Hous­ing Au­thor­ity awarded tax cred­its BILL BANKS FOR THE AJC

The Atlanta Journal-Constitution - - COUNTY BY COUNTY -

The De­catur Hous­ing Au­thor­ity has been awarded tax cred­its for the project it’s call­ing Trin­ity Walk III, a to­tal re­build­ing of the old 1111 Oakview Road com­mu­nity.

The tax cred­its, ac­cord­ing to DHA Ex­ec­u­tive Di­rec­tor Doug Faust, have an ap­prox­i­mate value of $4.7 mil­lion as equity in the $5.6 mil­lion to­tal de­vel­op­ment.

Con­structed in 1961 and turned into af­ford­able hous­ing with 24 units in 1982, the orig­i­nal 1111 Oakview was de­mol­ished ear­lier this fall. Those 24 units were as­sim­i­lated into the 121-unit Trin­ity Walk I and II de­vel­op­ment on East Trin­ity Place that opened last month.

The new de­vel­op­ment, just east of the Oakhurst Vil­lage, will in­clude 27 af­ford­able hous­ing units (for fam­i­lies up to 60% of area me­dian in­come) and seven work force hous­ing units (for fam­i­lies up to 100% of area me­dian in­come) over .81 acres Con­struc­tion is ex­pected to be­gin in spring 2018, and take about a year.

When com­pleted the De­catur Hous­ing Au­thor­ity will have spent $55,708,103 on re­de­vel­op­ing the city’s pub­lic hous­ing. To date the DHA has re­de­vel­oped 312 of its to­tal 484 hous­ing units.

Af­ter Oakview the next DHA projects, in or­der, are re­build­ing the 98-unit Swan­ton Heights and the 65-unit Spring Pointe, also on Oakview Road.

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