The Housing Authority of the City of Stamford, d/b/a Charter Oak Communities (COC), established its wholly-owned real estate development affiliate, Rippowam Corporation (RC), in 2003. RC is a tax-exempt non-profit organization, designated under 509(a)3 of the IRS code as a supporting organization. The purpose of RC is to undertake development, create entities to serve as general partner in public-private development partnerships, and perform asset management services in support of the COC portfolio. Its mission is intended to serve the affordable housing needs of COC’s residents and to benefit the Stamford community.