Trending...
- Scoop Social Co. Partners with Air Canada to Celebrate New Direct Flights to Milan with Custom Italian Piaggio Ape Gelato Carts
- Global License Exclusive Secured for Emesyl OTC Nausea Relief, Expanding Multi-Product Growth Strategy for Caring Brands, Inc. (N A S D A Q: CABR)
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
- Preston Dermatology & Skin Surgery Center Wins Gold and Bronze in Prestigious Annual DIAMOND Awards
- David Boland, Inc. Awarded $54.3M Construction Contract by U.S. Army Corps of Engineers, Savannah District
- "Phinge Unveil™" Coming to Las Vegas to Showcase Netverse Patented Verified App-less Platform, AI & Modular Hardware Including Developer Conferences
- Elizabeth McLaughlin, Founder and CEO of Red Wagon Group, named 2026 Presidential Leadership Scholar
- U.S. Congressional Candidate Peter Coe Verbica on America's Asymmetric Crisis
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
- Jones Sign Rebrands as Jones to Reflect Growth, Innovation, and Expanded Capabilities
- Helping high-functioning women reduce mental load by redesigning broken life systems
- $1 Million Share Repurchase Signals Confidence as Off The Hook YS Scales a Tech-Driven Platform in the $57 Billion U.S. Marine Market
- Trends Journal's Top Trends of 2026
- Tatt:Magic Unveils Breakthrough Tattoo Recovery System with Faster Healing, No Itch, and Vibrant Results
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
- Scoop Social Co. Partners with Air Canada to Celebrate New Direct Flights to Milan with Custom Italian Piaggio Ape Gelato Carts
- Breakout Phase for Public Company: New Partnerships, Zero Debt, and $20 Million Growth Capital Position Company for 2026 Acceleration
- Japan's Patented "Hammock'n" Smartphone Band Targets Hand Fatigue From Long Phone Use
- Reditus Group Introduces A New Empirical Model for Early-Stage B2B Growth
- CCHR: Harvard Review Exposes Institutional Corruption in Global Mental Health
- Goatimus Launches Dynamic Context: AI Prompt Engineering Gets Smarter
- Global License Exclusive Secured for Emesyl OTC Nausea Relief, Expanding Multi-Product Growth Strategy for Caring Brands, Inc. (N A S D A Q: CABR)
- RNHA Affirms Support for President Trump as Nation Marks Historic Victory for Freedom
- American Laser Study Club Announces 2026 Kumar Patel Prize in Laser Surgery Recipients: Ann Bynum, DDS, and Boaz Man, DVM
- Lineus Medical Completes UK Registration for SafeBreak® Vascular
- Canyons & Chefs Announces Revamped Homepage
- $140 to $145 Million in 2026 Projected and Profiled in New BD Deep Research Report on its Position in $57 Billion US Marine Industry; N Y S E: OTH
- Really Cool Music Releases Its Fourth Single - "So Many Lost Years"
- MGN Logistics Acquires Fast Service LLC, Fueling MyMGN Marketplace Expansion and Supercharging Expedited Coverage Nationwide
- The Wait is Over: Salida Wine Festival Announces Triumphant 2026 Return After Seven-Year Hiatus
- Graduates With $40K in Student Debt Are Buying Businesses Instead of Taking Entry-Level Jobs
- Tatt:Magic Unveils Breakthrough Tattoo Recovery System with Faster Recovery No Itch, for Vibrant ink
- Anne Seidman: Within the Lines
- How Democrats Made Healthcare More Expensive in 2026