Groundbreaking Kicks Off Work on Rehab of Wheat Street Towers
Friday, September 1, 2017
The official groundbreaking for upgrades to the Wheat Street Towers on Auburn Avenue took place on Thursday, August 17. The Urban Residential Finance Authority (URFA) supported the acquisition, rehabilitation, preservation of the residential complex through a $12.5 million bond financing.
Once open, the Wheat Street Towers will have 208 units available for seniors earning 60% Average Median Income (AMI). The existing Housing Assistance Payments Contract will stay in place, and residents will pay no more than 30% of their income. Residents will live in updated residences, with access to amenities like a business center, fitness center, and a central laundry.
Members of the Invest Atlanta team were on hand to celebrate alongside the Benoit Group, Wheat Street Charitable Foundation, Dorchester Management, and others who made the day possible.Tweet