Hurricane Preparedness
Hurricanes are inevitable throughout our footprint, and it’s important to be prepared in case one is expected to come your way. Here are a few helpful tips to help your property – and residents – prepare for a hurricane:

  1. Review your insurance policy annually, and especially before hurricane season.
  2. Update the emergency contact information for staff and residents to ensure you can get in touch after a disaster occurs. A good time to update this for residents is during recertification.
  3. Check with local emergency management services and provide contact information for your property for them to contact you, if necessary.
  4. Download the local weather app to your phone to receive regular updates in case you lose power, or have a battery-operated radio on hand in case your phone dies.
  5. Encourage staff and residents to obtain as much water, batteries, toiletries, etc. as possible to plan for a minimum of three days without power. (Don’t forget your pet supplies!)
  6. If there is damage after a hurricane, take pictures and write down any important details that may be helpful to describe the damage. Notify your insurance company and CAHEC immediately.

As a reminder, the CAHEC Foundation offers a Disaster Relief Initiative to provide support to residents in a time of crisis. For more information on this initiative, please visit our website or contact Stefanie Lee at slee@cahec.com.

New Faces at CAHEC
Kathy McKinley (left) joined CAHEC in July as our Manager, Human Resources. Kathy received her Master of Science degree in Management from Rosement College and brings over 25 years of experience leading a wide array of human resources initiatives in the nonprofit sector. We are so proud to have her join the Finance & Operations team!

Katrese Hale (right) joined CAHEC in September as an Acquisitions Analyst. Katrese holds a master's degree in City & Regional Planning from UNC-Chapel Hill and comes to us with several years of experience working in the public sector in community development with exposure to affordable housing programs. We're excited to have her join the Acquisitions & Risk Management team!
CAHEC New Markets in the News
In 2018, CAHEC New Markets provided $10 million of New Markets Tax Credit (NMTC) allocation to the YMCA of Greater Louisville to help finance the Republic Bank Foundation YMCA, a mixed-use facility housing a new YMCA, primary care and physical therapy practices, a Republic Bank branch, and other community-serving tenants. Last month, Jefferson County Public Schools (JCPS) broke ground on a new elementary school, the first to be built in West Louisville in decades. The YMCA sold part of its site to JCPS for the school. The new elementary school will be built adjacent to the YMCA and share gym and other facilities with the YMCA creating operating efficiencies and new opportunities. This is just one great example of how NMTC projects can be catalysts for their communities! See the news story here.


CAHEC New Markets Receives Allocation
We are excited and grateful that CAHEC New Markets received a $50 million New Markets Tax Credit award in the 2020 allocation round announced earlier this month! The allocation will be used to finance impactful community facilities improving education, health, and economic well-being in communities throughout the southeast and mid-Atlantic regions.
Mission in Action
Congrats to Post Ridge Apartments in Boone, WV, on receiving an Active Lifestyle Grant from CAHEC! Funding was used to help install a youth playground to help residents have a safe place to play on site.

For more information on our Partner Grants, please visit our website.
Portfolio Highlights
Expanding our Portfolio

CAHEC has added the following properties to our portfolio:

New Construction

Eastside Apartments - Charleston, SC; 64 units for families; Developer: Fitch Irick Corporation / Classic Development Company

Adaptive Reuse

Aspen Club - Bealeton, VA; 138 units for families; Developer: Robert C. Bostic / Cap Atlantic

Fully Qualified

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

Stockton Pointe - Kinston, NC
Copyright 2021 CAHEC
This institution is an equal opportunity provider.