The brand new Sylvan Hills affordable housing community has officially moved in its first residents, according to an announcement made yesterday, September 14th, by the project developers Wendover Housing Partners.
CEO and founder of Wendover Housing Partners Jonathan L. Wolf said that “our goal is to build communities that residents are proud to call home. Hartland Station is just another example of our commitment to providing much needed housing options that foster a sense of community.”
The project was completed in about a year and three months, after General contractor Roger B. Kennedy Construction broke ground on the Slocum Platts Architects-designed project last June. Its located on the southeast edge of the Sylvan Hills neighborhood, just north of the recently demolished Stewart-Lakewood Branch Library. The location gives easy access to I-85 and is in walking distance to the Crossroads Shopping Center.
According to the press release, Hartland Station features 131 one, two and three-bedroom units, with rents starting at $ 861 a month. The complex’s amenities include a fitness center, business center, flex-room with kitchen, splash pad and playground for residents.
The project received $1.5 million from Invest Atlanta’s Housing Opportunity Bond program, which will require the developers to set aside at least 52 units for households at 60 percent of AMI or below. The total cost of the project was $28 million with an additional $5.5 million in funding coming from Cabretta Capital.
The project’s general contractors were Roger B. Kennedy Construction, while Slocum Platts Architects-designed the complex. Wendover Housing Partners, LLC is a privately held, Florida based real estate development, investment and management company that specializes in specializes in the development of single and multi-family homes, apartment communities, senior communities, and transit-oriented development.
2 Responses
Almost $900. a month for 1 bedroom is affordable housing? Maybe for someone working a 40hr work week making good money. Not for seniors living on a little over 1,000 a month.
The affordability metric in this case is based off a 60% of the Area Median Income, which unfortunately is still out of reach for many people. I agree that there should be more truly affordable housing for seniors in particular.