New apartment community affordable for Greenville seniors
November 22, 2024The groundbreaking ceremony at Southpointe Senior Residences marked an exciting milestone in local efforts to increase and enhance the number of affordable housing options available to Greenville’s senior citizens.
The new apartment community will feature 90 modern, affordable one- and two bedroom units, strategically located just off the bustling Woodruff Road corridor, all reserved for low- and moderate-income renters over age 55. Preleasing on the units is expected to begin in December 2025.
Greenville Housing Fund and Lowcountry Housing Communities collaborated on the project, along with several key partners.
“We are so grateful for our partnerships with the Greenville County Redevelopment Authority and the Greenville Housing Authority, which have made this affordable housing development for our lowest-income seniors a reality,” said Bryan Brown, President and CEO of the Greenville Housing Fund.
Lowcountry Housing Communities is a new developer in the Greenville market, and brings over two decades of experience developing affordable, senior-living communities across South Carolina and Georgia.
Brown also emphasized the crucial role played by SC Housing in providing essential financing for Southpointe Senior Residences through their highly competitive 9% Low-Income Housing Tax Credit (LIHTC) program.
“We are incredibly thankful for the tax credit financing and for all the efforts SC Housing is making to increase affordable housing opportunities in the rapidly growing Upstate,” Brown said.
According to a spokesperson for the dedicated on-site property manager, CAHEC Management Inc., Southpointe Senior Residences has been designed for comfort and connection, and is expected to become a vibrant, welcoming community for seniors. The beautiful three-story residential building features a thoughtful mix of one-bedroom/one-bathroom and two-bedroom/two-bathroom apartments, all set amid lush landscaping and ample parking. Residents will enjoy a lifestyle enhanced by modern finishes and beneficial amenities, including a business center equipped with computers, a flexible and dynamically programmed community room, a well -equipped exercise facility, and off-street parking. It is well-located near a variety of essential services and amenities, with easy access to shopping and a Greenlink Transit connection for residents without a car.
About Greenville Housing Fund
In almost six years since its inception, GHF has invested over $19 million and leveraged $250 million in creating or preserving over 1,550 units of housing in Greenville County, many affordable to households living on as little as 30% of area median income. Learn more at https://greenvillehousingfund.com.