Rock Hill, South Carolina, October 18, 2025
News Summary
Tartan Residential has obtained $32.3 million in construction financing for the Johnston Farms development in Rock Hill, SC. This 120-unit workforce housing project aims to cater to renters earning between 50% and 80% of the Area Median Income, with plans to provide long-term affordability and support for combat-disabled veterans. The development is expected to open in 2027, featuring multiple amenities, including a community center and residential units with energy-efficient amenities.
Rock Hill, South Carolina – Tartan Residential has secured $32.3 million in construction financing for the Johnston Farms development, set to provide much-needed workforce housing in the area. The financing includes a $23.5 million HUD construction loan and $8.8 million in joint venture equity, and the project is expected to open its doors in the second quarter of 2027.
The Johnston Farms development will feature 120 units specifically designed for workers. This community will cater to renters earning between 50% and 80% of the Area Median Income. The plans include a combination of 72 two-bedroom units and 48 three-bedroom apartments. Most of the residences will be income-restricted through a 99-year Land Use Restriction Agreement, ensuring long-term affordability.
This initiative, which began in 2020 with the approval of rezoning requests for two workforce housing developments by local authorities, emphasizes the ongoing efforts to address housing shortages in the region. In 2022, the project received a significant boost when the Local Initiatives Support Corporation awarded it a $1.27 million predevelopment loan.
The development site spans 24 acres at the corner of Anderson and Princeton Road in Rock Hill, located just 28 miles south of Charlotte. Johnston Farms will consist of five three-story buildings. The project will also reserve 10% of the apartments for combat-disabled veterans, further supporting the local community.
Tartan Residential has enlisted BCCM as the general contractor for the project and UES Consulting Services will handle engineering and environmental consulting. Each apartment will feature energy-efficient amenities, including a mini split HVAC system, LED lighting, water heaters, and low-flow plumbing fixtures.
A substantial component of Johnston Farms is its commitment to community engagement. Plans include a 2,100-square-foot community center equipped with a library, exercise room, resident office space, and computer lab. Additional amenities will feature a playground, walking trails, and an on-site dog park.
The project is positioned strategically near York Technical College, creating opportunities for residents to pursue educational advancements. It is also near several points of interest such as the Northside Recreation Center and Strikers Family SportsCenter, promoting an active lifestyle.
The housing market in the Charlotte metro area has seen rapid growth, with 8,337 housing units added in the first half of 2025. The occupancy rate in the city currently stands at 93.8%, and nearly 10,000 new units are expected to be developed by the end of 2025, setting a record for housing deliveries since 2017.
Key Features of Johnston Farms Development
| Feature | Details |
|---|---|
| Financing Amount | $32.3 million |
| Total Units | 120 workforce housing units |
| Expected Opening | Second quarter of 2027 |
| Building Configuration | Five three-story buildings |
| Affordable Income Range | 50% to 80% of Area Median Income |
| Community Center Size | 2,100 square feet |
| Reserved for Veterans | 10% of apartments |
FAQs
What is Johnston Farms?
Johnston Farms is a 120-unit workforce housing development located in Rock Hill, South Carolina.
How much financing did Tartan Residential secure for Johnston Farms?
Tartan Residential secured $32.3 million in construction financing for the Johnston Farms development.
When is the Johnston Farms development expected to open?
The development is expected to open in the second quarter of 2027.
What percentage of units at Johnston Farms will be reserved for combat-disabled veterans?
10% of the apartments will be reserved for combat-disabled veterans.
What types of amenities will the Johnston Farms development offer?
A 2,100-square-foot community center, playground, walking trails, and an on-site dog park will be included.
Deeper Dive: News & Info About This Topic
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Additional Resources
- Multi Housing News: South Carolina Workforce Housing Sees $32M in Financing
- WSOC TV: Two Workforce Housing Projects Planned in Rock Hill
- JSON Line: What to Know About a Disputed Milwaukee Affordable Apartment Project
- Wikipedia: Affordable Housing
- Turn to 10: Eminent Domain Property in Johnston, Rhode Island
- Google Search: Affordable Housing Projects
Author: STAFF HERE ROCK HILL
The ROCK HILL STAFF WRITER represents the experienced team at HERERockHill.com, your go-to source for actionable local news and information in Rock Hill, York County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Come-See-Me Festival, Rock Hill Arts Festival, and motorsport events at the Rock Hill Velodrome. Our coverage extends to key organizations like the Rock Hill Chamber of Commerce and the Culture & Heritage Museums, plus leading businesses in manufacturing and technology that power the local economy such as 3D Systems and Comporium. As part of the broader HERE network, including HEREAiken.com, HEREBeaufort.com, HEREChapin.com, HERECharleston.com, HEREClinton.com, HEREColumbia.com, HEREGeorgetown.com, HEREGreenwood.com, HEREGreenville.com, HEREHiltonHead.com, HEREIrmo.com, HEREMyrtleBeach.com, HERENewberry.com, HERERockHill.com, and HERESpartanburg.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
