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CAHEC Connection
March 2018
In This Issue
Each year, CAHEC awards $50,000 through our  Open Doors Homeownership Grant - a grant designed to supplement costs that non-profits incur while developing for-sale affordable housing. In 2015, Athens Land Trust in Athens, GA, was one of our three grant recipients, and used their $10,000 grant to EarthCraft™-certify nine new construction single-family homes. The first three phases of the development, known as the Cottages at Cannontown, began construction in 2016 and were completed in 2017. Each of the families who moved into the completed homes were thrilled to be homeowners and, because of the homeownership courses provided by Athens Land Trust, were ready to conquer any obstacles that came along with owning a home.
One of the homeowners, Amanda Cross, had always dreamed of owning her own house. She and her 12-year old daughter lived in an apartment and never believed homeownership would be a possibility for their family. Amanda learned about the Affordable Homeownership Program offered through Athens Land Trust and was hesitant to move forward at first, but she eventually made the call and discovered she was eligible for the program. "Our apartment was just getting too small for me and my daughter," Amanda explained. "I wanted my daughter to live in a home that she was proud of, something that she could call 'mine.' That ultimately motivated me to take the steps to enter the homeownership program."

CAHEC is excited to announce a new addition to our team! Sonya Prear joined CAHEC in February as the new Vice President, Asset Management. Hailing from Boston, MA, Sonya brings with her over 25 years' experience in the affordable housing industry, including knowledge in lending, syndication, direct investing, consulting, and developing, with a focus on asset management and real estate finance. She has a comprehensive knowledge of the Low-Income Housing Tax Credit (LIHTC) Program and has originated, structured, and negotiated complex LIHTC transactions.

Bob Landis, Senior Vice President, Syndication, remarked, "Sonya is a welcome addition to CAHEC. Her deep experience in the affordable housing industry will bring a lot of value to our team."

Sonya holds a Bachelor of Arts degree from Brown University and a Master's in Business Administration from the Wharton School at the University of Pennsylvania. We are excited to welcome Sonya to the CAHEC family!
MissionMission in Action

  • Congratulations to Red Oak Ridge in Lincoln, AL, and Andover Park in Kinston, NC, on collectively receiving nearly $25,000 through the CAHEC Foundation's Active Lifestyle Grant! Funding was used to help install the two youth playgrounds pictured below. We are sure the residents will enjoy using these awesome amenities. 
  • The CAHEC Foundation supports School Food Pantries to ensure youth residents have access to healthy meals on nights and weekends during the school year. Here are two notes from residents that make Nutrition Assistance a worth-while initiative for our organization:
    • "My family would like to thank you for your support because this program has been a blessing to us. Food is very expensive and most times it is extremely hard for us to make ends meet. It's a great feeling to know that programs like this exist!" 
    • "My son and I would like to thank you for all the delicious and healthy food you are giving us. We are cooking at night a lot more now and it's making us closer as a family - thank you!"
Conference20182018 CAHEC Partners Conference

The wait is almost over! On Tuesday, June 5, and Wednesday, June 6, CAHEC will host the 2018 CAHEC Partners Conference at the Grandover Resort & Conference Center in Greensboro, North Carolina.

This year, the Partners Appreciation Dinner will again take place on Tuesday evening at 6:30 PM on the Outdoor Lawn at the Grandover Resort. There will be food, fun, and festivities as CAHEC marks its 17th Annual Conference with a carnival theme. Stay tuned for more information.

For guests needing overnight accommodations, a block of guest rooms is available for attendees at the special conference rate of $189 per night (plus taxes and fees). The deadline for this special rate is May 4, 2018. Click  here  to make your hotel reservations today. All attendees must register for the conference prior to securing their hotel room.

For complete conference information, please visit our  event website . We look forward to making the 2018 conference the best one yet!

Fully Qualified

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

- Assembly Apartments - Greenville, SC

CAHEConRoadCAHEC on the Road

CAHEC will be attending the following upcoming events:

March 18-21
2018 National Interagency Community Reinvestment Conference - Miami, FL
March 19-21 Georgia Affordable Housing Coalition Annual Conference & Trade Show - Savannah, GA
March 26-27 National Housing & Rehabilitation Association Summit - Philadelphia, PA

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