Properties

715 Woodland

Nashville, TN

Property Type:
Multifamily
Total Development Cost:
10,300,000.00
Financing Structure:
LIHTC Units:
54
AMI:
Market Rate Units:
Completion Date:
July 2014

715 Woodland is a 54-unit property located in East Nashville, TN. The property consists of 22 three-bedroom units, 32 two-bedroom units, and one office. Each three-bedroom unit is approximately 1,200 square feet and each two-bedroom units is approximately 1,000 square feet.
Each unit is equipped with a stove, vent hood, refrigerator, dishwasher, disposal, microwave oven, and central heat and air conditioning. In addition a washer and dryer hook up is provided in every apartment as well as ceiling fans. All of the appliances are ENERGY STAR rated. The exterior is constructed of brick and/or hardiplank siding.
The property includes a 67 space parking garage and a community room all for the exclusive use of the residents.
The 705 Woodland property will be built to cater exclusively to families. The rent structure of the property is governed by the IRS Section 42 rules and is restricted to residents earning at or below 60% of the area median income.
Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list.