Greenville Housing Fund, a nonprofit that works to champion affordable neighborhoods, acquired Harmony Ridge Apartments, a 40-unit senior-citizen apartment community in Travelers Rest, the organization announced Oct. 10.
GHF will invest $3 million to extend expiring income limits that reserve the community’s one-bedroom/one-bath and two-bedroom/two-bath apartments for the low-income elderly population, the nonprofit said in a press release.
The organization has also started a capital expenditure program to install environmentally efficient:
- Lighting
- Showerheads
- Hot water heaters
- Toilets
- HVAC units
GHF is a nonprofit organization focused on affordable housing throughout Greenville’s neighborhoods and operates through lending, investing, advocacy and land banking. The organization works with community stakeholders, developers and municipalities and has worked to create more than 400 units of affordable housing within the past four years.
“The preservation of Harmony Ridge as affordable housing for seniors was really made possible through the close partnership and generous support provided by Greenville County, Greenville County Redevelopment Authority and the city of Travelers Rest,” said GHF President and CEO Bryan Brown. “This collaboration allows us not only to acquire this important property, but also to make much needed improvements to the building, and upgrades in management and services to the residents.”
For more information, visit greenvillehousingfund.com.
