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Current company Community Housing Developers, Inc
Real Estate · 13 employees · Founded 1979 · San Jose, California, United States
Community Housing Developers, Inc.(CHD) is a private, tax-exempt nonprofit housing provider based in San Jose, at the heart of California’s Silicon Valley. CHD was formed in 1979 by a broad-based coalition of community groups, churches, and concerned individuals. Since its establishment, we have had a long record of achievement. Over our 40 years, we have developed 2,182 units and assisted more than families throughout the Bay Area. The size and scope of CHD’s properties are impressive and diverse; ranging from the quaint four-unit building at Fairview Apartments in Los Gatos, to the 43-unit complex at the Summerset Apartments in Santa Clara. Most of the projects target the needs of qualifying families, but many also serve seniors and individuals. The role of CHD is an important one in the context of the affordable housing crisis facing many Silicon Valley residents. Residential rental units are in short supply, with a less than one percent vacancy rate, and units that do become available are priced beyond the reach of many families. This even includes two-income households employed in the technology industry or local government workers, such as police and firefighters. In Santa Clara County alone, the average two-bedroom apartment rents for more than $2,970 according to recent surveys. Many luxury one-bedroom apartments rent for or more. Single-family homes all over the Bay Area are beyond the reach of many would-be buyers, with the average price for a home in the Bay Area at and average home price in Santa Clara County at $1.08 million, according to a recent industry report. The working poor and homeless face even more formidable challenges in their quest for housing, given their very low incomes. CHD is actively pursuing new projects, and currently is working on rehabbing our current sites. CHD is an expert in hard-to-finance projects and takes a creative approach in its efforts