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NHE leads development of 72-unit affordable housing community

Ross Norton //June 29, 2022//

NHE leads development of 72-unit affordable housing community

Ross Norton //June 29, 2022//

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Leasing is expected to begin for Parkside at Butler late this year. (Photo/Provided)A 72-unit apartment community is taking shape in Mauldin, as a group of developers, community leaders and businesses make progress on addressing a shortage of affordable housing for low-income residents of the Upstate.

Parkside at Butler, located off Exit 34 in Mauldin, will be the latest NHE Development project to open when completed in early spring of 2023, according to a news release.  The new community, made possible with Low-Income Housing Tax Credit support, will consist of three garden-style apartment buildings with one-, two- and three-bedrooms apartments.

When opened, the community will be home to Upstate residents earning 30%, 50%, or 60% of the area median income in Greenville County, the news release said.

Construction on Parkside at Butler began in December 2021 with site preparations, and currently all building foundations have been laid and buildings are in the framing stage, the release said. Leasing should begin for new residents in late 2022, with the first residents moving into units early in 2023.

“NHE is excited to help bring Parkside at Butler to life with our partner organizations, and we thank them for their contributions and vision in helping to create this excellent addition to the Upstate’s affordable housing options,” Taylor Davis, CEO of NHE Inc., said in the release “We continue to explore opportunities in markets across South Carolina to add high-quality affordable housing like this and are pleased to work with all of the other partners in this project to bring Parkside at Butler to reality.”

Amenities will include a community room with kitchenette, gazebo and computer lab.

A recent strategic plan headed by the Greenville Housing Fund and Greenville County Redevelopment Authority has identified the need for as many as 10,000 additional rent or income-restricted units, and the preservation of another 3,000 units of existing affordable housing over the next decade in Greenville County alone, the release said.

Partners in the Parkside at Butler community include Upstate development group NHE Inc. and SCG Development Partners, which are building and financing the project utilizing LIHTC credits administered by the S.C. State Housing Finance and Development Authority. Federal and state tax credits were syndicated by Stratford Capital Group and Monarch Private Capital. Other key partners include TD Bank, Creative Builders and Greenville County Redevelopment Authority.