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Newsmakers in business: Myrtle Terraces earns tax credit excellence honor
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Myrtle Terraces, a rental housing property for seniors in Gainesville owned and developed by the nonprofit Beverly J. Searles Foundation, has been named the winner of the 22nd annual Charles L. Edson Tax Credit Excellence Awards in the Seniors Housing category.

Myrtle Terraces includes one three-story building with 36 one-bedroom apartments and 48 two-bedroom apartments. It is named for Myrtle Figueras, a retired teacher, City Council member and former mayor.

Community amenities include a large dining area and community kitchen, library, computer center, fitness and wellness centers, game room, on-site laundry, TV lounge with juice bar, courtyard with pavilion, BBQ grills, secure building access and on-site parking.

“Congratulations to all of the partners that worked together to create Myrtle Terraces,” said Ed L. Schrader, president of Brenau University. “It has been an incredible addition to our community, providing seniors with access to numerous services and our undergraduate and graduate students who are preparing for health care professions with inter-generational learning opportunities that mutually benefit them and the residents.”

The Times publishes newsworthy accomplishments involving local businesses each Sunday on the Business page and Send information to The deadline is 4 p.m. Thursdays.

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