Decatur Housing Authority, Columbia Residential close on financing for Decatur East project decaturish.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from decaturish.com Daily Mail and Mail on Sunday newspapers.
The Decatur Housing Authority is working to close on the financing for an 80-unit senior affordable housing project being done in partnership with Columbia Residential.
The Decatur Housing Authority will be taking on two senior affordable housing projects in Decatur and Atlanta. In order to complete the projects, the city of Decatur will issue revenue bonds by the Decatur Housing Authority for the acquisition, rehabilitation and operation of Philips Tower and Calvin Court.
The Decatur Housing Authority, in partnership with Columbia Residential, were recently awarded a 9% low-income housing tax credit allocation from the Georgia Department of Community Affairs to provide funding for the development of phase II of Columbia Senior Residences at Decatur East, according to a press release.