An 88-unit, all-affordable housing community is now under construction in the Overbrook neighborhood.
The Greenville Housing Fund and developers recently celebrated the groundbreaking for The Riley at Overbrook, located on Lowndes Hill Road near I-385, downtown Greenville and the growing neighborhood commercial hub on East North Street.
Nineteen of the project’s 88 units will be affordable to households earning 30% or less of the area median income. “This is truly deep affordability,” said Bryan Brown, President and CEO of the Greenville Housing Fund.
Brown also noted that Greenville Mayor Knox White, as well as Councilor Dorothy Dowe and Greenville’s SC State House Representative Bruce Bannister, were instrumental in helping to secure support for the Low Income Housing Tax Credit Program at the state level, which provided critical financing for The Riley.
White praised the project’s income accessibility.
“The Riley is an example of true affordability, made possible through a public-private partnership. Families earning between $12,000 and $48,000 per year will be able to live in a safe, new apartment community, paying rent that meets their income,” Mayor White said. “Located near the new Prisma Health Swamp Rabbit Trail extension, and zoned for excellent schools, this project delivers on City Council’s affordable housing goal and improves the quality of life for families.”
Written by the City of Greenville.