Property management and development firm NHE Inc., Creative Builders and SCG Development Partners has broken ground on Renaissance Place Senior Apartments, a 57-unit affordable housing community for seniors.
The project is one of 90 other NHE-managed affordable housing properties across South Carolina, according to a news release.
“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,” Taylor Davis, CEO of NHE, said in the release. “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.”
“Affordable housing is a necessity for any community to grow and thrive,” Sam Erwin, Iberia Bank’s South Carolina regional president, said in the release. When progress is made with affordable housing, everyone in the community wins. We will continue to seek opportunities to support affordable housing in Greenville.”
The complex, housing one- and two-bedroom apartments ranging from 749 square feet to 1,077 square feet., is located on 1250 N. Pleasantburg Drive near Bob Jones University. Seniors aged 55 and older making between 40% to 60% of the area median income make up the development’s target market.
Iberia Bank, a division of First Horizon Bank and its Iberia Civic Impact Partners group, helped finance the project.
“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,” Bryan Brown, president and CEO of Greenville Housing Fund, said in the release.s