About $9 million in low-income housing tax credits from the Georgia Department of Community Affairs will go toward a $13 million, 100-unit senior apartment complex in Acworth.
The project will be built at the site of a former government housing project on School Street that was razed in 2011. Half of the units will be subsidized through the Marietta Housing Authority. The development is a public-private partnership between the MHA and Cobb-based Walton Communities, which has a 15-year contract to manage the apartment community once finished. Construction is expected to begin in early 2014 and be finished in 2015.
Since 2009, the MHA and Walton have been awarded $27.9 million in tax credits for other senior developments throughout Acworth and Marietta.