Louisville-based LDG development officially broke ground on its latest affordable housing development Ewing Heights. Located in North Nashville, the project marks the 5th project in Nashville and 6th in Tennessee by the developer. Ewing Heights will feature 180 total units with sweeping views of Nashville. The site is located at 334 Ewing Drive.
Ewing Heights has an estimated cost of $79.6 million with a capital stack that includes financing from:
- 4% Low Income Housing Tax Credits (LIHTCs) and tax-exempt bonds from the Tennessee Housing Development Agency. The LIHTCs were syndicated through Berkadia Affordable Housing with RedStone* Tax Exempt Funding providing a private placement bond transaction.
- Amazon’s Housing Equity Fund also awarded $13.5 million to the project.
- LDG also worked closely with MDHA and the city to grant a 10-yr PILOT for the project.
Additionally, LDG secured a 99-year deed restriction that came with the Amazon funding and made a $100,000 donation to Rebuilding Together Nashville to help repair homes for qualified low-income homeowners (typically seniors) in Districts 2 and 3.
“LDG was founded based on me and my long-time business partner, Mark Lechner’s, shared belief that everyone deserves a quality place to live. We are committed to providing housing that residents are proud to call home and an environment in which they can thrive and realize their full potential.”
— Chris Dischinger, Co-principal & Founder
“Ewing Heights is an example of what can be achieved when all stakeholders work together to ensure we have a well- planned development that addresses the needs of current residents and also provides opportunities to new families seeking to relocate to the area”.
—Kyonztè Toombs District 2 Councilmember
According to LDG, the project will create critical housing for families earning between 40-80 percent of the area median income, or up to almost $75,500 for a family of four. Here’s the quick rundown:
334 Ewing Drive
|What’s Now:||Wooded Lot|
|What’s Next:||Multi-family Development|
|Civil:||Catalyst Design Group|
|Residences:||180 Units w/Amenities|
|Parking:||295 Parking Spaces|
Ewing Heights will provide residents with spacious floor plans and a variety of amenities which includes walk-in closets, upgraded countertops and flooring; energy efficient appliances; fitness and business centers, pool and, a dog park. Chris Dischinger, co-principal and founder of LDG noted that the amenities that will be offered at Ewing Heights reflect the company’s commitment to provide amenities that match or exceed those typically found at a market-rate development.
“Housing is an economic development issue and being able to attract a well-trained workforce is dependent on a city’s ability to address the affordable housing shortage,” said Dischinger. “Nashville and its leadership have been steadfast in their support for more affordable housing and developing solutions designed to meet this growing need. Long-term, we believe this will allow Nashville to continue to be a place that businesses thrive, and residents are proud to call home.”
The project consists of 180 two and three-bedroom apartment homes and 10 three and four-bedroom townhomes. The units are situated across 5 garden-style apartment buildings and 10 townhomes. The proposed unit mix includes:
- 85 Garden Style two bedroom units
- 85 Garden Style three bedroom units
- 6 three-bedroom townhomes
- 4 four-bedroom townhomes
The layout of the site will also essentially allow for unobstructed perpetual skyline views from the pool and also features a separate clubhouse. Views looking north are equally great with viewsheds of the trees. The project also includes two new reimagined bus shelters that will showcase the art and history from the community.
Councilmember Toombs continued, “The new housing Ewing Heights will provide, coupled with the transportation and infrastructure improvements—including new and improvement to existing sidewalks; and the addition of two new bus shelters to the area—will help to spur economic development and interest in the area.”
Construction is expected to span over the next 28 months, and the first units are expected to be available by the middle of 2024.
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