Save the Date!
Sugar Creek Capital and Tiber Hudson, LLC will be hosting a webinar on the new SC State Tax Credit
Friday, June 26th from 10:00AM-11:30AM EST
To secure your spot, please contact firstname.lastname@example.org
On Thursday, May 14, 2020 South Carolina Governor Henry McMaster signed into law the Workforce and Senior Affordable Housing Act. This new legislation will enable South Carolina to allocate state housing tax credits in an amount equal to a project’s federal allocation of housing tax credits. This new funding source for affordable housing in South Carolina will allow for a dramatic increase in the supply of safe, clean affordable housing for South Carolinians.
"Across the country, especially in these trying times, states are seeking tools to not only provide affordable housing, but also encourage economic development. South Carolina decided the most efficient way to do this was to join other states in enacting a state tax credit that is a full match to the federal low income housing tax credit." said Sugar Creek Capital President Chris Hite. "This important decision will provide South Carolina’s work force, seniors and disabled with better lives for decades to come."
Sugar Creek Capital is committed to championing state housing tax credit initiatives throughout the country and is looking forward to seeing the program put to work in South Carolina. We will be reaching out to our friends and partners soon with more information on the program’s implementation via a webinar.
Oakview Walk is the third and final phase of the massive Trinity Walk revitalization effort by DHA, the City of Decatur, Preserving Affordable Housing, Inc. (PAH), U.S. Department of Housing and Urban Development (HUD), City Schools of Decatur, MARTA, Hudson Housing Capital, Sugar Creek Capital, Bank of America, Merrill Lynch. Martin Riley Associates was the architect for Oakview Walk, Kimley-Horn was the project engineer, and Bradley Construction served as general contractor. DHA construction inspection was managed by Mary Beth Hemenway of The Hemenway Group, LLC, and Green Building monitoring and testing was handled by Carl Seville of SK Collaborative.
By forming these strategic partnerships, and by creating a comprehensive master plan for the redevelopment of Decatur's Trinity Walk in two phases prior to the redevelopment of Oakview Walk, DHA was able to minimize disruption and relocation of current residents. The former residents of Oakview Apartments, many of whom were elderly and/or disabled, were able to move directly into the newly-built Trinity Walk Apartments, while Oakview Walk was re-designed and built primarily for families and working adults.
"The City of Decatur is relatively unique in that its affordable housing communities are part of the fabric of the city, and not constructed some distance away. This allows students to attend the award-winning public schools and offers easy access to public transportation and area jobs for adults," said Faust. "Both Trinity Walk and Oakview Walk are a short distance away from public parks, shopping, dining, medical facilities, recreation and downtown worship centers.
"We believe in creating transformational communities that go far beyond bricks and mortar," said DHA Executive Director Douglas Faust. "In addition to incorporating energy efficient design, appliances and materials into the communities we build and manage, we look for ways to enhance the lifestyles of our residents through community gardening programs, play areas for the children, academic resources for students and mentoring programs.
Decatur's Wylde Center and the University of Georgia Extension Service which will offer onsite gardening, cooking and nutrition programs.
Bryant Pharmacy, working with local businesses, will provide free, regular health screenings to residents.
Decatur Education Foundation, local citizens and Decatur businesses have collaborated to create The Opportunity Partnership, a mentoring program for low income students. The program connects the students with quality opportunities to help them explore their interests, find their passions and develop useful life skills.
DHA's award-winning STARS Afterschool Program, offered onsite for younger students. It includes tutoring, homework assistance, reading, computer skills and enrichment classes.
Atlanta Mayor Keisha Lance Bottoms recently announced the “One Atlanta Housing Affordability Action Plan” that was designed to address Atlanta’s rising housing costs and the systematic displacement of residents who have called their neighborhoods home for decades. The ‘Plan’ involved garnering $1 billion in investment from public, private and philanthropic sources that will help preserve and create affordable housing throughout Atlanta.
As part of that initiative H. J. Russell & Company and Russell New Urban Development, LLC, celebrated the completion of a $22.3 million renovation of 210 affordable housing units at Maggie Russell Towers & Capitol Vanira Apartments, preserving affordable housing in the City of Atlanta. “Our investment to enhance affordable housing underscores our dedication to building communities, and at the same time, enhancing the living environments of some of the city’s most vulnerable residents who also deserve quality housing in the heart of Atlanta,” said H. Jerome Russell, President, H. J. Russell & Company and Russell New Urban Development, LLC. “With the completion of these renovations, along with the stipulations on these projects, we have effectively preserved a significant amount of affordable housing for seniors and families in the heart of Atlanta for the next 20 years.”
Columbia Residential partnered with the DeKalb County Community Development Department, the Housing Authority of DeKalb County, and the Development Authority of Decatur to transform a former parking lot adjacent to the Avondale MARTA station and bring new, affordable senior housing options to Decatur.
Avondale Senior is part of a broader mixed-use transit-oriented development (TOD) located adjacent to the Avondale MARTA station. The agreement calls for subdivision of the site into as many as 8 parcels. The center parcel will contain a 900 space seven story parking structure for use by commuters as well as tenants in the adjacent sites. The overall development is planned for affordable and market rent housing, retail and commercial with one parcel set aside for a future school in that school district.
