New apartment complex to add more 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.
WNC Closes on 3 LIHTC Funds Totaling $255M
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…
New affordable housing opens in East Knoxville with ribbon-cutting ceremony
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…
Asheville Highway affordable apartments will reinvent dilapidated hotel property
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…
Affordable Housing Complex Under Construction in East Knoxville
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…
Affordable housing complex bringing 50 apartments to East Knoxville
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…
Affordable Housing Partners Break Ground at Burlington Commons
September 17th, 2020—Today, Mayor Indya Kincannon and 6th District City Councilwoman Gwen McKenzie joined Jake Varner and David Varner of Southeast Capital Group…