Low-income residents looking for affordable housing in Atlanta got a boost recently with the construction of new homes in Mechanicsville.
Builders Summech Community Development Corporation and Columbia Residential teamed up with the city and the state of Georgia to construct 66 single family homes and renovate eight existing houses for people for affordable dwellings. The 74 houses will be available for rent for the next 15 years, but tenants can purchase them when that period ends.
Mayor Kasim Reed and the Department of Planning and Community Development announced today the launch of the Mechanicsville Cityside initiative, the first scattered site development in the City of Atlanta. The project offers newly-built or renovated homes with affordable rents for working families. During a ribbon-cutting ceremony for Mechanicsville Cityside, Mayor Reed was joined by Georgia Department of Community Affairs Commissioner Camila Knowles, Department of Planning and Community Development Commissioner Tim Keane, SUMMECH Development Corporation Executive Director Janis Ware and Atlanta City Councilmember Cleta Winslow.
“Partnerships between the City, the State and the private sector are essential tools for creating quality, affordable housing options and opportunities in every neighborhood in Atlanta,” said Mayor Kasim Reed. “This new program will offer housing stability for more than 70 families, and help make the dream of homeownership a reality.”
The Mechanicsville Cityside development aims to provide homeownership opportunities for low-income families. The families will rent the units for the first fifteen years of occupancy, and will then have the opportunity to purchase the home. Scattered site developments distribute affordable housing units in income-diverse neighborhoods, promoting greater economic inclusion. The Cityside development is spread over one square mile of land in the southeast Atlanta neighborhood.
A once-blighted section of the city of Atlanta is getting a new look, and in the process, its residents are getting a shot at owning a home in their community.
Mayor Kasim Reed helped cut the ribbon Thursday on a development called Mechanicsville Cityside, an initiative made possible through a public-private partnership.
The development includes 66 new homes on those sites and rehabilitate eight other properties in an 18-block area. , helping to create home ownership opportunities for low-income families.
All 74 properties will start out as rentals, but in 15 years, tenants will have the opportunity to buy the homes at a deep discount under rules of the Low Income Housing Tax Credit Program.
Atlanta and state leaders on Thursday celebrated the opening of an affordable housing community near Turner Field that officials say will ease the crunch on quality workforce housing.
Mechanicsville Cityside isn’t an apartment complex, but rather 74 new or refurbished detached homes available under a lease-purchase program. It’s a new type of product for the city, Atlanta Mayor Kasim Reed said, and one he said will make more housing available for working-class families.