CAMBA HOUSING VENTURES INC
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Mission Statement
CHV's mission is to develop sustainable and energy efficient buildings that provide safe and affordable housing for low-income and formerly homeless families and individuals. CHV’s portfolio of completed or in progress developments are located throughout New York City, including work-out acquisition, new construction, rehabilitation and preservation projects. To date, CHV has completed developments totaling 820 units in New York City, representing $242 million in public and private investment.
About This Cause
Founded in 1977, CAMBA is one of New York City’s largest community-based social service non-profit organizations with a budget of approximately $120 million and a diverse staff of more than 1,500 employees. CAMBA – whose mission is to provide services which connect people with opportunities to enhance their quality of life – annually provides services to more than 45,000 individuals and families in six core areas: Economic Development; Education and Youth Development; Family Support; Housing; Health; and Legal Services. Since 1991, CAMBA has been addressing the City’s housing crisis and today this portfolio includes permanent affordable and supportive housing, homelessness prevention, housing relocation, emergency and transitional housing. In response to a pressing need for permanent, stable and affordable housing for New York City residents, CAMBA created an affiliated non-profit affordable housing development corporation in 2005 called CAMBA Housing Ventures, Inc. CAMBA Housing Ventures (CHV) envisions vital neighborhoods where affordable housing plays a critical role in the long-term economic and social success of lower-income individuals and families. CHV's mission is to develop sustainable and energy efficient buildings that provide safe and affordable housing for low-income and formerly homeless families and individuals. CHV’s portfolio of completed or in progress developments are located throughout New York City, including work-out acquisition, new construction, rehabilitation and preservation projects. CHV and CAMBA form a unique team comprised of a community based, award winning nonprofit affordable housing developer and an experienced social service provider. CHV set a goal in 2005 to have in the pipeline and/or partner on to create 1,000 units of affordable housing by 2015 and has nearly doubled this goal as of 2015 (2,057 units, $617 million in public/private investment). To date, CHV has completed developments totaling 820 units in New York City, representing $242 million in public and private investment: 880 Willoughby (100 units; Work-out Acquisition/Rehab/New-Construction), Morris Manor (46 units; New Construction), 97 Crooke Avenue (53 units; New Construction), CAMBA Gardens Phase I on the campus of Kings County Hospital Center (209 units; New Construction), Gateway Elton Phase I (197 units, New Construction) and Gateway Elton Phase II (175 units, New Construction) in partnership with Hudson Companies and Related, and Heritage House (40 units; Work-out Acquisition). CHV has 1,133 units in construction in New York City representing $350 million in public and private investment: CAMBA Gardens Phase II (293 units; New Construction), Affordable and Supportive Family Housing at Van Dyke (101 units; New Construction), Gateway Elton Phase III (287 units; New Construction) in partnership with Hudson Companies and Castleton Park, a Mitchell Lama redevelopment in partnership with Stellar Management (452 units; Acquisition/Rehabilitation/Preservation). In addition, there are approximately 104 units in the predevelopment phase, representing over $25 million in public and private investment.