Archive for the ‘Under Construction’ Category

MARY ESTHER, Fla. (WEAR) — It was a groundbreaking day for what is a groundbreaking project in Northwest Florida. It will be a mix of old and new, with the goal of providing housing and resurrecting a decades-old building. Like many brick and mortar stores, the Santa Rosa Mall in Mary Esther has seen better […]

The 116-apartment development will have 78 units earmarked for families earning 60 percent of the area median income or less Click here to read the full article

Northwest Georgia Housing Authority officials agreed to a Memorandum of Understanding with Atlanta-based developer Rea Ventures for a partnership to develop new low-income housing in East Rome. Click here to read the full article

These exceptional EarthCraft projects have achieved high levels of performance in their respective programs: Earthcraft Communities: Rea Ventures and Great Southern for their project at Oliver Place Apartments in Perry, Georgia. The community is a successful example of new urban design, promoting open natural space and effective stormwater management.

Development is expected to create up to 118 affordable housing rental apartments providing up to 3 bedroom living options for families ATLANTA – Atlanta BeltLine, Inc. (ABI) has selected Rea Ventures Group, LLC as the developer for second phase of lofts at Reynoldstown Crossing. The decision was announced after a special call meeting of the […]

Abbington Commons – Whitewright (September 28, 2015) Whitewright will soon become the home of a new, subsidized, 48-unit apartment community. At the end of July, Whitewright was awarded $5.69 million for the creation of Abbington Commons of Whitewright, a market-rate rent and below-market rent workforce apartment complex. Abbington Commons will have one-bedroom to four-bedroom units. […]

Efficient Solutions for Existing Homes Case Study (April 2016). Rea Ventures Group, LLC, partnered with Southface Energy Institute (Southface), a member of the U.S. Department of Energy’s Partnership for Home Innovation Building America research team, to develop a prescriptive approach for rehabilitating a portfolio of rural multifamily rental properties in Georgia, which was funded by […]

Abbington Junction (October 6, 2015). By Trey Hill. A new multi-family development is on the rise on the southeast side of Emory. Abbington Walk is a 56-unit development which will feature Energy Star appliances, a fi tness center, library and outdoor recreational areas, including a playground. Abbington Walk is a joint development owned by Rea […]

Abbington Hill – Brownsboro (October 1, 2015) On July 30, 2015, State officials awarded a $7.25 million investment to construct a new apartment community in the City of Brownsboro. The new community, named Abbington Hill of Brownsboro, will consist of 56 units of both market-rate rent and below-market rent for workforce housing. Based on the […]

Abbington Vista – Henrietta (September 29, 2015) Henrietta is in line to get a new apartment complex for lower income tenants. State officials awarded a $5.46 million investment to construct Abbington Vista, a 48-unit complex for both market-rate rent and below-market rent, according to Rea Ventures Group, LLC, of Atlanta, Georgia. “Market research of existing […]

Insurance News.net (December 12, 2014). Churchill Stateside Group (“CSG”), a real estate financial services company serving developers and investors in the multifamily housing, renewable energy and entertainment tax credit industries, today announced the closing of a $71.16 million affordable housing transaction. The rural housing portfolio consists of 20 affordable housing properties located throughout the state […]

Anson Record (August 22, 2014). By Abby Cavenaugh. Abbington Grove of Wadesboro, a planned multi-family apartment complex, was one of the recipients of federal tax credits from the North Carolina Housing Finance Agency. The agency announced Aug. 19 the award of federal tax credits and other financing to build $423 million of affordable apartments in […]

Winston-Salem Journal. by Richard Craver. Published August 19, 2014. Three Forsyth County apartment complexes have qualified for federal tax credits and other financing, the N.C. Housing Finances Agency said Tuesday. Abbington Gardens in Winston-Salem will receive the largest amount in Forsyth at $767,200 for 96 new family units by KRP Investments LLC. Friar Woods Apartments […]

Excerpt from News 12 (published September 4, 2014) Your browser does not support the video tag. POTTSBORO, TX — The opening of State Highway 289 was a catalyst for development in Pottsboro. Now, city officials are hoping a new apartment complex will attract more people to town. City manager, Kevin Farley, says right now, housing […]

The Greater Atlanta Homebuilders Association and Southface Energy Institute have selected Rea Ventures Group and its project team as the 2013 EarthCraft Communities Project Team of the Year. This award was based on its work on the EarthCraft Community certified developments of Goshen Crossing in Rincon, GA and Fern Point in Toccoa, GA. The project […]

Excerpt from News 12 (published and aired September 25, 2013) HOWE, TX — New homes and more jobs are on the way for the city of Howe thanks to millions in funding from the state. Victoria Maranan tells us why Howe was chosen and when the new development will break ground. Joy McBride has lived […]

Excerpt from Herald Democrat. Published September 23, 2013 OWE — State officials recently announced a $5 million investment to construct new apartment homes in Howe. The community, named Abbington Meadows of Howe, will create units at both market-rate and below-market workforce housing. “The city council and I are very excited about Abbington Meadows coming to […]

Excerpt from StarNews Online. Published August 25, 2013. 2 Apartment Projects Receive Federal Tax Credits “Proposed subsidized apartment projects in Wilmington and Southport have received federal tax credits, an important step toward their construction as early as next year. Lockwood Village Apartments, proposed for 4900 S. College Road, received $540,000 in credits from the N.C. […]

“Does Affordable Housing Cause Nearby Property Values to Decline?” It’s a common scene at a community hearing: local residents lined up behind the microphone waiting to testify about a proposed affordable rental housing development. Some are voicing concerns that the development will decrease property values in their neighborhood. Their concerns are understandable – they want […]

“Construction is expected to be finished in July on 60 energy-efficient, income-limited apartments being built at the northeast corner of Goshen Road and Ga. 21. The $9 million project, called Goshen Crossing, is funded through federal and state tax credits and offers below-market rents, said Bill Rea, general partner/managing member of the developer, Rea Ventures […]