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."

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Awarded the New Jersey Furture 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.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.

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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.

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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).

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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.

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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.

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Technology Helps Streamline Application Process for Community Development Lender
New Document Upload Feature Added to Experienced Underwriting and Internal Processing Creates an Environment as Fast as Applying for a Mortgage Loan
Decatur, GA - July 10, 2012 – Community Housing Capital (CHC), a national Community Development Financial Institution (CDFI), announced today that it has added technology providing CHC borrowers with a new tool to make it even easier to complete a loan application. The feature allows for direct upload of applications and supporting documentation directly to their loan officer; supporting its goal to facilitate the most streamlined, efficient, and secure application process for borrowers with complex loans and projects.

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Community Housing Capital (CHC) congratulates Gulf Coast Housing Partnership (GCHP), Capital Area Alliance for the Homeless, and St. Vincent de Paul as they celebrate the Ribbon Cutting for One Stop Homeless Service Center, in Baton Rouge, LA. Gulf Coast Housing Partnership is one of CHC’s largest borrowers. GCHP has financed two other developments, Ephesus and Scott School through CHC and recently closed a $4 million line of credit to develop more affordable housing in the Gulf.

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