Tax break paves way for affordable senior residences near MARTA stop – SaportaReport
More affordable apartments for seniors are bound for a site just south of the Avondale MARTA station, marking another win for transit-oriented development advocates.
On Friday, representatives with developer Columbia Residential announced the firm’s Senior Residences at Decatur East project had secured a coveted 9-percent Low Income Housing Tax Credit (LIHTC)—a highly competitive public subsidy—from the Georgia Department of Community Affairs to propel the development’s second phase.
The project exemplifies the kind that housing experts say actually deserve public assistance, unlike the many developments that claim tax breaks or other government subsidies when they don’t really need them.
