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[2] [3] In 1913, the Ponce de Leon Apartments officially opened. [1] The building was designed to have several large apartment units on most floors, with the top two floors reserved for bachelor apartments. [2] [3] Additionally, the building housed Atlanta's first penthouse when it was built on the roof of the building in 1932.
[12] [13] In 2019, Atlanta was named the fourth fastest gentrifying city in the United States. [14] Since 2010, corporate investors have served as a major catalyst for gentrification in Atlanta. Atlanta has one of the most appealing real estate markets in the nation which attracts corporate investors from around the world.
Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K Apartment Across the Hall (Exclusive) Kristi from @kristiipartyof6 and her husband are parents to ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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The project was named for Alonzo F. Herndon, who was born a slave, and through founding the Atlanta Life Insurance Company became Atlanta's richest African American. [36] [37] On June 15, 2016, Atlanta Housing Authority announced a development team has been selected to create a mixed-use mixed-income community on the site, "Herndon Square". [38]
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