PLATINUM2022

Community Housing Services Agency, Inc.

Savannah, GA   |  https://www.chsainc.org/

Mission

To facilitate the retention, improvement and development of affordable quality housing and neighborhoods, through innovative investments, partnerships and other means.

Notes from the nonprofit

CHSA, Inc. is the administrator of the Savannah Affordable Housing Fund (SAHF). The Savannah Affordable Housing Fund was established by the City of Savannah in 2012 to provide construction financing, home purchase assistance, and minor housing/volunteer repair assistance. CHSA handles all aspects of the day to day operations of the SAHF, leveraging funds provided by government, private and non-profit organizations to create, renovate and restore affordable housing for households with modest incomes in the City of Savannah.

Ruling year info

1990

Executive Director

Anita Smith-Dixon

Main address

5515 Abercorn Street

Savannah, GA 31405 USA

Show more contact info

EIN

58-1850981

NTEE code info

Housing Rehabilitation (L25)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Community Housing Services Agency (CHSA) is a minority-led CDFI that addresses the severe lack of safe, affordable housing in the Savannah region. SAFE AFFORDABLE HOMES: Half of Savannah residents (52%) have severe housing problems, including overcrowding, high housing costs, or lack of a kitchen or plumbing facilities. (HUD Comprehensive Housing Affordability Strategy data, 2022) LOW HOMEOWNERSHIP RATES & HIGH RENTS: Only 44% of Savannah residents own the home they live in and 47% of renters pay more than 30% of their income for housing. (ACS, 2020) RACIAL WEALTH GAP: Black people in Chatham County earn much less, on average, than their White peers ($22,213 vs. $41,883). Mortgage approvals among Black households lag 30% below that of White households. Property devaluation rates in majority Black Savannah neighborhoods average 23% below majority White neighborhoods (FFIEC, 2021).

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Financing for Affordable Housing

CHSA helps nonprofits, local government agencies and private developers to create affordable housing in Chatham County by providing short-term and long-term loans:

-Short-term Financing: CHSA provides loans for site acquisition, site preparation, construction, and other similar types of short-term loans for the preservation and construction of affordable housing.
- Long-term Financing: CHSA provides lending opportunities for affordable housing to property owners and developers, including nonprofits. CHSA also works with developers to connect with banks, government programs and private funding sources to support both renovation and new development of affordable housing.
- Employer-Assisted Home Purchase Programs: CHSA provides 5-year forgivable loans for down payment and closing cost assistance to employees of businesses that support this program.
- Homeowner Repair Grants: CHSA provides small grants and loans to homeowners with modest incomes to make minor repairs to their homes.

Population(s) Served
Economically disadvantaged people

CHSA collaborates with homebuyers, homeowners, property owners, local non-profit organizations, government, and developers to provide financing opportunities that produce and preserve affordable housing. By investing in neighborhoods, we increase property values, stabilize communities, and provide home ownership opportunities to households with modest incomes.

Population(s) Served
Economically disadvantaged people

Loan applications are often difficult for small and minority-owned businesses to secure. The CHSA Infill Housing Program provides flexible terms and reduced costs for businesses seeking to develop affordable housing. CHSA's 12-month loans support the development or major renovation of homes that are reserved for buyers earning up to 120% of the Area Media Income.

Population(s) Served
Economically disadvantaged people

To increase the number of owner-occupied homes in Chatham County, CHSA provides technical support and referrals to potential home owners in Chatham County, including:
- mortgage application support
- down payment programs
- secondary (gap) financing
- home buyer education courses

Population(s) Served
Economically disadvantaged people

Where we work

Affiliations & memberships

Community Development Financial Institution 2017

Opportunity Finance Network 2021

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Dollar amount of housing units financed

This metric is no longer tracked.
Totals By Year
Population(s) Served

Extremely poor people, Low-income people, Working poor

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

In 2020, CHSA worked with Mercy Housing to build 85 housing units, including a $14M Low Income Housing Tax Credit (LIHTC), which accounts for the larger output.

Number of housing units financed

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

CHSA’s mission is to facilitate the retention, improvement and development of affordable quality housing and neighborhoods through innovative investments, partnerships and financial services.

