THDA Tax Credits make developing affordable housing a reality

Jake Varner and his father, David – owners of the development firm Southeast Capital TN – saw the growing need for more affordable housing in Knoxville.

The pair previously developed multi-family at market rate in the area, but after talking with city leaders about Knoxville’s housing needs they decided to develop more affordable units in the city.

“We both really enjoy the development side and we had some conversations with various people in the city about what a great need there was in Knoxville for affordable housing,” Jake Varner said. “We felt this could be a new avenue for us to go down. It was a more complex process to develop, but we really liked it.”