72-unit affordable housing development planned near Greenville’s Unity Park

The Greenville Housing Fund has unveiled plans for a new affordable housing development steps from Greenville’s Unity Park.

A 72-unit apartment complex is envisioned at 102 Meadow St. in the Southernside neighborhood. The project would consist of three- and four-story apartment buildings with one-, two- and three-bedroom units for low-income families. 

Libba King, the vice president of real estate and capital markets for the Greenville Housing Fund, said the project would target families earning 30% to 70% of the area median income, with rents ranging from $550 to $1,760. Household AMI in Greenville County is about $97,000.

The project, currently named Meadow Street Apartments, was presented at the city of Greenville’s Project Preview Meeting on Feb. 24. The city’s Design Review Board is expected to review the project’s site plan and massing in April. 

Meadow Street Apartments would be constructed on approximately 2.5 acres of land owned by the Greenville Housing Fund between Meadow, Oscar and Nassau streets. The city donated 0.14-acres at the intersection of Meadow and Nassau streets to the organization in 2023.

Blue Ridge Cascade has partnered with the Greenville Housing Fund to develop the affordable housing project. The North Carolina-based real estate development firm specializes in building Class A affordable housing projects nationwide. 

The Greenville Housing Fund plans to apply for state and federal low-income housing tax credits to help finance the project. King said they have started the application process for the tax credits. The organization aims to close on the project’s financing in early 2027 before moving on to construction. 

Two additional affordable housing projects are underway or planned near Unity Park.

The Greenville Housing Fund is currently building Southernside East, a $24.5 million senior affordable housing project at the corner of West Washington and Hudson streets.

Southernside West will be a 54-unit senior affordable housing project planned at 825 W. Washington St. King said the Greenville Housing Fund hopes to close on the project’s financing in early April and break ground in May.