ATLANTA , March 24, 2022 /PRNewswire/ — The Atlanta Housing Office of General Counsel announced the closing of James Allen Jr. Place Rental Assistance Demonstration (RAD). The closing was completed March 10, 2022, and funds have been disbursed.

James Allen Jr. Place, known formerly as Hightower Manor, will undergo a substantial renovation that will provide needed updates to the property, such as significant system and building envelope improvements, to serve seniors and young disabled residents for years to come.

“Our RAD conversion closings are an example of successful public/private partnerships and interagency cooperation, and this deal brought together Invest Atlanta and the Georgia Department of Community Affairs with Atlanta Housing and its development partner, Columbia Residential, LLC,” said Eugene E. Jones, Jr., president and CEO of Atlanta Housing. “Atlanta Housing’s talented team members from Real Estate Services & Oversight, Office of General Counsel, Real Estate Transactions Management & Capital Markets, Finance, and Construction and Facilities Management worked tirelessly to make this transaction a reality.”

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Source: CISION PR Newswire

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