and sustained manner.  Responsible for creating and finding new housing development opportunities, Adelman will also establish and foster strong partnerships, and develop new ways to meet the region's housing needs in the midst of a changing financing and regulatory environment.

With 18 years of housing and real estate experience, Adelman has played an integral role in multi-family development throughout the region.  Prior to joining AMCAL, Adelman served as the Deputy Director of the San Francisco Mayor's Office of Housing under Gavin Newsom, managing numerous real estate and policy activities, including HOPE SF, San Francisco's bold initiative to transform distressed public housing into vibrant, mixed-income communities.  Additionally, Adelman was actively involved in shaping and developing housing policy at the federal, state, and local levels.

Adelman holds a Bachelor's degree in Architecture from U.C. Berkeley and is the former chairman of the board of directors for Conard House, a San Francisco non-profit organization that develops supportive housing and resources to help low income people self-manage mental illness.  Adelman also recently served on the board of the National Association of Local Housing Finance Agencies.  He can be reached at [email protected].

AMCAL has completed two developments in Northern California:  Brookfield Place, a 58-unit family apartment community in Oakland, and Sommerset Place, a 96-unit family apartment community in Sacramento.

In addition to multiple apartment developments for low-income families and seniors, AMCAL is currently under construction on three new tax-credit developments that were awarded in 2009 and 2010.  Tax-credit investors include Bank of America Merrill Lynch, JP Morgan Chase, Hudson Housing Capital and Union Bank of California.

Since 1995, AMCAL has completed 38 communities with 3,477 units, valued at $640 million dollars. For more information, visit www.amcalhousing.com.

SOURCE AMCAL Multi-Housing, Inc.