Community Affordable Housing Equity Corporation
Community Affordable Housing Equity Corporation, known as CAHEC, is a Raleigh, North Carolina-based public charity that supports affordable housing and community development. Founded in 1992, it raises and invests capital in affordable housing and tax-credit projects, and provides community investments and supportive-service initiatives.
Community Affordable Housing Equity Corporation at a glance
In short: Community Affordable Housing Equity Corporation gave $208K across 18 grants in 2024 (avg $12K), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $207,518
- +9.0% vs 2023
- Grants made (2024)
- 18
- +12.5% vs 2023
- Average grant
- $11,529
- -3.1% vs 2023
- Median grant
- $10,000
- Total assets
- $28,274,760
- -5.4% vs 2023
- Primary geography
- North Carolina (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to Community Affordable Housing Equity Corporation
- Contact
Mailing address: 7700 Falls Of Neuse Road 200, Raleigh, NC 27615
Phone: (919) 420-0063
Website: https://cahec.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Community Affordable Housing Equity Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Housing Assistance Corporation ($25K). Together the top 10 received $158K.
Grant Size Distribution
65 grants across all recorded years
The most common grant size was under $50K: 65 grants of 65 (100%).
Geographic Focus
Where this funder awards grants
CAHEC’s stated target market is a 13-state footprint—Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, New York, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia—plus the District of Columbia. In 2024, grant dollars went to recipients in North Carolina (61%), South Carolina (11%), Ohio (11%), Virginia (7%), and Delaware (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
States
Cities
How Community Affordable Housing Equity Corporation gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $50K (2019) to $208K (2024). In 2024 it made 18 grants totaling $208K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Housing Assistance Corporation Hendersonville, NC | Open Doors Homeownership Grant | $25,000 |
| Habitat for Humanity of Durham Inc Durham, NC | Open Doors Homeownership Grant | $25,000 |
| Pine Crossing LLC Hendersonville, NC | Active Lifestyle Grant | $15,000 |
| Fernhill Housing LLC Davidson, NC | Active Lifestyle Grant | $15,000 |
| Oak View At Siler City LLC New Albany, OH | Active Lifestyle Grant | $15,000 |
| New Hope Place LLC Bristol, VA | Active Lifestyle Grant | $15,000 |
| Forest Glen Apartments LLC Charlotte, NC | Active Lifestyle Grant | $14,160 |
| Mark At Woodford SC LLC Charlotte, NC | Active Lifestyle Grant | $13,439 |
| New Fair Oaks Lane Apartments LP Columbia, SC | Active Lifestyle Grant | $10,000 |
| Forest Place Preservation Associates LLC Wilmington, DE | Active Lifestyle Grant | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $28,274,760 | $17,757,204 | $17,030,014 | $207,518 | 18 | $214,425 |
| 2023 | $29,897,037 | $10,248,278 | $14,733,274 | $190,341 | 16 | $24,072 |
| 2022 | $32,501,366 | $13,277,781 | $13,847,624 | $180,900 | 14 | $94 |
| 2021 | $30,228,876 | $11,307,712 | $11,557,173 | $156,088 | 14 | $994,998 |
| 2020 | $30,170,331 | $11,268,243 | $11,188,617 | $50,000 | 3 | $236,959 |
| 2019 | $29,784,870 | $12,166,185 | $11,926,255 | $50,000 | 3 | $155,022 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
CAHEC’s stated mission is to strengthen communities by providing affordable housing and creating opportunities for growth and revitalization through collaborative partnerships, innovative investments, and supportive-service initiatives. Its 2024 filing says its primary mission includes raising capital to finance affordable multifamily rental housing under the federal Low-Income Housing Tax Credit program and making supportive services available.
CAHEC’s website describes partner grants for recreation areas at CAHEC-sponsored Low-Income Housing Tax Credit properties and for wellness rooms at those properties. In 2024, grants also supported homeownership initiatives. The Housing Assistance Corporation, which received $25,000, describes its mission as providing safe, affordable housing for people with limited incomes in Henderson County and surrounding areas. Habitat for Humanity of Durham, which also received $25,000, describes its mission as building, repairing, and selling affordable, sustainable homes in partnership with people in need. Boys Club of Wake County, which received $6,000, describes its mission as helping young people reach their full potential as productive, caring, responsible citizens.
