Community Housing Partners (CHP) has just been named to a list of the nation’s top 50 affordable housing owners by Affordable Housing Finance (AHF) magazine. The ranking is based on the number of affordable units owned as of January 1, 2013. With 745 rehabs under its belt in 2013, CHP was also ranked by the magazine as the number-two company nationwide to complete substantial housing renovations in 2013.
“For almost 40 years, CHP has provided communities with affordable rental homes--fostering financial stability for residents, encouraging neighborhood revitalization, and promoting a healthier planet for future generations,” said Jeffrey Reed, CHP’s Chief Financial Officer. “We are pleased to be recognized by Affordable Housing Finance for the efforts of our employees and partners to offer people in need with sustainable housing options.”
In addition, CHP has been listed as one of the nation’s largest affordable multi-family property managers by the National Affordable Housing Management Association (NAHMA). The recently released "NAHMA Affordable 100" is a list of 100 largest affordable multi-family property managers, ranked by affordable unit counts.
"Making the NAHMA Affordable 100 list is an accomplishment of which we at CHP are all proud--not because of the number of affordable housing units we manage--but because of all the people that are represented by that number,” said Michelle Arnold, CHP’s Assistant Vice President of Property Management. “With invaluable support from our partners, we are able to provide quality homes to thousands of people who might not otherwise be able to afford a roof over their heads.”
CHP's portfolio of owned affordable units has grown from 31 in 1988 to 5,578 in 2014, extending across Virginia, Kentucky, North Carolina, and Florida. The types of housing include conventional and tax-credit properties, as well as Section 8-eligible developments. Across the same geographical footprint, CHP currently manages 5,022 affordable housing units at 96 multi-family communities that serve individuals and families, older adults, persons with special needs, and the formerly homeless.
About Affordable Housing Finance
For over two decades, Affordable Housing Finance has served the low-income housing industry with unbiased, hard-hitting content focused on financing options, development strategies, and management techniques. Affordable housing professionals find nonpartisan perspectives on people and policies, predictions and projections, and practical ideas for dealing with changing politics and an unsettled investment climate. In print, online, or in-person, Affordable Housing Finance is the single source for affordable housing news.
About the National Affordable Housing Management Association (NAHMA)
The National Affordable Housing Management Association (NAHMA) is the leading voice for affordable housing management, advocating on behalf of multifamily rental property managers and owners whose mission is to provide quality affordable housing. NAHMA supports legislative and regulatory policy that promotes the development and preservation of decent and safe affordable housing. NAHMA serves as a vital resource for technical education and information, fosters strategic relations between government and industry, and recognizes those who exemplify the best in affordable housing.