Mutual Housing California hires Craig Adelman as New Chief Executive Officer, Former Resident Selected to Chair Board of Directors

For Immediate Release

March 3, 2025

Contact: Steven Root, 916-453-8400 ext. 227, [email protected]

Mutual Housing California hires Craig Adelman as New Chief Executive Officer, Former Resident Selected to Chair Board of Directors

Sacramento, CA – Mutual Housing California, a statewide leader in delivering sustainable, affordable housing, is pleased to announce the hiring of Craig Adelman as its new Chief Executive Officer. Adelman brings more than 25 years of leadership experience in affordable housing, community development, and equity-focused initiatives and was selected after an extensive search to guide the organization into its next phase of impact and growth.

The company also proudly announces Latoiche “Tasha” Adams as the new Chair of the Board of Directors as of January 1, 2025. As a former Mutual Housing resident and 5-year Mutual Housing board member, Chair Adams brings lived experience within the communities being served, a commitment to collaboration, and a passion for empowering residents.

Adelman officially assumes his role as CEO on March 10, 2025. The two actions continue to support Mutual Housing California’s values-driven mission to build and sustain access to safe and affordable housing for all.

CEO Statement

“I am honored and excited to join Mutual Housing California at this pivotal moment,” said Craig Adelman. “Housing is the foundation of thriving communities, and I look forward to working alongside the talented team at Mutual Housing to build upon our success providing access to quality, affordable homes while fostering resident leadership and equitable community development.”

Board Chair Statement

“We are thrilled to welcome Craig as our new CEO,” said Latoiche Adams, Chair of the Board of Directors at Mutual Housing California. “His deep expertise, strategic leadership, and commitment to equity align perfectly with our mission. We are confident that under his leadership, Mutual Housing will continue to thrive and serve communities across California.”

More about CEO Craig Adelman

With a distinguished career spanning public, private, and nonprofit sectors, Craig has a proven track record of driving transformative change in housing policy, finance, and development. Most recently, he served as Senior Principal at LeSar Development Consultants, where he led a dynamic team focused on housing affordability, homelessness solutions, and sustainable development strategies.

Prior to his role at LeSar, Adelman was Managing Director at the Low Income Investment Fund (LIIF), overseeing the $90 million Strong, Prosperous, and Resilient Communities Challenge (SPARCC), a national initiative promoting equitable community investment. Craig’s public-sector experience includes his role as Deputy Director at the San Francisco Mayor’s Office of Housing, where he led real estate components of HOPE SF, a $3 billion initiative that transformed urban neighborhoods through mixed-income housing, community facilities, and infrastructure investments.

Craig’s extensive breadth of experience includes a decade with Tenderloin Neighborhood Development Corporation, where he developed expertise in housing finance, public-private partnerships, and large-scale urban development. Craig has also previously served as Vice President at AF Evans Development, and AMCAL Multi-Housing, where he expanded AMCAL’s geographical footprint in Northern California. As a Vice President at Bank of America as a community development lender, he influenced the financial sector's perception of affordable housing as a viable business opportunity.

More about Board Chair Latoiche “Tasha” Adams

From seventeen years of experience as a resident of Mutual Housing communities to now a proud homeowner, Latoiche has firsthand knowledge of the transformative impact of stable housing. Her leadership journey, from participating in Mutual Housing resident councils to serving as a board member and now Chair, reflects her dedication to fostering engagement and opportunity.

Asked about her new leadership role, Adams said, "I want to inspire other residents to see that leadership opportunities like this are within reach. This role is a chance for growth, both personally and for our community, and I embrace it with an open heart."

With professional experience as a Research Associate at Kaiser Permanente, she brings analytical skills and a strategic perspective that will help guide Mutual Housing into its next phase of impact.

Anne Marie Flynn, who has served as Interim CEO of Mutual Housing California during this leadership transition, expressed confidence in Adams’ leadership: “Tasha has a unique ability to bring people together, listen to different perspectives, and create meaningful change. We are fortunate to have her lead our board as we continue our mission of providing sustainable, affordable housing while advancing equitable communities.”

Under the leadership of Craig and Tasha, Mutual Housing will focus on expanding affordable housing opportunities to meet growing demand, strengthening financial sustainability to support long-term impact, and driving innovation, creativity, and sustainable growth in today’s diverse and dynamic workplace.rowth in today's diverse and dynamic workplace.

More about Mutual Housing California

Mutual Housing California creates innovative, climate-resilient housing for underserved communities in the Sacramento region. Our mission is to develop, manage, and support sustainable affordable housing where residents are partners in advancing equitable communities. We were formed in 1988 as a partnership of neighborhood residents, business representatives, housing advocates, and local government dedicated to improving housing opportunities in Sacramento. Since then, we have built 22 communities, providing homes for over 3,500 low-income residents, all earning below 80% of the area median income (AMI), with most at 30% or below.

Committed to environmental sustainability, we integrate solar energy into most properties, will be installing 146 EV charging stations in the next year, and are ensuring all future developments are ZNE. We serve diverse populations, including farmworkers, seniors, and people exiting homelessness, and built the region’s first LGBTQ-centered senior housing. In the past year, we’ve made significant strides toward doubling our affordable housing portfolio in response to the area’s rising cost of living and increasing homelessness. Our Community Development team offers housing counseling, youth programs, senior services, and financial literacy programs to residents who have moved.