Portfolio

Finding Our Niche in the Tax Credit Industry

CAHEC's story begins in 1992 when it was formed as a North Carolina nonprofit corporation for the express purpose of creating safe and affordable rental housing in conjunction with the federal Low Income Housing Tax Credit Program. Since that time we have evolved into a multi-state, multifunctional organization that provides a host of acquisition and asset management services to a wide range of investors.

Expanding options

From its start as North Carolina Affordable Housing Corporation, the company went on to include its southern neighbor in 1998 to become Carolina Affordable Housing Equity Corporation. Its full name today - Community Affordable Housing Equity Corporation - reflects CAHE''s geographic expansion into ten southeastern and mid-Atlantic states plus the District of Columbia.

CAHEC's core business has also expanded from an exclusive focus on raising and investing capital in qualified low-income housing tax credit developments to include a variety of tax credit preservation and community revitalization projects. In 2001, CAHEC organized Community Historic Credit Fund I to syndicate only historic tax credits. Over the years CAHEC has organized eight additional historic-only equity funds.

Then in 2005, CAHEC organized CAHEC New Markets LLC to pursue new investment opportunities through the New Markets Tax Credit program. In 2009 CAHEC New Markets received a $30 million allocation.

Stimulating investment and development, CAHEC is expanding horizons for investors and developers with eligible business and mixed-use projects - projects that will help build healthy, sustainable communities throughout CAHEC's footprint.