The Town of Franklin, North Carolina, knows how important it is to provide residents with safe, affordable housing. In the last ten years, the town has seen significant population gains, and has recently experienced growth in the health care, local government, and retail sectors, including the completion of a Walmart Regional Supercenter. As the Franklin workforce continues to grow, so does the demand for affordable housing. With all of the local LIHTC properties operating on a waiting list, it became clear that the town was in need of another option. Recognizing this growing issue, The Town of Franklin teamed up with The Flatiron Group, Inc., to develop the town’s first new LIHTC community in over a decade. Continue reading
Work on a 60-unit affordable housing complex in Franklin is set to begin in January and town officials anticipate the project will benefit multiple areas of the community. The Westgate Terrace Affordable Housing Complex, which will be constructed on 4.4 acres behind the Westgate Plaza Ingles on Roller Mill Road, is in the final stages of the planning process and is projected to be completed by fall of 2013. Continue reading
A 60-unit affordable housing complex has been proposed in Franklin, but will depend on securing competitive state tax credits for low-income housing to come to fruition. The project has been proposed by Fitch Development, a group out of Charlotte that specializes in low-income housing projects throughout the state. Continue reading
An affordable housing project in Easley has received a $404,000 grant from the Federal Home Loan Bank of Atlanta that will help finance the project, the developer said.
Construction on the Pope Field Terrace project on Pearson Road near the Pope Field Road intersection is expected to begin by the end of the year and be completed in November, said Hollis Fitch, owner of Flat Iron Group, the project developer. Continue reading
— CUMBERLAND — Construction on Klot’s Mill on 917 Gay St. is moving along at a steady pace, and the job superintendent of Rehab Builders of North Carolina was able to conduct a walk-through for city officials Tuesday. Continue reading
BREVARD — The $8.3 million Broad River Terrace, a new apartment complex under construction in Transylvania County, officially has a new address. Continue reading
BREVARD — Transylvania County residents looking for a place to rent will soon have a new apartment complex to consider, Broad River Terrace.
The $8.3 million project is located on Old Hendersonville Highway between Osborne and Neely roads in Brevard. Continue reading