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Deal Closing – Albemarle Landing

By |2022-04-18T13:59:25-04:00April 18th, 2022|Uncategorized|

Charlotte, NC –South Creek Development, in conjunction with our Partner, Hill Tide Partners, is excited to announce the closing and construction start of Albemarle Landing. Albemarle Landing will be a 128-unit family development located at 5800 Albemarle Road in Charlotte, North Carolina (across from the old Eastland Mall site).   The development is scheduled to be

South Carolina Tax Credit Award

By |2021-01-07T14:31:55-05:00January 7th, 2021|Uncategorized|

November 13, 2020 – South Creek Development is pleased to announce the award of tax credits to fund the development of Westview Terrace in Spartanburg, South Carolina.  Westview Terrace will include 48 units and has an estimated development cost of $9.4 million.  The development will offer 2 and 3 bedroom units and site amenities will

South Creek Development Secures 2020 Financing for Multiple Developments in North Carolina

By |2020-08-30T16:33:43-04:00August 30th, 2020|Uncategorized|

August 30, 2020-South Creek Development is pleased to announce that the North Carolina Housing Finance Agency (NCHFA) has awarded South Creek with tax credits for 4 developments:  Pegram Landing II, Woodfield Landing, Albemarle Landing, and Rock Quarry Landing.   With a total development cost of more than $83 million, these four developments will add a total

South Creek Development Awarded Virginia Tax Credits

By |2020-08-30T16:30:01-04:00June 23rd, 2020|Uncategorized|

June 23, 2020 –South Creek Development is pleased to announce the award of tax credits to fund two developments in Virginia.  Oak Terrace, located in Suffolk with a development cost of just over $23 million, will include 120 units.  Situated in Staunton, Goose Creek Crossing will comprise of 116 units and has an estimated development

Pegram Landing Construction Completed!

By |2020-07-27T12:20:06-04:00June 18th, 2020|Uncategorized|

LEWISVILLE, NC -  South Creek Development is excited to announce the completion of Pegram Landing, a 60-unit family development spread across five residential buildings.  Pegram Landing is located 10 miles west of Winston-Salem, NC and will provide homes for individuals and families earning between 30% and 60% of the Area Median Income. WeaverCooke Construction was

South Creek Development Names Andy Schryver as Partner

By |2019-01-22T10:06:35-05:00January 18th, 2019|Uncategorized|

Andy Schryver has been named a partner at South Creek Development, where he will evaluate new development opportunities and assist with closings. Prior to joining South Creek, Schryver served as the Director of Development for Humanities Foundation, a nonprofit LIHTC developer based in Charleston, SC.   Andy has more than 14 years of real estate acquisition

South Creek Development Project Awarded $8.5M in LIHTCs from North Carolina Housing Finance Agency

By |2018-08-30T12:05:22-04:00July 31st, 2017|Uncategorized|

August 30, 2018 – South Creek Development is pleased to announce the proposed Woodfield Cove project in Havelock, NC has been awarded $8,592,000 in Low Income Housing Tax Credits from the North Carolina Housing Finance Agency. The project will consist of 72 units consisting of 12 one-bedroom/one-bath units, 36 two-bedroom/one-bath units, and 24 three-bedroom/1.75-bath units. This will

$6.84M in LIHTCs awarded for project in Lewisville, NC

By |2018-08-30T12:12:21-04:00July 1st, 2017|Uncategorized|

August 30, 2018 –South Creek Development is pleased to announce that the proposed Village Crossing project has been awarded $6,840,000 in Low Income Housing Tax Credits from the North Carolina Housing Finance Agency. The project will consist of 60 units; there will be nine one-bedroom/one-bath units, 30 two-bedroom/one-bath units, and 21 three-bedroom/1.75-bath units. The units

Hendersonville, NC project awarded $8.3M in LIHTCs

By |2018-08-30T12:15:24-04:00July 1st, 2017|Uncategorized|

August 30, 2018 –South Creek Development is pleased to announce that the proposed Oklawaha Village project, submitted for funding by Housing Assistance Corporation, has been awarded $8,300,000 in Low Income Housing Tax Credits from the North Carolina Housing Finance Agency. South Creek served as a development consultant on the transaction. The project will consist of