The Urban Residential Finance Authority (URFA) Board of Directors, as part of Invest Atlanta, has approved financing for the construction of 209 units of affordable multifamily housing. The Reserve at Bolton Road will be located at 1070 Bolton Road with close proximity to Interstate 285 and Donald Lee Hollowell Parkway.
The Reserve at Bolton Road, developed by KCG Development, LLC, will contain 43 units at or below 40 percent Area Median Income (AMI), 133 units at or below 69 percent AMI and 33 units at or below 80 percent AMI. The property amenities will include a clubhouse/leasing office, swimming pool, laundry facility, exercise room, picnic and playground areas.
The Board approved a $22,500,000 tax-exempt loan to finance this development.