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June 2017
 

In This Issue
Portfolio Highlights
Expanding Our Portfolio
CAHEC has added the following properties to our portfolio in the last 30 days:

Academy II - Moscow, PA
Developer: PPS Development
New Construction - 48 units for seniors

Elkhorn City School Apartments - Elkhorn, KY
Developer: AU Associates, Inc.
Adaptive Reuse - 27 units for families

Forest Bend Townhomes - Nashville, TN
Developer: Parkcrest Builders 
New Construction - 47 units for families

Rocky Mount Epicenter - Rocky Mount, NC
Developer: City of Rocky Mount
NMTC - event space, entertainment area, and health center

Fully Qualified
Congratulations to the following properties who achieved 100% occupancy in the last 30 days:

801 Main Street -  Newport News, VA
The Village - Dunn, NC
Inside CAHEC
We're Hiring  
Click here for a current listing of employment opportunities. 
 
Quick Links
CAHEC Foundation Donates $20,000 in Scholarships 
to Drew Charter School


Last month, the CAHEC Foundation had the opportunity to partner with  Drew Charter School, one of our   New Markets Tax Credit Investments in Atlanta, GA, to sponsor four $5,000 scholarships for their first graduating class. As part of the application process, students were asked to write an essay showing how they exemplify their school Norms: show respect, act responsibly, present professionally, and honor trust. After much deliberation over the 25 applicants, four students were announced as the 2017 Norms Scholarship recipients: John Mali, Mikayla Carney, Kiara Davis, and Yvette Pines. "The students were shocked and so excited to receive this funding. It was a great feeling to see their faces light up when their names were announced," Rachel Kaney, Director of College and Career Readiness for Drew Charter School said. "This is such a great group of students and they are all so grateful!"

The CAHEC Foundation was proud to sponsor scholarships that encourage post-secondary education. Congratulations to the class of 2017, we look forward to following your educational success!

For more information about the CAHEC Foundation, please contact Stefanie Lee at slee@cahec.com
 

Open Doors Homeownership Grant Deadline July 31



There is still time to share CAHEC's  Open Doors Homeownership Grant opportunity! This year, we are offering three grants to nonprofit organizations engaged in developing for-sale affordable housing to low-income households - one at $25,000; one at $15,000; and one at $10,000. Applications must be submitted through our online  application portal by July 31 to be considered.
 
For questions about this grant, contact Stefanie Lee at  slee@cahec.com or 919-645-9825.
 

Our Mission in Action  
  • CAHEC New Markets is excited to share the news of the first project closing from the $45 million CY 2015-2016 allocation award - the Rocky Mount Epicenter, a new construction facility in downtown Rocky Mount, NC. The majority of this facility will be designed as an event space with capacity for 5,000 seats, 8 basketball courts or 16 volleyball courts, 6 meeting/conference rooms, 4 multipurpose rooms, a commercial kitchen, café, and staff offices. Another portion of the building will be a family entertainment center which will feature a climbing wall, ball pit and jungle gym, an indoor ropes course, and arcade. The last part of the building will be rented out for a Downtown Health Plaza, which offers walk-in wellness and urgent care, physical therapy, vaccinations, and other health care services. The Epicenter will be a great economic addition to the city of Rocky Mount!
  • Congratulations to Glen Lake in Smithfield, NC, on receiving over $9,000 through CAHEC's Active Lifestyle Grant! Funding was used to help install this awesome playground, an amenity the youth are sure to love! 

 

For more information on CAHEC's Community Investments grants, visit our website or contact Stefanie Lee at slee@cahec.com

 

  CAHEC's 16th Annual Partners Conference 
a Huge Success

This year, over 450 attendees from 17 states and D.C. attended the 16th Annual CAHEC Partners Conference on Tuesday, May 16, and Wednesday, May 17, at the Grandover Resort & Conference Center in Greensboro, NC. CAHEC was excited to welcome attendees to a new venue this year, and beautiful weather made our networking event and industry session updates a huge success. 
 
    
 
On Tuesday, attendees tested their knowledge with CAHEC's Tax Credit Trivia game in the afternoon, and were invited to the Outdoor Lawn to celebrate CAHEC's 25th Anniversary that evening. Guests were encouraged to wear black and white to this fun networking event, and participated in various outdoor yard games while enjoying great food, drinks, and live music.

On Wednesday, CAHEC welcomed guests to the Partners Appreciation Luncheon, where organizations and individuals were honored for their outstanding contributions to the affordable housing industry. More information about our award winners can be found below.



CAHEC would like to thank the 85 sponsors that supported the 2017 Annual CAHEC Partner's Conference this year. With your support, we can continue offering this valuable event.

To relive the action of the conference through pictures, visit our Facebook page. If you'd like to download the presentation materials from one of our 19 sessions, please visit the conference section of our website
 


2017 CAHEC Award Winners
 
On Wednesday, May 17, CAHEC held the annual CAHEC Awards ceremony at the Grandover Resort & Conference Center in Greensboro, North Carolina. For the last 16 years, we have been honored to recognize organizations and individuals for their important contribution to the affordable housing industry. This year was no exception.
  
CAHEC is pleased to share the winners of the 2017 CAHEC Awards:
  • Investor of the Year: Synovus Bank
  • Development of the Year: Camden Pointe Apartments, Mocksville, North Carolina
  • CAHEC Values Award: Lisa Oglesby, Partnership Property Management
  • Community Investments Spotlight Award: Kat Metz, Glen Rock Apartments, Asheville, North Carolina
  • Industry Leadership Award: James Chandler
A video highlighting each winner's significant impact was displayed during the awards ceremony. We hope you take a few minutes to enjoy and share each recipient's story:
 


 


CAHEC on the Road
 
CAHEC will be attending the following upcoming events:
  • Devenwood Apartments Grand Opening - June 19 - Ridgeland, SC
  • NCSHA Housing Credit Conference - June 21-23 - Atlanta, GA
  • CHAM Annual Conference - June 25-27 - Denver, CO