In The News: Columbia Residential plans to renovate East Lake Highrise
Atlanta, GA — The East Lake Neighborhood Community Association (ELNCA) met via Zoom on Monday, April 11, at 7 p.m. for their monthly meeting.
Here are the major highlights of Monday’s meeting:
East Lake Highrise is an existing 149-unit senior housing development located at 380 Eva Davis Way SE in Atlanta. Columbia Residential, a real estate development firm that specializes in building affordable housing for families, seniors, and special needs populations, is partnering with the Atlanta Housing Authority to renovate the high rise.
Kris Bryant, project manager with Columbia Residential for the development, spoke about the renovations during the meeting, highlighting the importance of preserving affordability throughout the project.
“Through the partnership with Atlanta Housing, [Columbia Residential is] providing rental subsidies through a 20-year project-based voucher project,” Bryant added. “This is important because these vouchers allow residents not to pay more than 30 percent of their income on rent.”
Bryant added that East Lake Highrise was built in 1971, and since then, “very little work has been done on the building.” He estimates the project will cost a little over $30 million.
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