ATLANTA — Stryant Investments has broken ground on Ralph David House, an adaptive-reuse development that converts a former motel in Atlanta’s Reynoldstown neighborhood into 54 units of permanent supportive housing. The community will be affordable to households earning at or below 30 percent of the area median income. Rents and utility costs combined will also be capped at 30 percent of each tenant’s income. The complex is slated to open in the fall of 2024.
Atlanta Beltline Inc. invested $550,000 into the project through the BeltLine’s TAD Increment Fund, which is managed by Invest Atlanta. The development has also received financing through the Atlanta Affordable Housing Fund, City of Atlanta HOME funds and Partners for HOME’s HomeFirst program. Terminus Design Group was the architect of record.