Spartanburg City News

At their last meeting, Spartanburg City Council gave approval to a property sale that could pave the way for Downtown Spartanburg's first-ever apartment development composed of entirely affordable units.   Located adjacent to the Kennedy Street parking garage on the corner of Kennedy and S Converse streets, the 2.6 acre site will be sold to developer Blue Wall RE LLC for $4,500, well below market value, in the hopes that the developer will be able to secure state Low Income Housing Tax Credits (LIHTC) to construct the project's planned 55 units. If successful, the units would be leased to those making no more than 80 percent of area median income. Specifics on the envisioned unit mix and income levels is as follows.   • 17 studio apartments. Maximum household income for any unit of this type would be approximately $43,520 (equal to a person working full time at $20.92 per hour). The average household income for these 17 units must be at or below approximately $31,500 (equal to a person working full time at $1