The CAHEC Foundation, a nonprofit affiliate of CAHEC, improves the quality of life for residents through wellness and education. Our focus of offering these life-changing initiatives began with CAHEC’s Community Investments, where more than $14 million has been invested towards assisting residents and their communities – over $6 million of which has been dedicated to wellness and education alone. By continuing to offer these sustainable grants and partnerships, the CAHEC Foundation creates opportunities that go beyond affordable housing to help residents obtain the critical resources they need to succeed.
Our wellness grants focus on improving residents’ health and well-being. The CAHEC Foundation works closely with partners to create personalized wellness opportunities that help ensure residents live a healthy and active life. Eligible LIHTC developer partners have the opportunity to choose either the Active Lifestyle Grant or the Rex Williams Wellness Grant. Nutrition Assistance and Disaster Relief are also available to help residents receive resources during a time of need. To learn more about the CAHEC Foundation’s wellness grants and initiatives, contact Stefanie Lee at (919) 645-9825 or moc.c1547587072ehac@1547587072eels1547587072.
The Active Lifestyle Grant is a one-time grant designed to assist our partners in providing a quality recreation area at a CAHEC-sponsored LIHTC property. A recreation area is defined as a commercial quality youth playground, senior playground, or a professionally-installed recreation space. Recreation areas can assist residents of all tenancy types in developing strength, balance, and agility.
Grant amounts are based on the combined net equity provided by one or more CAHEC affiliates to a single ownership entity. An ownership entity must commit to invest a minimum of $10,000 for a recreation area. CAHEC Foundation will contribute up to 50% of total costs, not to exceed the grant amounts below.
|NET EQUITY INVESTMENT||GRANT AMOUNT|
|$1,000,000 – $2,999,999||Up to $5,000|
|$3,000,000 – $4,999,999||Up to $10,000|
|$5,000,000 and Up||Up to $15,000|
Because of the variances and costs associated with providing a quality recreation area, partners are required to consult with the CAHEC Foundation in the early development phase to review eligibility and receive conditional approval.
An ownership entity is eligible to apply for funding once an approved recreation area is installed. Eligibility expires sixty days after a property’s construction completion date. An ownership entity is strongly encouraged to consult with its state housing agency, along with its accountant, to determine the impact of this grant on the investment property’s eligible basis under Internal Revenue Code Section 42. Grantees are responsible for the costs associated with insuring, maintaining, and replacing the recreation area.
The Rex Williams Wellness Grant is a one-time grant that provides funding toward up-fitting a CAHEC-sponsored LIHTC property’s wellness room with commercial-grade exercise equipment. To provide quality equipment and customer service, the CAHEC Foundation has partnered with an experienced provider to purchase, deliver, and install approved equipment. Click here to view the variety of wellness equipment offered.
Grant amounts are based on the combined net equity provided by one or more CAHEC affiliates to a single ownership entity, not to exceed the grant amounts below.
|NET EQUITY INVESTMENT||GRANT AMOUNT|
|$1,000,000 – $2,999,999||Up to $3,500|
|$3,000,000 – $4,999,999||Up to $6,500|
|$5,000,000 and Up||Up to $8,500|
A property’s wellness center must be a designated room, in a secure location, accessible by all residents. An ownership entity is eligible to apply for funding once construction of the wellness room is complete and the location is secure. Eligibility expires sixty days after a property’s construction completion date. Grantees are responsible for the costs associated with insuring, maintaining, and replacing the wellness center equipment.
The CAHEC Foundation realizes many families rely on food assistance programs to provide nutritious meals to their children during the school year. During the summer, these programs are often put on hold until the next school year begins, which results in many children going hungry. To ensure youth residents have healthy meals year-round, the CAHEC Foundation partners with local organizations and food banks to connect residents to nutritious meals during a time when they need it the most. Since 2016, the CAHEC Foundation has helped over 650 youth and young adults receive 4,700 nutritious meals.
The CAHEC Foundation is currently partnering with:
The CAHEC Foundation recognizes how quickly our partners must react during an unexpected disaster, especially when the aftermath results in property damage, loss of basic needs, and/or the displacement of residents. To help alleviate some of the strain associated with catastrophic events, the CAHEC Foundation offers a Disaster Relief Initiative to provide support to residents in a time of crisis.
Any CAHEC-sponsored LIHTC property that experiences an unexpected disaster is eligible to apply for a grant of up to $3,000 to help provide resources to residents in need. An unexpected disaster can be defined as weather or non-weather-related occurrence (e.g. hurricane, tornado, fire, or flood). Disaster Relief funding must be utilized to purchase resources that have an immediate impact on the residents living at the effected property.
For information on which resources are provided to residents through this initiative, please refer to our Guidelines.
Our education grants focus on empowering residents. Designed to promote self-sufficiency, these grants provide residents with the means to take control of their lives and improve their prospects for success. The CAHEC Foundation works closely with our partners to provide residents access to opportunities that can help ensure they have the tools needed to pursue their educational goals.
The CAHEC Foundation partners with the National Affordable Housing Management Association (NAHMA) Educational Foundation to provide scholarships of up to $2,500 to residents living at CAHEC-sponsored properties. Visit the NAHMA Educational Foundation website for information on eligibility requirements and the online application process. To help NAHMA recognize CAHEC Foundation applicants, residents are required to type “CAHEC Foundation” beside the name of the apartment community on their application.
The 2018 NAHMA scholarship application period has ended. Applications for next year will be available in February 2019 and can be found on the NAHMA Educational Foundation website.
Youth residents of CAHEC-sponsored properties are eligible to apply for the Youth Leadership Initiative. This initiative provides personal development and educational opportunities to our younger residents. Encouraging our youth to set goals at an early age will help shape them into responsible leaders within their communities.
To promote youth empowerment, the CAHEC Foundation has partnered with the North Carolina Bankers Association (NCBA) Foundation, Camp Challenge. The NCBA Foundation is committed to promoting financial literacy throughout North Carolina by selecting hundreds of high-achieving, low-resource youth to attend Camp Challenge’s one-week-long summer camp each year.
The CAHEC Foundation’s Youth Leadership Initiative provides funding for youth residents living in CAHEC-sponsored properties to attend Camp Challenge. While at camp, youth engage in a variety of traditional camp activities, such as archery, rope courses, swimming, etc., while also participating in educational opportunities focused on personal finances and basic reading, writing, and speaking skills.
The 2018 Camp Challenge application period has ended. Applications for next year will be available in February 2019. For more information on eligibility, please refer to our Guidelines.
If you have questions about this initiative, please contact Stefanie Lee at (919) 645-9825 or moc.c1547587072ehac@1547587072eels1547587072. Residents with questions should contact their property manager.