Highlands Secures Final Grant For Redbud Village Housing
Some $600,000 in grant funding will help begin construction on Redbud Village, a 20-unit development for those homeless or near homeless. Highlands Residential Services Executive Director Chris Cassetty said the project has been in development for approximately three years while the agency worked to secure multiple funding sources. Cassetty said the recent Tennessee Housing Trust […]
Highlands Residential Magnolia Ridge Awaits Tax Decision
Highlands Residential Services is awaiting a decision on a tax credit application submitted for the Magnolia Ridge housing development. Executive Director Chris Cassetty said the application was submitted to the Tennessee Housing Development Agency at the beginning of April. “We had an update on Magnolia Ridge, but it’s basically just that the tax credit application […]
HRS Receives Grant Extensions For RedBud Village Project
Highlands Residential Services has received two key grant extensions from the Tennessee Housing Development Agency to keep the RedBud Village development moving. Highlands Residential Services Executive Director Chris Cassetty said they received 12-month extensions for both grants that totaled an estimated $4 million. Though receiving the extensions was crucial, Cassetty said there is still more […]
HRS Requesting Extensions On RedBud Village Project
Highlands Residential Services is requesting financial extensions for the RedBud Village Project, a 20-unit development designed to assist those who are homeless. Highlands Residential Services Executive Director Chris Cassetty said HRS has two grants from the Tennessee Housing Development Agency (THDA) totaling an estimated $4 million that are set to expire this year. Cassetty said […]
HRS Closing Funding Gap On RedBud Village Project
Highlands Residential Services Board of Directors learned that the funding gap on the RedBud Village Development will now be covered by a grant. Highlands Residential Services was left with an estimated $750,000 – $1 million gap after bids for the project came in higher than expected. Highlands Residential Services Executive Director Chris Cassetty said he […]
HRS Optimistic For Additional Funding For Redbud Village
Highlands Residential Services Board of Directors said they are optimistic after learning that additional funding could be acquired for the Redbud Village Project. Redbud Village is a 20-unit housing development on Buffalo Valley Road that will serve homeless populations. Executive Director Chris Cassetty said the board is currently completing a federal home loan bank grant […]
Planning Commission Approves New 12-Lot Subdivision
The Cookeville Planning Commission recently approved the preliminary plat for a new twelve-lot subdivision on South Maple Avenue.
Redbud Village Bid Comes In As Expected
Bids for Highland Residential Services’ latest development Redbud Village came in as expected at Tuesday’s bid opening. Executive Director Dow Harris said the project is budgeted to come in at or below $4 million for all twenty housing units. Harris said there will be ten units with one bedroom and ten units with two bedrooms. […]
Cookeville To Contribute $250K To HRS Redbud Village Proposed Housing
The City of Cookeville will vote to aid Highlands Residential Services with its proposed housing project with a $250,000 contribution. Highlands Director of Operations Chris Cassetty said Redbud Village is projected to be a 20-unit development geared towards victims of domestic violence or those at risk of homelessness. He said the city’s contribution will supplement […]
