News & Events

May 29, 2011: Housing Authority of Roswell, Georgia purchases land for more Elderly Housing

The Housing Authority purchased a 1.39 acre vacant parcel on Oxbo Road in Roswell overlooking Vickery Creek  on May 3, 2011.  In collaboration with the private non-profit housing group, Find A Way Home, a HUD 202 Supportive Housing for the Elderly was submitted on June 21, 2011. This application calls for a capital advance and on-going rental subsidies totaling approximately $3,000,000. The housing authority has contributed the land through a long term ground lease and is underwriting pre-development costs as leverage. If funded, thirty-nine new units will be available for low-income frail elders with one resident managers unit.

 

 

 

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