{"id":94,"date":"2019-05-01T18:17:00","date_gmt":"2019-05-01T18:17:00","guid":{"rendered":"http:\/\/www.alcomgt.com\/blog\/?p=94"},"modified":"2021-07-20T14:38:29","modified_gmt":"2021-07-20T14:38:29","slug":"greenwood-apartments-in-horse-cave-undergoing-renovation","status":"publish","type":"post","link":"https:\/\/www.alcomgt.com\/blog\/2019\/05\/01\/greenwood-apartments-in-horse-cave-undergoing-renovation\/","title":{"rendered":"Greenwood Apartments in Horse Cave undergoing renovation"},"content":{"rendered":"<ul class=\"list-inline\" style=\"box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; list-style-image: none; list-style-position: outside; list-style-type: none; margin-bottom: 10px; margin-left: -5px; margin-top: 0px; orphans: 2; padding-left: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<li style=\"box-sizing: border-box; display: inline-block; padding-left: 5px; padding-right: 5px;\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/cdngeneral.rentcafe.com\/\/dmslivecafe\/UploadedImages\/dd6aed81-2fc6-4a13-9e23-49397b4872d3.jpg\" style=\"width: 400px; height: 265px;\" \/><\/li>\n<\/ul>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">A more than $5 million renovation project of the Greenwood Apartments in Horse Cave is currently underway.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">The renovation is being done by ALCO Management, a multifamily Memphis, Tennessee-based housing company.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">The two-story brick complex was built in 1981 and Berkeley Burbank, vice president of development for ALCO, said it was just time to renovate the complex. The company has been involved with the management of the complex since 2000.<\/p>\n<div class=\"tncms-region hidden-print\" id=\"tncms-region-article_instory_top\" style=\"box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&nbsp;<\/div>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&ldquo;We&#39;re excited about being able to continue good quality, decent housing for those folks in Horse Cave,&rdquo; he said.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">According to an ALCO press release, with the help of Section 8 and Low-Income Housing Tax Credit programs, all 56 apartments that make up the complex are reserved for families earning under 60 percent of the area median income.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">For two decades, ALCO has been active in using the Low-Income Housing Tax Credit Program to develop affordable housing. The housing company has used tax credits in conjunction with tax-exempt bonds and other affordable housing mechanisms in Arkansas, Kentucky, North Carolina and Tennessee to acquire and renovate 33 properties totaling to more than 3,800 units, the press release said.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">The rent the complex&#39;s residents pay will not be effected by the renovation project, Burbank said.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">Upgrades to the complex call for new windows, doors and roofs; new kitchens, new bathrooms and the installation of washers and dryers; new energy efficient heating and air conditioning systems, plus new insulation, to reduce utility bills; and improvements to the complex&#39;s community room and playground areas. The work is expected to be complete by the fall, the press release said.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">In the past, the complex has had a laundry area, but with the renovation project each apartment will have its own washer and dryer.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&ldquo;That&#39;s a really nice upgrade for the families living there,&rdquo; Burbank said.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">Horse Cave Mayor Randall Curry has talked with some of the complex&#39;s residents about the renovation project.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&ldquo;They are very elated that the renovations are being done,&rdquo; he said.<\/p>\n<div class=\"tncms-region hidden-print\" id=\"tncms-region-article_instory_middle\" style=\"box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&nbsp;<\/div>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">The renovation of the complex is something that has probably been needed for some time, Curry said.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&ldquo;This company really saw the needs for the patrons,&rdquo; he said, adding that what is being done at the complex will be value-added to what is already taking place in Horse Cave.