2024 By the Numbers
Properties
Units
Residents
Total Jobs Supported
Construction Types
New
Acquisition/ Rehab
Tenancy Types
Family
Elderly
Properties by State
North Carolina
South Carolina
Virginia
Mississippi
Tennessee
City: Murray
State: KY
# of Units: 60
Tenancy: Elderly: 55 and Older
Construction: New
If you’re a resident of Arbor Glen Apartments in Lenoir, NC, there’s a high likelihood that you know Donnie Flowers. He’s the neighbor who always walks around and picks up trash, pulls random weeds out of the flower bed, and makes the best cakes for the community potluck. There’s usually not a function that Donnie’s not attending, and he’s always first in line to lend a helping hand.
“I try to keep my day open in case my neighbors need me,” explained Donnie. “I don’t mind running errands for people who may not be able to drive, and I enjoy taking people where they need to go. Whether they need a ride to the doctor or the grocery store, I’m happy to help.” His giving spirit is something he prides himself on, sharing that he has always wanted to have a positive impact on people’s lives. “It makes me feel good to help others. When I lay down at night to go to sleep, I sleep well knowing that I did my best that day.”
Donnie has lived at Arbor Glen for 2 years, and around the same time he moved in, his kidneys began to not function properly. Since his diagnosis, he’s been on dialysis three times a week. In true Donnie fashion, this obstacle did not deter him from his giving ways. “He doesn’t let anything slow him down,” shared Keila Keller, site manager for Arbor Glen. “He’s always positive, enjoys the camaraderie with his neighbors, and really is a light on our property.”
Prior to moving to Arbor Glen, Donnie lived with his mother and was a chef before he retired. “Donnie loves to cook, and he is always inviting people over to eat dinner with him,” Keila explained. “For our resident events, he’s there helping to set up, brings food to the table, and stays after to help clean. He’s such a wonderful person!”
Donnie shared that finding Arbor Glen really made him feel at home. “I love having people close by, it makes it not so lonely. I think that’s why I enjoy helping everyone, I know that there will be a time that I may need something, and I know they’ll be there to help me, too.”
Thank you, Donnie, for all you do to help your neighbors, and for letting us share your story!
City: Chadbourn
State: NC
# of Units: 18
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Raleigh
State: NC
# of Units: 180
Tenancy: Family
Construction: New
City: Roanoke Rapids
State: NC
# of Units: 26
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Washington
State: NC
# of Units: 40
Tenancy: Family
Construction: Acquisition/Rehab
City: Maxton
State: NC
# of Units: 32
Tenancy: Family
Construction: Acquisition/Rehab
City: Hookerton
State: NC
# of Units: 16
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Calabash
State: NC
# of Units: 60
Tenancy: Elderly: 55 and Older
Construction: New
City: Mocksville
State: NC
# of Units: 28
Tenancy: Family
Construction: Acquisition/Rehab
City: Pembroke
State: NC
# of Units: 36
Tenancy: Elderly: 55 and Older
Construction: Rehab
City: Chadbourn
State: NC
# of Units: 24
Tenancy: Family
Construction: Acquisition/Rehab
City: Kannapolis
State: NC
# of Units: 60
Tenancy: Family
Construction: New
City: Pinetops
State: NC
# of Units: 25
Tenancy: Family
Construction: Rehab
City: Morehead City
State: NC
# of Units: 168
Tenancy: Family
Construction: New
City: Elizabethtown
State: NC
# of Units: 24
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Grover
State: NC
# of Units: 24
Tenancy: Family
Construction: Acquisition/Rehab
City: Mooresville
State: NC
# of Units: 59
Tenancy: Family
Construction: Acquisition/Rehab
City: Arden
State: NC
# of Units: 120
Tenancy: Family
Construction: New
City: Reidsville
State: NC
# of Units: 70
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Selma
State: NC
# of Units: 24
Tenancy: Family
Construction: Acquisition/Rehab
City: Morganton
State: NC
# of Units: 48
Tenancy: Family
Construction: Acquisition/Rehab
City: Brevard
State: NC
# of Units: 56
Tenancy: Family
Construction: Acquisition/Rehab
City: Spring Hope
State: NC
# of Units: 25
Tenancy: Family
Construction: Acquisition/Rehab
City: Sanford
State: NC
# of Units: 40
Tenancy: Family
Construction: Acquisition/Rehab
City: Mooresville
State: NC
# of Units: 24
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Shelby
