125 units will be available to 'those earning no more than 60 percent of the Area Median Income (AMI).'
Affordable housing project Creekside at Adamsville Place could soon break ground.
Developers this week submitted plans to the City of Atlanta to build the multifamily residential complex, at 3718 M.L.K. Jr Dr. SW.
The Board of Invest Atlanta (IA) in April first approved support for the construction of Creekside at Adamsville Place.
The project's 125 units will be available to "those earning no more than 60 percent of the Area Median Income (AMI)," IA tweeted at the time of the approval earlier this year.
Creekside at Adamsville Place will offer one-, two-, and three-bedroom apartments.
Proposed amenities include a community building, computer lab, business center, furnished fitness center, on-site laundry facilities, gazebo, and playground.
An estimated $2,940,000 is expected to be spent on land development work for the 145,093-square-foot mid-rise community.
A portion of the project will be financed in part with "nine percent Low Income Housing Tax Credits (LIHTC) allocated by the Georgia Department of Community Affairs (DCA)."
The project has been in the works since at least early 2016.
Real Property Research Group conducted a 108-page Market Feasibility Analysis in May 2016 for the development.