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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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using tax credits to create supportive housing

Using Tax Credits to Create Supportive Housing

Holly Denniston-Chase

Loan Officer

what we do
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.

  • Powerful capital funds, specialty loan products and development expertise

Research-backed tools, trainings and knowledge sharing

Custom community planning and cutting-edge innovations

Systems reform, policy collaboration and advocacy

southview villas hope mills nc
Southview Villas, Hope Mills, NC

Rural Integrated Supportive Housing

64 units (48 one-bedroom and 16 two- bedroom units)

financial information
Financial Information

Capital

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

Total $6,054,178

Operating (Annual)

Net Rental & Other Income $ 273,335

Rental Income from Key Program $ 28,320

Services (Annual)

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.

north 17 apartments phoenix az
North 17 Apartments, Phoenix, AZ

Supportive Housing Using Foreclosed Property

72 apartments (36 one-bedroom and 36 two-bedroom units) and on-site offices.

financial information1
Financial Information

Capital

AZ Department of Housing, NSP Grant $6,300,000

FHLB, Affordable Housing Program Grant $ 900,000

Total $7,200,000

Operating (Annual)

Property operations $ 79,937

Rent collection $ 432,000

Services (Annual)

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