A National Community Development Financial Institution (CDFI)Flexible Loan Capital Customized to Create Affordable Housing

Lines of Credit Predevelopment LOC Multifamily Acquisition LOC Single Family LOC
Purpose To Cover Feasibility Studies and 3rd Party Costs Expedited Closings for MF Properties to Compete with All-Cash Offers Expedited Closings for Acquisition and/or Rehab of SF Homes. Pairs well with Scattered-site Development.
Loan Amounts Up to $1MM Up to $10 MM Up to $10 MM
Term Up to 36 months Up to 36 months Up to 36 months
LTV N/A Up to 95% for Performing Multifamily Properties Up to 85%
Repayment Monthly Interest Only Monthly Interest Only Monthly Interest Only
Commitment Fee Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis
Application Fee $2,000 $2,000 $2,000
Collateral Unsecured 1st Lien Security Interest 1st Lien Security Interest
Legal Paid by Borrower Paid by Borrower Paid by Borrower

$30MM NMTC Allocation to 5 NWOs to Develop Affordable For-sale Homes

Community Housing Capital (CHC) is excited to announce the close of its first New Markets Tax Credit (NMTC) Allocation of $30 million, enabling five NeighborWorks organizations to scale their homeownership programs. CHC supports the NeighborWorks® network's commitment to homeownership as a method to create equity for families and communities by providing the missing capital these critical projects require.

In anticipation of an award, many NWOS submitted highly impactful, shovel-ready for-sale housing projects pipelines to CHC, hoping to be among the final few selected for an allocation. Final allocatees were selected using CHC's Impact Measurement and Management System (IMM),

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Community Housing Capital Awarded $590,000 from CDFI Fund

CHC to Create New Loan Product for Affordable Multifamily Housing Development

Decatur, Georgia On December 8, 2021, the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded Community Housing Capital (CHC) a $590,000 Financial Assistance (FA) grant. As a national financial intermediary and direct lender to the NeighborWorks® Network, CHC provides interim real estate development and permanent multifamily loans to support affordable housing development. CHC will use the FA award to create a new affordable long-term debt product with a mix of construction and permanent financing.

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CHC's NMTC Award Featured in Novogradac Journal of Tax Credits

In its November 2021 issue of the Journal of Tax Credits, Novogradac interviewed several of the nine first-time NMTC allocatees of a New Market Tax Credit Award for CY 2020.

Community Housing Capital's CEO, Cindy Holler and Chief Lending Officer, Dana Chestnut were able to highlight the NeighborWorks network and how CHC's $30 million award will impact communities nationwide. Read the Novogradac article.

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CHC Awarded $30 MM in New Markets Tax Credits from CDFI Fund

Community Housing Capital (CHC) is proud to announce its successful first-time application and allocation of $30 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. As a qualified CDFI and Community Development Entity (CDE), CHC provides flexible and patient loan capital to NeighborWorks® organizations (NWOs) that create affordable housing for low to moderate-income persons and works to stabilize and rebuild disenfranchised communities. "We’re excited that the CDFI Fund saw the potential for our proposal to help satisfy an insatiable demand for affordable for-sale housing. We look forward to using

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CHC Awarded $1.8MM from CDFI Fund Rapid Response Program

Community Housing Capital (CHC) joins with 865 CDFIs nationwide to receive a Rapid Response Program Award (RRP) from the CDFI fund. With an award announcement by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen, the RRP acknowledges the important role CDFIs play in lifting up the whole economy in a post-COVID environment. The RRF program is designed to help CDFIs quickly deploy capital in underserved communities hit hardest by the pandemic and CHC is ready to respond.

“We are grateful for this award by the CDFI Fund. CHC will leverage these dollars with private capital and work tirelessly to quickly get it to the more than 200

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CHC Awarded $2.5MM Grant Award from 2020 Capital Magnet Fund

DECATUR, GA -  On February 22, 2021, the US Treasury Department announced through the CDFI Fund that Community Housing Capital (CHC) was among 27 Community Development Financial Institutions (CDFIs) to receive an award from the 2020 Capital Magnet Fund (CMF). The CMF awards competitive grants to CDFIs and qualified nonprofit housing organizations to develop, rehabilitate, preserve, and purchase affordable housing, particularly housing targeted to low-, very low-, and extremely low-income families.

CHC will use the $2,500,000 grant to fund a pilot lending pool in Ohio, where thousands of homes are at risk of becoming unaffordable without intervention.

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CHC Sponsors $1.9 million in AHP Awards for 2020

To aid in the development of the affordable housing that is so essential across the U.S., CHC sponsors several applications on behalf of its borrowers to receive an FHLBank Atlanta AHP award for up to $500,000 for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. In November 2020, four CHC borrowers received a total of $1.9 million in awards through the AHP program. Besides sponsoring borrower applications to FHLBAtlanta, CHC also provides loans to each organization to facilitate development.

