CAHEC has announced the closing of Northgate Place Apartments, a 56-unit affordable family housing community in Talladega, Alabama, effective July 1, 2026. The acquisition and rehabilitation project aims to preserve long-term affordable housing opportunities for households earning up to 60% of the Area Median Household Income (AMHI). This initiative marks CAHEC's first development partnership with Hollyhand Development, LLC.
Northgate Place, originally built in 2003, consists of seven two-story residential buildings offering one-, two-, and three-bedroom apartments. The rehabilitation will include new roofs, windows, doors, cabinetry, flooring, HVAC systems, and appliances. Additional enhancements will upgrade the community building, playground equipment, covered pavilion, and outdoor gathering spaces. These improvements aim to extend the property's life while increasing resident comfort and energy efficiency.
According to Sarah Hale, Acquisitions Manager at CAHEC, "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 significant housing need in the area, where comparable affordable communities maintain full occupancy and waiting lists, highlighting the importance of preserving existing housing resources.
CAHEC is a community investment organization based in Raleigh, NC, and Columbia, SC, that invests in low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. The organization also provides loan programs, wellness and education initiatives, affordable housing development, and property management services. For more information, visit CAHEC's website.
The preservation of Northgate Place is critical for housing stability in Talladega County, where demand for affordable housing continues to rise. By rehabilitating existing units, CAHEC and its partners are strengthening the community's long-term vitality and ensuring that working families have access to safe, affordable homes.
