FAQ: CAHEC's Expansion into Louisiana with Capstone at Cedar Street Affordable Housing Community

What is CAHEC announcing in this press release?

CAHEC is announcing its expansion into Louisiana through the development of a new Low-Income Housing Tax Credit (LIHTC) community called Capstone at Cedar Street in DeRidder, Beauregard Parish.

Where exactly is this new affordable housing community located?

The Capstone at Cedar Street development is located at Cedar Street in DeRidder, which is in Beauregard Parish, Louisiana.

How many housing units will be available and who qualifies for them?

The community will have 40 units available for families earning up to 60% of the Area Median Income (AMI).

What organizations are involved in developing this community?

The Banyan Foundation is the developer of the project, while CAHEC serves as the syndicator for the Low-Income Housing Tax Credit development.

What types of units and amenities will the community feature?

The development will feature a mix of one-, two- and three-bedroom units with amenities including open green space, a walking trail, community pavilion, and playground.

When is construction expected to begin on this project?

Construction is anticipated to start in the coming months, though no specific start date is provided in the announcement.

Why is this development significant for the local community?

This development will deliver meaningful housing options in a region that has lacked a new affordable housing supply, addressing growing housing needs in the area.

What is CAHEC’s role and mission as an organization?

CAHEC is a community investment organization based in Raleigh, NC and Columbia, SC that offers housing and life-changing opportunities to residents throughout the Southeast and Mid-Atlantic through various tax credit investments and housing programs.

Where can I learn more about CAHEC and their work?

You can learn more by visiting CAHEC’s website.