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CAHEC
The Assembly Apartments – Greenville, South Carolina

The Assembly Apartments, developed by Flatiron Properties, LLC and Creative Builders, Inc., is a new construction community located in Greenville, South Carolina. This large 240-unit development provides one-, two-, and three-bedroom options for low-income families. In addition to high-quality, gorgeous apartments, the community features a pool, playground, and fitness area. Although there were concerns the construction and leasing schedule were too aggressive for a development of this size, Creative Builders, Inc. finished construction in 10 months and the property leased up in less than a year. Many parties came together to finance, build, and manage this new affordable housing community that will provide families a welcoming, safe place to call home for years to come. CAHEC provided $11 million in LIHTC equity in this development, while CAHEC Capital provided over $2 million in loan financing.