Framing of the future Walton Summit apartments on Atlanta Street in Gainesville is quickly rising up from the ground.
The development — a partnership between the Gainesville Housing Authority and Walton Communities — is visible from busy Athens Highway. New construction replaces the fading memory of the former Green Hunter Homes public housing complex that was demolished to make way for the new apartments.
Beth Brown, executive director of the Gainesville Housing Authority, said the developer’s goal is to start moving people into the new apartments in April.
“They will probably start taking applications in January,” Brown told The Times on Thursday.
A private company based in Marietta, Ga., Walton Communities has been awarded more than $1.7 million dollars in low income housing tax credits to build phase 1 and 2 of its project on Atlanta Street, according to the Georgia Department of Community Affairs.
Phase 1 will have 84 apartments of which 76 are classified as low-income units, according to DCA. The 90 apartments in Phase 2 will be for seniors 62 and older, and 70 of those are classified as low-income units.
Maximum income restrictions apply for all the low-income apartments, according to information posted by Walton Communities on its official website. The maximum income limit varies with the number of tenants that will be occupying the apartments — $25,380 for a single occupant; $29,040, two; $32,640, three; $36,240, four; $39,180, five; and $42,060 for six occupants.
DCA spokeswoman MaryBrown Sandys said the developer must adhere to maximum rent limits established by the Department of Housing and Urban Development based on median incomes in the Gainesville Metropolitan Statistical Area.
Based on HUD guidelines that incorporate the most recently published area median incomes at 50 percent and 60 percent of area median incomes, Sandys said 2017 rents for phase 1 and 2 at Walton Summit would be $566 and $680 for one bedroom; $680 or $816 for two bedrooms; and $785 or $942 for three bedrooms. However, Sandys cautioned those rents would change by the time tenants start moving in next year because HUD will have published new area median incomes and rent limits.
Brown said GHA and Walton Communities have applied for a new round of tax credits for phase 3 of the project — 78 units — for a total build out of 252 units. She expects to hear back on whether they’ve been awarded that in October or November.
In the meantime, Brown is excited to see the project coming to fruition. She said construction of phase two is scheduled to begin in November.
“We’re thrilled to see the framing go up,” Brown said.