Community Housing Initiatives, Inc. CHI Corporate Profile















Background...
Community Housing Initiatives, Inc. (CHI) was created in 1993 by a Northwest Iowa Community Action Agency, Upper Des Moines Opportunity. The concept for a non-profit affordable housing organization was the result of a strategic planning session that revealed many Iowa families are caught in a cycle of poverty in part because of a lack of decent, safe and energy efficient affordable housing. CHI was formed to address the lack of new and affordable housing options for families seeking to transition from dependency on public assistance programs. Until its formation, no single non-profit organization had been designed to focus specifically on increasing housing throughout Iowa. Because of its early success and CHI’s on-going commitment to re-investment into housing, CHI has become a major player in the expansion of affordable housing in Iowa. Community Housing Initiatives, Inc. is 501(c) (3) non-profit organization and has been designated Community Housing Development Organization (CHDO) for the entire State of Iowa.

Accomplishments...
Over the past decade, Community Housing Initiatives, Inc. (CHI) has established itself as one of the most successful developers and managers of affordable rental housing in Iowa. CHI, Inc. has constructed or rehabilitated 800 affordable housing units and has 84 additional units under construction. As the result of a strong commitment to creating partnerships with communities and supportive service providers, CHI development teams have created a wide array of housing solutions, each uniquely tailored to the needs of individual communities.


Community Housing CHI currently utilizes four primary programs in order to
implement housing strategies and contribute to community revitalization:

New Construction Rental Units
CHI strives to build new construction housing units that go beyond industry minimum requirements for “safe, decent and affordable housing”. The CHI development team added to their list of requirements that new construction units also be spacious, energy efficient and offer a full range of amenities including central air, stove, refrigerator, garage and garbage disposal at no extra charge to tenants. Providing maximum housing for a minimum rent is an on-going challenge for this non-profit developer. In order to build low cost housing with maximum amenities, the CHI development team creates financing packages that include several different but compatible funding sources.

To date, CHI has been awarded 21 new construction projects (362 rental units) in communities ranging in size from 800 to 85,000. New construction projects include units for small and large families, seniors and even projects which provide for seniors in one building and families in a building on an adjacent property. What distinguishes a CHI project is that as a developer they work closely with community representatives to identify housing needs, economic development initiatives, and community priorities for new construction. Local input is critical in the development process and results in long-term “local ownership” of the project.

Historic Rehabilitation
CHI. also adds to Iowa’s affordable rental housing stock through conversion of historic buildings to rental living units. To date, CHI. has been awarded ten historic rehabilitation projects for a total of 260 rental units. Over the past three years, demand for adaptation of downtown historic buildings has steadily increased because the process delivers significant economic development impact. Renovated buildings provide new housing opportunities, aesthetically enhance dilapidated downtowns, revitalize central core neighborhoods and preserve Iowa’s architectural history. Several CHI projects have also included rehabilitation of buildings’ ground floors, resulting in new and affordable commercial space.

Housing Special Needs Populations
An important new direction of project development is the expansion of the rental amenity package to include comprehensive supportive services for residents with special needs. Partnering affordable housing with a service plan empowers residents with special needs to live independently and creates supportive living opportunities not currently offered within the community. Partnerships with service providers have been successful because they pair an organization with housing expertise and an organization with service expertise. CHI develops, owns and manages properties, providing a safe and affordable living environment for the service provider’s consumer population.

Importantly, non-profit service providers play a key role in designing resident apartment units and selecting fixtures that meet the needs of residents with disabilities. Service providers also work with CHI to develop supportive services plans for residents. CHI has developed two projects for adults with developmental disabilities, one project for adults with chronic mental illness, and recently opened a senior affordable assisted living building. Furthermore, for the past three years, CHI has opted to equip 25% of downtown historic rehabilitation units for residents with physical, sight or hearing impairments. In doing so, CHI exceeds minimum handicapped accessibility requirements by 20%. The increase in handicapped accessible units is attributable to strong demand for downtown housing with easy access to social events, shopping, recreation and professional services.

Preservation of Affordable Housing
Preservation of affordable housing is a growing concern for the State of Iowa. Thousands of affordable rental housing units in Iowa are approaching the end of government affordability contracts. Many of these housing units will be converted to market rate housing, while others will remain affordable rental units simply because they are dilapidated and energy in-efficient.

Since 2002, Community Housing Initiatives has worked closely with the Iowa Finance Authority and Iowa Department of Economic Development to secure financing to purchase 160 units of affordable housing through the preservation program. Financing packages for preservation projects integrate funds for renovations including new siding, windows, paint, furnaces, water heaters, refrigerators, stoves, hot water heaters and carpet.

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