Press Contact Only:
Margaret Matrone, NCHFA, 919-877-5606, mamatrone@nchfa.com
Connie Helmlinger, NCHFA, 919-877-5607 cshelmlinger@nchfa.com
A dedication ceremony for Ellsworth Commons, a new 68-unit development for seniors, will be held this Friday at 11 a.m. The community was developed by Workforce Homestead, Inc., of Tryon, and Align Development, LLC, of Wake Forest, using Housing Credits awarded by the NC Housing Finance Agency.
Speakers:
Allen M. Thomas, mayor, Greenville
Barbara Lipscomb, city manager, Greenville
Jim Yamin, president, Workforce Homestead, Inc.
Representative from NC Housing Finance Agency
Date/Time/Location:
October 18, 2013, 11 a.m., 3200 Moonlight Way, Greenville
Onsite Contact:
Steve Evans, 919-602-3750
Ellsworth Commons features six buildings comprising one- and two-bedroom apartments. The apartments serve individuals with incomes at $22,980 or below. (Income limits vary based on household size.) Ellsworth Commons also offers community amenities within the main congregate building which include a kitchen, computer center, library, exercise room, multi-purpose room, hair salon and laundry room. Exterior amenities include raised garden beds and a gazebo. The apartment community’s location in the Bent Tree neighborhood provides easy access to medical facilities, shopping and dining.
The $8.1 million development was financed in large part by federal and state tax credits awarded by the NC Housing Finance Agency. The Agency finances the statewide construction of affordable rental apartments using federal and state housing credits, low-interest loans, and tax-exempt bond allocations. In addition, the Agency administers the state’s 25-year-old Housing Trust Fund, which provides loans for development of rental apartments.
“Ellsworth Commons provides a safe, comfortable and affordable neighborhood for lower income seniors in Greenville and is an attractive asset for the surrounding community,” said Bob Kucab, executive director of the NC Housing Finance Agency.
The North Carolina Housing Finance Agency is a self-supporting public agency. It has financed 215,000 homes and apartments since its creation in 1973, including 85,000 homes for first-time home buyers. To learn more, go to www.nchfa.com or call 919-877-5700 or 800-393-0988.
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