In the News: To house Atlanta, start with preservation
Columbia at Capitol View in Adair Park has ample green space, sits along the Atlanta BeltLine Westside Trail, and provides quality, affordable housing to the residents of all its units. But until quite recently, it didn’t look like this. Not too long ago, Capitol View, a 120-unit apartment complex built in 1948, was in disrepair, and though it remained affordable to people with lower incomes, things were changing fast. Adair Park was gentrifying, and residents worried that their rents would soon balloon to unaffordable levels. But developer Columbia Residential stepped in, partnering with public, private, and philanthropic entities and utilizing federal tax credits to renovate the property and ensure it remained affordable.
SOURCE: Saporta Report