Winner – BEST OVERALL PROJECT – Affordable Housing Finance Reader’s Choice Awards (2016)
Tapestry partnered with In-Fill Housing to rehabilitate Greystone Apartments, a historic building with expiring LIHTCs. This 71-unit project is located in downtown Rome, Georgia, and is within walking distance to the main public transit station. The property serves seniors and those with disabilities and offers project-based rental assistance to 20% of the residents. The project was financed with 9% LIHTCs and historic tax credits for the $9.5 million redevelopment. The property achieved EarthCraft green building certification and features dedicated space for an active art therapy program. Financing closing occurred in October 2014 and construction was completed in October 2015.