Some updates from Invest Atlanta
Invest Atlanta recently closed a $1.25M Eastside TAD Ascension Fund Grant for Georgia Works! redevelopment of the Oddfellows Tower at 250 Auburn. The new facility will make it possible for the organization to increase the number of men served from 200 to 275 annually.
A $6M transaction, which included $1M dollars in Housing Opportunity Bonds, for the construction of 111 Moreland, a new development located in the Reynoldstown Neighborhood will include 42 supportive housing units at 60% AMI or below.
A $39M transaction for the new construction of City Lights Boulevard North which will provide 88 homes for families at 60% AMI or below in the Old Fourth Ward neighborhood.
A $32M transaction to rehabilitate GE Tower which will preserve more than 200 homes for families at 60% AMI or below in the Mechanicsville neighborhood.