With the cutting of a ribbon, work will officially be finished for the $6 million renovation of Kingwood Arms Apartments on McMinnville Highway, a 97-unit affordable rental housing community for seniors 62 and older and adults with disabilities.

The public is invited to an open house and ribbon cutting ceremony at Kingwood Arms Apartments located at 719 McMinnville Hwy. on Friday, July 20 at 11:30 a.m.

Renovations to the property began in late 2016, according to Mike Rodgers, senior vice president, LHP Development, a division of Knoxville-based LHP Capital which owns and manages the property.

“We are thrilled with the renovations and to see the beautiful homes the residents deserve is rewarding,” said Rodgers.  “At a time when affordable housing is scarce, it gives those of us who work in affordable housing great pride and satisfaction knowing we’re making a difference in the lives of so many who struggle to afford decent housing.”

LHP worked closely with the Tennessee Housing Development Agency (THDA) to coordinate and secure the financing to purchase and rehabilitate the much-needed senior housing project.  THDA provided $4 million in tax credits over a 10 year period. 

“By providing the financial resources necessary to renovate these apartments, THDA is not only helping to improve the quality of life for these residents, but we’re also ensuring that the affordability of their homes remains protected for years to come,” said Ralph M. Perrey, executive director, THDA. “LHP Development put together a great renovation plan, and it’s wonderful to see the work completed so beautifully.”

Additionally, financing for the project also included a $9 million Federal Housing Administration 221d4 mortgage originated by Walker & Dunlop LLC and approximately $4 million in Low-Income Housing Tax Credit equity capital that was provided by First Tennessee Housing Corporation in its role as investor limited partner.

Kingwood Arms offers a mix of one- and two-bedroom floor plans and every unit was renovated from top to bottom, according to Rodgers. The extensive renovations included installing new kitchen cabinetry with granite countertops, luxury vinyl plank flooring and new tiled bathrooms with all new fixtures.  Each apartment was also upgraded with new lighting and appliances to include Energy Star refrigerator and range with fire stop suppressors.

The renovation for Kingwood Arms sought to create a new look inside and out, said Margaret Butler, architect in charge of the renovation from Knoxville-based McCarty Holsaple McCarty.  The exterior renovation provided a new brick base and incorporated matching vertical accent panels at the unit windows, breaking down the large simple facades. The entry canopy was rebuilt, a new entry sign and exterior lighting was provided and ADA accessible parking spaces and walkways are now conveniently accommodated, Butler said.

“In the interior design, we used bold and bright colors as a design element for wayfinding,” Butler said, “and to add visual depth and interest to the common areas and interior hallways.”

The community room received a total makeover complete with a renovation of the kitchen featuring granite counters and stainless-steel appliances and addition of a big screen TV.   Other areas remodeled and updated with new furnishings include the leasing office, fitness room and beauty salon. 

A service coordinator’s office and computer stations were added and provide the residents with easier access to information. The role of the service coordinator is to assess and connect residents with any community resource they may need to live a healthy, happy life.

Home Sweet Renovated Home is the theme for the July 20 event which will officially mark the completion of the renovation. For more information, visit www.lhp.net