Another Great Year in Affordable Housing
It's safe to say 2021 wasn't the year we were all hoping for. We continued navigating the new normal of life in a pandemic, and were challenged with obstacles we never knew existed. Even though we were all mostly remote, we leaned on each other, took care of our residents, and created more affordable housing opportunities throughout our footprint. We are grateful for our partners who graciously climbed every mountain with us, and we look forward to serving our communities with you in the year to come.

Please take a few minutes to view the video below to see a few of our highlights from 2021. We wish you all much success in 2022!
Employee Spotlight: Amy Mallory
Earlier this week, Amy Mallory, our Manager, Fund Management, celebrated her 18-year anniversary at CAHEC. In her role, she is responsible for a five-person team that oversees the investments in each of our equity funds, from the pre-marketing phase, investor recruitment process, closing and stabilization of properties, and finally, their disposition.

Amy has an incredible attention to detail and provides excellent customer service both internally and externally. "Customer service is a value I hold in high regard," Amy explained. "Collaboration paired with excellent customer service allows for better outcomes." Over the years, Amy has witnessed a lot of change at CAHEC and she enjoys seeing the company continuing to make a difference in so many lives. "I love the fact that CAHEC is helping to strengthen communities by providing affordable housing. I truly believe if someone has safe, secure, and affordable housing, they can begin to see other opportunities for their life and their community."

Amy has also played an integral part in the evolution of our company as a whole. "CAHEC has diversified by expanding geographically, by seeking new investor and developer partners, and by increasing business lines. This diversification has impacted the CAHEC team by developing more roles and growth opportunities for staff. It has been great to see it all unfold."

Amy loves to see her team - and other employees - thrive, which is just one of many characteristics that make Amy an exceptional addition to the CAHEC family. "One of the most rewarding things about my job is to see the development of my team in their roles. We work hard to improve internal processes to provide better outcomes; we are truly better together."

We appreciate all that you for CAHEC, Amy! Congratulations on 18 years!
Mission in Action
The CAHEC Foundation recently sponsored a food box distribution in Columbia, SC, in partnership with Jeep Rogers YMCA. "The event went really well and the weather was perfect," described Jeff Casey, VP of Operations at Jeep Rogers YMCA. "We gave away 165 bags of groceries, collected four shopping carts of food for a local food bank, 38 people gave blood, and 34 people came by to get a COVID vaccine. We appreciate your support of this event!"

We were thrilled to hear the event was such a big success. Thank you to the Jeep Rogers YMCA team for hosting this great event and for going above and beyond to serve the members of your community.
CAHEC Welcomes Two New Board Members
We are excited to announce the addition of two new members to CAHEC’s Board of Directors!

John Rucker (left) serves as Managing Partner at Stifel in Montgomery, Alabama, where he oversees the company’s investments in affordable housing. As a founding partner of Merchant Capital, John joined Stifel in 2015 when the organizations merged. Through his leadership and industry knowledge, Stifel has become one of the nation’s leading affordable housing bond underwriters. John currently serves on the Federal Home Loan Bank of Atlanta Board and is involved in the Bank’s Credit and Member Services, Governance and Compensation, Executive, and Housing and Community Investment Committees.

William Turner (right) is Senior Vice President at Wells Fargo in Richmond, Virginia. He has led the Southeast New Markets Tax Credit Team in developing a portfolio worth more than $1.3 billion. William oversees the team in providing debt and tax credit equity capital towards developing high-impact commercial real estate, and community facilities nationwide in emerging and low-income neighborhoods and redevelopment areas.

Both John and William bring with them a vast knowledge of the affordable housing industry, which will expand and support CAHEC’s mission of ensuring everyone has access to housing.
CAHEC Celebrates 30 Years
CAHEC is celebrating its 30th anniversary this year! Fun fact: in 1992 when we were first established, we only had properties in North Carolina. Now, we have a presence throughout the entire southeast and mid-Atlantic states.

In each CAHEC Connection this year, we'll be sharing other fun facts about CAHEC. Next month, we'll also be unveiling our 30th anniversary logo! We look forward to celebrating 30 years of affordable housing with you.
Portfolio Highlights
Expanding our Portfolio

CAHEC has added the following properties to our portfolio:

New Construction

Forest Glen - Clinton, SC; 60 units for families; Developer: Greenway Residential Development, LLC

Mountain Laurel Manor III - Staunton, VA; 48 units for families; Developer: Surber Development and Consulting LLC

Fully Qualified

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

Arlington Lofts - Lexington, KY

Britton Village - Salisbury, NC

Hadley Village - Nashville, NC

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This institution is an equal opportunity provider.