Using Tax Credits to Create Supportive Housing. Holly Denniston-Chase Loan Officer. What We Do. CSH is a touchstone for new ideas and best practices, a collaborative and pragmatic community partner, and an influential advocate for supportive housing.
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CSH is a touchstone for new ideas and best practices, a collaborative and pragmatic community partner, and an influential advocate for supportive housing.
Research-backed tools, trainings and knowledge sharing
Custom community planning and cutting-edge innovations
Systems reform, policy collaboration and advocacy
Rural Integrated Supportive Housing
64 units (48 one-bedroom and 16 two- bedroom units)
LIHTC Equity (Investor: Raymond James) $3,945,156
State Tax Credit $1,031,407
Cumberland County Community Loan Fund Loan $ 400,000
Deferred Developers Fee $ 113,615
Bank Loan $ 564,000
Net Rental & Other Income $ 273,335
Rental Income from Key Program $ 28,320
Provided free of charge to residents by Local Lead Agency and its referral agencies, primarily funded by North Carolina Department of Health and Human Services.
Supportive Housing Using Foreclosed Property
72 apartments (36 one-bedroom and 36 two-bedroom units) and on-site offices.
AZ Department of Housing, NSP Grant $6,300,000
FHLB, Affordable Housing Program Grant $ 900,000
Property operations $ 79,937
Rent collection $ 432,000
VSUW Supportive Housing Grant $ 50,000
VSUW Working Poor Grant $ 27,500
Community Bridges, in-kind services $ 0
Private Donations $ 20,000
Total $ 97,500