Trending...
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
- Kaltra Expands Microchannel Water Coil Line for U.S. HVAC Market With New Corrosion-Resistant Tube Technology
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
- Could You Make a 2026 World Cup Squad? A New Free Tool Will Tell You Where You'd Sit on Any National Team's Bench in 90 Seconds
- Sugar Land's Social Scene Gets a Boost: Pep's Backyard Set to Open Near Constellation Field
- Joseph Nybyk (AKA Joseph Neibich) Guests On Octopus TV
- New from Regal House Publishing, Minerva, a girl raised in a politically divided country
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
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
- Triple-Digit Growth, OTCQX Market Upgrade and a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation: Stock Symbol: CDIX
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
- Lick Introduces Pineapple Flavored Massage Oil — A Tropical Date Night Favorite Available on Amazon
- FutureLot Powers ADU Wizard for Massachusetts Clean Energy Center's Statewide ADU Resource Center
- ICT Innovations Releases ICTPBX Community Edition as Open Source Under Mozilla Public License 2.0
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
- Avery Headley Leads Major Stabilization and Modernization Initiative Across Bronx Affordable Housing Portfolio
- America's Boating Channel® Releases New Video Explaining Give-Way and Stand-On Vessel Navigation Rules
- NewReputation's AI Sentiment Analysis Tool Reaches 2,500 Users as Businesses Demand Clearer Brand Intelligence
- Sunday Best Winner Tasha Page-Lockhart Headlines A'Leurer's 1-Year Anniversary Celebration in Greensboro
- CAPO Supply Announces Opening of Second Location in New Castle, Pennsylvania
- $224 Billion Growing Market in Life Settlements Presents Major Opportunity for New Policy Acquisition Business Plan: DLT Resolution Stock Symbol: DLTI
- New from Regal House Publishing, Margery and Me, based on the true story of psychic Margery Crandon
- Fyt-02 Launches on Kickstarter The Smart Sensor That Turns Any Chair Into a Posture & Movement Track
- YieldOMega Launches $DOUB Airdrop Campaign Ahead of TimeCurve Launch
- Kaltra Expands Microchannel Water Coil Line for U.S. HVAC Market With New Corrosion-Resistant Tube Technology
- Collectibles EvoRelic Celebrates Stellar 4.8-Star Customer Rating
- Phoenix Hip-hop Artist Rhymi Hits 23k Monthly Listeners 12 Days After Album Release
- Pediatrician Launches "Confessions of a Detective Doctor" Children's Book Series
- Integrated Maintenance Platforms Are Transforming Aircraft Operations
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- Derek Advanced Tracking Systems Revolutionizes Asset Monitoring with Advanced Technology
- The AI Direction Deficit: TripleTen Study Finds Staff Get Told to Use AI — But Not Trained to Use It
- $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
- All About Technology Celebrates 25 Years of Bridging Detroit's Digital Divide
- iatroX surpasses 500,000 clinical queries and expands specialist exam coverage