Community Housing Capital is a Georgia-based lender for community development financial institutions working in affordable housing.
CHC is partnering with Calvert Impact Capital to raise a $15 million credit facility to support affordable housing.
Calvert has so far raised $10 million for the facility through its debt syndication business, which Calvert launched last year to rally impact capital for loan funds.
“The capital is unsecured and allows [CHC] to do more flexible lending for all the things that need to happen predevelopment,” like contracting architects and site planners, Calvert’s Beth Bafford tells ImpactAlpha.
