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The Charlotte Housing Authority (CHA)
operates three legally separate, locally incorporated
entities to help further its mission of providing safe,
decent and affordable housing. Affordable housing property
means real property, the principal component of which
is comprised of rental housing that is affordable to
households that earn less than 80% of the Area Median
Income (AMI).
Horizon Acquisition Corporation
Horizon Acquisition is a for profit
subsidiary that was organized in March 2001. CHA has
100% stock ownership. The mission of this organization
is to acquire, construct, develop, operate and/ or hold
title to affordable housing property, interests in property,
and interests in entities that own and operate affordable
housing property.
Horizon Development Properties,
Inc.
Horizon Development Properties, Inc.
is a non-profit, tax exempt 501 (c)(3) subsidiary that
was organized in March 2001. The mission of the organization
is to provide affordable housing to all qualified families.
CORE Programs, Inc.
CORE Programs, Inc. is a non-profit,
tax exempt 501 (c)(3) subsidiary. The entity was formerly
named Gateway Supportive Services, Inc. and was organized
in December 2001. The mission of the organization is
to assist affordable (low income) housing residents
in achieving economic independence through educational
and other support services.
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