Complex sentence: This later changed its name to the Society of Housing Managers in 1948, and, after merging with the Institute of Housing Managers in 1965, became the present day Chartered Institute of Housing in 1994.
Split into simpler sentences: This later changed its name to the Society of Housing Managers in 1948. After merging with the Institute of Housing Managers in 1965, the society became the present day Chartered Institute of Housing in 1994.