Tysons, Virginia, May 22, 2023:   SCG Development, a national affordable housing developer, is pleased to announce the closing of Ovata at Reedy Creek, located in Charlotte, NC.

The new construction project will feature 78 units for Senior (55+) tenancy and is being developed in partnership with SCG Development and Graycliff Affordable Housing. The development will be composed of 40 one-bedroom apartments and 38 two-bedroom apartments designated for tenants at 30%, 50%, 60%, and 70% of area median income with an anticipated delivery during the summer of 2024