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Invest Atlanta Approves Financing for 230 Units of Multifamily Housing in East Lake

The Invest Atlanta Board of Directors approved lease-purchase bond financing for Tama Glenwood, a 230-unit multifamily housing and retail development on Glenwood Avenue.

Convenient to MARTA, Publix, and the YMCA, Tama Glenwood will feature 39 units at 80 percent Annual Median Income (AMI) and approximately 8,000 SF of retail in the East Lake community. The developer, Perennial Properties, will seek local small businesses to occupy the commercial/retail space and plans to connect those businesses to services that support their growth and viability. The amenities of the property will include a co-working space with computers, community room, fitness center, pool, private courtyard and grills.

This project is a part of the comprehensive vision for Villages of East Lake to be a mixed-income community, providing an attractive housing option for moderate to middle-income households.

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