The Invest Atlanta Board of Directors has approved a $4 million grant from the Eastside TAD (Tax Allocation District) Ascension Fund to support construction of the first phase of McAuley Park, a multifamily development adjacent to the Mercy Care clinic in Southeast Atlanta.
The developer Pennrose, LLC (Pennrose), along with Saint Joseph’s Health System, Inc. (Mercy Care) have partnered together to improve health outcomes and decrease health care costs of traditionally underserved populations.
The first phase of McAuley Park will include a 180-unit multifamily development and 367-space parking deck that will serve both the multifamily development and the Mercy Care medical clinic. The development will offer 135 units at or below 60% AMI (Area Median Income) with 10 units controlled by Mercy Care to provide respite housing for patients.
Once complete, the master development will include a renovated and significantly expanded Mercy Care clinic and central office, 100 units of affordable senior housing, 180 units of mixed-income family housing and a 367-space parking deck to accommodate both the medical building and the family housing. This multi-phased, mixed-use/mixed-income project addresses an important need and demand for affordable housing in the City of Atlanta, specifically close to downtown and MARTA rail.
Mercy Care was established in 1985 to bring healthcare to the most vulnerable, with a strong emphasis on serving the homeless. Mercy Care operates six permanent clinics as well as five mobile medical coaches throughout metro Atlanta.