It's called the Preserve at Highland Ridge. I’m sick and tired of seeing all these people homeless, especially the veterans,” Riebe said.ĭominium has another affordable housing community on Dickerson Pike that just opened. It will be a couple of years until the new projects are finished, but Riebe said low-income housing is needed now. Highland Ridge Apartments is a family friendly community. In addition, the Riverchase Apartments nearby have been sold. New owners have made lots of improvements to the property. He said believed the project will likely jump-start redevelopment in the corridor. "We’re restricting our homes to people that are earning 60% of the area median income or less," Lunderby said. He said if it were open right now, one-bedroom apartments would go for roughly $980 a month, which is hundreds less than the market rate. "There’s been a lot of upward pricing on land prices as well, and so we’re competing in a challenging environment as an affordable developer and provider," Dominium senior vice president Ryan Lunderby said. The price tag is $90 million due to skyrocketing construction costs. The new apartment complex called 900 at Cleveland Parkwill have 256 units. "Once they start building those big complexes and things, then they’ll be trying to move us out," Dunn said. The price of their home has gone through the roof. Victor Dunn has lived in the neighborhood off of Cleveland Street for 53 years. "It’s supposed to be the richest country in the world, and you got people homeless and starving," neighbor Paul Riebe said. (WTVF) - An affordable housing development could spark change in the Dickerson Pike corridor, neighbors and developers said.įinding an affordable place to live in Nashville is hard. Please contact your sales representative for complete details.NASHVILLE, Tenn. Photos are images only and should not be relied upon to confirm applicable features. This is not an offering where prohibited by law. Additional costs apply for credit scores under 740 and/or condominiums with less than 25% down, which may increase rate/APR. Rate/APR based on $726,200 loan amount, 20% down, and 740 credit score. Financing provided by Toll Brothers Mortgage Company: NMLS #18154 ( click here for state licensing information. For qualified buyers only, other programs avail. Minimum 20% down for loan amounts between $250,000 and $726,200. Toll Brothers reserves the right to change or withdraw any offer at any time. Valid for new buyers only that sign a Sales Agreement on select quick move-in homes and close by. Offers, incentives, and seller contributions, if any, vary by community and are subject to certain terms, conditions, and restrictions. † Not to be combined with any other offer. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Toll Brothers. Please contact your sales representative for complete details.
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