Several local public and private groups announced the completion of an affordable housing development, as the Atlanta BeltLine Inc. ramps up their efforts to create more such units along the the walking path.
Officials from ABI, Invest Atlanta, the Georgia Department of Community Affairs, The Woda Group, Inc., and Parallel Housing, Inc. hosted an open house for Stanton Oaks on Thursday.
Formerly known as Boynton Village, the $7.8 million revitalization project is a 43-unit family apartment complex in the Peoplestown neighborhood near I75/85.
The renovated development features things such a fitness center, computer center, community room and outdoor grilling area. It was funded in a public/private collaboration that included a $800,000 grant from the BeltLine Affordable Housing Trust Fund and $428,000 in federal and state low income housing tax credits from the Georgia Department of Community Affairs.
Stanton Oaks has received several awards and recognitions including the the Fulcrum Award from Southface, Atlanta and an Honorable Mention certificate in the HUD Preservation category for this year’s Charles L. Edson Tax Credit Excellence Awards competition.
ABI and Invest Atlanta recently approved ABI’s budget for 2017 that includes $2.2 million for affordable housing. Out of the 5,600 units of affordable housing ABI has pledged to create, only about 560 units have been completed.