CAHEC has added the following properties to our portfolio in the last 30 days:
American Tobacco Lofts -
Richmond, VA
Developer: ATH Developers, LLC
Adaptive Reuse - 134 units for families
Baron Hills Apartments -
Russell Springs, KY
Developer: The Hallmark Companies, Inc.
Acq. & Rehab - 24 units for families
Enfield Pointe Apartments -
Enfield, NC
Developer: Fred Mills, Sr., Fred G. Mills, Jr., and Lucius Jones
New Construction - 48 units for families
Poinsett Commons Apartments -
Travelers Rest, SC
Developer: Greenway Residential
New Construction - 44 units for families
SC Preservation Portfolio -
South Carolina
Developer: WWJ, LLC
Acq. & Rehab - 716 units for families and seniors
Fully Qualified
Congratulations to the following properties who achieved 100% occupancy in the last 30 days:
Sumter Senior -
Sumter, SC
Wakefield Spring -
Raleigh, NC
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We're Hiring
Click here for a current listing of employment opportunities.
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CAHEC Remembers
First Board Chair
It is with great sadness that we share the news of the passing of Eddie Mann, Jr., a former CAHEC Board member and long-time community advocate. Eddie's support and guidance over the years was unparalleled, serving as the Chair of the CAHEC Board of Directors from 1992-2002 and as a board member and then board advisor until 2009.
Dana Boole, CAHEC President, knows first-hand the impact Eddie has had on CAHEC. "Eddie was instrumental in the formation of CAHEC in 1992. His passion for our organization was second to none. He was my first CAHEC Board Chair, a mentor, and a friend. Long after his departure from the board, he would periodically drop me a note when he was proud of something he read in CAHEC Connections, the local news, or a property he may have driven by."
Much of CAHEC's success is a direct result of Eddie's dedication to our organization and he will be greatly missed by his CAHEC family.
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CAHEC Foundation Sponsors Summer Feeding Programs
The CAHEC Foundation realizes many families rely on food assistance programs to provide nutritious meals to their children during the school year. During the summer, these programs are often put on hold until the next school year begins, which results in many children going hungry. To ensure youth residents have healthy meals year-round, the CAHEC Foundation partners with local organizations and food banks to connect residents to nutritious meals during a time when they need it the most.
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Our Mission in Action
- CAHEC was honored to be on hand for the ground breaking of Tabor Landing, a 48-unit new construction community for working families located in Tabor Landing, NC. We can't wait to see how this development turns out.
- This year, CAHEC received 27 application submissions for the Open Doors Homeownership Grant. Our team of grant readers is currently evaluating each application and will decide on three grant recipients by mid-October. Best of luck to all the applicants!
For more information on CAHEC's Community Investments grants, visit our website or
contact Stefanie Lee at
[email protected]
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A Look Into the Affordable Housing Crisis
By: Kemper Baker, CAHEC Board Member
Reviewing recent government announcements and news stories, we might conclude that the economy is doing well and that prosperity has returned. We hear, for instance, that home prices have regained their pre-recession levels, and that the job market is robust. Although we might be able to make those cases, we would still be missing a great deal of the overall picture. Our stake in affordable housing warrants a closer examination of today's realities and how it relates to low-income residents in the housing industry.
Fortunately, both the National Low Income Housing Coalition (NLIHC) and the Joint Center for Housing Studies of Harvard University (JCHS) have recently released reports on the state of affordable housing. Unfortunately, neither story is encouraging. In fact, the title of the NLIHC report is revealing: The Gap: A Shortage of Affordable Housing. The report's focus is housing for extremely low-income households, and their situation is grim. Not one of the 50 states have sufficient affordable housing for this group. The state with the best availability has but 61 units of housing for each 100 extremely low-income households. The state with the poorest availability only has 15 units for each 100 households.
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Youth Leadership Initiative Supports
Financial Literacy
For the past 24 years, the
North Carolina Bankers Association
(NCBA) Foundation has offered a summer camp experience, known as
Camp Challenge
, to high-achieving, low-resource students across North Carolina. This year, the CAHEC Foundation was proud to sponsor 20 students to attend Camp Challenge the week of July 9th. For one-week, middle school students participated in a variety of traditional camp activities like archery, ropes courses, kayaking, and swimming. They also spent part of their time in a financial literacy course exploring topics on career goals, potential income, and budgeting for the future.
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CAHEC will be attending the following upcoming events:
- Spectrum Companies Annual Symposium - August 16-18 - Portland, ME
- The Assembly Ribbon Cutting Ceremony - August 28 - Greenville, SC
- NASLEF Annual Conference - September 13-15 - Indianapolis, IN
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