U.S. Secretary of Housing and Urban Development Ben Carson came to Atlanta earlier this week and toured HUD-assisted properties as well as the Family Self-Sufficiency and Choice Neighborhood programs. Carson also stopped at City Lights, which is an 80-unit, senior housing development in the Old Fourth Ward. He said that this development was the “right model” for affordable housing that other cities and developments can look to as an example, according to the Atlanta Business Journal.
In other Atlanta real estate news:
- The second phase of Station 464, a multifamily development in the Old Fourth Ward, is kicking off. The complex will provide 96 units of affordable housing for families in this second phase. The first phase finished last year and provided 80 units for seniors, according to Curbed Atlanta.
- The state of Georgia originally had almost 70 sites available to pitch to Amazon, but narrowed the final list down to 10. This includes in-town and suburban locations, but The Gulch is considered the “primary site” and a front-runner, according to the Atlanta Business Journal.
- Two student housing developments in the city were announced this week. Georgia Tech is looking to build a 12-story student housing tower on the corner of North Ave. and Centennial Olympic Park Drive. And Preferred Apartment Communities now has a 98 percent equity ownership interest in a joint venture that owns Stadium Village, which is a 198-unit, 792-bed student housing community near Kennesaw State University.