Affordable Apartment Living

G & K Industries' real estate portfolio includes 71 government subsidized multifamily properties. The portfolio began in the late 1960's with family and senior apartment developments in Southern California. Properties continued to be developed throughout the state in the 1970's and early 1980's as new government housing programs and funding became available. We selected locations based upon available housing requirements, local governmental cooperation, and quality of neighborhoods.

Each property is subject to a regulatory agreement with either the Department of Housing and Urban Development (HUD) or the California Housing Finance Agency (CalHFA). Those properties receiving government rental subsidies are regulated under a Housing Assistance Payment contract with either HUD or CalHFA. These agreements contain restrictions concerning applicable rent charges, operating policies, and operating expenditures.

Because of G & K Industries’ long-term hold policy, each property in the government subsidized property portfolio is the best maintained and premier complex in its surrounding neighborhood.