By the Oakland Post Staff\n<\/p>\n
San Francisco-based BRIDGE Housing and its president and CEO, Ken Lombard, have been named among the nation\u2019s housing industry standouts, earning two of the top prizes at the 2025 Multi-Housing News Excellence Awards.<\/p>\n
BRIDGE Housing was named\u00a0Development Company of the Year, while Lombard received\u00a0Executive of the Year, recognition that places the nonprofit affordable housing provider alongside leading national developers of both affordable and market-rate housing.\n<\/p>\n
The awards were announced in New York for the accomplishments achieved during 2024.\n<\/p>\n
Multi-Housing News is one of the industry\u2019s most respected publications. Award winners are selected by a panel of housing professionals, including multifamily developers, architects, and owners.\n<\/p>\n
\u201cBRIDGE Housing is deeply honored to be recognized by Multi-Housing News and our industry peers,\u201d Lombard said. \u201cThese awards are a testament to the high-impact, mission-driven work by BRIDGE\u2019s exceptional team to deliver quality affordable housing and support services that empower residents to improve their lives.\u201d\n<\/p>\n
The Development Company of the Year honor represents a milestone for BRIDGE Housing, which received the Gold award\u2014its top designation\u2014in a category that included both affordable and market-rate developers. The recognition caps what has been one of the strongest growth periods in the organization\u2019s 42-year history.\n<\/p>\n
In 2024, BRIDGE significantly expanded its footprint across California, Oregon, and Washington. That momentum continued into 2025, with portfolio growth of 9%, including the addition of nine new communities and 1,187 new or acquired affordable housing units. The nonprofit also added three new projects to its development pipeline as it nears a portfolio of 16,000 units.<\/p>\n
The growth reflects a broader strategy aimed at accelerating both acquisitions and ground-up development, supported by partnerships with major financial institutions and innovative capital markets strategies. BRIDGE has also emphasized high-quality design and deep community engagement as central elements of its approach.\n<\/p>\n
BRIDGE became the first affordable housing developer to issue tax-exempt construction bonds for one of the largest affordable housing projects in Portland, Ore., leveraging its strong credit rating.\n<\/p>\n
Earlier this year, the nonprofit launched the BRIDGE Housing Impact Fund, with a goal of investing $1 billion to preserve and create affordable housing. It also closed on $175 million in taxable general-obligation bonds after increasing the offering in response to strong investor demand.\n<\/p>\n
The company\u2019s performance also underscores the role of Lombard, who has led BRIDGE since 2021 and was honored individually for his leadership.\n<\/p>\n
Under Lombard\u2019s tenure, BRIDGE has built a new leadership team with experience drawn from both the nonprofit and private sectors, with a particular focus on what the organization describes as efforts to \u201cbreak the status quo,\u201d especially in affordable housing finance. Those initiatives have helped reduce capital and construction costs, strengthen relationships with institutional investors, and expand resident support services.\n<\/p>\n
Today, BRIDGE Housing serves more than 33,000 residents across 139 communities on the West Coast.\n<\/p>\n
\u201cKen has dedicated his career to innovative real estate solutions that improve the quality of life in underserved neighborhoods,\u201d said Kenneth Novack, chair of BRIDGE Housing\u2019s board of directors. \u201cHis visionary leadership and the work of our incredible team have positioned BRIDGE for long-term growth that will extend our impact throughout the West Coast.\u201d\n<\/p>\n
Founded in 1983, BRIDGE Housing has helped create more than 23,000 affordable homes with a total development cost of $6 billion.\n<\/p>\n
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