A residential developer will receive millions of dollars from state and local officials to build 80 affordable apartments for seniors at the Avondale Estate MARTA station.
Columbia Residential closed on a financing deal with the Decatur Housing Authority earlier this week to develop the new senior housing project, adding to an effort to put more residential density near key transit centers. The $32 million project is made possible by grant funding, tax credits, government loans and other assistance, the developer said.
The agreement comes at a time when developers face an uphill battle getting investors to back their projects. Multiple metro Atlanta developments have been delayed or scaled back due to financing issues and tight capital markets, which are grappling with high interest rates and the COVID-19 pandemic’s lingering effects on commercial real estate.
By WSBTV.com News Staff November 14, 2023 at 5:52 pm EST Atlanta rapper T.I. cuts ribbon for his first affordable housing development ATLANTA — Atlanta rapper...
First look: Old Fourth Ward affordable housing launches construction Parkway Drive project is transforming block near North Avenue, Ponce City Market March 27, 2025, 8:13AMJosh...
Happening in Fulton: Groundbreaking on 60 New Senior Housing Units in South Fulton Fulton County and partners broke ground on the Anthem Senior Living Community’s...
Photos: How pie-shaped build near Atlantic Station turned out, from high above Westside Union project replaces vacant, railroad-adjacent acreage in Loring Heights March 24, 2025,...
At MARTA’s doorstep, affordable housing build in construction homestretch 80 units joining surge of Transit Oriented Development around Avondale station January 06, 2025, 8:12AM Josh...
Developer gets financing for affordable housing near Avondale station
Developer gets financing for affordable housing near Avondale station
Credit: City of Decatur
19 hours ago
A residential developer will receive millions of dollars from state and local officials to build 80 affordable apartments for seniors at the Avondale Estate MARTA station.
Columbia Residential closed on a financing deal with the Decatur Housing Authority earlier this week to develop the new senior housing project, adding to an effort to put more residential density near key transit centers. The $32 million project is made possible by grant funding, tax credits, government loans and other assistance, the developer said.
The agreement comes at a time when developers face an uphill battle getting investors to back their projects. Multiple metro Atlanta developments have been delayed or scaled back due to financing issues and tight capital markets, which are grappling with high interest rates and the COVID-19 pandemic’s lingering effects on commercial real estate.
Source: https://www.ajc.com/news/atlanta-news/developer-gets-financing-for-affordable-housing-near-avondale-station/75ZWVXOP5NFZXNWFPKZ62NPJZU/