212 Asbury is a historic preservation project restoring Greenville’s last remaining tourist home listed in The Negro Motorist Green Book. Located in the historic Southern Side neighborhood, the home was operated by W.H. and Hattie Smith from 1939 to 1960 and provided lodging to Black travelers and performers during the Jim Crow era.

The project will restore the property as a historically immersive four-bedroom short-term rental, cultural gathering space, and intimate event venue. The redevelopment also includes a carriage home where Traci Ann Lake, granddaughter of the original owners and current majority owner, will reside.

The approximately $1.78 million redevelopment is being financed through a combination of historic tax credits, charitable grants, and impact investment capital (concessionary loan).

Abundance Capital expects to facilitate more than $1 million in donor-directed funds for the project through a combination of a grant and loan. Abundance Angels are able to participate in either or both.

The current project model assumes patient loan capital at 2.5% annual interest with a 30-year amortization repayment schedule and a balloon payment (paid off) within 10 years. Final terms to be determined.

Restoring 212 Asbury preserves a rare physical connection to Greenville’s Black history while returning a severely deteriorated property to productive community use.

The project is designed to operate as a self-sustaining historic asset supported by short-term rental and event revenue. Following the historic tax credit ownership period, the project plans to transfer the property into a trust intended to preserve its mission and eventually make it available to a local nonprofit institution as an educational and cultural resource.

Restoration and rehabilitation of 212 Asbury, including construction, architectural and preservation work, furnishings and historic interpretation, financing costs, reserves, and related redevelopment expenses