CAHEC Properties Corporation
CAHEC Properties Corporation is a nonprofit subsidiary of CAHEC dedicated to expanding access to high-quality, affordable housing across the Southeast. Through the development, ownership, and stewardship of more than 230 residential communities in five states, the organization plays a vital role in strengthening neighborhoods, supporting economic stability, and improving the quality of life for thousands of residents. As the general partner of these properties, CAHEC Properties Corporation combines long-term vision with responsible management while actively pursuing new opportunities to extend its impact and meet the growing demand for affordable housing.
By the Numbers
Total Properties
Total Units
GA Properties
NC Properties
SC Properties
TN Properties
VA Properties
A Milestone for Affordable Housing:
CAHEC Properties Corporation Closes
CPC Georgia II Preservation Portfolio
Housing Need Met Across Georgia:
The successful closing of the CPC Georgia II Preservation Portfolio represents a meaningful investment in both affordable housing and the rural communities that depend on it. Through this acquisition and rehabilitation effort, the portfolio will preserve and enhance 410 affordable apartment homes serving family and senior households earning up to 60 percent of the area median income. Notably, 88 percent of the units are supported by rental assistance from USDA Rural Development, ensuring long-term affordability and housing stability for residents most in need.
Beyond the homes themselves, the CPC Georgia II Preservation Portfolio delivers significant community-level impact. By bundling 13 properties across 12 towns into a single transaction, CPC created a unique financing structure that made critical reinvestment possible for smaller developments that would not have been able to absorb the cost of a bond transaction on their own. This innovative approach allows properties to share bond costs, accelerating much-needed rehabilitation work that would otherwise have taken years to complete through standalone 9% transactions.
As a result, 410 households and 12 Georgia communities will benefit from improved housing quality, preserved affordability, and renewed local investment. The closing of the CPC Georgia II Preservation Portfolio not only safeguards a limited supply of affordable homes across the state but also reinforces CPC’s commitment to creative solutions that deliver lasting impact, strengthening neighborhoods, supporting rural economies, and ensuring safe, stable housing for years to come.
In addition to closing the Georgia portfolio, CAHEC Properties Corporation sold Chestnut Lane Apartments located in Newnam, GA, on April 10, 2025. This sale was an important milestone for the company in 2025 because the proceeds allowed for CPC to strengthen its capital base and meet the liquidity requirements for closing the Georgia portfolio. The sale puts CPC in a stronger financial position for future growth while also allowing it to maintain its current real estate-owned portfolio.
