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On Tuesday, a long-stalled affordable housing project in English Avenue is slated to begin construction.
Dubbed Herndon Square, the development’s first phase promises 97 new residences for senior citizens along Cameron Madison Alexander Boulevard, a site that some 10 years ago hosted the now-razed Herndon Homes apartment complex.
Back in 2010, the Herndon Homes community was demolished, and its many residents were cast adrift with the promise that they’d be able to move back one day.
The plans to reincarnate the development have morphed over the past few years, and the forthcoming, potentially $24 million senior housing component is on track to deliver in spring 2021, AH officials said in a press release.
Herndon Square is projected to evolve in five phases, ultimately comprising 681 rentals and 32 for-sale townhomes, according to AH materials. 45 percent of those units would be priced as affordable for households bringing in 80 percent of the area median income or less.
The estimated $166 million development, scheduled to be fully finished in 2027, is also poised to feature green space, health and wellness facilities, and roughly 36,500 square feet of retail, the release says.
The first phase of the project is supported in part by a $12.5 million bond resolution from the city’s economic development arm, Invest Atlanta. The venture also represents a fraction of the nearly $50 million of investment AH is making on new construction in Fiscal Year 2020.
Tuesday morning’s ceremony is expected to bring Atlanta Mayor Keisha Lance Bottoms, AH CEO Eugene Jones, Invest Atlanta CEO Eloisa Klementich, and Westside Future Fund executive director John Ahmann.