Click on any of the

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CDFIs Finance Justice-2020 OFN Conference video -CHC-CMHP

Community Housing Capital has been a long-time participant and sponsor of the annual Opportunity Finance Network (OFN) Conference. Our excitement and enthusiasm for this years’ first virtual conference was well-founded with inspiring and informative discussions about pressing issues, the post-election political landscape impacting CDFIs, and thought leadership around the path to racial justice. With over 350 affordable housing professionals attending via Zoom, the 4-day event included a series of videos featuring CDFI borrowers impacted by the capital invested by CDFIs. We are so proud that one of Community Housing Capital’s long-time customers, Charlotte Mecklenburg Housing

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CDFI Fund Awards $650,000 to Community Housing Capital

Community Housing Capital (CHC) is proud to have been selected to received $650,000 from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). This highly competitive award is presented to CDFI’s with highly-effective programs offering affordable financial products and services that meet the unique needs of economically underserved communities. CHC will use its award to increase lending activity in low-income and economically distressed communities across the nation and to facilitate the work of the nonprofit affordable housing developers of the NeighborWorks network. These organizations acquire and stabilize affordable multifamily rental

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Announcing CHC's 20-Year Anniversary Report

We are excited to share Community Housing Capital’s Community Housing Capital's 20-Year Anniversary Report, which showcases two decades of investment and social impact. We dedicate this report to our investors who have fueled this work and the NeighborWorks® organizations that put their minds and hearts into closing the affordable housing gap. This report features some of their stories, social impact highlights from FY 2016-19, and the foundation laid for future innovation. While we cannot celebrate in

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CDFI Fund Awards $565,000 to Community Housing Capital

Community Housing Capital (CHC), a national nonprofit CDFI, is proud to announce that the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $565,000 to CHC as part of the FY 2019 Financial Assistance (FA) Awards. Congratulations to the 261 CDFIs who received FY 2019 FA awards for a combined total of $132,005,000. The FA award was designed to allow CDFIs to sustain and expand their financial products. CHC will use the grant to expand its existing loan fund to facilitate the work of the nonprofit affordable housing developers of the NeighborWorks network. These organizations acquire and stabilize affordable multifamily rental

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CHC Sponsored Borrowers Receive AHP Awards

As a member of the Federal Home Loan Bank Atlanta (FHLBAtlanta), Community Housing Capital (CHC) sponsors several applications each year on behalf of its borrowers to receive an FHLB Atlanta (FHLBAtlanta) AHP award for up to $500,000 for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. In November 2019, two CHC borrowers each received a $500,000 award through the AHP program: Community HousingWorks, San Diego, and Avesta Housing with Community Concepts, Inc., in Lewiston, Maine. In addition to sponsoring

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CHC Speaking on 2 OFN Conference Panels - Oct 20-23, 2019

"Beyond Units and AMI: Expanding the Impact Discussion in the Affordable Housing Sector" CHC is proud to participate in the panel presentation "Beyond Units and AMI: Expanding the Impact Discussion in the Affordable Housing Sector" on Monday, October 21st from 4:15pm to 5:30pm at Opportunity Finance Network's 2019 Conference to be held in Washington, D.C. In this joint panel discussion, CHC staff members, Angie Waddell, Director of Impact and Loan Admin Officer, and Debra Turner, SVP/Chief Loan Administrator will join with Jessica Pedersen from Pacific Community Ventures, Kevin Fanfoni, Calvert Impact Capital, Rashel Tripett, Partners for the Common Good, and Chris

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CHC Launches Everyday Heroes of Affordable Housing Campaign

The lack of affordable housing in the U.S. is one of the greatest challenges of our time. The problem is deeply complex and the hardship touches every community across the nation. There are thousands of people working every day to mitigate and solve this crisis and they do this because they believe passionately that everyone deserves a safe, affordable place to call home. Nonprofit housing development organizations and governmental entities work tirelessly to improve housing opportunities and they do this without fanfare or respite.

As a Community Development Financial Institution, Community Housing Capital serves the NeighborWorks America network of nearly 250 independent,

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CDFIs Finance Justice-2020 OFN Conference video -CHC-CMHP

Community Housing Capital has been a long-time participant and sponsor of the annual Opportunity Finance Network (OFN) Conference. Our excitement and enthusiasm for this years’ first virtual conference was well-founded with inspiring and informative discussions about pressing issues, the post-election political landscape impacting CDFIs, and thought leadership around the path to racial justice. With over 350 affordable housing professionals attending via Zoom, the 4-day event included a series of videos featuring CDFI borrowers impacted by the capital invested by CDFIs. We are so proud that one of Community Housing Capital’s long-time customers, Charlotte Mecklenburg Housing

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Purpose Take-out for LIHTC Properties > 20 Units
Loan Amounts $500K - $10 MM
Term Up to 30 Years
LTV Up to 90%
Repayment Monthly Principal & Interest; May have15-year Lockout or Yield Maintenance
Commitment Fee Determined on a Case-by-Case Basis
Applications Fee $2,000
Collateral 1st Lien Security Interest
Debt Service Coverage Determined on a Case-by-Case Basis
Legal Paid by Borrower

CHC sponsors several applications each year on behalf of its borrowers to receive an Affordable Housing Program (AHP) award for up to $500,000 for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. As part of sponsoring borrower applications to FHLBank Atlanta, CHC also provides a commitment for additional financing for the project upon successful application to each organization.

Mini-Perm Multifamily Permanent
Purpose Acquire and Stabilize Multifamily Housing Preserve Multifamily Properties Long Term, Fixed-rate Loan > 20 units
Loan Amounts $250K - $15 MM $500K - $15 MM
Term Up to 7 Years Up to 30 Years
LTV Up to 90% Up to 90%
Repayment Monthly Principal and Interest Payment based on 30-year Amortization Monthly Principal and Interest; May have 15-year Lockout or Yield Maintenance
Commitment Fee Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis
Application Fee $2,000 $2,000
Debt Service Coverage Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis
Collateral 1st Lien Security Interest 1st Lien Security Interest
Legal Paid by Borrower Paid by Borrower