The Greenville Fund’s Bryan Brown was quoted at length this week in a Greenville Journal story on affordable housing inside city limits.
From the article:
“Brown highlighted initiatives the fund has undertaken in collaboration with the city and other community partners to promote equitable housing options, including the direct investment of $15.5 million on funding and land for projects adjacent to or near Unity Park.
Among those projects are:
- Southernside Senior I — The project plans to bring 93 units of senior housing in two buildings and intended for residents in the 50%-60% range of area median income (AMI). The project will be bounded by West Washington, South Hudson and Oscar streets; ground-breaking is expected in 2023.
- Southernside Senior II — This development aims to deliver 54 units in one building and is intended for residents at 50%-60% AMI. Located on West Washington Street and expected in 2023.
- Oscar Apartments — This will provide 52 apartments targeting residents in the 50%-100% AMI range, with 39 units dedicated to affordable housing. Bounded by Oscar, Meadows and Nassau streets and expected to break ground in 2023.
- Lighthouse Unity — This involves 252 units with 189 dedicated to affordable in the range of 50%-100% AMI. Project start date not specified.
Brown said with these projects near Unity Park, the goal is to provide housing for up to 1,000 residents. GHF’s direct investment of $7.5 million is expected to leverage a total investment for the projects of $126 million in a public-private collaboration with private developers.
Future projects and initiatives, including land-banking efforts, are expected to serve an even wider range of housing needs and promote the building of generational wealth through homeownership, Brown said.”