Community HousingWorks (CHW), a nonprofit organization based in San Diego dedicated to helping people find home stability, has spun off its home buying programs and transferred them to Springboard, a national consumer financial services nonprofit.

With this move, CHW will focus on developing and operating apartment communities and delivering support services, according to Sue Reynolds, president and CEO of CHW.

CHW's current homeownership center staff will be retained by Springboard CDFI and continue providing mortgage lending programs for first-time homebuyers.

CHW has nearly 2,500 rental apartments in 34 communities statewide and serves more than 7,000 people each year.