Affordable housing for seniors is on its way to the MARTA Avondale station.
MARTA has announced that Columbia Residential and Decatur Housing Authority have closed on financing for an 80-unit housing development across from the transit station.
The transit-oriented development (TOD) with one- and two-bedroom units will provide housing for residents at incomes below 80 percent AMI.
MARTA sold the land to Columbia Residential in May 2021, one of the last two components of the transit-oriented development plan executed between MARTA, Columbia Ventures LLC, Cortland and the City of Decatur.
The Georgia Department of Community Affairs, the City of Decatur, Decatur Housing Authority and DeKalb County are helping with funding for the development.
“We are proud to honor our commitment to provide affordable housing options for seniors with access to transit at the Avondale MARTA station,” President of Columbia Residential Carmen Chubb said in a news release. “This development builds upon our work with the Columbia Senior Residences at Decatur East, Phase I, and is a great example of what can be achieved when public and private partners come together to address critical needs in our communities.”
Columbia Residential is a real estate firm in Atlanta focused on affordable housing, with properties across the Southeast. The new housing will add to the existing 92 affordable-housing units the company brought to the area in 2018.
The MARTA Avondale station, located at 915 E Ponce de Leon Avenue, is on the rail system’s Blue Line.
Last November, MARTA celebrated the groundbreaking of another affordable housing development at a Blue Line station: a 250-unit project at Kensington Station for seniors and families.
