Groundbreaking Ceremony for Affordable Housing Project in Gainesville

News Summary

A groundbreaking ceremony was held for the Harrison Village Phase I affordable apartment community in Gainesville. This joint project by Paces Preservation Partners and the Gainesville Housing Authority aims to replace the outdated Harrison Square complex. With a $40 million investment, the new development will provide affordable housing for residents with limited incomes, ensuring a smooth transition for current tenants. Future phases will focus on additional housing options, including units for seniors, to better serve the community’s diverse needs.

Gainesville, Georgia: Groundbreaking Ceremony for Affordable Housing Project

A groundbreaking ceremony for the Harrison Village Phase I affordable apartment community took place on July 30, marking a significant development in the Gainesville area. This project is a joint effort between Paces Preservation Partners and the Gainesville Housing Authority, aimed at providing much-needed affordable housing options to residents.

Harrison Village Phase I is designed to replace the outdated public housing complex known as Harrison Square. The new development will occupy over 17 acres of land and is projected to provide affordable housing solutions for families and individuals living with limited incomes. The total investment for this project is $40 million, which includes a combination of funds and tax incentives.

Apartments in Harrison Village Phase I will cater to renters whose income falls between 30% and 80% of the area’s median income, ensuring that affordable housing remains accessible to those in need. The Georgia Department of Community Affairs played a crucial role in the project by allocating tax-exempt bonds and low-income housing tax credits. The financing for the project was facilitated through tax-exempt bonds issued by the Gainesville Housing Authority.

Current tenants residing at Harrison Square will be provided the opportunity to transition to the newly constructed units at Harrison Village Phase I once they are completed. This strategy is designed to minimize disruption for existing residents and ensure a smooth transition to the newly developed community. For the duration of the construction process, Harrison Square will remain operational, allowing its current residents to maintain their housing until the new units become available.

Once Harrison Village Phase I is completed, the older structures of Harrison Square will be demolished. This will pave the way for a subsequent phase, known as Phase II, which will focus on constructing new apartment homes specifically designed for seniors. This expansion is part of a broader effort to enhance the availability of affordable housing tailored to the needs of different demographic groups within the Gainesville community.

Among those participating in the groundbreaking ceremony was Gainesville Mayor Sam Couvillion, along with officials from the Gainesville Housing Authority and representatives from partner organizations. Their attendance underscores the collaborative nature of the project and the commitment to addressing the housing needs within the community.

Overall, the Harrison Village initiative represents a forward-thinking approach to affordable housing in Gainesville, as it seeks to not only replace aging facilities but also create a vibrant community that meets the diverse needs of its residents. The development aims to foster an environment where individuals and families can thrive, contributing positively to the city as a whole.

As the project progresses, the Gainesville Housing Authority and Paces Preservation Partners will continue to engage with community members and stakeholders to ensure that the needs of residents are met throughout the housing transition.

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