State: NC
# of Units: 32
Tenancy: Family
Construction: Acquisition/Rehab
City: Newland
State: NC
# of Units: 32
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Polkton
State: NC
# of Units: 16
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Wadesboro
State: NC
# of Units: 24
Tenancy: Family
Construction: Acquisition/Rehab
City: Hamlet
State: NC
# of Units: 24
Tenancy: Family
Construction: Acquisition/Rehab
City: Belhaven
State: NC
# of Units: 38
Tenancy: Elderly: 55 and Older
Construction: Rehab
City: Sparta
State: NC
# of Units: 36
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Taylorsville
State: NC
# of Units: 33
Tenancy: Family
Construction: Acquisition/Rehab
City: Fair Bluff
State: NC
# of Units: 17
Tenancy: Family
Construction: Acquisition/Rehab
City: Sylva
State: NC
# of Units: 27
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Wendell
State: NC
# of Units: 84
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Scotland Neck
State: NC
# of Units: 20
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Valdese
State: NC
# of Units: 34
Tenancy: Family
Construction: Acquisition/Rehab
City: Chadbourn
State: NC
# of Units: 38
Tenancy: Family
Construction: Acquisition/Rehab
City: Laurinburg
State: NC
# of Units: 38
Tenancy: Family
Construction: Acquisition/Rehab
City: Winterville
State: NC
# of Units: 32
Tenancy: Family
Construction: Acquisition/Rehab
City: Fairmont
State: NC
# of Units: 32
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Albemarle
State: NC
# of Units: 40
Tenancy: Family
Construction: Acquisition/Rehab
City: Raleigh
State: NC
# of Units: 44
Tenancy: Family
Construction: Acquisition/Rehab
City: Cary
State: NC
# of Units: 50
Tenancy: Family
Construction: Acquisition/Rehab
City: Raleigh
State: NC
# of Units: 32
Tenancy: Family
Construction: Acquisition/Rehab
City: Raleigh
State: NC
# of Units: 120
Tenancy: Family
Construction: Acquisition/Rehab
City: Raleigh
State: NC
# of Units: 48
Tenancy: Family
Construction: Acquisition/Rehab
City: Cary
State: NC
# of Units: 32
Tenancy: Family
Construction: Acquisition/Rehab
City: Raleigh
State: NC
# of Units: 48
Tenancy: Family
Construction: Acquisition/Rehab
City: Richmond
State: VA
# of Units: 83
Tenancy: Elderly: 55 and Older
Construction: New
City: Stuarts Draft
State: VA
# of Units: 50
Tenancy: Family
Construction: New
City: Ripley
State: TN
# of Units: 48
Tenancy: Family
Construction: Acquisition/Rehab
City: Summerville
State: SC
# of Units: 64
Tenancy: Family
Construction: Acquisition/Rehab
City: Blackville
State: SC
# of Units: 24
Tenancy: Family
Construction: Acquisition/Rehab
City: Denmark
State: SC
# of Units: 20
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Lexington
State: SC
# of Units: 78
Tenancy: Family
Construction: New
City: Bruce
State: MS
# of Units: 24
Tenancy: Elderly: 55 and Older
Construction: Acquisition/Rehab
City: Belzoni
State: MS
# of Units: 16
Tenancy: Family
Construction: Acquisition/Rehab
Vickers Parke II is an affordable housing community built in 1980 that underwent extensive renovations for the property's rehabilitation. Comprised of forty units spread across three residential buildings and one community office, Vickers Parke II offers a diverse range of living spaces tailored to households earning 60% or less of the Area Median Income (AMI). To preserve the property, upgrades were made throughout the community including new appliances in all units, enhanced landscaping, and an updated playground. Residents of Vickers Parke II have access to on-site management and a laundry facility; both within the community building, which was also upgraded. Site Manager, Christi Clendenin, stated, "Vickers Parke II Apartments is more than just a place to live—it's a cornerstone of our community, offering a safe and welcoming home to families and individuals who might otherwise struggle to find affordable housing. Nestled close to town, Vickers Parke II ensures that its residents can easily access schools, jobs, and local amenities, helping them to stay connected and supported within the community. This complex is a testament to our shared values of compassion and equity, providing shelter and a safe place where people can build better lives and feel a true sense of belonging. In a world where affordable housing is increasingly hard to find, Vickers Parke II Apartments is a beacon of hope, ensuring that everyone can be a part of our vibrant community."
