After many years of hard work, the Reynoldstown Senior Residencies officially opened with a ribbon cutting ceremony on Thursday, May 4. The brand-new senior housing development along the Atlanta BeltLine offers 70 high-quality highly affordable housing units reserved for residents over the age of 62.
“What I find amazing is the commitment, not only of Invest Atlanta, but our partners in taking care of those who take care of us,” said Dawn Luke, SVP of Community Development at Invest Atlanta. “The seniors in this community have been the bedrock in this community for years, and the fact they get to reside and live in this community is amazing.”
Mercy Housing, a nationally-recognized housing operator, will own and manage the Reynoldstown Senior Residencies. Financing for the project came from a variety of sources, including $5.5 million in financing from multifamily housing revenue bonds that the Invest Atlanta Board of Directors approved in 2014 under the leadership of Mayor Kasim Reed.
Other partners involved with the project include the Atlanta BeltLine, the City of Atlanta, U.S. Department of Housing and Urban Development, Atlanta City Councilmember Natalyn Archibong, the Georgia Department of Community Affairs, and the National Affordable Housing Trust.
However, few deserve more credit than Reynoldstown community activist Young Hughley, who originally began work on this project more than a decade ago. Through the non-profit he founded, Reynoldstown Revitalization Corporation, Hughley bought the property in 2002.
“What makes me happy and gives me joy is the end use, that’s my joy,” he said. “I want us to continue to do this difficult and hard work. I appreciate Mercy Housing and all the partners who helped to make it happen.”
Providing better housing options for our seniors is a key priority for Invest Atlanta.
Since 2010, Invest Atlanta has joined with our public and private partners to invest in 9 senior housing developments located across the City of Atlanta. Most recently, Invest Atlanta has worked on projects such as City Lights in the Old Fourth Ward, The Remington in Carey Park, and Abernathy Towers in the West End.
All these senior housing developments ensure more members of the City of Atlanta’s senior population, who represent the legacy of their respective communities, can age in place in a facility with the accessibility and amenities they need to thrive.