Berkadia has secured $28.3 million in financing for Englewood Multifamily, a 200-unit mixed-income development in Atlanta, Georgia, aimed at enhancing affordable housing options through public-private partnerships.

Target Information

Berkadia has successfully secured financing for Englewood Multifamily, a 200-unit mixed-income and mixed-use property located in the Chosewood Park neighborhood of Atlanta, Georgia. This five-story development is a crucial element of public-private partnerships aimed at enhancing affordable housing options in the city.

The financing, amounting to $28.3 million, was arranged by Managing Director Carolyn Whatley and Director Angela Folkers from Berkadia's FHA/HUD team on behalf of The Benoit Group (TBG) and The Housing Authority of the City of Atlanta (AHA). The project is part of a larger 37-acre master plan that will also incorporate various residential, commercial, retail, institutional, and recreational uses.

Industry Overview in Atlanta

The affordable housing sector in Atlanta has seen significant growth due to increasing demands for accessible living options and urban revitalizatio