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.
DECATUR, Ga. (PRWEB) October 11, 2018
The Board of Directors of Community Housing Capital (CHC) is pleased to announce the appointment of Cindy M. Holler as its next Chief Executive Officer. Ms. Holler will succeed Jack Gilbert, the founding CEO of Community Housing Capital, who is retiring.
Community Housing Capital is a not-for-profit corporation that provides financing for the development and preservation of affordable housing. Certified by the U.S. Department of the Treasury as a Community Development Financial Institution, Community Housing Capital serves NeighborWorks organizations in all 50 states and Puerto Rico with pre-development, construction and permanent financing; technical services and portfolio management. CHC currently has over $100 million of total assets and over $200 million in loans under management.
CHC Board Chair Paul Mazzarella commented: “Our search for a new CEO produced a very strong field of candidates, but Cindy Holler emerged as our clear choice. Her extensive experience in the community development field, creative intellect and strong leadership qualities makes her the ideal candidate to lead CHC. Cindy has demonstrated important insights in strategic vision and strong operational skills, both of which will help CHC continue to evolve as a national leader in the CDFI industry.”
Cindy Holler has a B.A. in Political Science from Kent State University and an M.S. in City and Regional Planning from Pratt Institute. Since 1998, she has held executive positions in some of the nation’s leading community development and financial services organizations, including New Cities Development Corporation, Shorebank Development Corporation, Fannie Mae and Mercy Housing. Since 2016, she has served as the President of CHoller Real Estate Development Services, a consulting firm that provides real estate development, management and planning strategies. She has worked in virtually all facets of the community development field, including real estate development, financing, revitalization and operations.
Cindy Holler stated: “I am delighted to be asked to lead Community Housing Capital, building on its strong foundation and history. This CDFI promises to efficiently invest more and different types of capital to community development corporations and strategies across the US and Puerto Rico and I am excited to be a steward in that effort”.
Outgoing CEO Jack Gilbert commented: “I am extremely pleased that Cindy Holler has been selected as the new CEO. Cindy’s obvious talents and experience will help to propel CHC to new levels of production and accomplishment. She clearly shares our strongly-held philosophy of advancing our affordable housing mission while employing strong business practices.”
About Community Housing Capital
Community Housing Capital, a national Community Development Financial Institution intermediary, is a direct lender to the NeighborWorks® Network. Incorporated in 2000, Community Housing Capital is certified as a community development financial institution and a community development entity by the U.S. Treasury’s CDFI Fund. Lending to members of the NeighborWorks network, Community Housing Capital provides both interim real estate development loans and permanent multifamily loans with favorable rates and terms. Loans are underwritten with the flexibility required to finance complex transactions with multiple layers of subsidies. Community Housing Capital has, through its lending activity, created or preserved over 18,000 units of affordable housing and facilitated $2.2 billion in total development. Community Housing Capital is headquartered in Decatur, Georgia. For more information, visit http://www.communityhousingcapital.org.
DECATUR, GA. (PRWEB) FEBRUARY 12, 2018
Community Housing Capital and Calvert Impact Capital announced today the closing of a $15 million credit facility that will supply flexible, unsecured debt for investment in affordable housing real estate transactions. Calvert Impact Capital structured the facility through its new syndication services.
This source of flexible capital can be deployed as a supplement to the secured lending that Community Housing Capital provides to the non-profit affordable housing developers in the NeighborWorks® Network.
“One of our challenges is matching available capital with the complex financing needs of our borrowers,” said David Landis, Chief Operating Officer for Community Housing Capital. “This facility will augment our work with predevelopment, scattered-site single family, and other projects that are not exclusively backed by real estate collateral,” he said. “It’s a smart way to address the critical lack of funding for affordable housing across the country.”
Calvert Impact Capital is acting as the lead arranger for the facility, leveraging its track record to attract qualified investors to help Community Housing Capital execute its work more effectively. The loan syndication model is rare in impact investing, where organizations seeking capital are usually on their own in the search for investors—an expensive and time-consuming process for any non-profit organization.
“We have had a long-term, successful relationship with Community Housing Capital and this investment continues our support of its mission to create and preserve affordable housing,” said Lucas Pappas, Director of Investments for Calvert Impact Capital. “We are excited to bring new qualified investors into the impact investing space and connect them more directly with strong mission-driven organizations like Community Housing Capital.”
