Southeast Capital
Southeast Capital, rooted in Knoxville, TN, is a family-run venture committed to enhancing communities by providing safe, healthy homes. We take pride in our local developments and extend our passion for creating meaningful living spaces across the Southeast. At our core, we're about building more than just houses; we're about fostering safe, welcoming communities where everyone can thrive.
THDA Tax Credits make developing affordable housing a reality
“I think people have a lot of preconceived notions about affordable housing, but it’s for the people who work in the communities you live in,” Varner said. “I think a lot of people have a misconception about what affordable housing is, they think it’s the old public housing model. I could show you 10 apartment complexes in Knoxville that you wouldn’t be able to tell which ones are affordable and market rate. Being able to help people move into these high quality and safe affordable units is a really rewarding part of this.”
What is affordable housing?
HUD defines affordable housing as housing in which the occupant is paying no more than 30 percent of gross income for housing costs, including utilities.
What role does Southeast Capital play in affordable housing?
Southeast Capital is a developer of affordable housing apartments. We build housing units using Low Income Housing Tax Credits to ensure they are affordable for low- to moderate-income families.
Who manages the affordable housing properties developed by Southeast Capital?
The affordable housing properties built by Southeast Capital are managed by Emerald Housing Management, a company specializing in managing affordable senior and family housing communities in Tennessee and Georgia.