Gateway at Rossville in Rossville, Georgia

Gateway Opens 156-Unit Workforce Housing Community in Rossville, Georgia

by Channing Hamilton

ROSSVILLE, GA. — Gateway Development Corp., an affiliate of Gateway Management Co., have opened Gateway at Rossville, a 156-unit workforce housing community located in the Chattanooga, Tennessee suburb of Rossville. Arlington Construction served as the general contractor. Valdosta, Georgia-based Studio 8 Design was the architect.

Situated on 18 acres, Gateway at Rossville is available to households earning at or below 60 percent of the area median income. Amenities include a clubhouse with gathering spaces, pool, fitness center, computer room, playground and covered pavilion with a picnic area.

The construction of Gateway at Rossville was funded through a $28 million construction loan from Synovus Bank, $15 million in Federal Tax Credit investment from Synovus Bank, $9 million in State Tax Credit investment from Monarch Private Capital and a $11 million permanent loan from Fannie Mae through BWE. The project involved a capital investment of approximately $36 million, including a direct project investment of $27 million. 

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