New subsidized senior housing development coming to Acworth

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Source: Marietta Daily Journal

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.

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