Transform Your Home
Kirkpatrick Park: Nashville, TN
Transforming homes to elevate residents' quality of life and community well-being.
Challenge: Reposition and develop 94 homes as part of Nashville Public Housing into vibrant, mixed-income, mixed-use communities.
Solution: Jim Harbison – USM CEO – personally conducted the first six conversions and then supervised the transactions for the remaining 14 AMP’s. Work included all RAD applications, public notifications, and RAD transactions.
Results
As the first step in Envision Cayce, the complete transformation of over 700 aged public housing units into a new mixed income, mixed use community, Kirkpatrick Park was completed as a true mixed income community with 36 townhomes for residents of Low Income, 24 homes for workforce residents and 34 market rate apartments, with residents of varying incomes living side by side in superb new townhomes of equal quality and finishes. Kirkpatrick Park received multiple national awards for design, connectivity, and livability.
Jim Harbison, USM CEO, was the developer and had principal financial accountability of LIHTC developments. In each development, he formed partnerships in syndicating the LIHTC examples listed below:
| Projects: | Description: | Project Value: | Mixed Finance Sources: | Completed and Leased: |
| Explore School (Envision Cayce)
Nashville |
K-8 Charter School – 87,000sqf | $30.4 million | New Market Tax Credits | Aug 2019 |
| Mosley of 6th (Envision Cayce)
Nashville |
96 Units (50 PBRA Mixed Income) | $27.4 million | 9% LIHTC / CITC | Dec 2019 |
| Kirkpatrick Park (Envision Cayce)
Nashville |
94 Units (50PBRA) MI | $26.8 million | HUD 221 (d) 4 MIP | Oct 2019 |
| Peaches Manning Place (Envision Cayce)
Nashville |
101 Mixed income units (45 PBRA) | $34.2 million | 9% LIHTC; CITC | Jun 2020 |
| Randee Rogers (Faircloth to RAD) Nashville | 100 units Mixed income (50 PBRA) | $30 million | 4% LIHTC & Bond | Jul 2021 |
| Red Oak Townes (EC)
Nashville |
44 Mixed income units | $16.5 million | Nashville Metro Grant with conventional debt | Sep 2021 |
| Alexander County Housing Authority, Cairo, Illinois | Capital Needs Assessment Planning, Financing and Grant Writing | $26.4 million | HUD Capital and Competitive Emergency Capital Grants | Work ongoing |