CAHEC Connection: August 2021 Newsletter

CAHEC Foundation Awards $20,000 in Scholarships to High School Seniors

The CAHEC Foundation had the opportunity to partner one last time with Drew Charter School, one of CAHEC New Markets' investments in Atlanta, GA, to sponsor four $5,000 scholarships for their graduating class of 2021. As part of the application process, students were asked to write an essay showing how they exemplify their school Norms: show respect, act responsibly, present professionally, and honor trust. After much deliberation over the many applicants, four students (pictured below) were selected as the 2021 Norms Scholarship recipients. Congratulations to the class of 2021!

Sarai Biggers will be attending Arizona State University where she plans to major in Computer Science.

Kira Clark will be attending the University of Georgia where she plans to major in Spanish.

Toren Mosley will be attending Kennesaw State University where he plans to major in Engineering.

Jala Staples will be attending the Alabama Agricultural and Mechanical University where she plans to major in Film.

Partner Spotlight: Taft-Mills Group

Taft-Mills Group, a subsidiary of the Greenville, NC-based real estate investment firm Taft Family Ventures, is one of the leading developers and managers of affordable housing properties in the Southeast. Taft-Mills was created as a strategic partnership between Taft Family Ventures and Dustin Mills, a recognized pioneer in affordable housing with over 20 years of experience in the industry. Taft-Mills Group has developed ten Low Income Housing Tax Credit (LIHTC) properties, creating over 800 units of affordable rental housing, since its founding in 2015 and recently earned recognition as one of the Top 50 Affordable Housing Developers nationwide.

Taft-Mills Group is an esteemed partner of CAHEC's, having successfully collaborated on the development of eight affordable housing properties throughout North Carolina. “We are proud of how much affordable housing we have created in the seven years we have been operating. We established the company with a focus in North Carolina and over the last year, we won our first tax credit awards in Maryland and Virginia. CAHEC has been with us from the beginning and we are happy that our relationship with CAHEC has grown as our company has grown" says Dustin Mills, President and Co-founder of Taft-Mills.

Taft-Mills Group and CAHEC celebrate the

ribbon-cutting at Wakefield Commons in Raleigh, NC.

Taft-Mills Group goes beyond developing affordable housing to investing in wellness and educational opportunities for their residents. Over the past two years, their contributions to the CAHEC Foundation's Youth Leadership Initiative have sponsored a total of 16 low-income youth residents to attend two weeks of YMCA Camp High Hopes. We value our relationship with Taft-Mills and look forward to a long and successful partnership strengthening communities.

Mission in Action

CAHEC is excited to be a part of the upcoming conference hosted by the National Association of State and Local Equity Funds (NASLEF). Each year, NASLEF offers an Annual Conference that explores emerging issues and trends impacting the affordable housing industry and provides opportunities to explore innovative strategies, discuss challenges, and highlight best practices of the industry. This year's event will take place virtually from September 8-9. To learn more or register for the conference, click here.

You can catch CAHEC staff at the following sessions:

Sonya Prear is participating in the Moving Opportunities Forward After COVID 19’s Impact and Challenges panel (Thursday, September 9 from 1:00 – 2:00 PM EST)

Amy Cross is moderating the Investing in Future Leaders: How to Ensure Your Organization is Finding (and Keeping) the Right Talent panel (Thursday, September 9 from 2:30 – 3:30 PM EST)

Join the CAHEC Team!

Are you looking for a new career opportunity or know someone who is? CAHEC is currently recruiting for the following positions:

Acquisitions Analyst (two full-time positions)
Asset Management Analyst
Fund Development Specialist
Fund Manager (two full-time positions)
Manager, Lending
Post-Closing Coordinator

For a description of each of these positions, please visit our Career page.

CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package. Interested applicants should send their resume, cover letter, and a completed copy of the CAHEC application to humanresources@cahec.com.