Mixed-Income Community in Tennessee Sets a High Standard for Redeveloping Distressed Public Housing
Affordable housing is sorely needed throughout the country as part of the ongoing housing affordability crisis. Builders are trying to tackle this crisis through a number of different solutions, including focusing on what's often referred to the "missing middle" of housing to help increase supply and provide consumers with housing options. These include townhomes, condominiums, accessory dwelling units and multifamily developments.
One project that has taken not only providing housing options, but providing affordable housing options, to the next level is this year's Multifamily Pillars of the Industry Awards Community of the Year, Kirkpatrick Park.
Kirkpatrick Park is the first mixed-income development of Envision Cayce, the comprehensive master plan created to transform Nashville’s largest subsidized housing property — Cayce Place — into a mixed-use, mixed-income community. Located within a mile of downtown Nashville's Central Business District, the community comprises nearly 100 units designed to meet a range of affordable housing needs:
- 36 affordable units are for those at or below 60% of AMI for relocating Cayce Place residents,
- 20 workforce units are for those between 60-120% of AMI, and
- 38 are market-rate units with no income restrictions.