CHOC’s mission is to increase the availability of affordable housing and to improve the quality of life for very low, low and moderate income households.

Since its inception in 1984 (as Davis Community Housing), Community Housing Opportunities Corporation (CHOC) has sponsored the development of more than 1,100 units of affordable rental housing and 74 single-family homes.  Responding to needs beyond Davis, our area of service has expanded to include communities in Yolo, Sacramento, Solano, and eastern Contra Costa counties.

CHOC finances developments and programs through a complex blend of private and public loans and grants. 

ORGANIZATIONAL STRUCTURE

CHOC has four primary program areas: Development, Property Management, Asset Management and Resident Services.

Development - CHOC has developed a multi-family portfolio with total assets in excess of $70 million through new construction and acquisition/rehab.

Property Management  - CHOC provides property management services to all of our multi-family properties through its affiliate, Sterling Asset Management Company ("SAMC"), which was created in 1994.  SAMC is a licensed California real estate broker, approved by HCD and HUD, that serves exclusively as a property management agent.  SAMC also provides fee-management services to private owners of multi-family affordable housing.

Asset Management - CHOC is the asset manager for the limited partnerships and single asset entities which own the multi-family properties developed by CHOC.  We perform all of the resident eligibility verifications, regulatory reporting, accounting functions including interim and year-end financial statements and the management of cash reserves for CHOC and its affiliates.  Daily cash balances for CHOC and its affiliates average $3.5 million.

Resident Services - CHOC operates a Resident Services Program for the benefit of the residents of our rental housing communities.  Under the direction of our Resident Services Program Manager, CHOC operates property-specific programs to address resident-identified needs.