Mayor Keisha Lance Bottoms joined officials and community partners to break ground on the initial phase of Herndon Square Phase 1—a 97-unit, 100-percent affordable senior housing-building. Construction of the mid-rise building will be completed by Spring 2021 with an anticipated budget of $24 million.
Herndon Square is located on 12.3 acres of the former Herndon Homes public housing site, located at Cameron Madison Alexander Boulevard and Northside Drive on Atlanta’s Westside.
“This is a historic day for Atlanta, the Westside and the English Avenue community,” Bottoms said. “Thank you to Atlanta Housing and all of our partners for investing in our communities and understanding the importance of alleviating the burden associated with a lack of affordable housing. This Administration will utilize every available tool and resource to continue to create quality, affordable housing for all who call Atlanta home.”
The overall, five-phase development will include approximately 681 rental units and 32 for-sale townhomes, with 45 percent of the units affordable for households earning up to 80 percent of the area median income.
Phase 1 will include 97 affordable units for seniors 62 and over. Phases 2 through 4 will include varying percentages of market-rate and affordable units, in addition to a sustainable greenspace and approximately 36,500 square feet of retail and a health and wellness space. Phase 5 includes 32 for-sale townhome units, with the first units becoming available in Spring 2021.
“Atlanta Housing is in a unique position because we own the land and have funds available to provide construction and permanent financing at competitive rates,” said Tiffany Wills, vice president of real estate development at Atlanta Housing. “Those factors allowed us to design a financial structure to support the construction and operation of 100 percent of the units in Phase 1. It’s a true example of how public-private partnerships can secure long-term affordability in the city.”
The Atlanta Housing Board of Commissioners in 2016 selected Hunt and Oakwood Development Group as the team to redevelop the site into a high-quality, mixed-income, and mixed-use complex.
“Hunt is proud to be a partner on the redevelopment of this significant site in the heart of West Atlanta,” said Sinclair Cooper, president for public infrastructure and development at Hunt. “This groundbreaking was the result of a collaborative effort that has required hard work and coordination by many who are committed to delivering a community that improves connections, offers more jobs for the local area, and provides quality homes for all.”
Previously, Bottoms unveiled her Housing Affordability Action plan, which will serve as a road map for her One Atlanta mission to raise $1 billion to produce and preserve 20,000 units of affordable housing in Atlanta.