Greenville Housing Fund has acquired Harmony Ridge Apartments, a 40-unit senior-citizen apartment community in Travelers Rest.
We will invest $3 million to extend expiring income limits that reserve the community’s one-bedroom/one-bath and two-bedroom/two-bath apartments for the low-income elderly population, the nonprofit said in a press release.
Greenville Housing Fund has also started a capital expenditure program to install environmentally efficient:
- Hot water heaters
- HVAC units
We are a nonprofit organization focused on affordable housing throughout Greenville’s neighborhoods and operates through lending, investing, advocacy and land banking. The organization works with community stakeholders, developers and municipalities and has worked to create more than 400 units of affordable housing within the past four years.
“The preservation of Harmony Ridge as affordable housing for seniors was really made possible through the close partnership and generous support provided by Greenville County, Greenville County Redevelopment Authority and the city of Travelers Rest,” said Bryan Brown. “This collaboration allows us not only to acquire this important property, but also to make much needed improvements to the building, and upgrades in management and services to the residents.”
Read more at the Upstate Business Journal.