City Lights and Station 464 Revitalize Old Fourth Ward in Atlanta
Located in the heart of Atlanta’s Old Fourth Ward, the original Bedford Pines housing community was developed as project-based Section 8 housing in the 1970s. Wingate Companies sought to redevelop the site to better meet the needs of the tenant population and better fit the rapidly redeveloping neighborhood.
With the support of the City of Atlanta and the Department of Housing and Urban Development (HUD), Wingate Companies embarked on the first two phases of a multi-phase redevelopment of Bedford Pines with City Lights and Station 464. HAO helped structure the transaction so that both projects could be fully subsidized under new HAP contracts and guided the project through the HUD approval process.
Applicable HUD Programs
- 221(d)(4) FHA Insured Loans
- Project-Based Section 8
- HAP Contract Bifurcation
- HAP Renewal
Phase 1: Senior Housing
City Lights: 80-unit Senior Housing Redevelopment
To initiate this multi-phase project, Wingate Companies worked with HAO to structure the transaction and obtain HUD approvals necessary to demolish existing Bedford Pines buildings and replace them with a new construction, 100% Section 8, senior project with a full set of amenities.
This included obtaining HUD approvals for the creation of a senior project, to bifurcate HAP contract subsidy from the demolished buildings, and to assign the newly created HAP contract to the owner of City Lights.
Phase 2: Family Housing
Station 464: 96-unit Family Housing Redevelopment
Station 464 was the second phase of the redevelopment. As with City Lights, HAO helped structure the transaction to facilitate the demolition of Bedford Pines buildings so that they could be replaced with a new construction, 96 unit building.
Unlike City Lights, Station 464 was comprised of units bifurcated from multiple phases of Bedford Pines. Accordingly, HAO worked with Wingate to lay the groundwork and obtain approvals needed to create the new Station 464 HAP contract that would subsidize the new building and provide for its long term affordability.
Complex Redevelopment Addresses Long-Term Affordability and Housing Needs
The original community’s low-density housing no longer met the needs of the neighborhood. Through its work with HUD, HAO helped Wingate make its redevelopment possible. Wingate will continue with its redevelopment plan until all existing Section 8 housing is replaced in new construction buildings.
Additional information on Wingate is found on their website at https://www.wingatecompanies.com.
View Examples of Our Other Work
Our partnership with Wingate Companies shows how HAO guides clients through complex, multi-phase projects. See other examples of our work by viewing our project portfolio.