CAHEC Capital, Inc.
CAHEC Capital, Inc. is a nonprofit certified Community Development Financial Institution (CDFI) loan fund. Since 2015, CAHEC Capital has provided over $94 million in loans, contributing to the development or preservation of 62 affordable housing communities. The organization fosters healthy, empowered, and sustainable housing solutions for low- and moderate-income individuals and families by offering flexible predevelopment and bridge financing to developers of Low Income Housing Tax Credit (LIHTC) projects.
Over the past 12 months, our loans have supported the development or preservation of 248 LIHTC units in South Carolina and Virginia, with total development costs surpassing $78 million. Once completed, these units will provide housing for approximately 771 low-income residents, whose average earnings are at or below 60% of the Area Median Income (AMI).
2025 Lending Volume
Details of each project can be found below:
The Franklin
is a planned 68-unit new construction community in Anderson, SC, that will expand access to high-quality, affordable housing for working families. Designed as a general occupancy LIHTC development, the project will serve households earning between 20% and 60% of AMI, helping stabilize families, support local workforce needs, and contribute to the long-term vitality of the surrounding neighborhood.
Jersey Park Apartments
involves the acquisition and substantial rehabilitation of an existing 80-unit LIHTC community in Smithfield, VA, preserving critically needed affordable housing while improving living conditions for residents. Targeting general occupancy households earning 30% to 60% of AMI, and supported by project-based rental assistance in all units, the development will ensure long-term affordability, housing stability, and continued community investment for vulnerable residents.
Lily Gardens
is a planned new construction development that will deliver 50 units of affordable housing for families in Staunton, VA. Serving households earning up to 30%, 50%, 60%, and 80% of AMI, the community will address a range of local housing needs, promote economic diversity, and provide safe, stable homes that strengthen families and support the broader Staunton community.
Our Lending Footprint
CAHEC Capital currently offers financing to LIHTC developments. Our lending market includes the 12 states of Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia plus the District of Columbia.
In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity, 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email crcomplaints@treasury.gov (email).
De acuerdo a lo establecido por las leyes federales y las políticas del Departamento del Tesoro esta organización no puede discriminar por causa de raza, color, origen nacional, sexo, edad, o porque una persona tiene impedimentos. Para presentar una queja sobre discriminación, escriba a: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; o envíe un correo electrónico a: crcomplaints@treasury.gov.
