Trending...
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
CHARLOTTE, N.C. - ncarol.com -- South Carolina-based developer Taylor Davis of NHE knows the situation all too well, after spending more than 25 years of his career involved in developing and managing quality, affordable housing properties across the Carolinas. Need far outstrips supply.
Now, with the groundbreaking of Ovata at Reedy Creek in Charlotte, Davis is undertaking development of his third affordable community in North Carolina – this designed for seniors 55 years of age and better – to help address the soaring demand for quality affordable housing while faced with a significant undersupply in communities across the country.
"Throughout the Carolinas and across America, there is a startling deficit of high-quality, affordable housing for families, senior citizens and those of lesser means," says Davis, President & CEO of NHE, a South Carolina-based developer and property management organization. "Every American deserves the opportunity to live in a quality place where they can be happy, safe and host friends or family in. We want to continue to do our part with the development of Ovata at Reedy Creek."
More on ncarol.com
Construction of the 78 one- and two-bedroom apartment homes at Ovata at Reedy Creek, located at 9729 Newell Hickory Grove Road in Charlotte, are now underway with target occupancy in Summer 2024. Located off East W.T. Harris Boulevard in northeastern Charlotte, the community -- made possible with Low-Income Housing Tax Credits and support from the Charlotte Housing Trust Fund – will be a mixed income property. It will be home to residents earning 30%, 50%, 60% or 70% of the area median income, or a range of $15,000 – $50,000 annually.
Construction on Ovata at Reedy Creek began in June 2023 with site preparations, and leasing will begin next Spring, with residents moving into units in Summer 2024.
Residents of Ovata at Reedy Creek will enjoy the convenience of interior hallways and a central elevator system, along with in-home amenities including Energy Star appliances, luxury vinyl flooring, microwaves, wiring for high-speed internet, and washer and dryer hookups. Community amenities include a community room with kitchenette, library and computer lab, fitness room, onsite leasing office and laundry room.
More on ncarol.com
Ovata at Reedy Creek also provides convenient and comfortable living for senior citizens wanting convenient access to shopping, dining, grocery and healthcare facilities, and is near to the popular Reedy Creek Park and Nature Preserve. The community will also be served by CATS, the Charlotte Area Transit System.
Ovata at Reedy Creek partners include development group NHE, Inc. and SCG Development Partners, which are building and financing the project utilizing LIHTC credits administered by the North Carolina Housing Finance Agency. Other key partners include United Bank, Stratford Capital Group, Centrant Community Capital, C. Herman Construction and the Charlotte Housing Trust Fund.
For additional information, visit www.NHE-Inc.com.
Now, with the groundbreaking of Ovata at Reedy Creek in Charlotte, Davis is undertaking development of his third affordable community in North Carolina – this designed for seniors 55 years of age and better – to help address the soaring demand for quality affordable housing while faced with a significant undersupply in communities across the country.
"Throughout the Carolinas and across America, there is a startling deficit of high-quality, affordable housing for families, senior citizens and those of lesser means," says Davis, President & CEO of NHE, a South Carolina-based developer and property management organization. "Every American deserves the opportunity to live in a quality place where they can be happy, safe and host friends or family in. We want to continue to do our part with the development of Ovata at Reedy Creek."
More on ncarol.com
- L-Tron to Attend the 2026 NC, GA, TN, SC Joint Regional IAI Conference
- "Kulture Metrics" Isn't Just an Album Title: KayeDinero Connects Music, Markets and Code
- Congressman Chuck Edwards (NC-11) Presents ReadyCommunities Partnership 2026 National Service Award to Local Businessman / US Air Force Veteran
- Cress Creeks Farm Opens Fall Corn Maze and Baby Lamb Hayride Experience in Ellijay, Georgia
- Allstream Energy Partners Nominated in Multiple Categories for Fast Company's Best Workplaces for Innovators
Construction of the 78 one- and two-bedroom apartment homes at Ovata at Reedy Creek, located at 9729 Newell Hickory Grove Road in Charlotte, are now underway with target occupancy in Summer 2024. Located off East W.T. Harris Boulevard in northeastern Charlotte, the community -- made possible with Low-Income Housing Tax Credits and support from the Charlotte Housing Trust Fund – will be a mixed income property. It will be home to residents earning 30%, 50%, 60% or 70% of the area median income, or a range of $15,000 – $50,000 annually.