About Community Housing Capital
Community Housing Capital, a national Community Development Financial Institution intermediary, is a direct lender to the NeighborWorks® Network. Incorporated in 2000, Community Housing Capital is certified as a community development financial institution and a community development entity by the U.S. Treasury’s CDFI Fund. Lending to members of the NeighborWorks network, Community Housing Capital provides both interim real estate development loans and permanent multifamily loans with favorable rates and terms. Loans are underwritten with the flexibility required to finance complex transactions with multiple layers of subsidies. In its first 17 years, Community Housing Capital has originated 433 loans totaling $639 million to 139 NeighborWorks organizations in 42 states plus the District of Columbia. This activity created or preserved over 17,915 units of affordable housing and facilitated $2.1 billion in total development. Community Housing Capital is headquartered in Decatur, Georgia. For more information, visit http://www.communityhousingcapital.org.
For investor inquiries:
About Calvert Impact Capital
Calvert Impact Capital invests to create a more equitable and sustainable world. Through our products and services, we raise capital from individual and institutional investors to finance intermediaries and funds that are investing in communities left out of traditional capital markets. During our 22-year history, we have mobilized nearly $2 billion of investor capital. More at http://www.calvertimpactcapital.org
For syndication inquiries:
800.248.0337, ext 6027
On September 22, 2016, the US Treasury Department announced through the CDFI Fund that Community Housing Capital (CHC) was among 23 Community Development Financial Institutions (CDFIs) to receive an award from the 2016 Capital Magnet Fund. The $3,750,000 award will be used to help finance the development and preservation of affordable housing for low- to extremely low-income families.
The Capital Magnet Fund provides competitively awarded equity grants to CDFIs and qualified nonprofit housing organizations to develop, rehabilitate, preserve, and purchase affordable housing. "Affordable housing remains out of reach for far too many Americans," said Antonio Weiss, counselor to Treasury Secretary Jacob J. Lew. "This funding will enable organizations across the country to expand access to affordable housing and help meet the critical needs of thousands of families."
Community Housing Capital, Part of a Group of Nonprofit, Affordable-Housing Organizations, Honored with the New Jersey Future 2016 Smart Growth Award
Awarded the New Jersey Future 2016 Smart Growth Award for the design, conversion and financing of the F. Berg Hat Factory Complex into 32 for-sale residential loft condos and ten commercial/artist studio condos to revitalize Orange, NJ while making sure current residents can afford to remain in the community.
Decatur, GA (PRWEB) April 26, 2016
Community Housing Capital (CHC) is proud to announce its inclusion as one of the 2016 Smart Growth Award recipients. Since 2002, New Jersey Future has honored smart planning and development with an annual event to honor the organizations and projects that help strengthen New Jersey’s economic, social and environmental future. After having met an extremely competitive evaluation process, the F. Berg Hat Factory Complex, in Orange, New Jersey was chosen for is transformation from an abandoned factory into commercial, artist space, and affordable condominiums anchoring the Valley Arts District.
July 20, 2015 12:30 p.m. ET - DECATUR, GA, Jul 20, 2015 -- Community Housing Capital (CHC), a national community development financial institution intermediary that provides affordable housing financing exclusively to the NeighborWorks® Network, announced today the capitalization of an innovative $100 million multi-bank syndicated credit facility to finance the development and preservation of affordable housing. Together with CHC, Morgan Stanley led the creation of the facility, and other investors include Branch Banking and Trust Company (BB&T); Carver Federal Saving Bank; Charles Schwab; Deutsche Bank; HSBC; JPMorgan Chase; and Wells Fargo.
Thirty-one apartments at Fort Ethan Allen to have no changes in short term, provide affordable homeownership in the future
Burlington, VT –The Champlain Housing Trust announced today that it has purchased the Ethan Allen Apartments in Essex from the University of Vermont. The property, with 31 apartments in 11 buildings, was sold for $3.9 million.
“We are excited to acquire this property, and appreciate UVM’s desire to work with us to eventually create more affordable homeownership opportunity,” said Michael Monte, chief operating and financial officer for Champlain Housing Trust (CHT).
February 12, 2016 by RealEstateRama - Denver, CO – February 12, 2016 – (RealEstateRama) — Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., announced that it has partnered with Community Housing Capital (CHC) to provide affordable housing to people with low incomes in the East Bay of San Francisco, specifically in the Contra Costa and Alameda counties.
FOR IMMEDIATE RELEASE
National Job Creation Initiative Awards National CDFI Capital Grant to Spur Jobs Nationwide
Create Jobs for USA Program to Help Community Housing Capital and Fellow Community Lenders Generate Jobs across the U.S.
Decatur, GA - June 8, 2012 – Community Housing Capital, a national community development lender, announced today that it has received a $375,000 capital grant from the Create Jobs for USA Fund, managed by Opportunity Finance Network® (OFN). Starbucks and OFN teamed up to launch the Create Jobs for USA initiative in response to the jobs crisis facing America. This money will help Community Housing Capital create and sustain jobs as part of this national campaign to provide financing to community businesses in underserved areas.