CAHEC Capital: 2021 Year in Review

CAHEC Capital, Inc. is a certified, nonprofit CDFI and serves as the financing affiliate of CAHEC. The company promotes healthy, empowered, and sustainable housing opportunities for low- and moderate-income individuals and their families by providing flexible predevelopment and bridge financing to Low Income Housing Tax Credit (“LIHTC”) developers through three loan product offerings. Current loan options available to developers through CAHEC Capital include Predevelopment Loans, Carryover Loans, and Bridge Loans.

In 2021, CAHEC Capital administered more than $14 million in loans to support the development of nearly 2,000 affordable housing units across 14 properties. The properties are spread throughout seven states and include a combination of new developments and rehabilitation projects as well as elderly and family communities. Beyond generating and preserving much-needed affordable housing options, the projects that received loans from CAHEC Capital will create an estimated 728 construction jobs.

Introducing Community Capital

CAHEC is excited to announce that Brian Oxford will now serve as our Manager, Community Capital. In this role, Brian will oversee both CAHEC Capital and CAHEC New Markets. Brian has been with CAHEC since 2005. Previously, he served as a Manager in the Acquisitions department while simultaneously leading the operations of CAHEC New Markets. "Brian's perseverance, market acumen, and character make him the ideal person to lead the newly combined business unit. His desire for excellence will strengthen and evolve this critical piece of CAHEC’s community investment platform," says President and CEO Dana Boole. Brian has been an integral part of CAHECs success, and we are thrilled to see the future growth of CAHEC Capital and CAHEC New Markets under his leadership.

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