KNOXVILLE, Tenn. — Knoxville leaders cut the ribbon Tuesday on dozens of new affordable housing units — the Central Terrace apartments. The city said it contributed more than $2 million to community in the Inskip Neighborhood. The money for the project came from the Affordable Rental Development Fund.

KNOXVILLE, Tenn. (WATE) — A new apartment complex is opening in Knoxville, promising 112 new affordable housing units.

Davie Construction Co. built Central Terrace Apartments, a project of Southeast Capital, a Knoxville-based developer specializing in affordable housing. The City of Knoxville provided $2,065,000 from its Affordable Rental Development Fund to help develop the property.

“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 this high quality and safe affordable units is really a rewarding part of this.”

CLEARWATER, Fla., Oct. 3, 2023 /PRNewswire-PRWeb/ -- Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the grand opening of a new-construction 4% bond deal for an affordable housing project in Knoxville, Tennessee.

KNOXVILLE, Tenn. — Mayor of Knoxville, Indya Kincannon, says affordable housing is a top priority for her administration. This is why affordable housing development is happening throughout the city.

KNOXVILLE, Tenn. (WATE) — A new apartment complex is opening in Knoxville, promising 66 new affordable housing units for the city. This apartment comes as a poll found that 48% of Knoxville voters named increasing affordable housing in Knoxville as a top priority.

Last week, officials broke ground for Liberty Place, a $15-million affordable apartment community that will house 32 formerly homeless military veterans.

On Sept. 7, 2023, Inskip Flats, a $17 million complex with 66 affordable units, will officially open.

These are just the two latest public-private collaborative investments that are adding, in a big way, new affordable housing in Knoxville.

KNOXVILLE, Tenn. (WATE) — A new apartment complex is opening in Knoxville promising affordable housing for the city.

The Ammons at Asheville Highway was built by Southeast Capital in partnership with developer Carl Lansden. The city of Knoxville provided $2 million dollars for construction to developers from its Affordable Rental Development Fund.

KNOXVILLE, Tenn. — The city of Knoxville will discuss an option for affordable rental housing relief in Tuesday's City Council meeting.

The council will be considering funding two housing projects. These projects will be located in North and West Knoxville and would be for low-income households.

Developers Central Terrace, LLC will handle the housing project located at 4502 Fennel Road. Here, 112 affordable rental units are expected to be planned.

CLEARWATER, FL, January 04, 2022 — Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the closing of financing for a new-construction affordable housing project in Knoxville, Tennessee. The apartment community will consist of 66 units catering to family tenancy. The improvements will be constructed utilizing Federal Low-Income Housing Tax Credit Equity and conventional loan financing.

JUNE 21, 2022—Since last fall, Knoxville leaders have been working to bring affordable housing to Inskip. However, many people who live in the area say it will only bring more traffic. Other people say the more affordable housing, the better.

Two other projects are under construction in the area. One project is on Inskip Road and another is on Elder Road, creating more than 60 homes for the community.

With the closing of its three latest low-income housing tax credit (LIHTC) funds, WNC will look to support the construction or renovation of more than 2,300 affordable housing units in several states in the U.S.

The three funds raised a total of approximately $255 million in equity, which will be used for affordable housing projects in Alaska, Arkansas, California, Georgia, Maine, North Carolina, North Dakota, New Hampshire, Oregon, South Carolina, Tennessee, Texas and Washington…

November 17th, 2021— City leaders gathered in East Knoxville to celebrate the opening of a new affordable housing complex meant to provide homes for families who may not have the chance to live in many other places.

Knoxville Mayor Indya Kincannon was there to cut the ribbon and welcome people into the Burlington Commons. It features two, three-story buildings comprised of 49 units with a laundry room, a community room, a business center, a fitness center and space to store bicycles, according to plans for the complex…

November 9th, 2021—Growing up, Carl Lansden often passed the Holiday Inn on Asheville Highway on the way to see his grandparents just a mile down the road.

When family visited from out of town, they often stayed at the now dilapidated motel. It was always an opportunity for Lansden to swim in the motel's pool…

December 2020—The construction on Holston Drive, behind Kroger’s, will be Burlington Commons at 4530 Holston Drive planned to be ready for occupants in the fall of 2021. It is income-based affordable housing with two, three-story buildings with a total of 50 units…

September 17th, 2020—Knoxville Mayor Indya Kincannon joined other officials to ceremonially break ground on an affordable housing complex in East Knoxville.

The new development will create 50 new apartments in the area…

September 17th, 2020—Today, Mayor Indya Kincannon and 6th District City Councilwoman Gwen McKenzie joined Jake Varner and David Varner of Southeast Capital Group…