A modern affordable housing complex set to enhance living options in Greenville.
The City of Greenville has approved a new project to build 100 affordable housing units along Laurens Road. Following a unanimous decision by the Planning Commissioners, the project aims to provide essential housing for residents earning between $12,000 and $60,000 annually. The complex, known as The Alliance, will also feature commercial space and community amenities, catering to families and ensuring diverse income access. Groundbreaking is expected in Summer 2025, marking a significant step towards enhancing affordable living in the area.
In a fantastic move for the community, the City of Greenville has just greenlighted a new project that promises to greatly improve affordable housing options in the area. With the approval of 100 affordable housing units along the bustling Laurens Road, residents and local leaders are buzzing with excitement about what’s to come.
After a unanimous vote of 6 to 0 from the Planning Commissioners, the project is on track to become a reality. The apartment complex will be a sight to see, featuring a couple of four-story buildings situated right at the corner of Ackley Road and Laurens Road.
Not only will the complex provide much-needed housing, but it will also include around 4,200 square feet of commercial space, ensuring that it becomes a vibrant hub for both living and community engagement. Residents can look forward to a variety of amenities, including a delightful retail patio, a fun playground for the kids, and a lovely walking trail for evening strolls or morning jogs.
The housing complex is designed specifically for residents with incomes ranging from $12,000 to $60,000 each year. This is significant because it represents 20% to 70% of the area median income (AMI). This effort is aimed at making sure that folks from diverse economic backgrounds have the chance to call Greenville home.
Initially, the project planned for 116 units but has been tweaked down to 100 units, allowing for more options, especially with an increased number of two and three-bedroom apartments. This will cater better to families and those needing extra space.
The green light for this project comes after receiving Low-Income Housing Tax Credits from South Carolina Housing in September 2024. This funding has made the project not only possible but also viable, setting the stage for more family-friendly and affordable living spaces in the area.
Interestingly, this project isn’t new—it was initially given the thumbs-up back in July 2021. However, it needed some modifications due to program changes in the state’s affordable housing tax credit framework.
Named The Alliance, the complex will find its home on a spacious 4 acres of land currently occupied by the Church of God Laurens Road. Moving forward, the project is set for a second round of approvals and is on track to break ground in the later part of 2025. With plans for financing closure by Spring 2025 and construction kick-starting in Summer 2025, the timeline is looking promising!
What is even more exciting is that the planned complex will cater to various levels of affordability. There will be units that target households making as low as 20% AMI, and those reaching up to 70% AMI. This wide range means that more families can access quality housing in this growing city.
The U.S. Department of Housing and Urban Development has identified the area median income for Greenville as a substantial $88,600 in 2024. This new housing complex will help lower-income families thrive in an area often characterized by its higher living costs.
Exciting times are ahead for Greenville. With various community amenities in the pipeline and a commitment to enhancing the area’s living standards, this affordable housing project may just be the start of many positive changes on the horizon!
Greenville County Council Welcomes New Leadership
Greenville’s Gateway Project Approved for Downtown Revitalization
Affordable Housing Project Launches in Greenville County
Raleigh Ranked Fourth Best City for Corporate Headquarters
Greenville Launches New Development Code
Discover Greenville: A Hidden Gem in the South
Greenville Advances Affordable Housing Initiatives
Charleston Honors Jimmy Carter: A Life Dedicated to Service and Humanity
Boston and Kansas City Named Housing Market Hot Spots for 2025
Shocking Rise in Homelessness: Over 771,800 Americans Without a Roof in 2024!
News Summary Colliers | South Carolina announces David M. Feild as the new Chief Executive…
News Summary Charleston, South Carolina is grappling with a childcare crisis, as skyrocketing costs hinder…
News Summary Sonoco Products Co. announces significant senior leadership changes effective January 3, 2025, including…
News Summary Greenwood Capital, based in South Carolina, welcomes Garrett Minton and Anne Thompson to…
News Summary Greenville welcomes a new café and art space, Canvas Coffee + Art House,…
News Summary Greenville County is set to undergo significant revitalization efforts led by Community Hub…