Developers Overview

When developers partner with CAHEC, they soon discover that they are working with a team well acquainted with the intricacies of managing a tax credit deal. CAHEC's acquisition managers know the details of a state's QAP, have in-depth experience with underwriting a variety of tax credits projects, and are known in the industry for responsive service. The high retention rate among our developer partners is the result of CAHEC's ongoing commitment to meeting customers' needs.

CAHEC's Acquisitions Department comprises a long-tenured staff with decades of affordable housing and community development experience. Developers work with a single acquisitions manager who coordinates all phases of the deal from the initial planning to lease-up. Development team members can take advantage of a convenient Web-based portal for submitting due diligence documents. CAHEC's Community Programs manager is also available to advise developers interested in including CAHEC's innovative Community Programs as part of their tax credit application.

CAHEC’s Community Programs division coordinates six on-site programs, offers a grant for part-time supportive service coordination, and administers a variety of partnerships with other agencies to benefit residents of properties we help finance. The Community Programs are part of an array of value-added services delivered by CAHEC that include low-interest predevelopment loans and carryover loans as well as technical assistance.

Financial Assistance

CAHEC's lending program includes predevelopment and carryover loans for projects using CAHEC equity. Predevelopment loans provide funds to nonprofit entities for expenses related to planning a tax credit project. Carryover loans help with paying the costs needed to meet the 10 percent test requirements for a carryover allocation. For more information, contact Chuck Newcomer at cnewcomer@cahec.com.

Technical Assistance

Developers may call upon CAHEC's diverse expertise for guidance in all aspects of project development and property management. CAHEC's Acquisitions Department provides a wide range of technical assistance aimed at helping developers plan and structure their projects.

For the less experienced or first-time developer (for example, a CDC or CHDO), CAHEC can provide assistance in project planning, site selection, financial structuring, and applications for tax credits and financing as well as actual project construction and lease-up. For the more seasoned developer, CAHEC's acquisition managers may be particularly helpful by providing insight into an unfamiliar local market or state.