CAHEC Expands Affordable Housing Portfolio with New Louisiana Development

The Community Affordable Housing Equity Corporation (CAHEC) has announced its strategic expansion into Louisiana with the development of Capstone at Cedar Street, a new 40-unit affordable housing community in DeRidder, Beauregard Parish. This Low-Income Housing Tax Credit (LIHTC) development represents CAHEC's first venture into Louisiana and demonstrates the organization's commitment to addressing housing shortages throughout the Southeast region.

Located at Cedar Street in DeRidder, the development is being constructed by The Banyan Foundation, with CAHEC serving as the tax credit syndicator. The project's location was specifically chosen in an area identified as having robust economic potential, making this affordable housing investment particularly strategic for both community development and economic growth. The development will serve families earning up to 60% of the Area Median Income (AMI), providing critical housing options in a region that has experienced limited new affordable housing supply.

Capstone at Cedar Street will feature a diverse mix of one-, two-, and three-bedroom units designed to accommodate various family sizes and needs. Beyond the residential units, the development will include significant community amenities such as open green space, a walking trail, community pavilion, and playground. These features are designed to create not just housing but a comprehensive living environment that promotes community interaction and resident well-being.

Dana Boole, President and CEO of CAHEC, emphasized the strategic nature of this expansion, stating that the organization continues to be prudent and deliberate when furthering its vision and partnerships. The Gulf states region, including Louisiana, represents an area of growing need where CAHEC sees significant opportunity to expand its impact through carefully selected developments like Capstone at Cedar Street.

Construction is expected to commence in the coming months, with the completed development serving as a model for future affordable housing initiatives in Louisiana. The project aligns with CAHEC's broader mission of creating housing and life-changing opportunities for residents throughout its Southeast and Mid-Atlantic footprint. As a community investment organization based in Raleigh, North Carolina, and Columbia, South Carolina, CAHEC specializes in multiple investment areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits.

The expansion into Louisiana through the Capstone at Cedar Street development represents more than just physical growth for CAHEC—it signifies a strategic response to regional housing needs and economic opportunities. For Beauregard Parish residents, this development will provide not only affordable housing but also access to community amenities that enhance quality of life. The project's timing is particularly significant given the increasing demand for affordable housing options throughout the Gulf states region, where economic growth has sometimes outpaced housing development.

This development demonstrates how strategic use of Low-Income Housing Tax Credits can facilitate meaningful community investment while addressing critical housing shortages. The partnership between CAHEC and The Banyan Foundation showcases how experienced organizations can collaborate to create sustainable, high-quality affordable housing that serves both immediate resident needs and long-term community development goals. More information about CAHEC's initiatives and investment strategies is available at https://www.cahec.com.