Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Affordable Housing topic
No spam. Unsubscribe anytime.
Greenville council backs $500,000 HOME commitment for 84‑unit Fington Trace Phase 2
Summary
Council approved a staff recommendation to allocate $500,000 in HOME funds to help finance Fington Trace Phase 2, an 84‑unit, $20.2 million affordable rental development proposed by Taff Mills; council members voiced traffic and sidewalk concerns but supported pressing ahead to add affordable units.
The Greenville City Council approved a $500,000 HOME funding commitment on April 9 to back Fington Trace Phase 2, an 84‑unit affordable rental development proposed by Taff Mills Group.
Assistant Director Renee Scheme told council the city is again using HOME funds with low‑income housing tax credits to maximize unit production and long‑term affordability. "This approach allows us to maximize unit production, ensure long‑term affordability, and make developments financially viable," she said.
Dustin Mills, president of Taff Mills Group, presented the proposal as a $20.2 million development that would contain one‑, two‑ and three‑bedroom units with monthly rents estimated at $525 to $1,100. The project includes a required tax‑credit deed restriction for a 30‑year affordability period and proposes eight units set aside for qualified populations, which Mills said would serve formerly homeless people, domestic‑violence survivors and veterans.
Council members and residents raised concerns about traffic and pedestrian access on East Fire Tower Road near the project. Mills acknowledged the site faces a left‑turn challenge and said DOT improvements (including medians and a future signal) are contemplated but may not occur for several years; he said the development will use a right‑in/right‑out access in the near term. "We're losing affordable units faster than we can produce them," City Manager noted in the discussion, urging measured action despite infrastructure constraints.
Council approved the staff recommendation to support the HOME commitment; the motion to approve passed on a voice vote. Staff will include the city funding commitment as a source in the project's Low‑Income Housing Tax Credit application to the North Carolina Housing Finance Agency.
What happens next: Taff Mills said it will submit a final tax‑credit application on May 15; if awarded tax credits, the city HOME commitment will be part of the project's financing package and city staff will continue to review site connectivity and public‑infrastructure implications with DOT and other partners.
