ATLANTA — Columbia Residential has secured financing for a $28.4 million renovation and preservation project at Columbia Senior at MLK Village, an affordable seniors housing community located in Atlanta.
Originally developed in 2007 in partnership with Ebenezer Building Foundation, Columbia Senior at MLK Village features 121 units for residents age 62 and older. The preservation project will rehabilitate the community and upgrade amenities at the property.
Atlanta Housing has committed 121 HomeFlex vouchers for 20 years to the community. Funding for the renovation includes tax-exempt bond financing issued by Invest Atlanta, federal and state LIHTC equity, HUD 223F and 241a loans, Invest Atlanta Housing Opportunity bonds and City of Atlanta HOME funding.
Construction is currently underway, and completion of the project is scheduled for December 2026. JHP Architecture and Urban Design is the architect, with Atlas and Trinity Construction Services serving as the civil engineer and general contractor, respectively. SK Collaborative is acting as the green building consultant.