New apartment complex aims to help ease Knoxville’s housing crisis

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.

Inskip Flats was built by Southeast Capital, and Knoxville provided $1,980,000 for construction to developers from its Affordable Rental Development Fund. The property will be leased by Emerald Housing Management.

“Knoxville has seen a tremendous amount of growth lately and with that, we’ve seen some huge increases in housing and rental prices. Our hope with units like this is to help alleviate some of that crunch people are seeing on rental prices,” said Southeast Capital CEO, Jake Varner.