The Develop Fulton Board of Directors approved a bond resolution to advance a mixed-use development targeted at affordable housing in southwest Atlanta. Located on Woodrow Street SW in Atlanta, the $76.76 million project developed by Woodfield Acquisitions will bring 326 new mixed-income residential units and commercial space to the area.
20% of the units will be affordable, and 5% of those designated units will be reserved for individuals using tenant-based vouchers.
The project, known as 840 Woodrow, will include outfitting repurposed shipping containers to serve as designated storefronts to support area startups and local entrepreneurs.
demonstrates the power of public-private partnerships to drive both growth and equity.”
Key highlights of the 840 Woodrow project include: More than 500 construction jobs and 40+ permanent jobs created, 66 affordable/workforce housing units with rent limits based on 80% of AMI, and subsidized commercial space, including shipping container storefronts for startups and small businesses.
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