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CAHEC has added the following property to our portfolio:
1030 Alston Court - Waynesboro, VA; 96-unit New Construction for families; Developer: Enterprise Community Development, Inc.
The Villas at Haywood - Asheville, NC; 52-unit New Construction for seniors 55+; Developer: WDT Development LLC, IGB Development LLC, & Broadcraft Construction & Development, Inc.
CAHEC New Markets has added the following investments:
Childcare Resources - Vero Beach, FL: Childcare Resources will transform two vacant, adjacent buildings totaling over 30,000 square feet into an early learning campus and resource hub. The campus will offer childcare beginning at infancy and education for children pre-K through 2nd grade. The new campus will include a lab school with 16 classrooms and student therapy rooms, an additional space for in-school wellness and early intervention services, and professional development incubator for early learning educator workforce training. This increase in space will allow them to add programming for kindergarten through 2nd grade students to serve 200 students annually.
Transforming Western Heights - Knoxville, TN: Knoxville’s Community Development Corporation is spearheading the Western Heights Choice Neighborhood Initiative with the Transforming Western Heights plan, a 70-acre HUD Choice Neighborhood development including over 700 affordable and mixed-income housing rental units and community focused services. The New Markets Tax Credit investment will support the renovation and expansion of an existing Boys and Girls Club, upfitting a new University of Tennessee Medical Center Primary Care Clinic located on the first floor of a new mixed-used building which includes affordable housing, a new construction building dubbed the Connections Building, which will be the home of Real Good Kitchen and Junior Achievement of East Tennessee’s Knoxville Entrepreneurship Center, and an adjacent public park, splash pad, and plaza.
Congratulations to the following properties on achieving 100% occupancy:
River Pointe - Childersburg, AL
Wellers Ridge - Aiken, SC
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