June 26, 2020
Community Housing Partners (CHP), which provides affordable and sustainable housing across the Southeast and Mid-Atlantic, is pleased to announce that it has been named one of the top 50 affordable housing developers of 2019 by Affordable Housing Finance magazine.
CHP joined the list of nonprofit and for-profit developers of affordable housing across the United States last month. The publication ranks developers based on the number of new homes that began construction in 2019. CHP started on 300 rental units during this time including 227 apartments at Townsquare at Dumfries, just 30 miles outside of Washington, D.C., and 73 apartments for the second phase of the Apartments at Kingsridge, located just outside of Richmond, Virginia.
“We are thrilled to be recognized among the leaders in our line of work,” said David Schultz, Senior Vice President for Real Estate Development at CHP. “CHP has also consistently been among the top 10 nonprofit affordable housing developers nationally. As we continue to grow, we are not only offering more housing options for our residents, but also adding value to the communities and neighborhoods we serve.”
The National Affordable Housing Management Association (NAHMA) also named CHP among the 25 largest Rural Development program property management companies in 2020. CHP manages more than 6,200 units of affordable housing across six states, including 1,160 units that benefit from the USDA Rural Development program.
CHP’s other real estate development projects include renovations at J. Van Story Branch Apartments in Baltimore, Maryland. This 20-story, 350-unit apartment community serves Central Baltimore’s senior and non-elderly disabled populations and is CHP’s largest real estate development project to date. CHP has also moved forward with the Residences at North Hill in Fairfax County, Virginia. This 33-acre mixed-income development includes affordable family and senior rental apartments and recently closed on financing.
This month, CHP also received approval from Virginia Housing (formerly the Virginia Housing Development Authority) for four Low Income Housing Tax Credit (LIHTC) projects. These include the third phase of the Apartments at Kingsridge; additional senior apartments at Townsquare at Dumfries; new apartments for families in Yorktown, Virginia; and renovations at a CHP apartment community in Galax, Virginia.