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South Columbus, Georgia, to Get First New Homeownership Housing in in over 50 Years with $6 million NMTC Allocation

NeighborWorks Columbus (NWC) is one of five non-profit recipients of Community Housing Capital's (CHC) $30 million New Markets Tax Credit (NMTC) allocation. With a $6 million NMTC allocation from CHC, NWC plans to construct approximately 26 single-family homes in South Columbus, Georgia's new Elliott's Walk subdivision. The subdivision is the first new housing in south Columbus designed for homeownership in over 50 years. The project was the dream of Hal Averett, a local housing advocate who passed away in 2018. He partnered with NW Columbus to plan the affordable development that will soon become a 33-acre residential development with ample green space, easily accessible schools, parks, public transportation, and even 18+ acres of natural preserve. Home prices will range from $120,000 - $160,000, and with a sizeable list of customers, NWC estimates that 60% of homebuyers will also qualify for Local Incentive Programs for down payment assistance.

Created on 27 April 2022