Developers plan 70-unit workforce housing project in Metropolitan Atlanta

In the heart of Forest Park, Georgia, a recent Development Authority meeting illuminated the future of housing in the community. As city officials gathered, discussions centered on a significant project involving low-income housing tax credits, a federal initiative aimed at fostering affordable living options.

The meeting revealed that the city is poised to enter an agreement to sell a property contingent upon securing these tax credits. The timeline for this potential sale is set for late 2025 or early 2026, depending on the success of the application process. Officials expressed optimism, noting that their project scored 84 points in a competitive ranking system, surpassing last year's cutoff of 81. This scoring is crucial, as it determines eligibility for the tax credits that could fund the development.

The proposed project aims to create between 60 to 70 housing units, with a mix of market-rate and workforce housing. Specifically, only six units are expected to be market-rate, while the remainder will cater to families earning between 60% to 80% of the area’s median income. This translates to rental prices ranging from $600 to $1,600 per month, depending on the size of the units.

As the meeting progressed, officials clarified that the project would not acquire all adjacent properties, ensuring that current owners would retain their holdings. This aspect of the discussion highlighted the careful planning involved in balancing development with community interests.

With the application deadline approaching in May, the anticipation builds for the outcome, which could significantly impact housing availability in Forest Park. As the city navigates this pivotal moment, residents and stakeholders alike are left to ponder the implications of these developments on their community's future.