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April 2017

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

Mason Manor Apartments - Boiling Springs, SC
Developer: Flatiron Partners, LLC and Classic Development Company, LLC
Acq. & Rehab - 98 units for seniors

Sky Hope Recovery Center - Somerset, KY
Developer: The Adanta Group
New Construction - 68 units for special needs
Inside CAHEC
We're Hiring  
Visit the  careers section of our website for current employment opportunities. 
Quick Links

Affordable Housing is Helping Veterans

It's easy to feel passionate about providing safe, affordable housing when residents share stories about the positive impact it has had on their lives. Samuel Conner, a resident of Mingo Village Apartments, definitely has a story worth sharing.

Samuel grew up in Glen Cove, NY, in the 1950's. After graduating high school, he enlisted in the Army and was deployed to Vietnam; he was proud to be fighting for his country. After serving his time - 2 years, 2 months, and 25 days, to be exact - Samuel was looking forward to returning home to his family. He beamed with pride as he described how he felt the day he was discharged in 1972. "I was ready to get back to my family. I wore my uniform home and I remember my boots were shined. I had a big duffle bag in one hand and my discharge papers in the other." Soon after, Samuel got married, started a family, and opened his own floor covering business. He moved to North Carolina in 2006.

In 2012, Samuel was invited to be part of a cross-country motorcycle ride with a large group of veterans and vet supporters. They would begin their journey in California and end up at the Vietnam Memorial in Washington, D.C., to pay their respects to the fallen soldiers. Samuel documented his journey daily for his family so they could later read about his cross-country experiences. It was so well written that they encouraged him to turn his journal into a book, which was later published. 


Our Mission in Action  
  • Congrats to Village at Stone Creek in Asheboro, NC; Jake's Ridge in Oxford, NC; and Camden Pointe Apartments in Mocksville, NC, on collectively receiving $30,000 in playground funding through CAHEC's Active Lifestyle Grant. CAHEC enjoys providing financial assistance for outdoor recreation areas so youth residents have a place to stay active. 

  • The CAHEC Foundation recently donated over $16,000 to the North Carolina Banker's Association Foundation's Camp Challenge. Because of these donations, high-achieving, low-resource students from across North Carolina can attend the camp at no cost to their families. What makes this camp unique is that students participate in a variety of traditional camp activities while also engaging in a personal finance course throughout their one-week stay. 
  • 801 Main Street Apartments in Newport News, VA, and Camden Pointe Apartments in Mocksville, NC, both received computer workstations through CAHEC's Technology Resource Grant this month. On-site technology centers will give residents the tools they need to perform online banking, pursue an education, search for employment, and much more. 
For more information about CAHEC's Community Investments grants, visit our website or contact Stefanie Lee at

CAHEC Partners Conference Offers Large Variety of Sessions

The 2017 CAHEC Partners Conference  is an event you won't want to miss! This year offers our widest selection of sessions to date lead by some of the top speakers in our industry. Everything from LIHTC Compliance to tax reform to succession planning - the variety of sessions available will meet the needs of all attendees. 

Remember our array of networking events!  This year, CAHEC invites our attendees to help us celebrate our 25th Anniversary at the Partners Appreciation Dinner on Tuesday evening at 6:00 PM on the outdoor lawn space at the Grandover Resort. We're asking all attendees to wear either black or white to help us usher in our silver anniversary in style!

For complete conference information, please visit our conference webpage . We look forward to making the 2017 conference the best one yet!

Chuck Newcomer Retiring in May

After dedicating nearly 20 years to our organization, Chuck Newcomer, VP, Risk Management, has announced his retirement. Chuck joined CAHEC in March of 1998 as our second employee. As shared by Dana Boole, our President and CEO, "Chuck's passion, perspective, and impact has been second to none. His wit and sense of humor will be remembered for years to come." Although Chuck's able guidance will be missed, his long-standing contributions and commitment to our mission will always be part of our fabric. His last day at CAHEC will be May 5th.

Please join us in thanking Chuck for his dedication to CAHEC and his countless contributions to the affordable housing industry. We wish him well in all future endeavors, which - at a minimum - will include bicycling, fishing, and golf. Our eternal thanks, Chuck!

CAHEC on the Road

CAHEC will be attending the following upcoming events:
  • Wakefield Spring Ribbon Cutting - April 18 - Raleigh, NC
  • Palmetto Affordable Housing Forum - April 18-19 - Columbia, SC
  • Carolinas Council for Affordable Housing Meeting - April 23-25 - Myrtle Beach, SC
  • Harrison Terrace Grand Opening - April 28 - Marion, NC