Construction for Southpointe Senior Residences, a $23 million affordable housing project, kicked off with a groundbreaking ceremony Nov. 21.
The new apartment community off Woodruff Road in Greenville will be reserved for low- and moderate-income renters over the age of 55. Specifically, the units will target seniors earning 20% to 60% of the area median income.
Ninety residential units with one- and two-bedroom floor plans will be available at Southpoint Senior at 30 Southpointe Drive. Pre-leasing will begin in December 2025 and construction is expected to take 18 months to complete. The apartment community will also include a community center, business center and fitness center for residents.
Southpoint Senior will be created in partnership with the Greenville Housing Fund and Lowcountry Housing Communities, a new developer in the Greenville market. South Carolina Housing Authority awarded the project the 9% Low Income Housing Tax Credit award in 2021.
“We are incredibly thankful for the tax credit financing and for all the efforts SC Housing is making to increase affordable housing opportunities in the rapidly growing Upstate,” said Bryan Brown, president and CEO of the Greenville Housing Fund.
Greenville County Redevelopment Authority and The Greenville Housing Authority also helped make this affordable housing project a reality. The project will include 20 project-based vouchers through an award from The Greenville Housing Authority.
Read more about local affordable housing projects
