ESG-Related Project Profile

Centennial Place Apartment Homes

1,486

Jobs Created

$17,638,450

Local Tax Revenue Generated

$91,767,000

Income Generated

The Centennial Place Apartment Homes are located in the heart of metro-Atlanta, Georgia. The 23-million-dollar mixed-income development consists of 181 multi-family apartment units with floorplans ranging from one to three bedrooms and affordable rent options in place for cost-burdened households. The pet-friendly community features spacious apartment homes complete with in-unit washer and dryers, large private patios and balconies, energy-efficient appliances and extra storage options for tenants. At Centennial Place, residents can also enjoy a number of high-quality amenities, including a sparkling resort-style pool, fitness center, a computer café and multiple playgrounds perfect for young children. Positioned just minutes from much of Atlanta’s illustrious dining, shopping and entertainment options, and a short walk to the North Avenue MARTA station, the city’s public transportation system, the affordable development allows for convenient access to all the resources one may need. Thanks to the Low Income Housing Tax Credit (LIHTC), the Centennial Place Apartment Homes aid in the economic development of the area by creating jobs and bringing new tax revenues into the city, alleviating financial burdens and improving the lives of Atlanta locals.  

About Atlanta

Atlanta, Georgia, the city that quite literally rose from the ashes after being burned and reduced to rubble during the Civil War, has long been considered the financial and commercial capital of the Southeast. The city was originally established as the starting point of the Western and Atlantic Railroad and quickly became the gateway for railway passage between the Atlantic Seaboard and western regions. Deeply rooted in the Civil Rights Movement, Atlanta served as the home to Martin Luther King, Jr., and was the first key city in the South to elect an African American mayor. Maintaining its status as a major transportation hub, the city now hosts the world’s busiest airport, Hartsfield Atlanta International. As the third-largest concentration of Fortune 500 companies in the nation, a variety of industries contribute to Atlanta’s economy, including telecommunications, banking and insurance, and automobile, electronics and beverage production, to name a few. Over 40 degree-granting institutions are located within the metropolitan area, solidifying the city as a significant educational center as well. The 1996 Olympic Games were held in Downtown’s Centennial Olympic Park, and notable professional sports franchises, including the Atlanta Braves, Hawks, Falcons and Atlanta United FC, have all laid their roots in the Capital. Long defined by the mythical phoenix, which rises from its own ashes, the city of Atlanta has and will always continue to advance and evolve, pioneering new trails and driving forward critical socioeconomic progress not just in the South but the entire country.

Community Impact

The Centennial Place Apartment Homes benefit the metro-Atlanta community in a variety of ways. The development’s central location brings residents closer to new job opportunities and essential shops and services, greatly reducing commute times and costs. The addition of people or consumers to the area also supports surrounding businesses as new locals search for their favorite neighborhood restaurant or pastime. Most importantly, the affordable rent structures available for income-qualifying households allow tenants to save on living costs, freeing up room to spend on other valuable resources or programs not easily accessible before. The positive impact of the Centennial Place Apartment Homes continues to shine through the social and economic growth of the metro-Atlanta area.

About the Developer

The Integral Group LLC has been developing sustainable real estate, community and infrastructure solutions for about twenty-five years with a portfolio of 48 projects to date. Through continuous innovation, the firm creates great urban communities and development projects that offer affordable, workforce and luxury housing options. Their extensive experience creating master-planned, mixed-use and mixed-income communities, multi-family and senior housing residences, and transit-oriented developments provides opportunities that help bring their vision to life.

ESG Project Type:
Affordable Housing
Tax Credit Type:
State
Address:

526 Centennial Olympic Park Dr NW
Atlanta, Georgia 30313

Contact us for more information about ESG Investing, state and federal tax credits.