Construction on Ovata at Reedy Creek began in June 2023 with site preparations, and leasing will begin next Spring, with residents moving into units in Summer 2024.
Residents of Ovata at Reedy Creek will enjoy the convenience of interior hallways and a central elevator system, along with in-home amenities including Energy Star appliances, luxury vinyl flooring, microwaves, wiring for high-speed internet, and washer and dryer hookups. Community amenities include a community room with kitchenette, library and computer lab, fitness room, onsite leasing office and laundry room.
More on ncarol.com
- Pipeline Developer Isn't Just a Song: KayeDinero Builds Software, Markets and Music
- Who Is KayeDinero? The Asheville Artist Also Builds Software and Trading Systems
- Leaping Cat Creative Takes Shape Around the Problems Nobody Quite Owns
- White Coat Financial Partners Announces Launch of Next Generation Practice Optimization Software
- Kerri Lawless Introduces New Home-Selling Option for Local Homeowners
Ovata at Reedy Creek also provides convenient and comfortable living for senior citizens wanting convenient access to shopping, dining, grocery and healthcare facilities, and is near to the popular Reedy Creek Park and Nature Preserve. The community will also be served by CATS, the Charlotte Area Transit System.
Ovata at Reedy Creek partners include development group NHE, Inc. and SCG Development Partners, which are building and financing the project utilizing LIHTC credits administered by the North Carolina Housing Finance Agency. Other key partners include United Bank, Stratford Capital Group, Centrant Community Capital, C. Herman Construction and the Charlotte Housing Trust Fund.
For additional information, visit www.NHE-Inc.com.
Source: NHE
0 Comments
Latest on ncarol.com
- Piedmont Crossing Celebrates 40 Years of Caring, Community, and Connection
- LET US READ Documentary on Dyslexia and Literacy to Screen at TCL Chinese 6 in Hollywood
- ChatGPT Leans Mostly on Firms' Own Websites to Decide Which Environmental Consultant to Recommend
- What Does "Human Error" Sound Like North of Asheville? KayeDinero Brings New Era to Weaverville
- Before Asheville, There Was Cherokee: KayeDinero Reveals Where Her Carolina Chapter Really Began
- Profit at the Window: Free Webinar Helps Interior Designers Turn Window Treatments Into Revenue
- Defense & Space Strategy Strengthens as New Leadership Builds on NASA Results and Expanding Multi-Orbit Opportunities for Ascent Solar Technologies
- STS Capital Partners is pleased to announce the appointment of Barry Brown as Vice President, Business Development
- Local Ecomaids Owner Launches Healthy Home Reset Initiative for Triangle Families
- Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
- Asheville Artist KayeDinero Asks What Happens When Technology Gets Too Human on "Human Error"
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
- Mandeville Pests May Pose Serious Health Risks for Your Family
- TOLI North America's Floorleum Plain AdVantage Transforms Flooring Into a Wayfinding Tool
- Share your workplace safety solutions at 2027 Applied Ergonomics Conference
- Parents No Longer Have to Wait 3 Weeks for a Sleep Consultant: Nora Talks Tonight, Stays for 5 Days, Costs $89
- May The Worst Team Win! Loserball Kicks Off Another NFL Season of Hilarious Mayhem
- Black Women Living With, and Impacted by, HIV Express Gratitude, Grief, Joy, and Resilience
- MainConcept Easy Video API Extends Full Transcoding to Arm and NETINT VPUs
- From Detroit Streets to Blue Ridge Mountains: KayeDinero Finds a New Sound in Western North Carolina