Gorman Delivers Fully Leased Atlanta Affordable Rental Community
Gorman & Co. has debuted its second affordable housing community in Atlanta.
Publish Date: Wednesday 9th October 2024
Atlanta Real Estate News
Atlanta Real Estate News category interest
Gorman andamp; Co. has debuted its second affordable housing community in Atlanta. Located along Martin Luther King Jr. Drive across from the H.E. Holmes MARTA Station in Southwest Atlanta, Hamilton Hills offers 52 apartment units featuring one-, two- and three-bedroom floor plans. Gorman andamp; Co. broke ground on Hamilton Hills in early 2023. The project cost $17.4 million to develop. The community is already fully leased and occupied.
All units are reserved for residents earning 50%-60% of the area median income. For a four-person household in metro Atlanta, this constitutes an annual gross pay of $53,750-$64,500, according to the 2024 income limits set by the U.S. Department of Housing and Urban Development.
The Residences at Westview, also located along MLK Jr. Drive, delivered 60 affordable and market-rate units to the city’s Westside.
Story attribution: Mike Boyd
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