Current Activities
Buchanan’s Crossing Subdivision
A 40-unit duplex development serving families in Kansas City, Kansas. The total cost of this three-phase project is $11.0 million. This mixed income project, targeting families between 50% and 120% of area median income, is financed with a mixture of conventional debt, conventional equity, and tax credit equity. Construction commenced in 2016. Phase 1 and 2 are complete. Construction of Phase 3 is planned for late 2023.
Davidson’s Landing
A 115-unit garden apartment community serving families in Kansas City, Kansas. The cost of this project was $26 million. This workforce housing development project, which targets families between 30% and 80% of area median income, was financed with tax-exempt bonds. Construction commenced in 2021 during COVID and the global supply chain crisis. The project was completed ahead of schedule and below budget in early 2023.
Johnston Farms
A proposed 120-unit apartment community serving families in Rock Hill, South Carolina. The estimated cost of this project is $35 million. This workforce housing development project, which targets families between 50% and 100% of area median income, is proposed to be financed with tax-exempt bonds. Construction to begin in 2023.
Previous Activities
- Dunbar Place - A proposed 100-unit apartment community serving families in Rock Hill, South Carolina. The estimated cost of this project is $25 million. This workforce housing development project, which targets families between 50% and 80% of area median income, is proposed to be financed with LIHTCs and tax-exempt bonds. The Corporation, acting as co-developer, assisted in securing the entitlements for this project and initiated the bond inducement process. The development was sold to a large Charlotte-based non-profit in 2021.
- McLelland Village - A proposed 96-unit garden apartment community serving families in Mooresville, North Carolina. The estimated cost of this project is $25 million. This workforce housing development project, which targets families between 50% and 80% of area median income, is proposed to be financed with LIHTCs and tax-exempt bonds. The Corporation, acting as co-developer, assisted in securing the entitlements for this project and initiated the bond inducement process. The development was sold to a large Charlotte-based non-profit in 2021.
