Apr. 17, 2025
DGA Residential, along with community leaders and partners, officially cut the ribbon April 17 to commemorate the opening of Riverside at Holston, a 96-unit affordable housing community across from Holston River Park.
The Holston Hills development featuring two- and three-bedroom apartments offers a protected view of the park and amenities comparable to market-rate developments, including a clubhouse, playground, business center, fitness center and on-site management.
“We are excited to see this development come to fruition and are proud to offer not just an affordable place to live, but also a genuinely nice place to call home in Knoxville,” said Craig Cobb, vice president of affordable housing for DGA. “All of our units are ENERGY STAR Certified and offer quality finishes and modern amenities.”
Riverside at Holston includes five ADA accessible units among the 48 two-bedroom and 48 three-bedroom apartments. The property welcomes qualified applicants with incomes up to 80 percent of Area Median Income (AMI). In Knoxville, that’s about $64,000 for a family of two and up to $86,000 for a family of five.
The City of Knoxville invested $750,000 toward the development through its Affordable Rental Development Fund.
“We know that housing, and especially affordable housing, is a critical need in our community, and we are committed to addressing that by supporting these opportunities,” Knoxville Mayor Indya Kincannon said. “These 96 units will go a long way to meet that demand while also offering a great location across from Holston River Park.”
Riverside at Holston accepts tenants with vouchers including Project-Based Vouchers (PBVs) and Section 8 Housing Choice Vouchers (HCVs). Interested applicants can inquire through Knoxville’s Community Development Corporation (KCDC) or DGA Residential. Additional information about eligibility and applications can be found at riella.us.
Support for the development includes partnerships with the City of Knoxville, KCDC, SouthEast Bank and Walker & Dunlop.
Founded in 2020, DGA Residential is a brand of Knoxville-based Dominion. It focuses on the development of affordable housing properties across the southeast through acquisition and new construction.
In the Knoxville area, DGA Residential in 2023 opened Lakeview at Westland, a 72-unit affordable housing development in West Knoxville. Currently under construction are two other local properties, the 47-unit Bluegrass Landing in West Knoxville and the 184-unit Grosvenor Square in North Knoxville. Both developments are expected to open this summer. DGA also will break ground on 84 units in Hardin Valley in May and another 121 units on Fifth Avenue in September.
For more information about DGA Residential, visit riella.us.
About DGA Residential
DGA Residential LLC is an affordable housing development and management company focused on the construction, acquisition, rehabilitation and management of apartment communities. DGA is a division of Dominion, a company that started out of a passion to positively affect the community through real estate development. Dominion currently owns 59 properties across the southeast, including 17 senior living communities, 25 market rate communities and 17 affordable housing communities. DGA Residential serves as the platform for both current and future affordable housing endeavors and seeks to create a unique experience for both residents and employees, providing superior housing and establishing a sense of community in which residents are proud to live.
