We had a wonderful week!
Bryan Brown spoke to Greenville City Council members Monday about LIHTC and how it is a major part of creating more affordable housing in our community. On top of that, we got to announce three LIHTC funded projects right here in Greenville.
Southernside Senior Living, a $32 million affordable housing development near Unity Park, was awarded a 9% federal low-income housing tax credit. The Greenville Housing Fund is partnering with Harmony Housing Affordable Development to develop the project.
Construction is set to begin in 2025. The development will consist of 147 rental units for seniors earning 20% to 60% of the area median income. Phase one will include 93 units. Fifty-five project-based vouchers will be available for households earning below 30% AMI.
The Alliance, a $38 million mixed-use development in Greenville, received both a federal and state low-income housing tax credit. The project is being developed by NHE, a Greenville-based property management company.
Located at the corner of Laurens and Ackley roads, the project will consist of two, four-story buildings with 100 affordable units, serving households earning below 60% of the AMI. Taylor Davis, president of NHE, said construction is hoped to begin in the second quarter of 2025 and take around 20 months to complete.
The final project in Greenville to receive a 9% federal low-income housing tax credit was the Greenville Summit, an existing affordable housing building for seniors in downtown Greenville. The property owner, JE Properties, plans to complete a rehabilitation project for the 100-year-old building.
The project will include renovating the residential units, replacing old pipes, upgrading the building’s facade, installing a new elevator and more. Joseph Eddy, president of JE Properties, said renovations should be underway by May.
This story generated a lot of media coverage for affordable housing in our community. There were stories in the Greenville News, Fox Carolina, Post and Courier, the Greenville Journal, WSPA and WYFF.
