Who is CHN Housing Capital?
A Community Lender Servicing Your Financial Needs
CHN Housing Partners' Lending Services
CHN Housing Capital is the newly-formed lending arm of CHN Housing Partners.
CHN Housing Capital will provide access to capital for low-income homebuyers in communities in Cleveland and Cuyahoga County through:
- Home mortgage loans
- Down payment assistance
- Home repair loans
This new lending arm will support CHN Housing Partners' mission to leverage the power of affordable housing to change lives and improve communities.
Program partners include:
- City of Cleveland
- Cuyahoga County
The Power of a Permanent Address
In 1981, a group of community development corporations (CDCs) joined together to address housing abandonment and lack of affordable housing in the city of Cleveland, Ohio. They formed the Cleveland Housing Network to salvage vacant homes and create a pathway to homeownership for low-income neighborhood residents. Since then, our organization has evolved and changed significantly— including our name.
In 1987, CHN used the newly created Low Income Housing Tax Credit (LIHTC) to create the LIHTC-based Lease Purchase Program, a 15-year pathway to home ownership for families who could not afford to purchase. Over the years we expanded into multi-family and permanent supportive housing, partnered with organizations to deliver large-scale housing resources to the community, and opened a community resource center for housing and financial counseling.
Today we develop an average 170 affordable homes each year and serve 30,000 families annually through nearly 20 housing stability services.