Real Estate Development
As a nonprofit developer of affordable homes for sale and rental, CHDC creates high quality housing options that improve neighborhoods. We meet with community members and stakeholders to ensure meaningful public involvement and give current residents a clear voice in the development process. CHDC develops single family homes; multi-unit affordable rental projects; and mixed-use projects with commercial as well as residential opportunities. We are recognized as a leading affordable homeownership developer.
CHDC develops housing for families of all sizes and ages, seniors, and people with disabilities. We emphasize affordability for people with incomes below 80% of the area median income. Our for-sale properties are targeted to first time buyers. Buyers are prepared and qualified to purchase through CHDC’s Homeownership Program.
CHDC has developed, co-developed or acquired a total of 961 affordable housing units in the Richmond area. These include 226 new or rehabilitated homes for first time buyers with low or moderate incomes. Homeownership project sizes range from scattered-site infill homes to an 87-home subdivision. We have also completed or acquired 735 units of rental housing, some of which are planned to offer residents a future ownership interest through a mutual housing organizational structure.