Grantmaking
In 2024, CAHEC reported 18 grants totaling $207,518. Grant amounts ranged from $5,000 to $25,000, with a median of $10,000. The largest listed awards were $25,000 each to The Housing Assistance Corporation and Habitat for Humanity of Durham for Open Doors Homeownership Grants. Other listed grants included awards for recreation and wellness initiatives at affordable housing properties.
CAHEC’s website says eligible properties may apply for a one-time Active Lifestyle Grant of up to $15,000 for a recreation area, or a one-time Rex Williams Wellness Grant of up to $8,500 for commercial-grade fitness equipment in a wellness room. The 2024 filing says grantees must submit a final report with photos within two years of project completion, describing how funds were used, and provide details of one new homeowner as a success story. It also says applicants may not apply two years in a row.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Dana Boole as President and CEO. Listed board officers and members are Anne Conner, Chairman of the Board; Nate Barber, Vice Chair; Margaret Penn, Secretary and Treasurer; Andrew Bowden, John Rucker, Keith Nisbet, Scott Selig, Stephen O’Connor, and William Turner, Board Members.
Community Affordable Housing Equity Corporation is led by Dana Boole, President & CEO on every filing since 2019; 10 of 19 officers listed in 2024 are compensated.
Officers on the 2024 filing
Dana Boole
President & CEO
On filings since 2019
40 hrs/week
$461K (2019) → $705K (2024)
Anne Conner
Chairman of the Board
Board Member → Chairman of the Board, 2023
On filings since 2021
1 hr/week
No compensation reported
Amy Mallory
Manager & Fund Management
Manager Fund Analysis → Manager & Fund Management, 2021
On filings since 2019
40 hrs/week
$129K (2019) → $242K (2024)
Brian Oxford
Manager & Community Capital
Manager Acquisitions & New → Manager & Community Capital, 2022
On filings since 2019
40 hrs/week
$151K (2019) → $243K (2024)
Erin Griffin
Chief Financial Officer
Vice President → Chief Financial Officer, 2024
On filings since 2019
40 hrs/week
$214K (2019) → $343K (2024)
George Baker
Vice President & Cahec Properties Corporate
Manager & Cahec Development → Vice President & Cahec Properties Corporation, 2022
Vice President & Cahec Properties Corporation → Vice President & Cahec Properties Corporate, 2023
On filings since 2019
40 hrs/week
$188K (2019) → $270K (2024)
Marcus Gipner
Manager & Fund Development
Manager Fund Development → Manager & Fund Development, 2022
On filings since 2019
40 hrs/week
$177K (2019) → $264K (2024)
Robert Landis
Senior Vice President
On filings since 2019
40 hrs/week
$228K (2019) → $239K (2024)
Sonya Prear
Vice President
On filings since 2019
40 hrs/week
$175K (2019) → $297K (2024)
William Mayo
Vice President
On filings since 2019
40 hrs/week
$214K (2019) → $314K (2024)
Joseph Erdelyi
Manager & Risk Management
Risk Management Manager → Manager & Risk Management, 2021
On filings since 2020
40 hrs/week
$123K (2020) → $189K (2024)
Andrew Bowden
Board Member
Chairman of the Board → Board Member, 2021
On filings since 2019
1 hr/week
No compensation reported
Keith Nisbet
Board Member
Vice Chairman → Chairman of the Board, 2021
Chairman of the Board → Board Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Nate Barber
Vice Chair
Secretary & Treasurer → Vice Chairman, 2021
Vice Chairman → Vice Chair, 2023
On filings since 2019
1 hr/week
No compensation reported
Margaret Penn
Secretary & Treasurer
Board Member → Secretary & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Scott Selig
Board Member
On filings since 2021
1 hr/week
No compensation reported
John Rucker
Board Member
On filings since 2022
1 hr/week
No compensation reported
William Turner
Board Member
On filings since 2022
1 hr/week
No compensation reported
Stephen O'Connor
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (26)
- Former: Rachel Ryan (2022–2023) — Board Member
- Former: Britni Edwards-Grimes (2019–2022) — Acquisitions Manager
- Former: Katherine Hammer (2019–2022) — Manager & Acquisitions
- Former: Nancy Pearce (2019–2022) — Risk Manager
- Former: Rebecca Dawes (2019–2022) — Manager & Asset Management
- Former: Steven Yeary (2019–2022) — Construction Manager
- Former: Terry Bibleheimer (2019–2022) — Board Member
- Former: Jonathan Cyrus (2020–2022) — Manager & Transitional Asse
- Former: Amy Cross (2021–2022) — Manager & Communications
- Former: Bonnie Gravitte (2021–2022) — Asset Manager
