Construction has begun on a $20 million, 105-unit affordable housing development in Vine City.
The Legacy at Vine City is for seniors above the age of 62, and residents will pay no more than 30 percent of their income on rent through assistance from the Atlanta Housing Authority. The complex will offer one- and two-bedroom apartments.
The Higher Ground Empowerment Center Church is leading the development through its community development corporation, The Oasis of Vine City, Inc. The project is said to be a 25-year-old vision of the church’s bishop, Dexter Johnson.
The Beverly J. Searles Foundation serves as co-developers.
READ | New affordable housing coming for legacy renters
READ | Cops: 'Crime-ridden' Atlanta apartment complex will be demolished
READ | Atlanta approves sublease of Bobby Jones Golf Course clubhouse
At the April 27 groundbreaking near Mercedes-Benz Stadium, Atlanta Mayor Keisha Lance Bottoms said the project will allow people like her mother and family to "still have a place," according to a statement.
Invest Atlanta helped support the development through $10 million in tax-exempt bond financing and a $1 million Vine City Trust Fund loan. Other financial support came from the Atlanta Housing Authority, Cabretta Capital, Community Development Trust, Georgia Department of Community Affairs and PNC Real Estate.
Like Intown Atlanta News Now on Facebook | Follow us on Twitter
In other news...
