New Development of Affordable Rental Community will Serve Families in TN

The Need for Affordable Housing

The number of individuals who cannot afford a comfortable and safe place to call home has reached a record high. The National Low Income Housing Coalition reports that there is currently a shortage of more than 7.1 million affordable homes for the nation’s more than 10.9 million extremely low-income households. The burden of this shortage is far-reaching and has a lasting economic and social impact on individuals and communities. The development of affordable housing benefits the economy and helps communities thrive. Research shows that affordable housing encourages social connection, reduces overcrowding, attracts businesses with job opportunities, and lowers crime rates.

Project Overview

Sumner Pointe Apartments

By The Numbers

Sumner Pointe Apartments represents a meaningful investment in the future of families in Sumner County, Tennessee. Located in the growing community of Portland and highly visible from Highway 109, this new construction development brings much-needed, high-quality affordable housing to a market with limited options for larger family units.

Developed by Hall Group II, LLC, Sumner Pointe consists of 64 two- and three-bedroom apartment homes, designed to serve households earning up to 60% of the Area Median Household Income (AMHI). Spread across three walk-up residential buildings, the community will offer generously sized units ranging from 1,273 to 1,473 square feet. These will be the largest affordable units in the Primary Market Area, a distinguishing feature that enhances livability for families and supports strong long-term marketability.

Project Impact

Sumner Pointe is designed to promote both quality and community. All units will feature modern finishes, including updated lighting, cabinetry, windows, doors, and roofs. Each apartment will include washer and dryer hookups, providing convenience for residents. The property will also include a dedicated management building with leasing offices, maintenance space, a community room with a kitchenette, a computer room, and on-site laundry facilities. Outdoor amenities will further enhance residents’ quality of life. Included in these are an enclosed mail kiosk, a picnic pavilion equipped with tables, benches, and a grill, and a playground area designed to serve families with children. The playground was funded in part by one of CAHEC's Partner Grants.

As one of the newest developments in the market area, Sumner Pointe Apartments not only expands the supply of affordable family housing but also raises the standard for design, unit size, and amenities in the region. By combining a prime, visible location with thoughtful planning, modern construction, and experienced leadership, Sumner Pointe will deliver lasting positive impact, providing stable, affordable homes where families can thrive for years to come.

What is LIHTC?

Created by Congress as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (LIHTC) generates private capital investment used to finance the construction and rehabilitation of affordable rental housing for households earning on average 60 percent or less of the area median income. According to the Joint Center for Housing Studies at Harvard University, the housing tax credit is "widely regarded as the most successful housing production and preservation program in the nation's history." Since being enacted, the LIHTC program has helped develop more than 3.5 million affordable housing units.

In addition to providing safe, decent, and affordable housing for working-class families and seniors on limited incomes, the economic impact of the LIHTC program is visible in communities throughout the country. The development of affordable housing increases spending and employment in the local economy. Moreover, affordable housing can affect an employer's ability to attract and retain employees. LIHTC investment plays a significant role in community revitalization, which in turn can improve economic opportunities for local residents.

Who is CAHEC?

CAHEC is a community development organization based in Raleigh, NC, and Columbia, SC, that offers housing and life-changing opportunities to residents throughout its Southeast and Mid-Atlantic footprint. CAHEC's product areas include investing in low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. Additionally, CAHEC provides loan programs, wellness and education initiatives for residents, affordable housing development, and property management services.

This institution is an equal opportunity provider