Atlanta Department of Planning and Community Development’s Office of Housing contributed $300,000 in federal HOME Investment Partnerships program funds to help complete a new, affordable apartment project for low-income senior citizens. A special groundbreaking ceremony on the property site Tuesday marked the beginning of the project in the Reynoldstown community. HOME funds are awarded by the U.S. Department of Housing and Urban Development to state and local agencies to fund a wide range of activities including building, buying, and rehabilitating affordable housing for rent or homeownership.
Total construction costs are approximately $11.2 million.
Mercy Housing Southeast is the developer of the new Reynoldstown Senior Residences, a 70-unit independent living apartment complex that will consist of 60 one-bedroom units and 10 two-bedroom units.
In addition to the Reynoldstown Senior Residences, DPCD’s Office of Housing has provided HOME funds to complete quality, affordable senior housing projects including Betmar Village, Columbia Senior Residences and Columbia Heritage Senior Residences. Earlier this year, the Office of Housing provided $700,000 in HOME funds to start a new construction project for senior housing called City Lights.
Information: atlantaga.gov
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