Knoxville leaders cut ribbon on new affordable housing development

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.

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Knoxville leaders cut ribbon on new affordable housing community, the Central Terrace apartments

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THDA Tax Credits make developing affordable housing a reality