- Former: Brenda Keely (2021–2022) — Manager & Finance
- Former: Irish Farmer (2021–2022) — Asset Manager
- Former: Parisa Ford (2021–2022) — Risk Manager
- Former: Sadie Nott (2021–2022) — Acquisitions Manager
- Former: Kathy McKinley (2022) — Manager & Human Resources
- Former: Andrew Foster (2019–2021) — Secretary & Treasurer
- Former: George Rapp (2019–2021) — Manager & Asset Management
- Former: Kemper Baker (2019–2021) — Board Member
- Former: Jennifer Whiteside (2020–2021) — Board Member
- Former: Ryan Thayer (2020–2021) — Acqusitions Manager
- Former: Brendan Olson (2021) — Fund Manager
- Former: Carol Jackson (2019–2020) — Board Member
- Former: Leigh Ann Smith (2019–2020) — Board Member
- Former: James Chandler (2019) — Board Member
- Former: Mette Pederson (2019) — Business Systems Analyst
- Former: Tucker Bartlett (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $705K, to Dana Boole (President and CEO). 10 officers or directors reported compensation on that filing.
Frequently asked questions about Community Affordable Housing Equity Corporation
How much does Community Affordable Housing Equity Corporation give each year?
Community Affordable Housing Equity Corporation gave $208K across 18 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $190K across 16 grants.
What is Community Affordable Housing Equity Corporation's typical grant size?
Community Affordable Housing Equity Corporation's median grant in 2024 was $10,000, and its average grant was $11,529, across 18 grants on its 2024 IRS Form 990.
Where does Community Affordable Housing Equity Corporation give grants?
Community Affordable Housing Equity Corporation gives mostly in North Carolina: 61% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were South Carolina (11%) and Ohio (11%). The most frequent recipient cities were Hendersonville, NC (2 grants), Charlotte, NC (2 grants), Columbia, SC (2 grants) and Greensboro, NC (2 grants).
Does Community Affordable Housing Equity Corporation give general operating support?
Not in 2024: none of the 18 grants with a stated purpose on Community Affordable Housing Equity Corporation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Active Lifestyle Grant" (12 grants) and "Rex Williams Wellness Grant" (3 grants).
Who are Community Affordable Housing Equity Corporation's largest grantees?
Community Affordable Housing Equity Corporation's largest 2024 grantees include The Housing Assistance Corporation ($25,000), Habitat for Humanity of Durham Inc ($25,000) and Pine Crossing LLC ($15,000), according to its 2024 IRS Form 990. Together they received 31% of its itemized 2024 grant dollars.
How large is Community Affordable Housing Equity Corporation?
Community Affordable Housing Equity Corporation reported $28.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $17.8M.
What does Community Affordable Housing Equity Corporation fund?
CAHEC’s stated mission is to strengthen communities by providing affordable housing and creating opportunities for growth and revitalization through collaborative partnerships, innovative investments, and supportive-service initiatives. See mission & focus areas ↑
How do I apply for a grant from Community Affordable Housing Equity Corporation?
Community Affordable Housing Equity Corporation has no public application process in the sources Grantable reviewed. Check cahec.com for current guidelines, or contact the foundation directly before submitting a request.
What is Community Affordable Housing Equity Corporation's EIN?
Community Affordable Housing Equity Corporation's EIN (Employer Identification Number) is 56-1805915. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 26, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 19, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 20, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Community Affordable Housing Equity Corporation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/community-affordable-housing-equity-corporation-morg_7300c38293a84751a72e029d0eb49b45
BibTeX
@misc{grantable_561805915_2026,
author = {{Grantable}},
title = {{Community Affordable Housing Equity Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/community-affordable-housing-equity-corporation-morg_7300c38293a84751a72e029d0eb49b45},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Community Affordable Housing Equity Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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