CAHEC Connection: April 2024 Newsletter

Goodwill Opportunity Center Opens in Louisville, KY

Last month, the Norton Healthcare Goodwill Opportunity Center held its grand opening ceremony in west Louisville, KY. This impactful multi-service community facility is projected to serve 50,000 people annually. CAHEC New Markets was proud to provide $10 million of New Markets Tax Credit allocation to help support this ambitious investment that is directly responsive to identified community needs.

Located in the long underserved west Louisville community, and on the site of a former dilapidated factory and brownfield, the Opportunity Center is now home to Goodwill's headquarters where its programming will serve those facing barriers to employment. The Opportunity Center is also home to partner organizations providing complementary services including dental care, job training, haircuts, a credit union branch, legal services, and more. The Opportunity Center is already catalyzing new investment with the construction of the adjacent Norton Healthcare hospital - the first hospital to be built in west Louisville in over 150 years!

Congratulations to the Goodwill team! We look forward to seeing the long-term impact you will have on the west Louisville community!

Celebrating Fair Housing Month

Every year, National Fair Housing Month is celebrated in April to commemorate the month the Fair Housing Act was passed in 1968. Through this law, individuals and families are protected from facing discrimination in the sale, rental, financing, or advertising of housing.

While we celebrate this milestone in April, it's important to implement fair housing best practices year-round. Unfortunately, there are many people throughout the country who continue to face discrimination every day, and it's up to us to ensure we continue to create diverse and inclusive communities. Everyone deserves safe, affordable housing!

Don't Forget to Register!

Here's another reminder to register for the 2024 CAHEC Partners Conference, being held on Tuesday, June 4, and Wednesday, June 5, at the Raleigh Convention Center in Raleigh, North Carolina. Registration closes on May 20, 2024.

Our staff has been working hard to plan another amazing event this year. Please check out the event website for more information on the conference agenda and registration.

For attendees needing overnight accommodations, CAHEC has reserved a block of guest rooms for this year’s event. The Raleigh Marriot City Center has rooms starting at $209/night (plus taxes and fees). Reservations can be made online or by calling (919) 833-1120. This rate will expire on May 2, 2024. All attendees must register for the conference prior to securing their hotel room.

If you have questions about the conference, or if you would like to be a sponsor, please contact Stefanie Lee at slee@cahec.com. We look forward to making the 2024 conference one to remember!

Portfolio Highlights

CAHEC has added the following properties to our portfolio:

Azalea Park - Summerville, SC; Acquisition Rehab of 64 units for families; Developer: Buckeye Community Hope Foundation

Fitch Irick's NC Rural Development Portfolio - Various locations; Acquisition/Rehab of 19 properties; Tenancy Type: 5 properties (seniors 62+) and 14 properties (family); Developer: Fitch Irick Corporation

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

Parkside at Verdae II - Greenville, SC

This institution is an equal opportunity provider.

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