CHSA’s primary goals are:

1. Increase financing opportunities that create or retain affordable housing units in Chatham County.

2. Increase the rate of homeownership for individuals and families earning low-to-moderate incomes.

3. Increase and retain the number of safe, affordable rental units in Chatham County by connecting property owners with affordable credit and reliable developers.

CHSA increases equitable financing opportunities for affordable home projects through the following strategies:
- Strategic investment in neighborhoods to stabilize property values and create or retain affordable housing
- Construction financing for property developers
- Flexible loans with affordable rates for individuals, property owners, small businesses, nonprofits, and microenterprises to develop and repair affordable housing
- Financial products that ensure financing for tiny homes, cottage court communities, and accessory dwelling units (e.g., “mother-in-law suites”).

CHSA administers the City of Savannah Affordable Housing Fund (SAHF), which provides:
- Down payment assistance programs funded by local employers
- Down payment assistance programs funded by SAHF
- Referrals to homebuyer education courses
- Strategic investments in affordable housing projects like Savannah Gardens
- Rental Property Improvement Loans
- Minor home repair programs
- Construction financing programs

CHSA ensures all Chatham County residents can afford to live in safe, healthy homes through the following strategies:
- Development of affordable homes (through CHSA’s subsidiary CHSA Development and other nonprofit and for profit developers)
- Mortgage application guidance and support
- Technical assistance to microenterprises seeking financing for affordable housing projects
- Special financing for flexible home repair loans
- Minor home repair grants for families with very low incomes

CHSA was established in 1989 as a nonprofit housing organization with the support of community, banking, and local government leaders.

Since 2013, with support from the City of Savannah's Housing Department, CHSA has administered the Savannah Affordable Housing Fund (SAHF). In 2017, CHSA obtained CDFI certification and is continuing to build its role as Savannah's leading and most innovative, affordable housing, non-profit lender. In 2021, CHSA became a member of the Opportunity Finance Network.

CHSA has three staff members and also partners with the City of Savannah Office of Housing and Neighborhood Services to accomplish its mission. CHSA is projected to double its staff in the next two years due to investments at the local and regional level in affordable housing funding.

Key organization accomplishments include:
- Established a Community Housing Development Organization (CHDO) subsidiary, called CHSA Development, in 1991. CHSA Development served as the master developer for the Savannah Gardens community, now in Phase Six.
- Since 1999, collaborated with local housing stakeholders to invest $637M in affordable housing, impacting over 10,452 families.
- Since 2012, provided down payment assistance loans and home buying counseling services to families earning low-to-moderate incomes.
- Since 2020, closed $3.2M in low-interest loans to mostly minority-owned microenterprises to support affordable housing development and rehabilitation for over 500 people.
- Providing financing for 52 tiny homes for persons experiencing homelessness.

Track public and private investment in affordable housing in the Savannah region.
-For every dollar CHSA invests in a community, we are able to leverage $8 from both public and private investments provided by local, state and national sources.

Decrease in the overall number of cost-burdened renters in Savannah.
-According to the Harvard Joint Center for Housing Studies, the number of cost-burdened renters has decreased in Savannah from 55% in 2019 to 47% in 2021.

Increase in property values in neighborhoods targeted for reinvestment.
-When CHSA provides financing for an affordable home unit, we will track the corresponding property values and seek to maximize investment in the surrounding homes.

For example, since 2018, CHSA has gradually financed projects on both sides of Cumming Street in West Savannah, using both public and private investments, in partnership with non-profits, microenterprises and another minority-led CDFI. Property values along the street have tripled, to over $2M, in just four years.

As CHSA considers the next 5-10 years, our primary focus is to increase investments in safe, affordable housing by providing flexible financing, support services, and housing development and repair for families, small businesses, microenterprises, and nonprofits.

Financials

Community Housing Services Agency, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Community Housing Services Agency, Inc.

Board of directors
as of 12/16/2022
SOURCE: Self-reported by organization
Board chair

Deborah Wright

United Community Bank

Bernie Beier

Queensborough Bank

Dick Evans

Sheri Butler

Wells Fargo Bank

Alicia Gaffney

Carver State Bank

Earline Davis

Housing Authority of Savannah

Chad Jacobs

Truist

Marsha Buford

West Savannah Community Organization

Fred Madsen

Naomi Brown

Michael Stephens

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 11/28/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American/African
Gender identity
Female

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

No data

We do not display disability information for organizations with fewer than 15 staff.