News Release
Release No.STELPRD4013979
ContactDavid Glasgow615-783-1300
Josh Clendenen615-783-1300
RIDGEWAY APARTMENTS BRINGS NEW ENERGY TO OLDER FACILITIES IN MADISONVILLE
Ridgeway Apartments, LTD, USDA Rural Development and the Tennessee Housing Development Agency (THDA) today celebrated the completion of an array of new energy efficiency upgrades and other renovations at Ridgeway Apartments in Madisonville.
MADISONVILLE Tenn., Aug 18, 2011 --

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As any building ages it reaches a point where routine maintenance is no longer enough. For older apartments a little investment can also translate into a lot of savings on utility bills for residents.

Ridgeway Apartments, LTD, USDA Rural Development and the Tennessee Housing Development Agency (THDA) today celebrated the completion of an array of new energy efficiency upgrades and other renovations at Ridgeway Apartments in Madisonville. The improvements were financed with an affordable housing loan through USDA and a grant from THDA.

Each of the 24 apartments is now equipped with new energy star rated windows, energy efficient appliances, water heaters and heating and air conditioning units. Other improvements include new carpet, floor coverings, cabinets and bathroom fixtures. The community rooms were also updated for the benefit of all residents.

"It's hard to find safe, affordable housing near work, school, healthcare and community activities," said RD Area Director Jerry Amonett. "Ridgeway Apartments has always done a great job of marshalling resources to make needed accessibility improvements and upgrades to rural apartments. Now they're even helping reduce energy consumption, which is good for renters and for the environment."

For information on Ridgeway Apartments contact The Hallmark Company, LLC, at 6210 Dayton Blvd., Suite A, Hixson, TN 37343, 423-779-1339. Information on other affordable apartments available in rural Tennessee is available at www.rurdev.usda.gov/TN-Individuals.html.

USDA Rural Development invests in jobs, infrastructure, homeownership and affordable rental housing in rural communities. During the last two years the agency assisted more than 1.5 million Tennessee families and businesses, investing more than $1.3 billion through affordable loans, loan guarantees and grants.

For more information on USDA Rural Development programs available in East Tennessee contact the Rural Development Area Office in Knoxville at 865-523-3338, ext. 4, toll free at 1-800-342-3149 ext. 1491 or visit us at www.rurdev.usda.gov/tn.

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