Atlanta Housing Celebrates Groundbreaking for Englewood Senior

A new affordable housing project will accommodate independent seniors aged 62 and over

ATLANTA

,

May 23, 2024

/PRNewswire/ — Atlanta Housing (AH) and The Benoit Group today celebrated the groundbreaking of Englewood Senior. Joined by partners, including

City of Atlanta

Invest

Atlanta, Georgia

Department of Community Affairs, Berkadia Commercial Mortgage LLC, Atlanta BeltLine, U.S. Department of Housing and Urban Development, Atlanta City Council, Neighborhood Planning Unit Y, Georgia Department of Community Affairs, J.M. Wilkerson and Engineering Design Technologies, the inauguration officially marked the start of construction work on the new independent senior living project. Englewood Senior will serve seniors ages 62 and older and will be located in the Chosewood Park neighborhood, near Zoo Atlanta,

Grant Park

, and the Atlanta BeltLine. The affordable housing project will include 160 units for residents earning 60 percent or less of the HUD Area Median Income (AMI), all of which will include HomeFlex vouchers provided by Atlanta Housing.

“Atlanta Housing is honored to support the development of Englewood Senior with an investment of over

3 million dollars

and a comprehensive plan for transformative progress that will uplift the people of this community,” said

Terri M. Lee

, president and CEO of Atlanta Housing. “This affordable housing project will make a significant difference in the lives of our elderly and veteran residents by giving them the opportunity to live in a community that will provide them with best-in-class amenities and an improved quality of life. Englewood Senior is another demonstration of our commitment to providing safe, quality, affordable housing options and ensuring that

Atlanta

remains a city for all. »

Speakers at the inauguration included the mayor

Andrew Dickens

,

City of Atlanta

;

Terri Lee

President and CEO, Atlanta Housing;

Eddy Benoit, Jr.

President and CEO, Le Groupe Benoit;

Larry Stewart

, chairman of the board of directors of Atlanta Housing; Dr.

Eloisa Klementich

President and CEO, Invest Atlanta;

Carolyn Whatley

Managing Director, Berkadia Commercial Mortgage, LLC;

Ruben Brooks

Chief Operating Officer, Atlanta BeltLine;

Jennifer Riley Collins

Atlanta Regional Administrator, U.S. Department of Housing and Urban Development;

Jason Winston

member of the district council no. 1,

City of Atlanta

;

Nicolas Weiswasser

, chairman of neighborhood planning unit Y; And

Philip Gillman

Deputy Commissioner,

Department of Georgia

of Community Affairs.

Mayor Dickens said, “Our historic community is the heart of this city, and helping them not only stay in their homes, but also find safe, quality, affordable housing, will always be a priority of my administration and the work that we do. Groundbreaking for Englewood Senior Housing is just one more way to show our valued residents that we are working on their behalf.

Once completed, this senior development complex will include community amenities such as a centralized outdoor courtyard, computer room, fitness center, multi-purpose community room and on-site laundry facility. Additionally, plans include more than 15,000 square feet of retail space to benefit the building and community. THE

$72 million

The project is funded by 4% tax-exempt bonds, HUD 221(d)4, BeltLine TAD and other federal funds, as well as 100% of the units receiving voucher rental assistance based on the Atlanta Housing Project (PBRA). Additionally, to cover the

$30 million

cost of building infrastructure for the entire 30-acre site, Atlanta Housing provided

$15 million

and the

City of Atlanta

used

$15 million

in Housing Opportunity Bond funds.

“Partnering with Atlanta Housing, a leader in public-private partnerships and a dedicated force in community revitalization, aligns perfectly with our company’s mission,” said

Eddy Benoît

President and CEO of Groupe Benoit, based in

Atlanta

. “While this Englewood development is a mixed-use master-planned community, we are excited to break ground on the Englewood Senior Building as the first affordable senior housing complex on the Atlanta BeltLine.”

Originally built in 1971 as Englewood Manor, on approximately 30 acres, the site contained 324 public housing units before residents were displaced in 2007 due to severe physical and social distress, leading to demolition of the property in 2009 with HUD approval.

Once all phases of the new Englewood development are complete, the community will include approximately 900 units, approximately 76 percent of which will be considered affordable to individuals with annual incomes at or below 80 percent of the HUD AMI or less. In the end, more

300 million dollars

will be invested from public, private and philanthropic sources.

ABOUT

ATLANTA

ACCOMMODATION

President and CEO

Terri M. Lee

directs the Housing Authority of

City of Atlanta, Georgia

(AH), the largest housing authority in the

Georgia

and one of the largest in the country. One of 139 Moving to Work (MTW) ​​public housing authorities in America, AH is an industry leader in providing and facilitating affordable housing resources for nearly 27,000 low-income households comprising approximately 45,000 people, including AH-owned, tenant-based residential communities. vouchers, supportive housing, and down payment assistance, where innovation leads the approach to making the dream of homeownership accessible to more Atlantans . The programs are funded and regulated by the U.S. Department of Housing and Urban Development.

Visit AH at atlantahousing.org or follow us on social media @housingatlanta.

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SOURCE Atlanta Housing