Developers Open Decatur Crossing Senior Affordable Housing Project

The $19 million project was co-developed by Tapestry Development Group and Columbia Residential
Stride Senior Residences
Photo: Official
Listen To This Post

Co-developers Tapestry Development Group and Columbia Residential have opened Stride Senior Residences, a five-story, 90-unit affordable senior housing project just outside of Decatur, the companies announced on Thursday.

Sign up now to get our Daily Breaking News Alerts

  • This field is for validation purposes and should be left unchanged.
Opt out at anytime

Located in unincorporated DeKalb County at 651 Decatur Village Way, the project is within the 26-acre Decatur Crossing development by Fuqua Development. The $19 million senior housing project will set aside 80 percent of its units for households at or below 60 percent of area median income and is also co-owned by Tapestry and Columbia, which acquired the site in 2017 and broke ground in 2019.

“Decatur’s explosive growth has accelerated the critical need for quality affordable housing and the development of new affordable and mixed income communities,” Tapestry Development President Jon Toppen said in a statement.

The project will include amenities such as a shared community park, fenced community garden, movie theater room, fitness center, computer center, and community room with a kitchen, among other spaces.

It was financed largely through 9-percent federal and state low-income housing tax credits issued by the Georgia Department of Community Affairs and Home Investment Partnership funds from DeKalb County Community Development

“DCA recognizes the growing need for affordability throughout Georgia and the metro Atlanta area and will continue to create policies, deploy sources of funding and explore public-private partnerships which help promote the preservation of affordability in Atlanta and the creation of new affordable units,” DCA Director of Housing Development and Finance Jill Cromartie said in a statement.

  • Facebook
  • Twitter
  • LinkedIn
  • Gmail
Photo: Official
  • Facebook
  • Twitter
  • LinkedIn
  • Gmail
Photo: Official
  • Facebook
  • Twitter
  • LinkedIn
  • Gmail
Photo: Official
  • Facebook
  • Twitter
  • LinkedIn
  • Gmail
Photo: Official
  • Facebook
  • Twitter
  • LinkedIn
  • Gmail
Photo: Official

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Related Posts

login

Login to manage your profile and comments

Register

Register now to manage your profile and comments. 
The information provided will only be used to create and manage your comments.