Celia Saxon Revitalization
Columbia, SC

Development:
154 Rental Apartments
93 Single Family Homes

The Columbia Housing Authority (CHA) received a 1999 HOPE VI Revitalization Grant for $26 million to redevelop the Saxon Homes public housing development and the surrounding neighborhood.  The Revitalization plan set forth the total demolition of the 400-unit property and development of 438 single-family and apartment units, about half of which is for sale. A grocery store and small commercial development are also planned for portion of the site.

TCGD served as the master developer for the CHA from May 2002 to May 2004. By 2002 CHA had completed construction of 35 tax credit units and cleared the HOPE VI site. Over the 24 month period TCGD master planned Lower Saxon and Upper Saxon, and contracted the land development of the site infrastructure and secured financing utilizing South Carolina tax credits and HOPE VI funds for 154 rental units. In addition, TCGD developed the homeownership plan and contracted with Mungo Homes to build 93 single family homes on the existing footprint and surrounding in-fill sites acquired by CHA. 

TCGD as master developer for 257 new construction units and site development; created Lower Saxon Rental Phase consisting of 34 public housing units and 39 tax credit  and Upper Saxon Rental Phase consisting of 49 public housing units and 32 tax credit units also split as two sub-phases and financed with public funds and tax credit funds respectively.  The Upper Saxon homeownership phase included 93 Section 32 for-sale units.

Development Team:
TCG Development Services, LLC
Columbia Housing Authority

Financing:
Enterprise Social Investment Corp.
Bank of America
SC State Housing Finance & Development Authority
US Department of Housing and Urban Development
Columbia Housing Authority

Architect/Engineer:
Torti Gallas & Partners
McReary/Snow Architects P.A.
Chao & Associates

Contractors:
Mungo Construction
7 Star Construction
Rodda Construction