Bowen Homes Redevelopment Kicks Off A New Era for Housing
Launch of the Bowen Homes Redevelopment Project
Ceremony marks the beginning of a transformative journey with the addition of 151 new units.
Restoring Bowen Homes
Atlanta Housing (AH) and various partners recently celebrated the groundbreaking of Bowen Homes Phase I, representing a major investment of $63.6 million aimed at revitalizing the historic Bowen Homes site. Local leaders from Invest Atlanta and the Georgia Department of Community Affairs gathered to witness this significant milestone. This redevelopment is not only about constructing buildings; it quest aims to create a vibrant mixed-income community that serves as a model for equitable redevelopment across the nation.
Impact on the Community
Located in a key area, this first phase will add 151 essential housing units, most of which are designated as affordable. AH President and CEO, Terri Lee, emphasized the importance of this project, stating that it empowers individuals, promotes economic independence, and ensures comprehensive support for families.
Key Investments for Growth
The impetus for this transformative check stems from a $40 million HUD Choice Neighborhoods Implementation grant and over $523 million in combined public and private commitments. These funds are expected to spur further revitalization efforts along key corridors, fostering growth beyond the urban core.
Excitement from Community Leaders
Atlanta Mayor Andre Dickens expressed his enthusiasm about the redevelopment, highlighting how this project not only introduces new homes but also honors community legacy and future aspirations. The project will provide essential services, such as access to fresh produce and green spaces, revitalizing the neighborhood for those who have long awaited these improvements.
Housing Sequence and Accessibility
The initial phase will comprise various housing designs to cater to a wide range of income levels:
- 48 units for those earning 30% or below of the Area Median Income (AMI).
- 49 units for families earning up to 60% AMI.
- 10 workforce housing units aimed at essential professionals, including educators and healthcare workers.
- 44 market-rate units, encouraging diversity and integration within the community.
A Vision for Care and Sustainability
Vincent R. Bennett, CEO of MBA Properties and McCormack Baron Salazar, spoke to the project's overarching vision. He expressed pride in contributing to a development that not only delivers high-quality housing but also shapes a flourishing community reflecting the desire and tenacity of its residents.
Long-Term Neighborhood Goals
The Bowen Homes initiative is envisioned as the first segment of an extensive redevelopment strategy for the Carey Park community, with a focus on:
- Developing more than 2,000 rental and ownership units.
- Enhancing greenspaces and implementing sustainable practices for water management.
- Improving road systems and creating walkable communities.
- Ensuring access to fresh food options tailored to community needs.
Foundational Pillars of Redevelopment
Aligned with HUD's Choice Neighborhoods Initiative, this redevelopment will center on three crucial pillars: housing, enhancing residents' opportunities, and strengthening neighborhoods. This comprehensive approach aims to improve not only the physical infrastructure but also the socio-economic dynamics of the area.
Health and Community Well-Being
Wade A. Rakes, a key player from Centene Corporation, underlined the fundamental role of safe, affordable housing in promoting health and community welfare. The collaborative efforts among city leaders, community stakeholders, and development partners will contribute significantly to cultivating a sustainable neighborhood.
Next Steps in Development
Capstone Building Corporation has mobilized as the general contractor for Phase 1, signaling the beginning of construction activities aimed to wrap up by mid-2026. This early progress reflects the urgency of transforming the Bowen Homes site into a vibrant community.
About Atlanta Housing
President and CEO Terri M. Lee oversees the Housing Authority of the City of Atlanta, one of the largest housing authorities in the U.S., dedicated to providing affordable housing resources to low-income families. AH facilitates around 27,000 households, emphasizing innovative strategies for sustainable living.
Frequently Asked Questions
What is the total investment for the Bowen Homes redevelopment?
The total investment for the Bowen Homes redevelopment is $63.6 million, aimed at creating 151 new units.
How will the redevelopment improve the community?
The redevelopment aims to create a mixed-income community, enhance green spaces, and provide easier access to essential services.
What type of housing will be available?
Bowen Homes will feature various housing options, including affordable, workforce, and market-rate units catering to a range of income levels.
Who are the key partners involved in the redevelopment?
Key partners include Atlanta Housing, Mayor Andre Dickens, Centene Foundation, and other local organizations and developers dedicated to the project.
When is the expected completion date for Phase 1?
Completion of Phase 1 is projected for mid-2026, with construction already underway by Capstone Building Corporation.
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