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Oakwood 84-unit affordable housing plan is being proposed again this year
0717PEAKS
An 84-unit affordable housing apartment complex is again being proposed off Osborn Road and Atlanta Highway/Ga. 13 in Oakwood.
An Atlanta firm is trying again to get tax credits to help fund an 84-unit affordable housing apartment complex in Oakwood. “Tax credits are the major financing source for the project, and I don’t believe we could move forward without it,” said Gary Hammond, principal of Landbridge Development LLC. He added there are “no changes to the site plan” submitted last year for the $12 million development, which is proposed on 9 acres off Atlanta Highway/Ga. 13 and Osborn Road, across from Blackshear Place Baptist Church. If approved, the development would require tenants to meet income requirements, with rents varying from $430 to $725 per month for one-bedroom to three-bedroom units, Hammond has said.