December 27, 2020
Community Housing Partners (CHP), which has created affordable and sustainable homes across the Southeast and Mid-Atlantic for 45 years, is nearing the completion of three signature real estate development projects.
In 2020, CHP will finish the redevelopment of a large apartment building in Maryland and two new developments in Virginia, creating new or renovated homes for more than 600 low-income individuals and families in those states. CHP’s multifamily inventory totals more than 6,000 units across six states.
“This has been an exciting and challenging year for our real estate development team,” said Samantha Brown, Vice President of Development at CHP. “Although the start of the pandemic disrupted our day-to-day operations this spring, we have been able to move forward with our development work safely and on time. We could not have done this without our dedicated team members and partners who found creative solutions to finish the job.”
CHP’s most prominent development in 2020 has been J. Van Story Branch Apartments in Baltimore, Maryland. Located in the Charles North neighborhood, this 20-story, 350-unit apartment building serves Baltimore’s senior and non-elderly disabled populations and is the largest real estate development project in CHP’s history. In 2018, CHP closed on financing for the multifamily community and began a $72 million Rental Assistance Demonstration (RAD) conversion with the support of Baltimore-based partners Moseley Architects and Southway Builders.
The renovations have involved every aspect of J. Van Story Branch Apartments, from the building’s mechanical systems, to common spaces, to the apartments themselves. Residents in the high-rise building are now enjoying renovated apartments with new doors, flooring, baths, and kitchens, not to mention a new laundry room on each floor, a new elevator, and custom-made art throughout the building. CHP is also working with community partners to open a health suite on the first floor in 2021. (Read more about the transformation at J. Van Story Branch Apartments.)
Just 30 miles outside of Washington, D.C., CHP is also finishing up Townsquare at Dumfries in Dumfries, Virginia. This $55 million, 227-unit development offers affordable rental options in Northern Virginia and features six buildings with one-, two-, and three-bedroom apartments. Townsquare residents have access to a walking trail and a community center with computer rooms, a dog-grooming station, and a kitchen area.
CHP is also nearing completion on the Apartments at Kingsridge II in Henrico County, Virginia. Located just east of the City of Richmond, this $14 million project expands the Apartments at Kingsridge, originally constructed in 2018, with three new buildings. Residents in the 71 new garden-style apartments will have access to the same clubhouse, playground, and other amenities as the residents in the first phase of Kingsridge.
In addition to pursuing EarthCraft certification for both the Apartments at Kingsridge II and Townsquare at Dumfries, CHP is also making plans to expand these rental communities in the future.
“We are proud of the work we have done in 2020 to offer affordable, high-quality homes in the communities we serve, and we look forward to continuing this work in 2021,” Brown said.