Greystone Affordable Development, a firm known for its preservation work, has broken ground on its first new construction project.
The company, in partnership with Weaver-Kirkland Development, is building a 70-unit affordable housing property for seniors earning between 40% and 60% of the area median income in Hudson, North Carolina. Kirkwood Grove Apartments is the first of several affordable housing developments planned in the state by the joint venture over the next few years.
Read more in Affordable Housing Finance.