CAHEC Expands to Louisiana with New 40-Unit Affordable Housing Community

CAHEC, a prominent community investment organization based in Raleigh, NC, and Columbia, SC, is making a strategic expansion into Louisiana with the development of Capstone at Cedar Street, a new 40-unit Low-Income Housing Tax Credit (LIHTC) community in Beauregard Parish. The development, located in DeRidder, represents CAHEC's first foray into Louisiana and is being developed by The Banyan Foundation, with CAHEC serving as the syndicator. This carefully selected location in a region of robust economic potential underscores the organization's commitment to creating high-quality, affordable housing solutions throughout the Southeast. The project marks a significant milestone in CAHEC's growth strategy, particularly in the Gulf states where housing needs continue to escalate.

The Capstone at Cedar Street development will feature a thoughtful mix of one-, two-, and three-bedroom units designed to serve families earning up to 60% of the Area Median Income (AMI). Beyond the residential units, the community will offer substantial amenities including open green space, a walking trail, community pavilion, and playground, creating a comprehensive living environment rather than just housing. Construction is expected to commence in the coming months, with the completed development addressing a critical gap in new affordable housing supply in the region. Dana Boole, President & CEO of CAHEC, emphasized the organization's deliberate approach to expansion, noting that the need throughout the Gulf region is "ever growing" and expressing excitement about expanding their impact through this strategic partnership.

As a multifaceted community investment organization, CAHEC's product areas extend beyond LIHTC investments to include historic tax credits, new markets tax credits, renewable energy credits, loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. This comprehensive approach ensures that developments like Capstone at Cedar Street provide not just housing but life-changing opportunities for residents. Those interested in learning more about CAHEC's broader mission and additional initiatives can visit CAHEC's website to understand the full scope of their community investment work across the Southeast and Mid-Atlantic regions.