Since 1989, DECRO, a California nonprofit affordable housing developer, has been committed to meeting the critical shortage of affordable housing by those who most need this housing – individuals, families, and seniors who are homeless or at risk of becoming so and those whose wages do not keep pace with ever-increasing rents.
DECRO meets this commitment by partnering with:
- nonprofit and for-profit developers
- community development corporations
- CDFI’s like LISC, Enterprise, and Genesis LA
- private financial institutions
- public agencies
- tax credit investors
- social impact funds
- foundations
The DECRO Advantage
With this experience and resources, together with the support of social service providers, DECRO creates housing that promotes individual growth and family stability and fosters residents’ economic, educational, and spiritual participation in their communities.
DECRO’s greatest strength lies within its ability to develop and execute on housing solutions “outside the box.” DECRO’s Board and staff apply a creative, innovative approach toward the design, financing, construction, and operation of permanent supportive and affordable housing projects to meet the housing needs of people as well as mixed-use developments which provide access to essential resources for the communities in which DECRO’s projects are located.
Our Mission
Our History
DECRO is an acronym based on the former December Rose Association, a nonprofit organization formed by DECRO’s Founder, the late Reverend Clark Harshfield and his wife, Verna. December Rose focused on supporting the creative skills of seniors living at Angelus Plaza, currently the largest subsidized community for low-income seniors in the United States.
“God gave His children memory that in life’s garden there might be June roses in December.”
DECRO Corporation Formed
These include: Alamitos Apartments; Artesia Court Apartments; Cedar Court Apartments; Cedar North Apartments; Cedar South Apartments; Cerritos Court Apartments; Lime House Apartments; Linden Gardens Apartments; Ocean Breeze Senior Apartments; Ocean Gate Apartments; Orange Apartments; Seabreeze Senior Apartments; Terrace Gardens; Valentine Garden Apartments.
DECRO partners with 1010 Development to develop JW Apartments for low-income families in Los Angeles.
DECRO and Daylight Community Development close the construction financing for Watts Works, a 25-unit permanent supportive housing project using modular construction located in South Los Angeles.
DECRO exits its partnership with St. Anne’s Maternity Home on the Bogen Family Center after the 15-year low-income housing tax credit compliance period ends. DECRO’s current portfolio consists of 12 developments and nearly 700 affordable housing units.
DECRO and Daylight Community Development close on the financing of three permanent supportive housing projects using modular construction – 11604 Vanowen (North Hollywood), Oatsie’s Place (Van Nuys), and McDaniel House (Koreatown).
DECRO expands its Florida portfolio. DECRO and AGPM acquire The Crossings at Leesburg (168 units, Leesburg) and Silver Pointe Apartments (138 units, Leesburg). In addition, DECRO also acquires Heron Woods (50 units, Inverness), Magnolia Village (40 units, Lecanto), and Nature Walk (40 units, Crystal River).
DECRO Partners with RMG Housing on Dolores Huerta Apartments, a 25-unit permanent supportive housing project in Los Angeles financed by SDS Capital.
Leadership
Team
Corina Ostoia
Jenny Davies
Christian Lisser
Board of Directors
Vanessa Rios
Senior Advisor, Workforce Development
Los Angeles Homeless Service Authority
Strategic Plan
Financials
Click here to request additional financial information.