Advantage Capital has secured over $53 million in state low-income housing tax credits to support the development and rehabilitation of three housing communities in the Atlanta metro area, totaling over $200 million in investment. Two new affordable housing projects will be developed in Southwest Atlanta’s Greenbriar neighborhood: The Flats at Stone Hogan will offer 256 affordable units, while The Villas at Stone Hogan will provide 192 units for renters aged 55 and older. Both developments, led by Zimmerman Properties, are expected to cost $100 million and $70 million, respectively. Additionally, Advantage Capital is funding the $20 million redevelopment of Applewood Towers, which is set for completion by the end of 2025. The new developments on Stone Hogan Connector Road are expected to finish by mid-2027. These projects will deliver over 600 affordable housing units to the area.
