Heritage Place Apartments, an 88-unit facility, is slated to open in the historic Cuyler-Brownsville neighborhood on Saturday, Gina Coupens, a spokesperson from Atlanta-based Mercy Housing SouthEast, tells GlobeSt.com. Mercy Housing began developing the property back in October 2000 alongside NorSouth Corp. of Atlanta.

Total development costs are $7.9 million. Heritage Place consists of one, two and three-bedroom apartments. The amount of rent a resident pays depends on his household income and must not exceed 60% of the area median household income ($28,920 or lower for a family of four).

MHSE is a member of the Mercy Housing System, a national not-for-profit affordable housing development and management company. NorSouth Corp. is a private apartment developer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.