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Announcements, credit updates, awards, and capital deployment milestones from Community Housing Capital.
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April 2, 2024
Community Housing Capital Receives AA- Rating from S&P Global, A+ Rating from Fitch
Community Housing Capital is pleased to announce its recent credit rating assignment by S&P Global Ratings, a leading provider of credit ratings, has assigned CHC a ‘AA-’ rating with a stable outlook. S&P highlighted in their report, “Key strengths of CHC’s ICR include their capital adequacy, profitability, and our view of management. The stable outlook…
March 14, 2024
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…
December 13, 2023
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,…
July 14, 2023
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…
July 10, 2023
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…
April 14, 2023
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…
June 7, 2022
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…
February 25, 2022
$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…