Comprehensive Housing Assistance Inc.

Filing Period

Jul 1, 2012 to Jun 30, 2013

Signed

May 15, 2014

Return Version

2012v2.3

Gross Receipts

$4,225,187

Major Activities

Activity 2

CHAI Housing Management Program provides oversight of the fiscal and tenant management of 16 affordable senior housing projects with 1,486 units, valued at $154 million. All of these projects were built or rehabbed with government funding that restricts tenant eligibility, rental rates and cash distributions. CHAI is the General Partner of 7 projects that are owned by for-profit limited partnerships where we are eligible to receive management fees and limited surplus cash distributions. The other 9 projects are owned by non-profit corporations that are subsidiaries of CHAI from which no cash can be distributed to the owners. CHAI contracts with Edgewood Management Corporation for the onsite management of all 16 senior affordable housing developments.

Activity 3

CHAI is committed to developing affordable housing for the community's senior population. With the rising cost of market rate rental apartments CHAI's Weinberg Senior Apartments are among the few remaining sources of affordable housing for hundreds of low and moderate-income seniors in Northwest Baltimore. New multifamily affordable housing units for seniors and renovation of existing affordable housing units for seniors have been developed over the last 19 years by utilizing a variety of funding sources including Federal, State, and Local Governments, private loans, and fundraising. A total of 1,635 affordable housing units in 16 mid-rise apartment buildings have been built or in the process of being completed by CHAI. In the next few years, we plan to develop housing for other special needs populations and affordable multifamily housing for families.

Filer

EIN

23-7097000