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 create and preserve single-family housing for low-income families and seniors.

Most recently, CHC was awarded $3,750,000 from the CDFI Fund's FY 2016 Capital Magnet Fund to facilitate the development of affordable housing across the nation. Together, these awards enable CHC to help more organizations close an affordability gap that can be so devastating to hard-working individuals and families.

View the CDFI Fund Press Release

View the CDFI FY2019 Award Book

Keeler Court rendering AHP Award 2019

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.

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"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 Housing (and CHC board member) in a facilitated roundtable where CDFIs, participants, affordable housing developers, and Impact Measurement and Management (IMM) experts will discuss the opportunity and challenges associated with highlighting the diverse impacts associated with affordable housing and developing the right accountability systems to assess progress.

"Show me the (Single Family) Money: Specific Strategies to Attract Capital for Single-Family Development" Cindy Holler, President, and CEO of Community Housing Capital will join the National Community Stabilization Trust (NCST) and other CDFI panelists to speak about how mission-oriented single-family developers often struggle to obtain capital to fund the acquisition and rehab of distressed residential properties. Learn how CDFIs can meet this need with access to affordable, flexible financing. This round table discussion will explore capital acquisition strategies including accessing debt and equity sources along with specific examples. Learn how to put together a "credit package' of various documents to improve your chances of getting capital from a lender and explore issues of racial equity in making capital more accessible for neighborhoods of color. Don't miss your chance to participate in table breakout conversations with these experts so you can ask deeper questions and review examples of successful collaborations in this space.

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 organizations that implement comprehensive approaches to affordable housing and community development. We recently attended a NeighborWorks Training Institute in New Orleans that provided us an opportunity to shine a light on just a few individuals that represent the #everydayheroesofaffordablehousing.

We hope this campaign inspires other housing organizations to shine a light of recognition on the many professionals that work to improve housing conditions in their communities.

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Jack Gilbert Lifetime NNA 2019 Achievement Award

Please join Community Housing Capital (CHC) in congratulating Jack Gilbert, CHC's founding president and chief executive officer for receiving the National NeighborWorks® Association (NNA) Richard H. Stallings Lifetime Achievement Award on March 13, 2019, at the NeighborWorks Executive Symposium in Washington, DC. This prestigious, national award is peer nominated in recognition of a history of outstanding accomplishments and contributions in the affordable housing industry and the NeighborWorks Network.

Kara Hay Penquis CEO and Community Housing Capital Board member received NNA 2019 Practitioner of the Year AwardCommunity Housing Capital (CHC) is proud to announce that Kary Hay, Penquis CEO and CHC board member, has been awarded the National NeighborWorks® Association (NNA) Practitioner of the Year Award on March 13, 2019, at the NeighborWorks Executive Symposium in Washington, DC. The Practitioner of the Year Award recognizes an executive director, staff, or board member for a recent accomplishment or contribution to the affordable housing industry and the NeighborWorks Network. Read More

Photo Courtesy Village Soup

Decatur, GA ― Following the recent retirement of Community Housing Capital’s (CHC) founding President and CEO, Jack Gilbert and Chief Financial Officer, Brent Lee, the company is pleased to announce its newly-named executive leadership team. Cindy Holler was selected as President and Chief Executive Officer and Arif Rizvi has joined CHC as Senior Vice President and Chief Financial Officer. Ms. Holler has created a dynamic team to lead CHC with the naming of Dana Chestnut, SVP/Chief Loan Officer; Alvin Saafir, SVP/ Chief Credit Officer; Debbie Campbell, SVP/Chief Communications Officer; and Debra Turner, SVP/ Chief Loan Administrator.

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Nov 16, 2017 MacArthur Foundation 

Lessons Learned from MacArthur's Investment in Housing Research

When cities strive to improve the lives of their residents, they often focus on issues such as schools, parks, jobs, or, health. Yet often overlooked is something equally fundamental. Trace the lineage of many social welfare issues today, and you will likely uncover a history of substandard, unaffordable housing. As research increasingly shows, housing that is safe and affordable and in a strong and thriving neighborhood is a launching pad to upward mobility for families. Read More

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