Affordable Housing Options for Seniors Expand as NHE, Partners Begin Development of Renaissance Place Senior Apartments
Greenville’s and the Upstate’s well-documented deficits in both affordable housing and senior-targeted housing will receive a positive boost in the coming months. Noted South Carolina-based property management and development firm NHE, Inc. has begun construction of a new affordable housing community for seniors ages 55 and better with the development of the 57-unit Renaissance Place Senior Apartments in Greenville, South Carolina.
Renaissance Place joins more than 90 other NHE-managed affordable housing properties in markets across the Palmetto State, from Spartanburg and Gaffney to Rock Hill, Columbia, Charleston and Anderson.
“NHE is excited to help bring Renaissance Place to fruition, which we consider to be an excellent addition to Greenville’s affordable housing options for seniors,” said Taylor Davis, CEO of NHE, Inc. “We continue to explore the right opportunities in markets across South Carolina for addition of high-quality affordable housing and are pleased to work with Creative Builders and our other partners in this important project to benefit our senior population.”
Renaissance Place is a joint effort made possible with funding through IBERIABANK, a division of First Horizon Bank and its Iberia Civic Impact Partners group, with project development undertaken as a joint venture of NHE, Creative Builders and SCG Development Partners LLC of Tysons Corner, Virginia.
“Affordable housing is a necessity for any community to grow and thrive. When progress is made with affordable housing, everyone in the community wins,” said Sam Erwin, South Carolina Regional President of IBERIABANK, a division of First Horizon Bank. “We will continue to seek opportunities to support affordable housing in Greenville.”
The project is also supported by the Greenville Housing Fund, Community Works, and the City of Greenville. Apartment units at Renaissance Place will be available to prospective seniors aged 55 and better and will target residents earning 50% and 60% of area median incomes.
“The Greenville Housing Fund is proud to partner with CommunityWorks and the City of Greenville to support the development of Renaissance Place, which will provide critically needed affordable housing to our senior citizens in a strategic location accessible to transit and other important amenities,” stated Bryan Brown, President & CEO of Greenville Housing Fund.
Located near Bob Jones University at 1250 N. Pleasantburg Drive, the 1- and 2-bedroom apartment homes are located with excellent proximity to shopping, dining, healthcare and numerous community amenities. The location also provides easy access to Haywood Mall, downtown Greenville, grocery shopping and multiple major thoroughfares.
“CommunityWorks has been a longtime affordable housing partner and financier in Greenville,” said Tammie Hoy Hawkins, Chief Executive Officer of CommunityWorks. “We are excited to partner with the Greenville Housing Fund and NHE on this important project to support housing opportunities for seniors.”
Renaissance Place Senior Apartments feature one- and two-bedroom units ranging from 749 square feet to 1,077 square feet. Within each unit, residents enjoy high ceilings, wooden cabinets, high-quality laminate countertops and luxury vinyl tile flooring, among other features. Apartments feature ENERGY STAR appliances, indicative of excellent energy efficiency, and include refrigerator, stove/oven, microwave, garbage disposal and dishwasher. ENERGY STAR windows, HVAC systems, lighting and fans are included, as are washer-dryer hookups and prewiring for cable and internet.
Community amenities include a spacious community room with kitchenette for resident functions, fully equipped computer lab, laundry center, fitness center, library, walking trails and outdoor gazebo.
Leasing details, income eligibility guidelines and further information on Renaissance Place will be available later in early 2021.
NHE provides professional association management, conventional and affordable apartment management, and service coordination to communities across the Southeast, and currently represents more than 14,000 homes, apartments and condominiums in more than 15 states. NHE’s clients benefit expertise, experience and leading-edge technology delivered by a dedicated staff offering diverse services to assure premium performance and value. Actively engaged with national and state industry trade associations and government regulatory bodies, NHE holds the prestigious AMO (Accredited Management Organization) designation through the Institute of Real Estate Management. Contact NHE at 864.467.1600 or visit www.NHE-Inc.com.