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.
Tapestry partnered with OneStreet Residential to develop Sycamore Heights, a 64-unit mixed-income affordable senior apartment community in the City of Jefferson, Jackson County, Georgia.
Tapestry partnered with 3Keys, Inc. and National Housing Trust/Enterprise Preservation Corporation to redevelop Phoenix House, a supportive housing community in the City of Atlanta, Fulton County, GA.
Village at Blackshear
Tapestry partnered with In-Fill Housing, a non-profit affiliate of the Macon Housing Authority, to rehabilitate the Village at Blackshear, a 64-unit apartment community in Blackshear, GA for seniors or disabled households.
The following projects are under construction in Georgia and Alabama.
Highland Terrace II
Tapestry has partnered with Vizion Driven Communities to develop Highland Terrace II, a 132-unit multifamily community located in Columbus, Muskogee County, Georgia. It is a second phase of a development targeted by a transformation plan submitted in 2017. Financing includes 4% LIHTCs, private activity bond financing from the City of Columbus Development Authority, and private loans to finance the $33 million development. It is the redemption of a Brownfield site, long abandoned after a textile mill closed in this location decades ago. The site is adjacent to a public elementary school and closely located to all major community amenities. On-site amenities will include a community room, gazebo, on-site laundry, washer and dryer hook-ups in every unit, a furnished fitness center, and a furnished library. Highland Terrace II will benefit from additional services available in the adjacent senior housing phase such as a wellness center run by local healthcare provider, Mercy Medical, and a twice-per-month farmer’s market run by Little Bit Farm. Construction started in September 2021 and is expected to be complete in 2nd quarter 2023.
Alcove at River’s Edge
Tapestry has partnered with Birge & Held to develop the Alcove at River’s Edge, a 156-unit affordable family apartment community just outside the City of Dacula, in unincorporated Gwinnett County, Georgia. Tapestry and Birge & Held secured 4% LIHTCs, private activity bond financing from the Gwinnett Housing Authority, and private loans to finance the $35 million redevelopment. Amenities will include covered parking, a business center, playground, fitness center and swimming pool, catering to both families and single residents. The property is under construction, slated to be completed in early 2023.
South Oak Apartments
Tapestry has partnered with Vizion Driven Communities and the Foley Housing Authority to develop South Oak Apartments, a new construction, 94-unit multifamily community located in Foley, Baldwin County, Alabama. It is the demolition and rebuilding of multiple parcels of public housing properties owned by the Foley Housing Authority. The public housing subsidies will be converted into project-based rental assistance to help house very low-income families. Financing also includes 4% LIHTC, AHP funds, National Housing Trust Funds, and a 221(d)4 loan. Located near downtown Foley and all major amenities, on-site amenities will include a clubhouse, community center, and rehabbed gymnasium. Construction started in January 2022 and is expected to complete in late 2023.