Press ReleasePeter L. Curry shared his insight with Multi-Housing News on a new mixed-income real estate development in Atlanta, GA and how public-private partnerships can drive significant investment in underserved communities.
From the article:
Peter L. Curry, a commercial real estate and economic development lawyer at the New York firm Farrell Fritz, told CPE, “As proposed, this project would be an excellent example of a public-private partnership where the developer invests significant capital and leverages the city’s financial assistance to enhance an under-served community greatly.
“A key to its success will be that all units are contained in one building, and all residents have access to the same amenities. Publicly assisted residential projects where the developer can establish separate building entrances for the affordable unit renters or restrict services serve to divide the residents more than provide a true mixed-income experience. It will be interesting to see if the project can obtain the construction financing necessary to bridge the gap between the tax-exempt bond proceeds and the developer’s equity.”
Read the full article here:
$160M Mixed-Income Tower Wins Approval in Atlanta – Multi-Housing News (multihousingnews.com)
