What Cahec Properties Corporation does

CAHEC Properties Corporation (CPC) is a nonprofit corporation headquartered in Raleigh, North Carolina that preserves, owns, and acquires affordable multifamily housing properties across five southeastern states (Georgia, North Carolina, South Carolina, Tennessee, and Virginia). The entity was formed in 2020 when CAHEC, a nonprofit LIHTC syndicator, acquired WWJ, LLC and Boyd Management, Inc. (BMI), with the development and ownership operations rebranded as CPC. The organization's roots extend to 1958 through Darnall W. Boyd's original real estate firm and to 1978, when it began developing affordable apartments under what is now USDA Rural Development.

CPC's core activities are organized around four service modules: Acquisitions (sourcing existing housing in need of rehabilitation and recapitalization), Asset Management (monitoring physical condition, occupancy, financial performance, and compliance across the portfolio), Transaction Management (evaluating project and financial feasibility for rehabilitation or purchase), and Preservation (rehabilitating and acquiring affordable housing using funding from agency and community partners). The company operates one of the largest USDA Rural Development multifamily portfolios in the United States, comprising 233 properties and approximately 8,619 units, of which roughly 7,080 receive RD Rental Assistance under RD 515 and RD 538 programs.

CPC makes money primarily through rental income from its owned affordable housing portfolio, supplemented by management and oversight fees on affiliated partnerships. Revenue is effectively constrained by USDA RD and LIHTC rent and income restrictions, and the organization is structurally dependent on continued federal rental assistance and tax credit allocation. The company uses a contact-form-driven, enterprise field-sales approach targeting property owners, government agencies, and community partners, and has no disclosed proprietary technology, digital platform, or AI capability. CPC is governed by a board with representation from construction, finance, and public-sector backgrounds, with day-to-day operations led by a small team with combined industry tenure of over 100 years.

Name

Cahec Properties Corporation

Legal name

CAHEC Properties Corporation

Website

https://cahecproperties.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

CAHEC Properties Corporation is a nonprofit that preserves, owns, and acquires affordable multifamily housing across five southeastern U.S. states, operating one of the largest USDA Rural Development portfolios in the United States with 233 properties and over 8,600 units.

Ownership category

akta.pro rank

Headquarters

HQ city

Columbia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Property Management and Asset Management Services: Fees from managing and monitoring the physical condition, occupancy, financial performance, and compliance of properties in portfolio. Services include transaction management, evaluating project and financial feasibility for rehabilitation and/or purchase.
2. Affordable Housing Development and Preservation: Revenue from acquisition and substantial rehabilitation of existing affordable housing properties. Works with agency and community partners to secure funding for preservation and improvement of properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

CAHEC Properties Corporation (CPC) is a nonprofit corporation that preserves, owns, and manages a portfolio of affordable multifamily rental housing, primarily financed through the USDA Rural Development (RD) program and Low-Income Housing Tax Credit (LIHTC) transactions. The company supports affordable rental homes for low-income residents in rural communities across five southeastern states (Georgia, North Carolina, South Carolina, Tennessee, and Virginia), and also performs acquisitions, asset management, transaction management, and preservation services for partner-owned properties.

Product overview

Cahec Properties Corporation is a non-profit affordable housing company that operates as a property management and real estate development organization rather than a traditional software product company. The company offers four core service modules: Acquisitions (seeking opportunities for community economic growth through acquisition of existing housing), Asset Management (monitoring physical condition, occupancy, financial performance, and compliance), Transaction Management (evaluating project and financial feasibility), and Preservation (rehabilitating and acquiring affordable housing properties). The company's portfolio includes over 200 residential properties across five states, with featured properties including Fair Oaks Lane Apartments, Canterfield Manor, Blackville Gardens, West End Manor Apartments, Pembrook Apartments, Hilltop Apartments, and Edisto Apartments. Services are accessible through contact forms for inquiries about acquisitions, asset management, transaction management, and preservation.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 8,619 affordable housing units preserved across Southeast United States
• +1 more outcomes

Named customers2 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and major.

• CAHECcoreStrategic or Co-development Partner · 1 January 2020CAHEC, a nonprofit LIHTC syndicator based in Raleigh, North Carolina, acquired WWJ and BMI (including the development and ownership side CAHEC Properties Corporation) in 2020. CAHEC provides syndication services and support for low-income housing tax credit transactions.
• Greystone Affordable HousingcoreStrategic or Co-development Partner · 1 January 2005In 2005, WWJ, LLC (development arm of BMI) joined with Greystone Affordable Housing out of Raleigh, North Carolina to assemble one of the first transactions in the country utilizing 4% LIHTC combined with Tax Exempt Bonds to renovate a portfolio of 21 properties in South Carolina. Successfully completed 7 portfolio rehabilitations of properties in 3 states.
• USDA Rural DevelopmentcoreOthersCAHEC Properties Corporation maintains one of the largest USDA Rural Development portfolios in the United States. Of the 8,619 units in the portfolio, 7,080 receive Rental Assistance through RD. Properties operate under RD 515 and RD 538 programs.
• Agency and Community PartnersmajorOthersWorking with agency and community partners to secure funding to preserve and improve affordable housing throughout the company's footprint. Partners provide funding for rehabilitation and acquisition of affordable housing properties.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Mercy Housing: Large nonprofit affordable housing owner and developer operating in40+ states with a portfolio of more than 50,000 units. Directly comparable as a nonprofit LIHTC-heavy multifamily owner that combines property management with deep acquisition and rehabilitation activity.
• National Housing Trust: Nonprofit focused on preserving and operating affordable multifamily housing using LIHTC and project-based subsidies. Closely comparable to CPC in scale, nonprofit ownership model, and reliance on federal affordable housing programs.
• Volunteers of America National Services: Nonprofit operator of multifamily affordable and supportive housing for low-income families, seniors, and disabled individuals using LIHTC and project-based subsidies. Comparable nonprofit ownership model and reliance on federal affordable housing programs.
• Hunt Capital Partners: Major LIHTC syndicator and investor in affordable multifamily developments. Comparable to CPC's parent CAHEC in the LIHTC equity stack and in financing the kind of preservation and rehabilitation deals CPC executes.
• Preservation of Affordable Housing (POAH): National nonprofit that acquires, rehabilitates, and preserves affordable multifamily rental housing using LIHTC and government programs. Highly comparable in mission, LIHTC-driven ownership model, and focus on preservation rather than ground-up development.
• Boston Financial Investment Management: One of the largest LIHTC syndicators and asset managers in the U.S., with significant affordable multifamily exposure. Comparable to CPC and its parent in LIHTC-driven preservation and ownership activity.
• NRP Group: Private developer, owner, and manager of multifamily housing with a substantial affordable and workforce housing portfolio using LIHTC. Comparable to CPC in acquisition-led growth and LIHTC-heavy multifamily ownership.
• Dominium: Private owner and operator of affordable multifamily apartments with more than 30,000 units across20+ states. Comparable to CPC in LIHTC-driven multifamily ownership, regional concentration in the Southeast, and acquisition-led growth.

Broad incumbents

• Enterprise Community Partners: National nonprofit that develops, owns, and finances affordable and mixed-income housing through LIHTC syndications and community development programs. Broader scope than CPC but highly comparable in affordable housing ownership and LIHTC activity.
• The Related Companies: Large diversified real estate firm with an affordable housing division that owns thousands of subsidized and LIHTC units nationally. Comparable in affordable multifamily ownership and LIHTC deployment, but with a broader luxury and commercial real estate portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cahec-properties-corporation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cahec Properties Corporation