At its April breakfast meeting, Star-C hosted a panel discussing The Flats and Villas at Stone Hogan, a 448-unit affordable housing community near Greenbriar Mall. The panel was moderated by Audrea Rease and featured Tab Bullard (Zimmerman Properties), Christoper Myrick (Summit Contracting), Vickey Roberts (InvestAtlanta) and Dr. Kristen Horton (Principal, Continental Colony Elementary).
Areu Bros. Studio, formerly Tyler Perry Studios, sold 23 acres in west-Atlanta acreage to Zimmerman after receiving proposals from 12 bidders. Upon construction completion, Star-C will provide afterschool programs and resident services designed around the social determinants of health, for the estimated 1,000 residents low-income families and elderly residents.
Housing has a profound effect on children’s academic trajectory and the ability for future generations to transcend poverty. It is common for schools in low-income neighborhoods to report mobility rates in excess of 40% per year compared to 5% in wealthier neighborhoods. Stable, affordable housing has a multiplier affect which stabilizes schools. Our partner school is Continental Colony Elementary – located across the street from the project – and Principal Dr. Horton shared the annual transiency rate is 44%.
The phenomena of renter families that move multiple times a year in search of affordable housing is now epidemic, fueling the education crisis. Every time landlords raise rents $100 a month, it equates to a 15% rise in homelessness. The combination of stable housing and resident services will help reduce transiency and improve academic performance and life outcomes for the resident families.
Star-C hosts monthly zoom calls on the last Thursday of each month. For more information, visit www.star-c.org
