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MegadealsSubsidy Tracker Individual Entry
Company: Vesta Adams Park LLC
Parent Company:
Subsidy Source: local
Location: Georgia
County: Fulton
Project Description: Finance the redevelopment of an existing, dilapidated multifamily housing project into approximately 298 apartment units in 26 apartment buildings (with average rent levels to be set at approximately 67.5% of AMI), one pool, one laundry building, and one clubhouse to be located at 1991 Delowe Drive SW in the City of Atlanta
Year: 2020
Value of Loan, Loan Guarantee or Bailout Assistance: $30,000,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Fulton County: Bond Financing Program
Awarding Agency: Development Authority of Fulton County
Type of Subsidy: loan or bond financing
Number of Jobs or Training Slots: 17
Source of Data: Direct from agency; not on web
Notes: Year is year of award issuance. Subsidy is the amount of bond. Jobs are projected permanent jobs. The bonds are tied to property tax abatements.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.