Last month, CAHEC was on-site for the groundbreaking ceremony of Hardee Street Apartments, a 132-unit property that will provide housing for families in Durham, NC. CAHEC provided over $16 million in equity to the property, making it our second housing investment in the area. Durham has thrived both in part because of its proximity to great research universities, including Duke and UNC Chapel Hill, and its now fleeting inexpensive cost of living. Participating in this economic uplift remains a challenge for many who have lived in this community for decades, as many of these residents are experiencing the pressures of economic growth. Hardee Street Apartments joins other investments in the city by the development team to help preserve incumbent resident networks, culture, and quality of life with pathways to economic stability.

"This was an important project to me because not only is it located less than five minutes from where I currently live, but it was an honor to work alongside partners and stakeholders that I've known for years," shared Jon Peterson, Acquisitions Manager for CAHEC. "This was all in an effort to help alleviate housing insecurity in the area, one of the most pressing social and economic issues of our time."

The past month was filled with lots of volunteer opportunities! Over the last month, the CAHEC staff has completed over 330 hours, bringing our annual total to nearly 1,200 hours. Most recently, we spent time volunteering with the NC Senior Games at various events, including track and field, cornhole, bocce, mini-golf, and basketball.

We continue to be impressed by the athleticism of the participants in the Senior Games community and we extend our heartfelt congratulations to those who earned medals this year. We look forward to volunteering with them next year!

Believe it or not, we're starting to plan the 2024 CAHEC Partners Conference, and we'd like your input! We pride ourselves on offering sessions with dynamic speakers that will highlight our industry while also providing relevant insight on current trends. If you have an idea for a session, or if you know of an incredible speaker that could join us, please reach out to Amy Cross at across@cahec.com. We look forward to making the 2024 CAHEC Partners Conference the best one yet!