Two years after it broke ground, a residential project geared toward addressing Atlanta’s dearth of affordable housing is officially a wrap south of downtown.
Atlanta Mayor Andre Dickens, Invest Atlanta CEO and president Dr. Eloisa Klementich, and other dignitaries are scheduled to cut the proverbial ribbon Monday on a new community called Haven at South Atlanta.
The mixed-income venture has taken shape in South Atlanta at 57 Hardwick Street, between Chosewood Park and Lakewood Heights, or roughly two miles south of Georgia State’s Center Parc Credit Union Stadium (formerly Turner Field).
Developer Pennrose and its nonprofit partner Focused Community Strategies promote the 84-unit, pet-friendly community as being just 10 minutes from downtown.
According to project leaders, the Haven buildings are EarthCraft-certified, and onsite amenities include a community clubhouse with business center, a club room, fitness center, community garden, bicycle parking, and an on-site management suite.
The garden-style apartments range from one to three bedrooms and mix affordable with market-rate options. Of 84 units total, 71 are income-restricted for residents earning 50 to 60 percent of the area median income, which starts at $40,594 for a two-person household, according to Pennrose.
Rents for one-bedroom apartments currently range from $806 to $1,250. For two-bedrooms, $967 to $1,450. And three-bedroom options start at $1,107 and top out at $1,650. Each home comes with in-unit washers and dryers, kitchens described as “modern,” and appliances that qualify as efficient.
According to project leaders, Haven’s broader goal is to help address a widespread shortage of affordable housing across Atlanta. They cite statistics from the National Low Income Housing Coalition that Georgia currently has a shortage of 200,000 affordable homes, and Annie E. Casey Foundation data that nearly 50 percent of all renters in Atlanta are cost-burdened.
Elsewhere in Atlanta, Pennrose is also a partner in a 170-unit affordable housing venture that’s taking shape in Sweet Auburn.
Have a look around the new community (please forgive the low-resolution) in the gallery above.
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