The developer of the Myrtle Terraces senior living homes in Gainesville is hoping the city will authorize a community revitalization plan for the area as a way to help secure tax credits necessary to add more apartment units. “We desperately need help from the city,” said David Searles Jr., of Searles Realty Advisors in Sandy Springs. “Unfortunately, we cannot plan and finance phase two until after such a plan is adopted.”
Developer looks to expand affordable housing for seniors
Tax credits would be part of revitalization plan