Housing Authority awarded tax credits BILL BANKS FOR THE AJC
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.