The City of Clarksville will celebrate the opening of The Vinings at Greencastle on September 26 from 10 a.m. – noon. The new 80-unit affordable housing community for senior citizens, located at 2675 Wilson Road, will host a ribbon cutting and open house with project partners, residents and community leaders.
The housing complex is a first-of-its-kind development for seniors in Clarksville that helps fill a critical void for affordable housing in the region. The Vinings at Greencastle Apartments is designed to accommodate residents 55 years old and up, with 68 two-bedroom and 12 one-bedroom open floor plan units. The residential complex offers a number of amenities for residents such as energy-efficient appliances, a community building, and on-site management and maintenance.
The City of Clarksville Office of Housing and Community Development and The Vantage Group served as co-developers for the $9.3 million project. UnitedHealthcare provided $7.7 million in Low-Income Housing Tax Credit (LIHTC) equity through a partnership with U.S. Bank subsidiary U.S. Bancorp Community Development Corporation. U.S. Bank also provided a construction loan and a first mortgage for the benefit of the project. The City of Clarksville Office of Housing and Community Development provided the additional funding with the Tennessee Housing Development Agency (THDA) approving the use of tax credits for the development.
Attending the ribbon-cutting will be Clarksville Mayor Kim McMillan, State Representative Joe Pitts, Lowell Ray Barron II of The Vantage Group, Executive Director of Long Term Care & Medicare Dr. Melinda Henderson, and Clarksville District Manager of U.S. Bank Steve Kemmer.