The new senior-living apartments offer the following amenities: patio/balcony, blinds, carpeting, central air conditioning, coat closets, dishwashers, ceiling fans, garbage disposals, hand rails, microwaves, ovens, pull cords, refrigerators, washer dryer hook-ups, a business center/computer lab, a clubhouse/community room, a courtyard, elevators, exercise facility, a parking garage, central laundry, off-street parking, easy access to MARTA, on-site management, a picnic area, a theater/media room, limited access, courtesy patrol, video surveillance, and service coordination.
Grand Opening of Tindall Towers - Aug. 24th 2018
Tindall Senior, 76 units of new construction, is the first phase of the redevelopment of Tindall Heights, a former public housing complex built in 1940. Macon Housing Authority has bee pursuing the redevelopment of Tindall Heights since 2002. Finally the right team came together.
In-Fill Housing, Inc. is a Georgia not-for-profit housing developer created by the Macon Housing Authority. In-Fill works both in and outside of Bibb County to provide affordable housing for low and moderate-income families. Since 2001, In-Fill Housing has developed more than 1,200 units of affordable housing, including three senior properties, nine family properties, and two properties for special needs populations. The Macon Housing Authority (MHA) is a public housing authority chartered under the laws of the State of Georgia in 1938. MHA uses no local tax revenue in its operation; it derives the majority of its revenue from rents and federal subsidies. The Federal Investor is Wells Fargo. Wells Fargo is active in affordable housing investing and lending, providing construction and permanent financing, and tax credit equity.
Tindall Towers has one and two bedroom units, with amenities including Central Air Conditioning, Mini-Blinds, Carpet, Coat Closet, Ceiling fans, Disposal, Refrigerator, Stove/Oven, Dishwasher, Emergency Pull-cords , Microwave,Washer/ Dryer hook-ups, Pantry. The community offers On-site management, Perimeter fencing, Community Room with Kitchen, Fitness Center, Computer Room, Gazebo, Controlled Access, Video Surveillance, Laundry Facilities.
Originally constructed in 1885 as the Mary Telfair Hospital for Women, 100 years later the building was turned into a senior living community in 1985. In 2018 the historic Telfair Arms Senior Apartment Community starts a new chapter after undergoing an extensive $5.8 million renovation.The building’s 53-apartments, which are fully occupied, received new cabinets, counter tops, flooring, fixtures and fresh paint. The building’s elevator was modernized and several common areas including a library, computer room and wellness suite and service coordinator’s office were also added. Along with upgrading the 53-units, the work included the replacement of mechanical systems and windows and the restoration the building’s original grand staircase.
Sugar Creek Is proud to have been a part of bringing the shine back to a Savanah landmark.
Vinings at Oxford, a mix of garden style, single story flats and town homes, celebrated it's Grand Opening and Ribbon Cutting on November 17th 2017. Ideal for families this quiet community offers a laundry room,community room, library, picnic area, planned community social events as well as many ammenities in each unit.
Sugar Creek was pleased to partner with NAHPA 2015 GA, Susquehanna Valley Development Group, Inc., Regions Bank, Fyffe Construction, and Vantage Management, to provide affordable gracious living to Cedartown.
The Macon-Bibb County Housing Authority, In-Fill Housing, Inc., and Macon-Bibb County government celebrated the official grand opening of Hunt School Village (990 Shurling Drive) with a ribbon cutting ceremony on July 21, 2017 at 11:00 a.m
Hunt School Village is a beautiful new 60-unit affordable rental housing development for persons 62 and older. The approximately $12 million investment represents the first new senior family development in East Macon-Bibb in more than 20 years, and is providing much needed affordable housing to east Macon.
The former school administration building was converted into offices and community space for residents, and includes meeting rooms, kitchen, fitness center, computer center, and multi-purpose theater room. The two original classroom buildings were demolished to make way for two new 3-story buildings. These two new buildings each house thirty one and two-bedroom units.
Hunt School Village is a gated community with a gazebo, benches, pavilion, beautiful landscaping, and central laundry. All units include carpeted bedrooms, luxury vinyl tile living spaces, microwave, range, refrigerator, dishwasher, ceiling fans, fire sprinkler system, and washer/dryer hookups. All units are handicapped accessible and adaptable. The site is managed by a full-time manager and maintenance staff.
National Church Residences held a grand re-opening of Sister’s Court Apartments on Tuesday, April 25th, 2017.
Originally built in 1894 as the Little Sisters of the Poor, the building served as a convent and refuge for Savannah’s low-income senior citizens until the building was sold in 1971. It was later transformed into affordable senior housing and, in 2014, was purchased by National Church Residences.
With plans designed by Foley Design Associates Architects and renovations performed by Choate Construction, Sister’s Court Apartments underwent a major historic preservation that included the renovation of two buildings, the demolition of another and the construction of a new four-story building in its place.
Altogether, Sister’s Court now features 78 residential units and common spaces designed to house seniors
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