An Award for City Lights
Saturday, March 12, 2016
The National Association of Home Builders (NAHB) has given City Lights Apartment Homes, in Atlanta’s Old Fourth Ward, its GOLD award as the Best 55+ Affordable Rental Community in the U.S. NAHB announced the honor in January at its International Builders Show in Las Vegas as part of its annual Best of 55+ Housing Awards presentation that recognizes excellence and innovation in the design, development, lifestyle and marketing of housing that appeals to the mature market.
The Urban Residential Finance Authority, a component unit of Invest Atlanta, issued $7.5 million in tax-exempt bonds and provided $600,000 in HOME funds to finance the first phase of the City Lights development, which will consist of an 80-unit apartment community for low-income, independent seniors, ages 62 and older.
Developed by Wingate Companies and its partner, Columbia Residential, City Lights is the first step in the multi-phase redevelopment of the Village of Bedford Pine. The apartment homes are expected to be completed this summer, and will provide residents with a state-of-the-art fitness center, TV and movie room, community kitchen, sun deck, covered garage, business center, and WiFi access.