December 26, 2017
Community Housing Partners (CHP), a Christiansburg, Virginia-based nonprofit which has created affordable and sustainable homes for more than 40 years, experienced a year of growth in 2017.
This year, CHP added eight real estate developments to its rental portfolio, creating new or renovated homes for more than 600 low-income individuals and families in three states. The nonprofit’s multi-family housing inventory now totals more than 6,000 units across six states.
“Our mission and vision at CHP is to create affordable, sustainable, healthy homes for all of the people we serve, and real estate development is the economic engine that allows for that mission and vision to be realized,” said Samantha Brown, Assistant Vice President for Real Estate Development.
In 2017, CHP developed six properties across Virginia. Among these was Belleville Meadows Apartments in Suffolk, Virginia. During renovations for this 128-unit property, CHP converted some of the one- and two-bedroom units to three-bedroom units for families. Other properties included Planters Woods Apartments in South Hill, Virginia, a 46-unit development which was on the verge of condemnation and foreclosure before CHP purchased and renovated it, and Powell Valley Village Apartments in Jonesville, Virginia, a 34-unit property not far from the Tennessee border in Southwest Virginia.
Just 20 minutes outside of Washington, D.C., CHP also performed a historic, adaptive reuse of five buildings from the former Lorton Reformatory. Lindsay Hill Senior Apartments in Lorton, Virginia, is a 55-unit senior development located within the Spring Hill senior community and CHP’s first affordable housing project in Fairfax County.
CHP also completed Tranquility at the Lakes in Virginia Beach, Virginia, a 40-unit new construction senior property in the Burton Station neighborhood, and made renovations to Kippax Place Apartments in Hopewell, Virginia. For the latter, CHP performed a Rental Assistance Demonstration (RAD) conversion on a 50-year-old building to bring the 100 units back to like-new condition for the senior and disabled population.
CHP also had RAD projects in Maryland and South Carolina. Primrose Place Apartments in Baltimore, Maryland, offers 125 units for seniors and the non-elderly disabled, while Highland Crossing in Spartanburg, South Carolina, replaced an aging public housing complex with 72 new apartments.
“We are serving not only families but also seniors and the disabled,” Brown added. “When we build or develop a property, those residents become a part of the CHP family, and we are able to focus on our residents through exceptional property management and excellent resident services.”
Earlier this year, CHP made the National Affordable Housing Management Association’s list of the 100 largest affordable multifamily property management companies in the United States. The nonprofit also won a 2017 Governor’s Environmental Excellence Award and Viridiant’s Multifamily Renovation Project of the Year for earlier development efforts.
In 2018, CHP will continue its real estate development efforts with new construction and renovation projects in Virginia and Maryland that will benefit low-income individuals and families.