Fourmidable Opens Three New Affordable Multifamily Communities in Tennessee and Mississippi

BINGHAM FARMS, MI - FOURMIDABLE, a diversified, national real estate management company specializing in the management of tax credit, public housing, senior, market rate and condominium communities, has opened three new communities; one in Tennessee and two in Mississippi, adding to its inventory of affordable housing in each of the states.

Turnrow, located in Somerville, Tenn., is a 56-unit community featuring luxury two- and three-bedroom floor plans that include modern kitchens and in-unit washers and dryers.  Turnrow also features a community fitness center, clubhouse, community business center and swimming pool, as well as free Wi-Fi for all units.

Turnrow was financed in part through federal tax credits awarded by the Tennessee Housing Development Authority as part of the Low-Income Housing Tax Credit program. The general contractor was Bacar Construction out of Nashville, Tenn.

Tall Oaks is an 80-unit community located in Verona, Miss., and Fountain Square, a 48-unit community, is located in Columbus, Miss. Both communities feature spacious three bedroom, two-and-a-half bath floor plans that include modern kitchens, in-unit washers and dryers and two-car garage. As with the Tennessee community, they also showcase a clubhouse with a business center and free Wi-Fi for all units. Both of these communities offer preferences and specials to the well-deserved veteran community.

Tall Oaks and Fountain Square was financed in part through federal tax credits awarded by the Mississippi Home Corporation as part of the Low-Income Housing Tax Credit program. The general contractor was Winters Construction out of Oxford, Miss.

"FOURMIDABLE has been working with the ownership group of these communities for over 10 years," said Michael Shocker, president of FOURMIDABE. "They make our job as managing agents easier by building upscale communities with luxury amenities. We are so proud to continue providing great affordable apartments to well-deserved people in the states of Tennessee and Mississippi."

FOURMIDABLE currently manages a total of 13 communities throughout Tennessee and eight in Mississippi, plus two additional communities in Mississippi under construction in New Albany and Corinth, with an anticipated opening in mid-2018.

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