A look at how CSH deployed $202 million to advance supportive housing in 2025
In 2025, CSH’s Community Investment team deployed flexible, mission-driven capital to advance supportive housing and community-based health and service solutions nationwide. Through strategic lending and New Markets Tax Credit (NMTC) investments, we partnered with nonprofit and mission-aligned for-profit developers to expand access to affordable housing and essential services for people most impacted by homelessness.
2025 at a Glance
2025 Project Highlights
The Stewart Hotel | Manhattan, NY
A historic hotel reimagined as supportive housing in the heart of Manhattan
CSH provided $6.6 million in subordinate acquisition financing to support the transformation of the historic Stewart Hotel into 579 units of supportive and affordable housing. Developed by Breaking Ground and Slate Property Group, the project will dedicate 50% of units to formerly homeless people, with on-site supportive services.
The 31-story building, constructed in 1929, located across from Penn Station, includes space for social services and community use, with large unit layouts that support efficient conversion to high-quality supportive housing.
Casa MiA | Spokane, WA
Supporting an emerging developer with lived experience to bring supportive housing to Eastern Washington
CSH provided a $977,000 loan to MiA Mujeres in Action, an emerging developer led by staff and board members with lived expertise. CSH’s first loan in Eastern Washington will support the creation of 12 supportive housing units for women who are survivors of domestic violence.
Bowdoin Street Senior Housing | Boston, MA
Aiding new senior housing with supportive units in CSH’s first Massachusetts investment
CSH provided a $3.85 million loan to nonprofit developer, Codman Square Neighborhood Development Corporation to support predevelopment and acquisition for new construction of a 50-unit senior housing development, including 13 supportive housing units for formerly homeless seniors. This project marks CSH’s first loan in Massachusetts.
East Valley Medical Respite Center | Mesa, AZ
Advancing medical respite care and housing stability for people experiencing homelessness
CSH made a $15 million NMTC investment to support the development of the East Valley Medical Respite Center in Mesa, AZ, led by Circle the City, the only Federally Qualified Health Center in central Arizona that focuses exclusively on serving individuals experiencing homelessness.
The project will create a 30,000-square-foot facility with 85 medical respite beds, providing healthcare, behavioral health services, pharmacy access, and housing placement support, often offering clients their first safe place to recover after experiencing homelessness.
Looking Ahead to 2026
As we move into 2026, CSH remains committed to expanding access to capital for emerging developers, advancing supportive housing solutions, and investing in projects that strengthen housing stability, health, and community well-being nationwide.
Thank you for your continued partnership and support.