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">Key partnerships in the renovation include MMH Hall Architects\/Planners, Inc.; Financial Federal Bank, National Capital Investment, LLC; Ohio Capital Corporation for Housing and Kentucky Housing Corporation.<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">&ldquo;We believe it&#39;s important to preserve affordable housing for the generations to come,&rdquo; said ALCO CEO Frank Jemison in the press release. &ldquo;Building community is our core value, and we&#39;re achieving success with our renovation endeavors across the Southeast.&rdquo;<\/p>\n<p style=\"box-sizing: border-box; color: rgb(68, 68, 68); font-family: &quot;franklinitcprolight&quot;,&quot;helvetica neue light&quot;,&quot;helvetica neue&quot;,helvetica,roboto,arial,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 27px; margin-bottom: 24px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">ALCO guides a portfolio of more than 6,000 affordable and conventional apartments.<\/p>\n<p>&nbsp;<\/p>\n<ul class=\"list-inline\" style=\"box-sizing: border-box; color: rgb(51, 51, 51); font-family: sans-serif,Arial,Verdana,&quot;trebuchet ms&quot;; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; list-style-image: none; list-style-position: outside; list-style-type: none; margin-bottom: 10px; margin-left: -5px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 40px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<li style=\"box-sizing: border-box; display: inline-block; padding-left: 5px; padding-right: 5px;\"><span class=\"tnt-byline asset-byline\" data-original-title=\"\" id=\"author-popup-de52a130-0ba2-11e4-9589-0019bb2963f4-asset-12713553-d583-5c76-b698-ca8da7931a50\" itemprop=\"author\" rel=\"popover\" style=\"box-sizing: border-box;\" title=\"\"><a style=\"color: rgb(7, 130, 193);\" href=\"https:\/\/www.glasgowdailytimes.com\/news\/local_news\/greenwood-apartments-in-horse-cave-undergoing-renovation\/article_12713553-d583-5c76-b698-ca8da7931a50.html\" data-cke-saved-href=\"https:\/\/www.glasgowdailytimes.com\/news\/local_news\/greenwood-apartments-in-horse-cave-undergoing-renovation\/article_12713553-d583-5c76-b698-ca8da7931a50.html\"><a href=\"https:\/\/www.glasgowdailytimes.com\/news\/local_news\/greenwood-apartments-in-horse-cave-undergoing-renovation\/article_12713553-d583-5c76-b698-ca8da7931a50.html\">From GlasgowDaily Times<\/a><\/a> <\/span>&#8211; by <span class=\"tnt-byline asset-byline\" data-original-title=\"\" itemprop=\"author\" rel=\"popover\" style=\"box-sizing: border-box;\" title=\"\">GINA KINSLOW gkinslow@glasgowdailytimes.com&nbsp;<\/span><\/li>\n<li style=\"box-sizing: border-box; display: inline-block; padding-left: 5px; padding-right: 5px;\"><time class=\"tnt-date asset-date text-muted\" datetime=\"2019-04-04T17:23:00-05:00\" style=\"box-sizing: border-box; color: rgb(119, 119, 119);\">Apr 4, 2019<\/time><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A more than $5 million renovation project of the Greenwood Apartments in Horse Cave is currently underway. The renovation is being done by ALCO Management, a multifamily Memphis, Tennessee-based housing company. The two-story brick complex was built in 1981 and Berkeley Burbank, vice president of development for ALCO, said it was just time to renovate&hellip; <\/p>\n<p><a href=\"https:\/\/www.alcomgt.com\/blog\/2019\/05\/01\/greenwood-apartments-in-horse-cave-undergoing-renovation\/\" class=\"btn btn-primary\">Read More <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":12613,"featured_media":91,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[7,4,13,10],"class_list":["post-94","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apartments","tag-greenwood-apartments","tag-horse-cave","tag-renovation"],"metadata":{"_pingme":["1","1"],"_encloseme":["1","1"],"_yoast_wpseo_title":["Greenwood Apartments in Horse Cave undergoing renovation"],"_yoast_wpseo_metadesc":["Greenwood Apartments in Horse Cave are currently being renovated. The project calls for exterior, as well as interior improvements and is expected to be completed by the fall."],"_yoast_wpseo_metakeywords":["Greenwood apartments, apartments, renovation, Horse Cave"],"_thumbnail_id":["91"]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Greenwood Apartments in Horse Cave undergoing renovation<\/title>\n<meta name=\"description\" content=\"Greenwood Apartments in Horse Cave are currently being renovated. 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