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Council awards HOME-ARP gap funding for 72-unit Turnberry Trace senior apartments
Summary
The council voted 6-0 to approve a staff recommendation to commit $715,000 in HOME-ARP gap financing to Turnberry Trace, a 72-unit senior affordable project by Taft Mills Group that staff said is shovel-ready and paired with low-income housing tax credits.
The Greenville City Council on April 10 approved a staff recommendation to commit $715,000 in HOME-ARP gap financing to Turnberry Trace, a 72-unit senior affordable rental development proposed by local developer Taft Mills Group.
Housing staff said HOME-ARP and HOME funds can fill financing gaps when paired with Low Income Housing Tax Credits (LIHTC), and the city frequently partners with developers…
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