Comprised of sixty units spread across three, three-story residential buildings and one community hub, Stockton Pointe offers a diverse mix of living spaces tailored to households earning 60% or less of the Area Median Income (AMI). With fifteen units specifically allocated for those earning below 50% AMI, Stockton Pointe is a testament to inclusivity and accessibility in housing. Located on a picturesque 5.0-acre site, Stockton Pointe is positioned to serve the local community's needs. Each unit has modern amenities, from kitchen appliances to walk-in closets, ensuring residents experience comfort and convenience in every aspect of their daily lives. The community building at Stockton Pointe is a focal point for social interaction and supportive services for residents. This property will give local families access to high-quality, affordable housing for many years.
In the heart of Charlotte, North Carolina, is Bingham Park Apartments, a new construction community offering affordable housing to seniors earning up to 30%, 50%, and 60% of the Area Median Household Income (AMHI). The property features 43 one-bedroom units and 17 two-bedroom units that range in size, ensuring that seniors can choose the living space that suits their needs. Bingham Park fosters a true sense of community for residents with numerous amenities, including on-site management, a community room, a computer center, a fitness center, a craft room, a library, laundry facilities, and a covered patio. When asked about their favorite thing about living at Bingham Park, one resident noted: "Lovely neighbors. There is always someone there with a sense and willingness to help. The apartment is lovely and very spacious. Maintenance is always available and there to maintain the property." It is evident that Bingham Park provides a secure, affordable, and vibrant community for everyone.
The adaptive reuse of the former West Virginia University Institute of Technology College of Economic and Business (COBE) building into housing for the elderly promises a new era of revitalization for the city of Montgomery. Now, Cavalier Heights Apartments offers affordable housing and community revitalization while preserving its heritage. With 28 units tailored to seniors aged 55 and older who earn below 40% and 60% of the Area Median Income, it addresses a critical need for housing in Montgomery and its surrounding areas. Cavalier Heights provides amenities such as a classroom, vending area, and community room, fostering engagement among residents. Cavalier Heights symbolizes more than just a housing development; it represents a commitment to the future of Montgomery. Repurposing a historic landmark into a vibrant community hub set a precedent for sustainable revitalization and inclusive growth.
“Move yourself where the puck is going to be and not where it is now.” - Wayne Gretsky, NHL legend
Each fall we prepare budgets and goals, forecast headwinds, and evaluate our presence within the marketplace. We meticulously undertake this drill, only to repeat it one year later. While the exercise is commonplace, it has the risk of overshadowing one’s vision, purpose, and competitive advantage. It’s these latter points – where the puck is going – that allows one to persevere in the face of resistance.
This dynamic is tested everyday within the affordable housing industry. CAHEC and (many of) its peers have operated in this space for nearly 40 years and that duration has created a service/product which is fairly commoditized. While organizations may differ in geography, volume, and offerings, it’s those intrinsic characteristics which are essential to defining ones culture, values, and attraction. Without that vision, it’s simply a game of math, timing, and luck.
CAHEC’s consolidated vision is to be the premier community investment organization in the South. Our core businesses – syndications (equity and debt), property management, general partnerships, and preservation – are driven by our values of integrity, excellence, innovation, and fun. We offer an array of programs which further the objectives of our stakeholders, hedges our revenue, and creates a sustainable organization. While we’re far from perfect, the performance and impact of our businesses have been exemplary. Our targeted growth, exceptional service, and commitment to innovation has been a hallmark of our success.
CAHEC’s forward thinking also includes our voluntary commitment to environmental, social, and governance (ESG). In our recently published Impact Report, CAHEC shared its commitment to aligning with the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and United Nation’s Sustainable Development Goals (UN SDG) standards. We selected these frameworks based on relevance to our business and expressed importance from our stakeholders. While social and governance have long been woven into our values and practices, environmental requires heightened creativity and collaboration with our external partners.
Ones vision – whether short or long term – should be driven by values and culture and not the self fulfilling need for headlines or accolades. It’s only then that one can best appreciate their accomplishments. As shared by Hall of Fame and past UNC Coach Dean Smith, “Never be proud of doing the right thing. Just do the right thing.”
We hope you find this report informative and impactful, and I wish you the best in 2025!
Sincerely,
Dana Boole
President & CEO
