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.

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 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…