Three Nonprofits Receive Open

Doors Homeownership Grants

Since 2004, CAHEC has offered an Open Doors Homeownership Grant to assist nonprofit organizations who develop for-sale affordable housing within our footprint. To date, CAHEC has awarded $760,000 towards this homeownership initiative to help provide housing to families earning 80 percent or less of the area median income.


This year, the area of focus for our funding was to assist nonprofit developers in their weatherization efforts. As our team of grant readers reviewed the applications, we evaluated how each organization was using weatherization to address resident needs, the positive impact the work would have on the community, and the long-term results of their efforts.

We are excited to announce the recipients of CAHEC's 2022 Open Doors Homeownership Grant:


$25,000 - Southeastern Housing & Community Development - SC

$15,000 - Habitat for Humanity of Seminole-Apopka - FL

$10,000 - Fort Lauderdale Community Development Corporation - FL


Each of these organizations is making important strides in providing their communities with much-needed affordable housing. To read more about each organization and learn how their efforts will change the lives of residents in their communities, please visit our website.

 

2022 Community Outreach Survey

CAHEC New Markets is seeking insight into the needs of low-income communities and persons throughout our southeast and mid-Atlantic service area. We value our affordable housing and community development partners' knowledge of their communities and ask that you take a few minutes to complete the 2022 Community Outreach Survey.

The survey results will help us better understand the needs of the communities and residents we serve to better guide future New Markets Tax Credit investments. Respondents also have the choice to enter a drawing at the end of the survey for a chance to win a set of Apple AirPod Pros (2nd generation). The survey will close on Friday, December 9, 2022.

 

Yam Jam

Last week, CAHEC hosted its first ever Yam Jam in partnership with the Food Bank of Central and Eastern North Carolina. The morning of the event, a local farmer from Nashville, NC, delivered over 11,000 pounds of sweet potatoes to the parking lot of CAHEC's office, and we invited some of our partners to volunteer with us as we bagged them up. After the potatoes were sorted into bags, the food bank picked them up and delivered them to partner agencies in our community. This event provided over 25,000 meals to our neighbors in need. Check out the video below to see how our day went!

 
 
 

New Faces at CAHEC

We're excited to introduce three new faces to the CAHEC staff! Each of these new additions bring a tremendous amount of knowledge and expertise to their respective departments, and we're so glad they joined our team. We look forward to our partners meeting them over the next few months!

 
 

Celebrating 30 Years

 

Since 1992, we've been committed to providing communities with affordable housing and opportunities for growth and revitalization by investing in qualified tax credit products. To date, we've invested in nearly 800 properties, which has provided over 37,000 units of affordable housing.


As we celebrate our 30th anniversary throughout the year, it's important to take a step back and reflect on all that we've accomplished, and to say thank you to each of our partners for helping us along the way. We wouldn't be as successful without you!

 
 

Portfolio Highlights

Expanding our Portfolio


CAHEC has added the following properties to our portfolio:


New Construction


Pine Crossing - Valdese, NC; 66 units for families; Developer: Western NC Housing Partnership, Inc. / FGM Development, LLC


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


Fully Qualified


East Bend Trace - Greenville, NC


Woodford Trace - Aiken, SC

 

Copyright 2022 CAHEC

This institution is an equal opportunity provider. 

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