CAHEC Capital, Inc. is a nonprofit that serves as the financing affiliate of CAHEC by providing flexible and affordable loan products to Low Income Housing Tax Credit (LIHTC) developers. CAHEC Capital, Inc. began lending operations in December 2015. Loans were previously offered by CAHEC in a similar form until the program was formalized with the incorporation of CAHEC Capital, Inc. Since 1999, CAHEC and CAHEC Capital have originated $87 million in loans that have supported the development of approximately 99 affordable housing communities.

Annual Lending Volume

Cummulative Lending Volume

CAHEC Capital is a member of the Opportunity Finance Network (OFN). OFN is the largest national association of CDFIs with membership in all 50 states. There are nearly 1,100 certified CDFIs in the U.S. with approximately 300 current OFN members.

In the past 12 months, lending products have helped finance the construction of 912 LIHTC units across six states (FL, NC, SC, TN, VA, and WV) whose total development costs exceeded $126 million. Upon completion, these 912 units will serve as homes for an estimated 2,451 low-income residents earning on average at or below 60% of Area Median Income.

 

Annual Lending Volume

Cummulative Lending Volume

CAHEC Capital is a member of the Opportunity Finance Network (OFN). OFN is the largest national association of CDFIs with membership in all 50 states. There are nearly 1,100 certified CDFIs in the U.S. with approximately 300 current OFN members.

In the past 12 months, lending products have helped finance the construction of 912 LIHTC units across six states (FL, NC, SC, TN, VA, and WV) whose total development costs exceeded $126 million. Upon completion, these 912 units will serve as homes for an estimated 2,451 low-income residents earning on average at or below 60% of Area Median Income.

 

Predevelopment Loans

Up to $100k and geared specifically toward nonprofit developers

Carryover Loans

Up to $750k to support predevelopment costs with a maximum term of 12 months

Bridge Loans

Loan size is determined based on project underwriting with a maximum term of 24 months

Predevelopment Loans

Up to $100k and geared specifically toward nonprofit developers

Carryover Loans

Up to $750k to support predevelopment costs with a maximum term of 12 months

Bridge Loans

Loan size is determined based on project underwriting with a maximum term of 24 months

Our Lending Footprint

CAHEC Capital currently offers financing to LIHTC developments that have an executed equity commitment with a CAHEC-syndicated fund. Our lending target market includes the 11 states of Alabama, Florida, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia plus the District of Columbia.

 

Our Lending Footprint

CAHEC Capital currently offers financing to LIHTC developments that have an executed equity commitment with a CAHEC-syndicated fund. Our lending target market includes the 11 states of Alabama, Florida, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia plus the District of Columbia.