Gallatin, TN (PRWEB) October 24, 2012
Miller-Valentine Group worked with RBC Capital Markets, Bank of America, the Tennessee Housing Development Agency (THDA), and the City of Gallatin to bring this amazing project to fruition. Gallatin Park Apartments has the look and feel of a luxury apartment community, but provides these spacious garden-style homes at very affordable rates. The affordable rents were made possible through an efficient financing package, which included Section 42 Housing Tax Credits and subordinated financing from the THDA.
Gallatin Park Apartments has already boosted the local economy by providing approximately $3.8 million in income for the local economy. This includes wages for workers and revenue for local proprietors, small businesses, and corporations. In addition, Gallatin Park Apartments will generate approximately $400,000 in taxes and other income to the local government and has created 59 new jobs.
Dave Liette, President of Miller-Valentine Residential Development, said that the company is excited to bring 48 quality workforce apartment homes marketable to moderate income families in the expanding economy of Gallatin. Liette explained, “Gallatin Park Apartments allows the growing businesses in the Gallatin market to have local affordable housing options for their valued employees. We are enthusiastic and privileged to serve the families in and around the City of Gallatin and prove to them that our passion is to positively impact their lives.”
For more information about the grand opening or Gallatin Park Apartments, please call 1-800-329-RENT (7368), email us at yournextplacetolive (at) mvg (dot) com, or visit YourNextPlacetoLive.com.
About Miller-Valentine Group
Since our founding in 1963, Miller-Valentine Group has been dedicated to quality, value and service. Our vertically intergraded companies offer total real estate solutions in the areas of Design/Build Construction, Development, Management, and Financing for both residential and commercial markets. They also provide Renovation, Brokerage, and Leasing services for commercial markets. All of Miller-Valentine Group's divisions have combined to provide customers with more than 11,000 residential housing units and over 50 million square feet of commercial space.
Miller-Valentine Group develops real estate in the Midwest, Southeast, and Southwest regions of the country, with offices in Dayton and Cincinnati, Ohio, Columbia and Charleston, South Carolina, and Ft. Worth, Texas. As an industry leader they offer a wide range of residential products, including multi-family, single family, military housing, active adult, independent and assisted living, as well as skilled nursing communities. The company also offers a vast array of commercial products, including office, retail, lodging, healthcare, manufacturing and distribution facilities.