The city of Atlanta has approved a special administrative permit application for Harmony at Bakers Ferry, a 108-unit affordable senior housing project planned for the Adamsville neighborhood at 3650 Bakers Ferry Rd. SW, according to planning documents filed earlier this month.
The SAP applicant is listed as Alabama-based multifamily development company CRN Development, a company owned and managed by Thomas N. Ward, according to its website.
In 2020, the project was approved by Invest Atlanta for a $15 million tax-exempt loan, with an announcement listing GNTH Developments LLC, which is an affiliate of Alabama-based Gateway Development Corporation, as the developer alongside Atlanta Housing.
Neither Gateway Development Corporation nor Ward, who is the former president of Gateway Development Corporation, according to CRN’s website, responded to requests for comment.
SAP filings show the development will rise three stories and total 130,000 square feet, consisting of 100 one-bedrooms and eight two-bedrooms along with amenities ranging from a community room to a covered picnic area with grills.
Each of the units will be reserved for households at 60 percent of area median income or below, with the 925-square-foot one-bedrooms having rents of $932 and the 1,034-square-foot twos rents of $1,117, according to an Invest Atlanta project fact sheet. Affordability will be supported with rental assistance from Atlanta Housing’s project-based rental assistance program, Homeflex, according to SAP documents.
