August 14, 2018
On July 24, 2018, DHIC, Community Housing Capital (CHC) and Calvert Impact Capital co-hosted a tour of three of our affordable housing developments. The tour gave local foundations, financial advisors and their clients the chance to see, firsthand, the positive effects of affordable housing in the Triangle.
Over the course of two hours, tour participants visited the following communities:
- Brookridge Apartments, a 40-unit permanent housing community for low-income adults that is operated in partnership with Wake County Human Services.
- Meadowcreek Commons, a 48-unit LEED Silver certified seniors residence that is adjacent to DHIC’s landmark Meadowcreek homeownership subdivision.
- Washington Terrace, a 24-acre, multi-phase redevelopment project in a rapidly changing neighborhood.
While visiting the properties, residents of the developments were able to share their stories with the tour guests, speaking of how their lives were impacted by having access to affordable housing options in the community.
Following the tour, participants gathered together with DHIC board members at our Homeownership Center for lunch and presentations by several guest speakers from DHIC, CHC and Calvert Impact Capital about the value of affordable housing and available investment opportunities.
Says Gregg Warren, DHIC President and CHC board member, “This tour was a wonderful opportunity to show impact investors the direct benefits and returns of investing in affordable housing and how it helps strengthen our community. We are grateful for CHC, and Calvert Impact Capital’s investment in them, for helping us continue our efforts to bring affordable housing options to the Triangle. ”
Community Housing Capital is a certified CDFI that finances the creation and preservation of affordable housing. CHC uses debt capital to provide loans to nonprofit developers, like DHIC, in the NeighborWorks® America Network. Since 2000, CHC has invested $553 million in affordable housing projects across the country, including land acquisition loans for DHIC’s Pennington Grove and Washington Terrace.
Calvert Impact Capital’s syndication services facilitate capital for the benefit of stronger communities, with the goal to create easier on-ramps for investors seeking high-impact private debt opportunities. Calvert Impact Capital participates as a lender in all syndicated transactions.