We are proud to announce the groundbreaking of Madison Reynoldstown, which will be co-developed by Atlanta Housing and Rea Ventures Group, Inc. Located at 872 Memorial Drive and immediately adjacent to the Atlanta BeltLine Eastside trail extension, Madison Reynoldstown will offer families quality amenities and central access to entertainment facilities, retail shops, restaurants, a Publix grocery store, green spaces, and many job opportunities within walking distance of the Madison Yards development.
AH will contribute HomeFlex subsidy for 46 units and provide $8.87MM of construction, permanent and acquisition funding. Additional funding will be provided by Atlanta BeltLine, Inc., Bank of America, The Georgia Department of Community Affairs (DCA) and a bond commitment of $21.5MM from Invest Atlanta with support by the City of Atlanta. Upon completion, the development will consist of 116 multifamily rental units, of which all will be deemed affordable at or under 80% of the AMI. To view the official press release, click here.