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Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build.

Two new residential developments will rise in Southwest Atlanta’s Greenbriar neighborhood.

The Atlanta Business Journal reports the Flats at Stone Hogan is slated to feature 256 affordable housing units available to households earning less than the area median income. The adjacent Villas at Stone Hogan development would comprise 192 affordable units reserved for lower-income renters aged 55 and older. Zimmerman Properties is in line to deliver both communities. The projects would cost approximately $100 million and $70 million to develop, respectively.

Additionally, Advantage Capital’s investment will help fund the roughly $20 million revitalization of Applewood Towers.

Applewood Towers redevelopment should be completed by the end of 2025. The two new-construction developments lining Stone Hogan Connector Road are expected to wrap in mid-2027.

The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE.

​  Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build. Two new residential developments will rise …
The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News