CAHEC Partners to Preserve 56 Affordable Housing Units in Talladega, Alabama

CAHEC, a community investment organization based in Raleigh, NC, and Columbia, SC, announced the closing of Northgate Place Apartments, a 56-unit affordable family housing community in Talladega, Alabama. The acquisition and rehabilitation project closed on July 1, 2026, and aims to preserve long-term affordable housing opportunities for families in Talladega County.

Northgate Place, originally built in 2003, consists of seven two-story residential buildings offering one-, two-, and three-bedroom apartment homes. These units are reserved for households earning up to 60% of the Area Median Household Income (AMHI). The property will undergo extensive renovations, including new roofs, windows, doors, cabinetry, flooring, HVAC systems, and appliances. Additional upgrades will enhance the community building, playground equipment, covered pavilion, and outdoor gathering spaces.

This project marks CAHEC's first development partnership with Hollyhand Development, LLC. Sarah Hale, Acquisitions Manager at CAHEC, stated, 'CAHEC is excited to announce its first development partnership with Hollyhand Development, LLC to preserve 56 affordable family housing units at Northgate Place Apartments in Talladega, AL. Originally built in 2003, the property will undergo a substantial rehabilitation, including upgrades to apartment interiors, building systems, accessibility features, and community amenities, ensuring it remains a vital housing resource for working families in Talladega County.'

The project addresses a critical housing need in Talladega County, where demand for affordable housing has been rising. Comparable affordable communities in the area maintain full occupancy and waiting lists, underscoring the importance of preserving existing housing resources. The rehabilitation will extend the property's life, improve resident comfort, and enhance energy efficiency. Through this investment, CAHEC and its partners are strengthening housing stability and supporting the long-term vitality of the Talladega community.

CAHEC is a community investment organization offering housing and life-changing opportunities throughout the Southeast and Mid-Atlantic. Its product areas include investing in low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. CAHEC also provides loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. For more information, visit CAHEC's website.