Wellroot Family Services says it received a $23 million state low-income housing tax credit for the first phase of Canopy of Hope, 65 affordable apartments on the 8.7-acre former Avondale Pattillo United Methodist Church site at 3260 Covington Highway in Avondale Estates, near the Kensington MARTA station, according to Decaturish. Total construction is estimated at $66.9 million. Services are expected to open by mid-2028, with housing following in 2029.
Why It Matters for Atlanta Professionals
It is a transit-close affordable housing project in DeKalb that layers a state tax credit, a $2 million National Housing Trust Fund award and $12.75 million in New Markets Tax Credit financing through Truist and Capital Impact Partners, a model Atlanta developers, lenders and nonprofit leaders can study.
Source
First reported by Decaturish (Dyana Bagby): Decaturish
Cover: Photo: Rosemoon / Wikimedia Commons, CC BY-SA 3.0; map © OpenStreetMap
Stay Connected
Join the Connect Atlanta Discord, free, to talk about this with 6,400+ Atlanta professionals.
Go Premium for $20 a month for member events and perks.
More From BNG
ARC Sets a 367,000-Home Target for Metro Atlanta by 2035 in Its First Regional Housing Strategy
Move-Ins Start at 1070 Dill, 22 Capitol View Homes Listed From $170,000 to $209,000 Near MARTA
A $24.3 Million Overhaul of Belvedere Plaza on Memorial Drive Is Moving Ahead in DeKalb
BNG Partners
Sponsored: Become a healthcare recruiter and get paid per placement with Metro Staffing Partners
Behind on your taxes? Madison's Accounting & Tax Services can review your situation: get a back-tax review
Business owners: book a tax appointment with MATS
Private pay home care in metro Atlanta from Metro Care Partners. Call (404) 803-5273
Rep the network: shop BNG hoodies, tees and mugs
Join 6,400+ Atlanta professionals in the Connect Atlanta Discord, free
