More than 100 units of affordable housing are in the works in Reynoldstown, an east Atlanta neighborhood that’s been welcoming little more than luxury development in recent years.
On Wednesday, the Atlanta Housing (AH) board of commissioners elected to extend the ground lease for a city-owned property at 890 Memorial Drive, paving the way for the public housing agency to close on the site.
Neighboring the Beltline’s ever-bustling Eastside Trail, “Madison Reynoldstown” will be a 116-unit apartment complex packed with homes priced for households earning between 30 and 80 percent of the area median income (AMI) — and no market-rate units — as well as 2,700 square feet of ground-level retail and commercial space.
