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CAHEC Connection
August 2019
In This Issue

National Night Out is an annual community-building campaign that promotes police-community partnerships and neighborhood camaraderie to make neighborhoods safer, more caring places to live. On the first Tuesday of August, communities from all over the country take part in hosting events for their residents, and Autumn Trace Apartments in Raleigh, NC, was one CAHEC-sponsored property that took part in this wonderful initiative. 


That afternoon, residents mingled with neighbors, listened to music, ate delicious treats, and met candidates from their district who are running in the upcoming fall election. It was great to see the community come together for such a special event. "We were so glad to be able to do something nice for our residents today," explained Lisa Fish, Property Manager of Autumn Trace Apartments. "So many of our residents pitched in to help make this a success and we couldn't be happier with the way it turned out."

 

CAHEC enjoys hearing about all the special events that take place on our properties throughout the year. If you'd like your property's upcoming event to be featured in the CAHEC Connection, contact Stefanie Lee at [email protected]

 


By: Kemper Baker, CAHEC Board of Directors

 

For several years we have used this space to applaud the work we have done and celebrate the social good that flows from it. At the same time, we have never lost sight of how much there still is to accomplish. A review of the recent literature on affordable housing indicates we aren't alone. 

 

From the National Low-Income Housing Coalition: "No state has an adequate supply of housing for the lowest income renters." Their annual report continues: "Out of Reach documents the significant gap between renters' wages and the cost of rental housing."

 

The Joint Center for Housing Studies of Harvard University asserts that "Housing production has not (returned to a more normal pace). The shortfall in new homes is keeping pressure on house prices and rents, eroding affordability..."

 

Curbed, in May 2019, led with "The United States is facing an affordable housing crisis." In the New York Times (7/27/2018), we read "The Country is in the grips of an escalating housing affordability crisis." And on Jan. 31, 2019, Forbes asserted that "America's Housing Affordability Crisis is Only Getting Worse." Of course, we can go on and on. 

 

If, despite the massive resources thrown at this matter, we are still losing ground, what happens next? There is no shortage of ideas and proposals. Let's look at a few.

 

Read More

 

missioninactionMission in Action
  • Earlier this week, the CAHEC staff donated school supplies to Southeast Raleigh Elementary to help prepare students and faculty for the upcoming school year. The school is opening its doors for the first time this year and shares the same facility as the Southeast Raleigh YMCA, a CAHEC New Markets investment. We were proud to provide much needed supplies to help welcome the students and faculty to their new school.
  • Congratulations to Westridge Apartments in Greenville, SC, on receiving a Rex Williams Wellness Grant from the CAHEC Foundation! With their grant funding, they were able to install a treadmill, elliptical, recumbent bike, flat bench, dumbbell set, and fitness posters in their on-site wellness center. We can't wait to hear how much the residents love using this amenity!
porthighPortfolio Highlights
Expanding our Portfolio

CAHEC has added the following properties to our portfolio:

New Construction

Market Square IV Apartments - Chesterfield, VA; 60 units for seniors; Developer: Better Housing Coalition

Acquisition / Rehabilitation

Woodland Olney School Apartments - Woodland, NC; 30 units for seniors; Developer: Weaver-Kirkland Development, LLC / Choanoke Area Development Association (CADA)



Fully Qualified

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

Crestwood  - Reidsville, NC

Market Square V  - North Chesterfield, VA

Pinewood Park - Laurinburg, NC

Riverwood Apartments  - Clifton, TN

CAHEC will be attending the following upcoming events:


Aug 26-28
Florida Housing Conference - Orlando, FL
Sept 3-6
Inbound Marketing Conference - Boston, MA
Sept 4
Southeast Raleigh YMCA Ribbon Cutting - Raleigh, NC
Sept 11-13
NASLEF - Cleveland, OH
Sept 12-13
Kentucky Housing Conference - Lexington, KY

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This institution is an equal opportunity provider.