A spokeswoman for the developer said the cost of the project is about $20 million.
Twenty percent of the units will be designated for "permanent supportive housing," which provides healthcare and other support services to residents who've experienced homelessness, according to the release. All of the units will serve residents who make 30% to 80% of the area median income. For a one-income household in Atlanta, 30% AMI is $16,750.
Once known as one of the wealthiest African-American neighborhoods in America, the Sweet Auburn District was designated a National Historic Landmark in 1976 by the National Park Service. The district includes the birth home for Martin Luther King Jr.
The district, which is undergoing a revitalization, was twice recognized as one of America's 11 Most Endangered Historic Places. The area has lost nearly half of its historic buildings since 1976 and several vacant properties are at risk of demolition due to neglect, according to a recent assessment of the district by the National Park Service.
In addition to the affordable housing units, Thrive Sweet Auburn will also house new offices for PCCI, workforce development services, resident amenities and additional commercial space for lease.
Preventative healthcare and nutritional services will also be provided for residents and the surrounding community.
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