Chesapeake Community Advisors

Chesapeake Community Advisors, Inc. is serving as the development consultant for Lutheran Social Services of Michigan (LSSM) on the renovation of Danish Village Apartments. The project consists of one four-story building with 150 one-bedroom/one-bath units and targets seniors between 30% to 60% of the Area Median Income (AMI).

All 150 apartments have been fully renovated with new kitchens, bathroom light fixtures, carpeting, energy efficient windows and air conditioners. Other improvements include a relocated library, a new firs…

KING SQUARE IS UNDER CONSTRUCTION!

King Square is the development of 57 family units on land adjacent to the Westbury HOPE VI site. The 6 acre land was assembled with Community Development Block Grant funds and is owned by the Portsmouth Redevelopment and Housing Authority (PRHA). The PRHA will enter into a ground lease with King Square 2006 Limited Partnership for 35 years. The units will consist of 12 duplex units, 3 triplex units and 4 sixplex units.

The project was financed with tax-exempt bonds and 4% low-incom…

Built in 1991, Courthouse Crossings was Arlington County's first Low Income Housing Tax Credit (LIHTC) project. It has operated as a 112-unit garden style mixed income property, with just over 40% of the units affordable to households with incomes at or below 40%, 50%, and 60% Area Median Income (AMI), the balance having market rate rents.

CCA worked with the Owner, Arlington Partnership for Affordable Housing (APAH), to implement a plan allowing APAH to become the non-profit housing entity designated to acquire Courthouse from the …

The Gay Street buildings are located east of the Central Business District in the Gay Street Historic District of downtown Baltimore, Maryland.

The project involves the restoration of three historic buildings, including one of the last remaining cast iron fronted buildings in Baltimore. All three buildings had been vacant for many years and have had substantial water damage.

The first floor of the building will be utilized as the Gay Street Food Emporium. The second floor of the building provides seating for the food court an…

The historic rehabilitation of the Warfield Building “I” is part of the rejuvenation of the Warfield Complex, located in Sykesville, MD. The “I” building is one of the sixteen buildings in the Warfield Complex, previously known as the Springfield Hospital. The 21,955 square foot building has been leased by Nexion Health, a national health care provider, for use as their headquarters.

CCA served as financing consultant for this project, providing advice regarding deal structure. CCA’s specific services included identifying, negotiating and securing tax credit investors.