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Invest Atlanta Approves Financing for Construction of 108 Units of Affordable Senior Housing

The Invest Atlanta Board of Directors approved financing for Harmony at Bakers Ferry, a 108-unit affordable housing development for seniors aged 55 and over. All 108 units will be available at 60 percent Area Median Income (AMI).

Led by GNTH Developments, LLC and Atlanta Housing, this new construction will be located at 3650 Bakers Ferry Road in the Adamsville neighborhood. The three-story building will offer units equipped with HVAC, energy star refrigerators and dishwashers, stove, microwave oven and a powder-based stovetop fire suppression canister installed above the range cook-top. The amenities will include a community room, computer center, on-site laundry, exercise room, covered drop-off/pick-up area, and covered picnic area with grills.

The Board approved a $15 million tax-exempt loan for this development.

 
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