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CAHEC Connection
April 2018
In This Issue
CAHEC works closely with our partners to provide ongoing support throughout a property's compliance period. An important step in this process is ensuring all residents are qualified at move-in and the property continues to remain in compliance. Our team of Asset Managers collaborates with management companies and other industry experts to review all documentation and ensure each tenant is qualified and tax credits are not jeopardized.


To help our partners avoid common mistakes, our Asset Management team put together a top ten list of tips to help ensure your team always submits the best file documentation possible:
  1. Review the application to ensure each question is answered and all signature pages are obtained.
  2. Ensure all backup documentation is within 120 days of the applicable effective date.
  3. Use the correct income limits for the property.
  4. For residents who are seasonally employed, always verify if there is additional income earned during the months they are not working.
  5. Ensure the rent is stated correctly on the Tenant Income Certification and matches the amount stated on the lease agreement.

We are in for a treat at this year's opening session at the 2018 CAHEC Partners Conference. Glen Ward, a professional humorist and inspirational speaker, will address attendees during the "More Than Numbers," session on Tuesday, June 5 at 12:30 PM. With over 25 years' experience as a motivational speaker, Ward has spoken to a range of audiences including military professionals, business leaders, and charitable organizations.

As a native South Carolinian, Ward amusingly incorporates anecdotes about his southern roots and culture growing up in a minister's household. A true storyteller with spot on impersonations of well-known celebrities, Glen shares stories from his childhood and everyday life while weaving in messages that resonate with his audience.

What does Glen hope to accomplish through his speaking engagements? He simply stated, "My goal is to leave the audience feeling better than when they came in the room." He strives to empower, uplift, and energize attendees so each person feels appreciated and motivated to tackle whatever life has in store. We look forward to having Glen kick off our 2018 Partners Conference!

Registration and room block reservations for the 2018 CAHEC Partners are now open. Please visit our conference website for registration information. Hotel reservations for the Grandover Resort can be made using our special conference room block. We look forward to seeing you in June!

missionMission in Action

  • Several CAHEC staff attended the groundbreaking ceremony for the Southeast Raleigh YMCA and Elementary School earlier this month. CAHEC New Markets, an affiliate of CAHEC, is proud to help support the construction of this project and we look forward to the positive impact it will have on the community.
  • Congratulations to Elizabeth Way Apartments in Ripley, WV, on receiving a $6,500 Rex Williams Wellness Grant from the CAHEC Foundation! Funding was used to install a treadmill, two exercise bikes, trifold fitness mats, a dumbbell set, and fitness charts for the wellness room in this new senior community. We're sure the residents will enjoy staying active with this equipment!

Expanding Our Portfolio

CAHEC has added the following properties to our portfolio:

New Construction

Southeast Raleigh YMCA and Elementary School - Raleigh, NC; NMTC: facility will be shared by a new YMCA branch and a Wake County Public School pre-k through 5th grade elementary school, equipped with an 8-lane swimming pool, children's pool, and athletic fields; Developer: Young Men's Christian Association (YMCA) of the Triangle Area, Inc. 

Acquisition & Rehab

- WWJ NC17 Portfolio (10 properties) - Various locations in North Carolina; 440 total units for families; Developer: WWJ, LLC

cahecroadCAHEC on the Road

CAHEC will be attending the following upcoming events:

April 17-18
Palmetto Housing Forum - Columbia, SC
April 22-24 Carolinas Council for Affordable Housing - Myrtle Beach, SC
May 3 Council of Development Finance Agencies NC Conference - Charlotte, NC

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This institution is an equal opportunity provider.