Funding Looks Good For Magnolia Ridge
Highlands Residential Services expects word by late August on an application to receive tax credits for its Magnolia Ridge project off Buffalo Valley Road. Developer Alvin Nance told the Highlands Board Thursday the final application has been submitted to the Tennessee Housing Development Agency. Nance said they reviewed a list of all the applicants for […]
Next Steps For Magnolia Ridge & Rose Bud Village Developments
The Highlands Residential Services Board got a look at the floor plans and renderings for the Magnolia Ridge Apartments and Red Bud Village located off Buffalo Valley Road. Consultant Alvin Nancy said the proposed Magnolia Ridge Apartments would have 77 units. He said the Red Bud Village apartment would include a pair of two-story buildings […]
Highlands Residential Services Board Eliminates Pet Deposits
Highlands Residential Services Board voted to revise its pet policy during its Thursday meeting. A pet deposit will no longer be charged to potential residents. Executive Director Dow Harris said the pet policy has become an ineffective tool. “I’d say we have less than a dozen a year, applications for a pet,” Harris said. “They’re […]
This Week: Algood City Council Discusses New Soccer Complex
Algood’s City Council will discuss a new indoor soccer complex this week. The city would partner with the Joseph Warlick Memorial Foundation to put a new complex at the old Algood baseball field. The complex would also include a walking track with a net to protect walkers from stray soccer balls. The council meets at […]
Housing Authority To Close Sale Of Claude Darwin Property Wednesday
Highlands Residential Services set to close on the sale of Claude Darwin Apartments Wednesday. The 1.5-acre property off Cookeville’s Walnut Avenue is being sold for $2 million. The board originally asked $3 million for the property. Director of Operations Chris Cassetty said the sale price was adjusted because of the market. “It’s really close to […]
Cookeville Approves New HRS Pump Station Agreement
A new sewer project in the Cane Creek area will remove from service two old facilities and allow for future growth Cookeville City Council, the Putnam County School System, and Highlands Residential Services are jointly working on the new pump station. It will be located on the Cane Creek Elementary School property. Water Quality Control […]
HRS Closing Applications Due To Long Waiting Lists
Highlands Residential Services has closed applications for all of its housing developments due to long waiting lists. Director of Operations Chris Cassetty said a combination of low apartment turnover and available inventory has caused the issue. “One waiting list might only have 40 or 50 people on it, but if you are only turning over […]
HRS Applying For $2.5 Million To Continue Master Plan
Highlands Residential Services applying for $2.5 million in state funding to construct more housing units. Director of Operations Chris Cassetty said if approved, the grant would help continue the housing authority’s master plan for 20 units at Buffalo Valley Road. “It looks to target people that are about to be homeless. People that maybe can’t […]
Construction Of HRS Hickory Valley Development Ahead Of Schedule
Construction going as planned a month into Highland Residential Services’ Hickory Valley development. Development CEO Alvin Nance of a Knoxville-based real estate firm updated the housing authority board on construction progress Thursday. Nance said some building pads are complete and framing has begun. “The schedule is calling for us to be complete by January 31st […]
Construction On Housing Authority’s Next Development Starts
Highlands Residential Services’ newest housing development is set to start construction this week. Director of Operations Chris Cassetty said Hickory Valley will be a seven building development with 48 total units. “We have been waiting for several months to get everything finalized to get our funding in place,” Cassetty said. “We got that done this […]
