CHP's Property Management Portfolio Expands into Kentucky
Christiansburg, Va. — Community Housing Partners (CHP), a non-profit affordable housing developer, surpassed the 5,000-unit mark in their multi-state rental property portfolio when they assumed management of 8 Kentucky properties last week.
For over 20 years CHP has owned and/or managed multi-family properties that serve low-income and low-wealth families, older adults, and persons with special needs. Since 1988, the organization’s portfolio has expanded from Virginia into North Carolina, Florida, and Kentucky as part of CHP’s commitment to help previously under-served communities and provide support for
The following rental communities were recently added to CHP’s property management portfolio, bringing its current number of properties owned and/or managed to 86:
• Boodry Place - Morehead, Kentucky
• Burchwood Homes - Berea, Kentucky
• Frontier Homes (scattered site rental housing) – Carter, Elliott, & Rowan Counties,Kentucky
• Main Cross – Mount Sterling, Kentucky
• Phoenix House - Winchester, Kentucky
• Renaissance Apartments - Irvine, Kentucky
• Redbud Apartments (scattered site rental housing) – Beattyville, Campton, & Jackson, Kentucky
• Townview Apartments - Jackson, Kentucky
“In a time when more and more multi-family properties are being converted to market-rate rental and condominium housing, CHP recognizes the importance of maintaining these properties as a source of affordable housing stock for the residents and communities of Kentucky,” said CHP President & CEO Janaka Casper. “By growing our portfolio of affordable rental properties, lower income individuals will have an increased number of quality, safe, affordable housing options in the southeast,” Casper added.