CLARKSVILLE, Tenn. – Community leaders were joined by representatives from UnitedHealthcare, U.S. Bank, and the Vantage Group to celebrate the grand opening of a new affordable, housing complex for seniors in Montgomery County.
The grand opening of the Vinings at Greencastle Apartments was held Thursday in Clarksville. The new complex featured 80-units and organizers said it was a first of its kind for the Clarksville area.
The housing complex has been planned to accommodate residents 55-years and older, with 68-two bedroom units and 12-one bedroom units. Organizers added the new housing will also feature amenities such as energy-efficient appliances, a community building, and onsite management and maintenance.
UnitedHealthcare provided $7.7 million for the project and partnered with U.S. Bank. U.S. Bank also provided a construction loan and a first mortgage for the development, with the City of Clarksville Housing and Community Development providing additional funding. The Tennessee Housing Development Agency approved the use of tax credits for the complex.
"UnitedHealthcare is grateful for the opportunity to partner with the community of Clarksville and U.S. Bank to help expand access to affordable housing for seniors, and to provide an economic boost to the region through the construction of these new homes," said Scott Bowers, president and CEO of UnitedHealthcare Community Plan of Tennessee.
Representatives from U.S. Bank were also on-hand for the celebration.
"Our shared commitment to affordable, quality housing is increasing housing options available for seniors living in the Clarksville area," said Steve Kemmer, market president for U.S. Bank. "We're proud to partner with UnitedHealthcare to help ensure that seniors in need of affordable housing have a place to call home."
The project was part of the Affordable Housing Investment Program, which has provided more than $100 million in financing for community development projects throughout the United States.
Students in the Academy of Energy and Power at Maplewood are busy getting ready for next week's Project Expo and had the opportunity to show it off some of their projects to Tennessee Congressman Jim Cooper.