New Markets

CAHEC New Markets
New Markets Tax Credit


CAHEC created CAHEC New Markets, LLC, to focus on utilizing our New Markets Tax Credit allocations to help finance community facility projects throughout the Southeast. We have been awarded a total of $220 million in allocations from the U.S. Department of the Treasury’s CDFI Fund.

Financed Projects

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    The adaptive reuse of underutilized and vacant historic buildings into adult day care centers with medical facilities and affordable housing
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    A new construction, 85,000 square foot, medical school and free community clinic
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    The construction of a charter school for middle and high school students
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    A new construction pediatric outpatient medical facility
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    A warehouse and food distribution center that created over 150 new full-time jobs in a distressed rural community
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    The adaptive reuse of a commercial building into a 125-room hotel and contemporary art museum
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    A 1.5 million square foot new construction facility, housing a distribution center as well as retail and outlet stores, it is estimated that this project will generate approximately 320 new full-time jobs

The New Markets Tax Credits program is designed to stimulate economic and community development and job creation in low-income communities by attracting investment capital from the private sector. Taxpayers invest equity capital in qualified CDEs in exchange for a credit against their federal income taxes. In turn, CDEs are required to invest the proceeds in low-income communities, areas that traditionally have not attracted the attention of venture capitalists.

Need help?

To learn more about CAHEC’s New Markets Tax Credits, please contact Brian Oxford at 919-532-1796 or

In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C. 20220 or call (202) 622-1160.