0%
Section 8(bb) / Workforce Housing & Office to Housing Conversions
0%
Federal, State & Local Financial Support
0%
Public / Private Partnerships
0%
Increased Quantity & Quality of Affordable Housing Units
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Our Core Values for Building a Better World.
Increase the quality of the affordable housing product.
Provide housing that is attractive, affordable and sustainable.
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Our Core Values for Building a Better World.
Our Core Values for Building a Better World.
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Increase the quality of the affordable housing product.
Increase the quality of the affordable housing product.
03
Provide housing that is attractive, affordable and sustainable.
Provide housing that is attractive, affordable and sustainable.
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About Us
Welcome To Community Housing Association (CHA)
- Community Housing Association (CHA) was formed with the primary focus of improving, and increasing the number of affordable housing communities across the U.S.
- CHA’s management team has a longstanding track record of closing complex real estate transactions, raising capital, and we understand the legal framework of the affordable housing market. We are dedicated to improving the lives of our residents by offering safe, comfortable, and sustainable housing options by upgrading and expanding the available housing units for the underserved.
Our Mission
- Increase the number of affordable housing units available to the market.
- Increase the quality of the affordable housing product.
- Provide housing that is attractive, affordable and sustainable.
- Build a management team, which includes a unique community advisory board, that is reflective of the communities we serve.
Our Core Values
- Accountability
- Accessibility
- Diversity
- Integrity
- Social Responsibility
- Sustainability
- Quality
Affordable Housing
The Case for Affordable Housing
What is “Affordable Housing”?
- “Affordable housing” is housing that is affordable to households with low incomes, meaning that these households pay no more than 30% of their income for housing costs like rent, mortgage, and utilities.
- “Low-income” is based on the Area Median Income (“AMI”) of the city or county. Typically, households are considered low-income if they earn no more than 80% of AMI.
- Households earning under 50% of AMI are considered very low-income.
- Households earning under 30% of AMI are considered extremely low-income.
Of the 44.1 million renter households in the U.S., extremely low-income renters account for one quarter, or 11 million households.*
Community Housing Association
The Desired Outcome
Community Housing Association
Business Model
Immediate Solutions
CHA plans to use Section 8(bb) of the United States Housing Act of 1937 to not only increase the amount of available affordable housing, but also improve the quality of affordable housing by providing a Class A product
What is Section 8(bb)?
- Section 8(bb) provides HUD with a tool for preserving budget authority for project-based rental assistance (PBRA) under Section 8. Under Section 8(bb), if a PBRA Housing Assistance Payments (HAP) contract is terminated or expires and is not renewed, HUD is authorized to transfer any remaining budget authority to either a new or an existing PBRA HAP contract to provide assistance to eligible families, including those receiving project-based assistance at the time of the contract termination, under terms and conditions prescribed by HUD.
Long Term Solutions
Conversion of Unused Office Space to Affordable Housing
- Identify Suitable Properties: Look for vacant or underused office properties that may be suitable for conversion into housing. These properties should be well-located, potentially near public transportation, amenities, and services, to make them attractive for housing purposes.
- Financial Feasibility: Conduct a detailed financial analysis to determine if the conversion project is economically viable. This analysis should include estimated costs for renovations, expected rental or sale income, and potential incentives or subsidies available.
Disclaimers
This is not an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which or to any person to whom it is unlawful to make such an offer or sale and any subsequent offers can only be made by an appropriate offering memorandum and subscription documents. This presentation is for discussion purposes only. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.
The material available in this presentation may contain statements which are subject to risks, uncertainties and assumptions. In some cases, you can identify these statements by words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “optimistic”, “potential”, “future” or “continue”, the negative of these terms and other comparable terminology. Such statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. Statements are based on known and unknown risks, assumptions, uncertainties and other factors. The actual results, performance and achievements may differ materially from any future results, performance, or achievements expressed or implied by such statements. We do not assume responsibility for the accuracy or completeness of any statement and you should not rely on statements as predictions of future events. We are under no duty to update any of these statements to conform them to actual results or revised expectations.
Prospective investors should inform themselves as to the legal requirements and tax consequences within the countries of their citizenship, residence, domicile and place of business with respect to the acquisition, holding or disposal of securities of the type described herein, and any foreign exchange or other non-U.S. restrictions that may be relevant thereto. The descriptions contained herein regarding the proposed business plan is speculative and involves a high degree of risk. Prospective investors should fully inform themselves of the risks attendant thereto, some of which may be described in more detail in an appropriate offering memorandum, including the possibility of loss of one’s entire investment.