At its July 25 meeting, the Sylva town board voted to extend a conditional use permit to allow KRP Investments to construct up to 60 units of workforce and affordable housing, called the Village Overlook Apartments, along U.S. 23 Business.
KRP had not applied for a building permit in the one-year time period, and an extension was necessary.
The targeted 17-acre tract is located across from Harris Regional Hospital and next to the former Nick and -Nate’s restaurant. Plans call for three, three-story buildings, plus a clubhouse featuring a multi-purpose room, fitness area, computer room and laundry area, set on a subdivided parcel of about 8 acres.
When complete, the project will join a small group of local housing complexes designated for working families.
In 2016, town leaders approved a 54-unit version of this project at the same location; however, the developer failed to receive backing from the N.C. Housing Finance Agency – the group that disperses federal low-income housing tax credits to builders across the state.
After failing again in 2017, KRP Investments adjusted their plans slightly, calling for 60 units.