Low-cost housing development relocating to historical Atlanta neighborhood.

A new and exciting project has been launched in Atlanta's Auburn Avenue neighborhood - a rare and affordable housing initiative. The project offers fully-furnished, multi-bedroom apartments at well below market price, bringing hope to families and individuals struggling with rising housing costs in the city.

This is just the first phase of a multi-million dollar housing endeavor, made possible by a collaboration between private and public sponsors. According to WSB-TV, this project will breathe new life into a community that has long suffered from stagnant development.

Not only will these new apartments bring a fresh and modern aesthetic to the neighborhood, but they also come with unique amenities that will change the lives of its future occupants. Ranging from one to three bedrooms, these apartments are perfect for families in search of more affordable options. And for those looking for a larger space, the three-bedroom units also come fully furnished. The starting price for these units is $1,400 - a steal compared to the $1,200 starting price for one-bedroom apartments in the area.

The Auburn Avenue neighborhood, also known as "Sweet Auburn," holds significant historical value, including being the childhood home of Dr. Martin Luther King Jr. Local leaders are thrilled about this new initiative, especially as the city continues to grapple with rising housing costs. U.S. Representative Nikema Williams spoke at a news conference, expressing her excitement and highlighting how this project aligns with her top priorities - affordable housing and closing the racial gap. A member of the Historical District Development Corporation also chimed in, stating that this project was something that had never been done before, making it all the more significant.

Currently, Atlanta is facing a growing homeless population and a lack of affordable housing. However, various organizations and initiatives, including this one, are taking steps to address these issues. The city is also implementing new resolutions to prevent more residents from becoming homeless. The leasing applications for these new apartments will be available in the upcoming weeks, and more information can be found on the HDDC's website. These new units are expected to welcome tenants in August, bringing much-needed relief to the community.

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