CAHEC Connection: January 2023 Newsletter

CAHEC Teams Up with Dress for Success

Throughout the year, CAHEC encourages its employees to find nonprofits in the community to partner with through our Community Outreach program. This initiative gives employees an opportunity to think outside the box and submit a project that will help the partner organization in some way. Employees are given time to volunteer with the organization, and funding to execute the project. Last month, some of our staff teamed up with Dress for Success of the Triangle to help them with their new Mobile Boutique.

Dress for Success of the Triangle is an organization that helps women return to the workforce by offering career and image coaching, job acquisition classes, career development workshops, and skill-building webinars. One obstacle they’ve always had is being able to reach women who have transportation barriers. To fix this problem, they launched a Mobile Boutique that can travel anywhere in the Triangle. It's outfitted with professional clothes for interview and work, and clients are able to shop, try on clothing, and receive personal coaching right where they live.

With our funding, Dress for Success was able to purchase additional shelving, make some final touches on their Mobile Boutique, and also round out their inventory with clothing and shoes. The CAHEC team spent the day helping them assemble the shelving, organizing items, and taking year-end inventory. We're thankful for organizations like this that provide such great resources to our community!

Another Great Year in Affordable Housing

2022 was a great year for CAHEC, and it was only possible because of our wonderful partners and residents. Please take a minute to view the video below to see a few of our highlights from last year as we enter 2023!

2023 CAHEC Partners Conference

We're excited to be coming back to our hometown this year for the 2023 CAHEC Partners Conference, to be held on June 6-7 at the Raleigh Convention Center. Registration for the event will open in early March.

In the meantime, we're happy to announce this year's conference theme: Hollywood! Our Welcome Reception on June 6 will give you a glimpse of the red carpet treatment - and you deserve it! More details to come in the months ahead.

For the conference itself, we want to make sure this year's sessions cover topics our attendees want to learn more about. If you have a session topic suggestion, please send it to Amy Cross at across@cahec.com. We look forward to another successful event!

Portfolio Highlights

Expanding our Portfolio

CAHEC has added the following properties to our portfolio:

New Construction

Cambridge Commons I & II - Shelby NC; 98 units total for families; Developer: Carolina Community Development, LLC

Fernhill Apartments - Conover, NC; 72 units for families; Developer: Mosaic Development Group, Inc.

Georgetown Senior Apartments - Kernersville, NC; 70 units for seniors; Developer: Buckeye Community Hope Foundation

Havens at Oxford - Oxford, NC; 60 units for seniors; Developer: Weaver-Kirkland Housing, LLC / Greystone Affordable Housing Initiatives

New Hope Place - Goldsboro, NC; 80 units for families; Developer: Surber Development and Consulting, LLC

Sumner Pointe - Portland, TN - 64 units for families; Developer: Hall Group II, LLC

Acquisition/Rehab

Forrest Place Apartments - Kermit, WV; 39 units for families; Developer: RHPA Developer

North Park Apartments - Wheeling, WV; 104 units for families; Developer: Millenia Housing Development

Operating Business

Atlanta Community Food Bank (ACFB) - East Point, GA; NMTC: New Markets Tax Credit financing will allow ACFB to purchase approximately 1.5 million pounds of food which is equivalent to 1.25 million meals and will serve approximately 83,000 people.

Congratulations to the following properties who have achieved 100% occupancy:

Fully Qualified

Assembly II - Greenville, SC

Port City II - Richmond City, VA

This institution is an equal opportunity provider.

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