The Woodwinds Apartment Homes Redeveloped With JEDA Bond Funding

Posted on October 12, 2022 - News, Success Story

Greenville, SC — Greenville County

Affordable Housing Partners Inc. is using a $18.9 million in Economic Development Revenue Bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to redevelop an affordable workforce apartment complex in Greenville.

The funds will be used to acquire, renovate and equip the 144-unit complex known as The Woodwinds on Montague Road across from Furman University. Extensive improvements also include a clubhouse, swimming pool, playground, and other recreational areas.

“Greenville is a dynamic, growing market with a labor force that has a growing need for the kind of affordable housing that JEDA bond funding is helping us provide. We’re excited to move forward with this project.”
— Bruce Cordingley, President and CEO, Pedcor Companies and Board Chairman, Affordable Housing Partners

“Tax-advantaged bond funding is ideal for high-impact projects like The Woodwinds. We’re honored to take part in the financing process,” said Michael Seezen, Bond Counsel with Burr & Forman LLP (d/b/a Burr Forman McNair) in Columbia.

“We’re pleased to work with Affordable Housing Partners and Pedcor to help provide safe and convenient housing options for more of our workforce here in South Carolina,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.