Updates Home - Archives

Davidson Affordable Housing Community Celebrates Renovations & Renewal

Christiansburg, Va. - “Five years ago, Oak Hill Apartments was in danger of being torn down and replaced with market-rate housing. But thanks to CHP, the property was preserved and now offers quality affordable housing to a diverse population,” remarked Town of Davidson, North Carolina, Mayor John Woods at a ribbon-cutting ceremony held in June to celebrate the rental community’s recent rehabilitation.

In the past several months, CHP’s in-house architecture and construction teams performed a significant number of interior and exterior upgrades at the 73-unit multifamily property to improve its functionality, efficiency, and aesthetics.

Gwen Mitchell, a resident at Oak Hill Apartments, had this to say about the community: “When I found Oak Hill Apartments I was going through a lot. But I got up the nerve to go into the office and in there I met sunshine -- the property manager, Claudia Elias-Perez. She said, ‘I’m here for you.’ I’m so happy to be here. Not everyone at Oak Hill speaks the same language, but you always get a smile...and anyone knows what that means. Kindness knows no barrier. There is a community of people here to help each other. It’s about neighbors. Oak Hill is home for me.”

CHP’s Vice President of Development David Schultz discussed the growing national need for affordable housing. “In a time when the U.S. is experiencing an affordable housing crisis and rental costs are rising at a faster rate than wages, the preservation of existing affordable housing stock is more important than ever. The renovation of OakHill is a true success story of private and public partnerships working together to address the needs of an underserved community.”

Funding assistance for the Oak Hill renovation was provided by the Town of Davidson, People's Bank, U.S. Department of Housing and Urban Development, North Carolina Housing Finance Agency, and Enterprise.