Lenoir City
Real Estate
Affordable housing nonprofit cuts ribbon on first new home in years
When Patrick Lane moves into his house in about two months, he’ll have the usual tasks to complete: unboxing his belongings, setting up utilities and changing his address. But the path he took to homeownership might be a little less familiar. Lane’s two-story Morganton Road home is the first to be built by Foothills Community Development Corporation — a Maryville-based affordable housing nonprofit — in about four years. FCDC held a ribbon-cutting ceremony and an open house at the nearly-finished home Wednesday, Aug. 16. ...
Radical change? Housing authority aims to shift public housing funding
For the second time, Maryville Housing Authority is working to adopt a national program that would let it access new funding sources for maintenance projects. An eleven-year-old initiative, Rental Assistance Demonstration, or RAD, conversion would allow the housing authority to shift its property from public housing — a development type usually owned by a government — into Section 8-based contracts. Operating under RAD, which is administered by the U.S. Department of Housing and Urban Development, housing agencies can draw from Section 8 funds to maintain...
Vital at Springbrook welcomes first residents of transformed ALCOA West Plant site
Alcoa’s city center development, Springbrook Farm, is welcoming the first round of new residents on what was once the grounds of ALCOA’s West Plant. Vital at Springbrook opened their doors to an initial 16 move-ins on Thursday. StoneRiver Company, LLC is the property management group working with BlueDog Capital Partners, LLC for the investment. Once construction is complete, Alcoa will have 300 new residences housing anyone from college students to...
Clover Ridge townhome subdivision in Alcoa starting phase two soon
The first phase of a new townhome subdivision is mostly built off Middlesettlements Road in Alcoa, across the street from Second Harvest Food Bank. With the go-ahead from Alcoa Planning Commission on Thursday night, July 20, Turner Homes will be starting the second and final phase soon. Once built, the neighborhood will have 138 townhomes, three houses and a commercial building at the corner of Middlesettlements and Harvest Lane. Stefan...
First phase of 464-unit Pellissippi Lofts soon underway off Old Knoxville Highway
A cow pasture inside Pellissippi Place soon will host a variety of construction equipment. Dates haven’t been announced for work to start on the slab of land cornered by Old Knoxville Highway and Edgewood Acres, but Alcoa Planning Commission signed off Thursday night, July 20, for ground work to begin on the first phase of a large apartment complex. Once the city issues building permits, two apartment buildings, a clubhouse and a pool will start construction as phase one of Pellissippi Lofts. Two more apartment...
Maryville Housing Authority plans 50-75 new affordable apartment units
Officials in Blount County hope to start increasing the supply of affordable local housing. In the next few years, Maryville Housing Authority aims to build between 50 and 75 new units on land the housing agency already owns. The new units would sit on over eight acres located behind the housing authority’s main office on Atlantic Avenue. Maryville Housing Authority Director Julie Sharpe told The Daily Times that the venture...
Unveiling affordable homes in Oak Ridge
Nonprofits and community organizations united Thursday to unveil one of three homes in Oak Ridge's Highland View neighborhood that they have built for first-time homebuyers to purchase. A ribbon cutting and open house was held at one of the homes, located at 106 Waddell Place, that was staged with furniture and other interior design features. ...
80-lot subdivision off Morganton Road gets approval from Blount planning
Developers who hope to build an 80-lot subdivision off Morganton Road in the Greenback area secured approval for their plans Thursday, June 22. Of those 80 lots, 73 will consist of homes, while seven will be shared by homeowners. Documents from Blount County’s development services department show that the houses were designed to sit on 87 acres between Morganton Road and Long View Drive. Those residences will form the Franklin Manor subdivision, with most lot sizes ranging from around .75 of an acre to a...
Alcoa sets new tax rate, reappraisal creates an increase in dues for homeowners
Alcoa Board of Commissioners set the new property tax rate on Friday, June 23, in a called meeting. The new rate is $1.69, lower than last year’s property tax rate of $2.27 because of a countywide property reappraisal. Even though the rate is lower than last year’s, homeowners are likely to see an increase in their property taxes. In reappraisal years, the state calculates what is called a certified tax...
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