With more than 30 years of industry experience, Percival Vaz is an expert in single and multi-family developments, construction, property management and real estate investment.
After founding AMCAL in 1978, Mr. Vaz successfully transformed the company into one of the industry's leading builders by planning, developing, building and managing projects valued at $613,000,000 throughout California. In 1996, due to market demand, AMCAL shifted its focus primarily on affordable housing. With $354,000,000 awarded in tax credits since 2003, AMCAL continues to develop high-quality urban multi-family housing that provides architecturally attractive, meticulously constructed and environmentally smart opportunities for affordable family living in both for-sale and rental properties.
Born in Bombay, India, Mr. Vaz emigrated to the United States in 1966. After graduating from the University of California, Los Angeles with a master's degree in electronics and a minor in business, he worked within the aerospace and electronics industries before obtaining his contractor's license in 1979 and building his first apartment building.
Mr. Vaz is on the Board of Directors for the California Housing Consortium, an organization dedicated to advancing affordable housing and community development issues throughout California. He is also a member of the Southern California Association of Non-Profit Housing (SCANPH), the California Redevelopment Association, and the UCLA Ziman Center for Real Estate. A recognized leader in the affordable housing industry, He has been invited to speak about urban redevelopment for several forums, including the Urban Land Institute, Pacific Coast Builders Conference, National Housing Conference, BIA, the University of Southern California and SCANPH.
A recipient of the West Angeles Community Development Corporation's "Outstanding Corporate Citizen" Award, Mr. Vaz also received the William F. McKenna Award for leadership in the field of affordable housing from LINC Housing Corporation. In addition, he was inducted into the California Housing Coalition's "Affordable Housing Hall of Fame" for his contributions to the industry. In 2006, his leadership helped AMCAL win the NAHB's "Innovation in Workforce Housing" award and Multifamily Executive's "Project of the Year" for the "Avenue 26 Master Plan" development.
AMCAL is a supporter of the Boys and Girls Clubs of Los Angeles, and it has partnered with YouthBuild, a mentoring/apprentice program for at-risk youth, on Los Angeles construction projects. In addition to his participation in the real estate industry, Mr. Vaz is an active member of the community, previously serving on the Board of Directors for The Wellness Community in Westlake Village, a national non-profit organization dedicated to providing free emotional support, education and hope for people with cancer and their loved ones. Mr. Vaz is also the co-founder of the Sonaz Peace Foundation, an organization that has funded over 6,000 cataract surgeries for people in rural India. He is a benefactor of the Civic Arts Plaza and St. Maximilian Kolbe Church, both located in his home city of Thousand Oaks.