Bridge Housing Strengthens West Coast Expansion With New Development Leadership

This leadership change underscores continued investor interest in affordable housing solutions along the West Coast.

Photo by Sahil Thakkar on Unsplash

San Francisco-based affordable housing developer Bridge Housing has appointed seasoned multifamily executive Stephen Clarke as Senior Vice President of Development and Acquisitions, reinforcing its expansion across California, Oregon, and Washington. Clarke will be based in the company’s Los Angeles office and brings more than 20 years of experience across development, finance, and asset management in both nonprofit and private-sector housing.

The appointment aligns with Bridge’s broader growth strategy, supported by a recently completed $175 million bond offering, the largest in the organization’s history. Alongside capital raised through its impact investment platform, the funding is expected to help Bridge expand its West Coast portfolio by approximately 5,100 affordable and workforce housing units through next year, with a significant portion coming from property acquisitions.

The company has also signaled continued investor interest in the affordable housing sector, particularly as rising home prices and record renter cost burdens reshape housing demand in major urban markets. Bridge is currently targeting $350 million in equity, unlocking up to $1 billion in total investment capacity for housing development and preservation.

Founded in 1983, Bridge Housing has developed more than 23,000 homes and today manages a $4 billion portfolio of nearly 15,000 apartments, with thousands more units in its development pipeline.

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Inspired by reporting from CoStar News. Original article by Rachel Scheier, January 15, 2026.