The Town of Franklin Partners with Developer on New LIHTC Community

Westgate Terrace is a new construction LIHTC community located in Franklin, North Carolina, for families earning 60% or less of the area median income.

Westgate Terrace is a new construction LIHTC community located in Franklin, North Carolina, for families earning 60% or less of the area median income.

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

Apt. complex is expected to bring economic boost for Franklin community

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

56-unit Easley housing project gets financing help

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