Columbia Residential has hired Carmen Chubb, an experienced public-sector executive, as president to help the developer “double the size” of its affordable housing construction to meet rapidly increasing need, CEO Jim Grauley told Atlanta Civic Circle.
Columbia, one of Atlanta’s best-known affordable housing developers, owns and manages more than 6,500 mixed-income and below-market-rate multifamily units inside the I-285 Perimeter alone, with a portfolio spanning Georgia, Florida, Louisiana, and Texas.
But the need for affordable housing is magnitudes greater than what’s available, as rents in Atlanta and elsewhere continue to spike, Grauley said. “We’re producing as much as anybody, and we’re still not getting near what needs to be done,” he said, adding that Columbia has about 45 projects in metro Atlanta, with more under construction.
