FOURMIDABLE Opens 3 Communities in TN, MS
- Oct 12, 2017
FOURMIDABLE has opened three new communities: Turnrow in Somerville, Tenn., Tall Oaks in Verona, Miss. and Fountain Square in Columbus, Miss., adding to its affordable housing portfolio in each state.
“FOURMIDABLE has been working with the ownership group of these communities for over 10 years,” said Michael Shocker, president of FOURMIDABLE. “They make our job as managing agents easier by building upscale communities with luxury amenities. We are so proud to continue providing great affordable apartments to well-deserved people in the states of Tennessee and Mississippi.”
Located at 502 Jernigan Drive, Turnrow features 56 two- and three-bedroom floorplans ranging from 934 to 1,228 square feet. Interior features include central air conditioning, washer/dryers, balcony/patios and ceiling fans. Residents have access to amenities such as a business center, clubhouse, fitness center, outdoor pool and free Wi-Fi. Turnrow was financed in part through federal tax credits awarded by the Tennessee Housing Development Authority as part of the Low-Income Housing Tax Credit program. The general contractor was Bacar Construction.
Situated at 100 Tall Oaks Ave., Tall Oaks offers 80 three-bedroom apartments at 1,386 square feet. Interior features include vinyl plank flooring, walk-in closets, central air conditioning, washer/dryers, ceiling fans, balcony/patios and two-car garages. Common area amenities include resident social activities, fully-landscaped yards, walking trails, business center, clubhouse, garages and free Wi-Fi. The 48-unit Fountain Square, located at 80 Suffolk Drive, also features three-bedroom apartments at 1,386 square feet. Interior features and community amenities are the same as Tall Oaks. Both communities were financed in part through federal tax credits awarded by the Mississippi Home Corp. as part of the Low-Income Housing Tax Credit program. The general contractor was Winters Construction.
The company currently manages 13 communities throughout Tennessee and eight in Mississippi, plus two additional communities in Mississippi under construction in New Albany and Corinth, expected to open in mid-2018.
Image courtesy of FOURMIDABLE