Management companies and capital groups are working to keep rents affordable for Californians who make at or below the area median income (AMI). This allows these residents to stay in place, often in cities and neighborhoods where they have lived and worked for years, sometimes where their families have lived for generations. Namely, Avanath Capital Management has secured affordability restrictions at one of its owned and managed multifamily communities in Long Beach, California. The Irvine-based multifamily owner and operator, which primarily focuses on affordable and workforce housing, executed an affordable conversion of units that were previously market-rate at Seaport Village on 5601 Paramount Blvd.