Affordable Housing Finance Magazine Ranks CHV in the Top 50 Affordable Housing Developers in the Nation
CAMBA Housing Ventures (CHV) is honored to be featured amongst esteemed fellow developers in the prestigious Affordable Housing Finance magazine’s List of Top 50 Affordable Housing Developers of 2023. The nationwide list includes both for-profit and nonprofit developers by number of units started last year. CHV ranked 45th overall after starting construction on 385 units last year — 328 units at Clarkson Estates and 57 units at The Hart.
CAMBA Housing Ventures is one of only 12 nonprofit organizations and one of only three New York-based developers to be included on the list.
CHV is especially grateful to our team of public and private partners, without whom this accomplishment would not have been possible. Affordable and supportive housing development is a true team effort, and we are thankful to have the best team in the business, including our wonderful board of directors and dedicated staff.
Rising development costs, along with operating in New York City — the foremost competitive real estate market in the country — means the challenges to bringing affordable housing to our communities only grew in 2023. However, CHV remains focused and committed to developing sustainable, supportive, and permanently affordable housing assets that transform underserved and vulnerable communities.
Clarkson Estates is a shining example of this. The Passive House development is a $238 million public-private investment in Flatbush, Brooklyn located on underutilized public hospital property. As part of the State's Vital Brooklyn initiative, Clarkson Estates will provide 328 units of permanently affordable and supportive homes to low-income and formerly homeless individuals and families, CAMBA's onsite supportive services, over 30,000 square feet of community facility space for residents and the community, and nearly 15,000 square feet of parking. We are pleased to share the foundation is now in progress.
| 
