To

Mayor and Council

Subject

Victory Crossing Senior Apartments

Initiator

Department Community/Economic Development

Recommendation

Approval is requested of a resolution in support of Ironwood Development, LLC, \n \n construction of Victory Crossing Senior Appartment on the west side of North \n \n Lumpkin Road, north of Airview Drive.

Approval

Approved

Background

Ironwood Development, LLC, is rezoning properties for future development of a

senior citizen apartment complex on the west side of North Lumpkin Road, north

of Airview Drive. This project is a Georgia Department of Community Affairs

(DCA) Low Income Housing Tax Credit project. A resolution is required as part

of the DCA process.

Analysis

This project will be adjacent to another tax credit project, Springfield

Crossing, which Ironwood Development, LLC is developing. The complex will

serve to develop long abandoned property and create affordable housing for

senior citizens. The project will also be another promising development within

the Enterprise Zone.

Financial Considerations

Tax abatements under the City's Columbus Business Development Center will be

made available to this project.

Projected Annual Fiscal Impact Statement

Legal Considerations

There are no legal considerations for this resolution.

Recommendations/ Actions

The Planning Division recommends approval of the resolution of support for

Victory Crossing Senior Apartments.

No attachments for this document.