- LIHTC Project
Total Rental Homes
Total Development Cost
Laurel Street and the South Rome Alliance are partnering to build South Meadows Apartments, a new affordable housing community in the South Rome neighborhood, as part of continued efforts to transform South Rome into a thriving mixed-income neighborhood under the Purpose-Built model. The community features 80 high-quality residences in a series of modestly scaled buildings on a 9-acre site designed to blend into the surrounding residential neighborhood. With one, two, and three-bedroom units for households earning 30%, 60%, and 80% of area median income, South Meadows Apartments will be a model of multi-generational mixed-income living. Community amenities include the South Meadows Farm, garden plots, an educational facility, a community gathering room, a fitness center, laundry facilities, and a communal green with a playground and covered pavilion. Apartment features include open floor plans, pantries, hardwood-style flooring, quality appliances, walk-in closets, washer and dryer connections, ceiling fans, upgraded light fixtures, and patios or balconies.
The 80 apartments will range in rental prices of $250 per month to over $1,000 per month for three-bedroom apartments. Construction will be complete by fall of 2023
Laurel Street develops communities for working families and seniors, designed to integrate into the community. Developments include community features and amenities such as: functional floor plans, lush landscaping, attractive interior finishes and distinctive exterior elevations. In all of their communities, they consider connections to education, employment, transportation, recreation and shopping to enhance the lives of the residents.
Tax credits totaling $17 million have been secured, with the support of Goldman Sachs’ One Million Black Women initiative.