Our Impact

Dear Friends,

As we share our 2024 Community Impact Report, we look back on a year marked by steady progress and continued dedication to our mission. Our focus on creating housing and communities that are healthy, sustainable, and affordable has remained central to our work.

Throughout the year, we moved forward on key initiatives across the organization. We completed major renovation work at Northway, Grayson Manor, Wellesley, and Holly Court, enhancing the quality of life for residents while improving the sustainability of these communities. These renovations represent our ongoing commitment to maintaining and enhancing our existing portfolio—ensuring that our residents have comfortable, high-quality places to call home.

Our Real Estate Development team secured critical financing for several projects and broke ground on Trinity Court in Chapel Hill, North Carolina, marking our first new construction project in that state. The Homeownership team also broke ground at Stroubles Ridge, a new single-family neighborhood in Blacksburg, Virginia, with homes that will be sold through the New River Home Trust to ensure long-term affordability.

Our Property Management and Asset Management teams continued to play a vital role for our residents. Their responsiveness and commitment helped ensure our communities are well cared for and that residents feel supported. In addition, the Resident Services department brought impactful programs to our communities, including the CHP Reads! program, which delivered nearly 6,000 books to children and seniors across dozens of communities. Likewise, the CHP Votes campaign empowered residents and supported voter participation across our communities this past fall.

Our Energy Solutions division extended its reach to serve Eastern Virginia, bringing energy-efficient upgrades to more communities and helping to reduce costs for clients. The team’s leadership in the energy-efficiency sector was further demonstrated through a multifamily peer exchange at our Baltimore Training Center.

The year 2024 also marked the completion of our three-year Strategic Plan. We made progress toward our organizational goals and objectives during this period and approved a new plan to guide our work for the next three years. In 2025, we are excited to celebrate CHP’s 50th anniversary—a significant milestone that speaks to the lasting impact of our mission. We have already begun efforts to commemorate this journey, reflecting on our growth from Project Home Repair, a grassroots organization in Virginia’s New River Valley, to a multi-state leader in the affordable housing industry.

The stories featured in this year’s Community Impact Report provide a glimpse into the tangible difference our work makes in people’s lives—from Mayor Willie Greene’s full-circle journey at Northway Apartments to Victoria Lael’s generous donation to the New River Home Trust. These narratives, along with others highlighted throughout the report, demonstrate the powerful ripple effects of stable, affordable homes on individuals and communities.

None of these accomplishments would have been possible without the support of our partners, funders, staff, volunteers, and the entire CHP community. In 2024 alone, more than 2,400 volunteers contributed their time, and partner support topped $1.3 million. This collective effort enables us to pursue our vision of healthy, sustainable communities for everyone.

While we anticipate continued challenges and uncertainty in the industry, we remain committed to our mission and confident in our ability to adapt and innovate. Through collaboration, dedication, and a shared vision, we will continue to create opportunities for individuals and families to thrive.

Thank you for being part of this important work. Together, we are creating a brighter future, one family, one home, and one community at a time.

Sincerely,