Senior housing planned for Jesse Jackson Townhomes site

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A new $8.5 million senior housing community is planned for property in Nicholtown on the former Jesse Jackson Townhomes site.

Heritage at Sliding Rock, located at Ramsey Drive and Greenacre Road in Greenville, will be The Greenville Housing Authority’s (TGHA) newest community. The three-story building will provide 42 one-bedroom and six two-bedroom apartments for seniors ages 62 and older. Sliding Rock will also offer 12 two-bedroom cottages designed to provide a housing option for long-term residents of the community who may want to downsize yet remain active residents of Nicholtown, said Ivory Mathews, TGHA executive director.

The new community will have a shared community room and kitchen, computer lab, card/game room and theater room. As with the existing Heritage Commons, rent on all units will be government-subsidized so that tenants pay no more than 30 percent of their income toward rent.

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The project will include features and amenities to support independence and enable seniors to age in place with grace and dignity, said Matthews.

Heritage at Sliding Rock will be located on 10.85 acres and is part of an ongoing master plan for the Jesse Jackson Townhome Revitalization project. The existing Heritage Commons includes 496 rental housing units and 126 single-family homes subsidized by a $20 million grant TGHA received in 2004 from HUD. TGHA is still seeking to develop 26 single-family parcels, partnering with a nonprofit builder, Matthews said.

JesseJackson_DefinedOf the $8.5 million needed for the project, $7.2 million will be funded through low-income housing tax credit equity, and the remaining $13 million will be private mortgage funds.

Douglas Development of Aynor, S.C., will develop the project. TGHA will own and manage the project upon completion of construction.

Construction is expected to begin February 2016 with occupancy beginning March 2017.

 

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