The Piedmont Housing Alliance is inching closer to the opening phase of the redevelopment of Friendship Court.
PHA recently released new renderings of the first portion of the four-phase project.
Phase one includes 106 units on about 4 acres of the property off Monticello Avenue.
Construction would take place on undeveloped land along Sixth Street Southeast and includes 35 multi-family homes and a 71-unit apartment complex. Of those units, 46 will be used by current residents who will be moved from the next area of development.
Most of the new units will be affordable housing for households making $25,000 to $50,000, PHA Executive Director Sunshine Mathon said.
Some of the units will be at market rate but remain income-restricted to residents making about $70,000.
“There will be a broad mix of incomes across the site,” Mathon said. “It’s still a mixed income community, but capped so you don’t have such an income disparity on the site.”
The first phase, estimated at $30 million, will be spread across three buildings. Two will have 35 stacked townhomes and include two-, three- and four-bedroom units.
Building one will have a secured bike parking space and house the property’s maintenance offices.
The third building will have the apartment units over a covered parking garage. It includes 9,000-square-feet of amenity and office space. Amenities will include a library, multipurpose room, game room and fitness center.
The apartments will range from one to four bedrooms.
The city’s Capital Improvement Program contributes about $4.4 million in the upcoming fiscal year to the project.
PHA applied for federal Low-Income Housing Credits in March and should know if they were received by mid-June.
If the credits are awarded, Mathon said the project is estimated to start in early 2020 and last 15 to 16 months.
Phase two of the project will be roughly 100 units, 77 of which will be affordable housing and 23 will be market rate. Fifty-four units will be occupied by existing families.
Phase three will be 100 units, with 75 affordable and 25 market rate.
Phase four hasn’t been fully developed, but it likely will need 75 affordable units to meet PHA’s goal of 150 across the redevelopment.