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

CHC Announces Closing of Source Loans Associated with $25 Million New Markets Tax Credit Allocation

FOR IMMEDIATE RELEASE—Community Housing Capital proudly announces the successful closing of $15.3 million in source loans associated with its $25 million New Markets Tax Credit (NMTC) allocation. This allocation, awarded by the U.S. Treasury Department's Community Development Financial Institutions Fund (CDFI Fund) in September 2023, aims to catalyze economic and community development in low-income urban and rural communities nationwide. In January 2024, CHC announced the four organizations that succeeded in securing New Markets Tax Credit (NMTC) allocations for their impactful community development projects. Comite de Bien Estar Inc. (Comite), Corporation to Develop Communities of Tampa,...
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Community Housing Capital to be Featured on Docuseries for its Work Financing $1.12 Billion in Affordable Housing Projects

November 16, 2023, Decatur, GA – Community Housing Capital (CHC) will be featured on the docuseries “Viewpoint with Dennis Quaid” for the work it has done to finance affordable housing projects across the country. Over the past twenty-three years, CHC has issued loans totaling $1.12 billion to community and real estate developers across the country, helping unlock $3.38 billion in total development costs. CHC has enabled the creation or preservation of over 22,769 units for individuals and their families. The program will highlight how to solve affordable housing challenges across the U.S., emphasize racial equity in housing, and feature partners in Miami, Florida and San Luis, Arizona...
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Enabling the Pursuit of Economic Opportunity

July 14, 2023 - Comité de Bien Estar (Comité) is a membership non-profit located in San Luis, Arizona, that helps members build assets and strengthen the community. It supports Mexican Americans and new immigrants in overcoming the many barriers they face, including very low wages, little access to conventional financing and limited political representation. Since 2009, Community Housing Capital (CHC) has provided Comité $70 million in lending capital, including $36.7 million in single-family lending and $33.2 million for pre-development, land acquisition, multi-family construction, and permanent lending, with an additional 750,000 committed to be closed. With support from CHC, Comité has...
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Spotlight on Little Tokyo Service Center’s SMV Apartment Development

July 10, 2023 - Perhaps nowhere in the country is the attention on affordable housing quite so focused than across California. In Los Angeles, where homelessness is particularly acute, Proposition HHH was passed in 2016. The legislation allowed city officials to issue $1.2 billion in bonds to support more than 7,000 permanent supportive housing units for people at risk of or experiencing homelessness. Currently, Little Tokyo Service Center (LTSC) is working to build 187 affordable units and community serving ground floor commercial space atop the Line B Santa Monica/Vermont Ave metro station. When completed, the Santa Monica Vermont (SMV) Apartments will be a six-story high, mixed-use...
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Community Housing Capital Awarded $4.96 Million Grant through CDFI Fund Equitable Recovery Program

Funds will be deployed to affordable housing non-profit organizations in the NeighborWorks network and help address the significant unmet capital needs for minority communities and minority-led organizations. Decatur, GA -- April 14, 2023 - This week, Community Housing Capital (CHC) was selected to receive $4.96 million in funding, which it will deploy to non-profit affordable housing developers across the country. The announcement was made by Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo on April 10 as part of a larger, $1.73 billion in grants to 603 Community Development Financial Institutions (CDFIs) through the CDFI Equitable Recovery Program (CDFI...
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Community Housing Capital Announces $34 Million Housing Fund for Black, Indigenous, and other People of Color across Southern States

Wed., March 8, 2023 - Today, Community Housing Capital (CHC) announced a $34 million fund to increase access to affordable housing for people of color. The CHC BIPOC Affordable Housing Development Fund (“BIPOC Fund”) is initially made possible by a $17 million commitment from Arnold Ventures, with another $17 million coming from CHC’s own capital. With this commitment, CHC aims to address racial inequality in the housing market across 12 southern states plus Washington, DC, and reduce the racial wealth gap. The racial wealth gap is wide and persistent. More than 50 years after the Civil Rights movement, the typical U.S. Black and Latino families possessed $24,100 and $36,050 in wealth,...
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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 Partnership,...
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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, nonprofit...
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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 Krehmeyer, Beyond...
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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 borrower applications to FHLBAtlanta, CHC also provides loans to each organization to facilitate development. In 2015, CHC...
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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 housing and...
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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 person with you, our investors, customers, and friends, we hope our collective impact will inspire you. View our Digital Anniversary Report View the Press Release
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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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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 Partnership,...
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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 stories below to learn how these nonprofit developers have approached their community housing needs in different ways....
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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. Over 20 years, a group of nonprofit...
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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 NeighborWorks®...
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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'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 . Created on 08 November 2021
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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. The new loan product will take advantage of the low-cost capital CHC...
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$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), overlaid...
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One of CHC’s Most Impactful Projects

In 2016, Community Housing Capital (CHC) began working with the Little Tokyo Service Center (LTSC) to build 187 deeply and permanently affordable apartments in Los Angeles, California. Using a $4.6 million draw from its $5.5 million line of credit with CHC, LTSC acquired three adjacent sites. Combined with sites owned by the Los Angeles County Metropolitan Transit Authority (MTA), the project encompasses nearly an entire city block. Rising as a series of 6-story buildings above the Red Line’s Vermont/Santa Monica Station in East Hollywood, the new apartments will be 100% permanently affordable. Apartments will serve extremely low-income residents with earnings at or below 50% of the area...
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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