What is Community Housing Improvement Program?
Community Housing Improvement Program (CHIP) is a prominent association representing approximately 4,000 owners and managers overseeing more than 400,000 rent-stabilized rental units across New York City's five boroughs. Established in 1966, CHIP is dedicated to empowering property owners to deliver quality, affordable housing and foster vibrant communities. Its members, who are deeply invested in their local areas and employ a substantial portion of New York's workforce, are committed to the long-term preservation of high-quality housing. CHIP actively advocates for rational, business-friendly policies and regulations at the city and state levels, serving as a comprehensive support system for its members through industry news and a monthly newsletter.
How much funding has Community Housing Improvement Program raised?
Community Housing Improvement Program has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Community Housing Improvement Program
PPP
Public-Private Partnership
What's next for Community Housing Improvement Program?
The recent strategic investment signals a commitment to bolstering CHIP's operational capacity and advocacy efforts. This capital infusion is expected to enhance the organization's ability to support its members in navigating complex regulatory environments and maintaining the quality of rent-stabilized housing. As CHIP continues its mission to ensure building owners can provide housing they are proud of, this funding will be instrumental in advancing its long-standing goals of housing preservation and community development within New York City.
See full Community Housing Improvement Program company page
