CAHEC Celebrates 30 Years
RALEIGH, NC, December 30, 2022 /24-7PressRelease/ — CAHEC, a Raleigh and Columbia-based community development organization, has been helping create sustainable communities by investing in qualified tax credit products and providing community-based initiatives for the past 30 years. Founded in December 1992 by David T. Peet, CAHEC began as a nonprofit syndicator serving North Carolina. Today, the organization operates in 12 southern states, has $3 billion in capital under management, has syndicated 800 communities, manages 340 properties, and is the general partner in 250 communities.
Beyond housing, CAHEC has been committed to improving communities at every level and has invested over $16 million in community initiatives, including post-secondary scholarships, food assistance, wellness grants, youth summer camp scholarships, and disaster relief funding. Over the years, CAHEC has prioritized giving back through volunteering with local nonprofits and funding food distributions throughout our footprint. CAHEC has also expanded the services offered to include the New Markets and Renewable Energy Tax Credit Programs, property management and development, and providing loans to developers of affordable housing.
Dana Boole, CAHEC’s President and CEO spoke of the company’s success in the following: “My predecessor, David Peet, had a vision of safe and affordable housing for the residents of NC. I don’t know if he ever imagined where that vision would bring us today. Our next 30 years will have greater opportunities for those we serve.”
CAHEC is a community development organization based in Raleigh, NC, and Columbia, SC that offers housing and life-changing opportunities to residents throughout its Southeast and Mid-Atlantic footprint. CAHEC’s product areas include investing in low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. CAHEC also provides loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. To learn more about their contributions to affordable housing and surrounding communities, visit CAHEC’s website.
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