Latest news with #Section8HousingChoiceVouchers
Yahoo
18-04-2025
- Business
- Yahoo
Developer opens 96 affordable housing units in Knoxville, plans to open more this year
KNOXVILLE, Tenn. (WATE) — Housing developer DGA Residential has opened a new affordable housing community with 96 units in Knoxville and they are planning to open at least two more communities with more than 200 units combined later this year. The ribbon was cut at Riverside at Holston Wednesday morning. The new housing community has 48 two-bedroom and 48 three-bedroom units, and is located across the street from Holston River Park off of Holston Hill Road Man indicted after camera found in women's restroom at a Farragut park Construction began in December 2023, and the finishing touches are expected to be complete in May 2025. One of the buildings is complete with 20 units already occupied, and it is expected 48 more units will be occupied in the next 36. The remaining units are expected to be full by mid-June. The new development includes a clubhouse, a playground, a business center, fitness center, and on-site management. Additionally, it also offers residents a protected view of Holston River Park, which has a playground, picnic tables, a canoe launch, paved trails, two fishing piers and a two-acre PetSafe dog park. 'The proximity to downtown as well and everything going on in downtown and Old City, South Knoxville, there's just so much investment going on and opportunity in this part of town. So we're right here, kind of central to all that,' said Craig Cobb, DGA Residential's vice president of affordable housing. 'The demand here in town is off the charts, so 96 units is great. We're really proud of it, but there needs to be a lot more because if we had 1000 units today, we could probably fill 1000 units. So it's a huge need and we're glad to help' Cobb said rent for the two-bedroom units is $1,200. For the three-bedroom units, rent is set at $1,400. As it is an affordable housing community, it is also important to note that applicants can only make up to 80% of the Area Median Income, which is about $64,000 for a family of two and up to $86,000 for a family of five in Knoxville. The Riverside at Holston also accepts tenants with vouchers, such as Project-Based Vouchers and Section 8 Housing Choice Vouchers. Knox County Schools to vote on price increase for meals The new affordable housing community was made possible through a $750,000 investment by the City of Knoxville through its Affordable Rental Development Fund. Cobb added that DGA Residential also got some of its financing through Tennessee Housing Development Agency and HUD finances. Cobb also shared that DGA Residential has multiple other housing communities under development, including the 184-unit Grosvenor Square community that will be opening off of Merchants Drive in August, and a 47-unit Bluegrass Landing community that will be next to Blue Grass Elementary School in June. The second, he said, would be going online in June. Additionally, the development company is also planning to break ground on at least two more housing communities later this year, with one in Hardin Valley and the other off of 5th Avenue. Cumulatively, those two communities will also have more than 200 units. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
05-03-2025
- General
- Yahoo
NYCHA has issued over 2,400 Section 8 vouchers since waitlist closed
NEW YORK CITY (PIX11) – NYCHA has issued 2,437 Section 8 Housing Choice Vouchers since it reopened the waitlist to 200,000 new applicants in August. Over the summer, the city opened the Section 8 waitlist for the first time since 2009, which drew over 600,000 applicants. Only 200,000 made it onto the waitlist. NYCHA originally set a goal of issuing 1,000 vouchers a month, contingent on funding and voucher capacity. More Local News In the months since the waitlist closed, 290 vouchers have been used to rent apartments in New York City, according to a spokesperson for NYCHA. NYCHA will have to make it through the existing waitlist before reopening Section 8 for new applicants. The last waitlist took 15 years to get through. Eligibility interviews are conducted with all applicants on the waitlist to review documentation. Once eligibility is confirmed, the Housing Choice Voucher is issued and applicants have 120 days plus an automatic 60-day extension to search for an apartment. Emily Rahhal is a digital reporter who has covered New York City since 2023 after reporting in Los Angeles for years. She joined PIX11 in 2024. See more of her work here and follow her on Twitter here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
