ESG-Related Project Profile

Sable Chase Apartments

1,847

Jobs Created

$21,926,250

Local Tax Revenue Generated

$114,075,000

Income Generated

The Sable Chase Apartments are located in McDonough, Georgia, and bring quality homes and new opportunities to the community. The 20-million-dollar affordable housing development offers 225 multi-family apartment units to singles and families earning at or below 60 percent of the average median income (AMI) for the area. Comprised of 28 two-story walk-up apartment buildings with floorplans ranging from 1-3 bedrooms, residents of the Sable Chase Apartments can enjoy superior features and amenities, including a fitness center, lighted basketball and tennis courts, laundry facilities, a sparkling pool and sundeck, and so much more. By utilizing the Low Income Housing Tax Credit (LIHTC), Sable Chase aids in the social and economic advancement of the city of McDonough and surrounding communities.

About McDonough

The city of McDonough was founded in the 1820s and was named after Commodore Thomas MacDonough, a decorated naval officer from the War of 1812. As the leading business, cultural and educational center of the area, McDonough became the first in the United States to be officially designated as a “City of Character.” With the introduction of the railroad, more people started moving to the city, building homes, practicing law, and even moving the newspaper from Hampton, Georgia to McDonough. Now, McDonough is considered a “town for all seasons,” offering unique dining, shopping and community activities for both residents and visitors alike.

Community Impact

The Sable Chase Apartments provide cost-burdened households with quality homes that offer modern features and amenities and bring new resources to the community. Located in close proximity of a variety of restaurants, shops and services, the new development allows for quick and easy access to essentials and also opens up new employment opportunities for residents. Sable Chase continues to have a positive impact on the local economy, increasing purchasing power by offering affordable rents and bringing new jobs and tax revenues to the area.

About the Developer

Capstone Development Group specializes in high-quality, affordable communities for families and seniors. Founded in 1976, Capstone Development Group has built approximately 350 neighborhoods in 17 states, containing some 14,000 homes. Capstone is focused on the use of innovative finance programs to help build our communities. The company has extensive experience with a full array of affordable housing finance tools, and successful partnerships with a variety of State Housing Finance Agencies, lenders, non-profit entities, equity syndicators and local housing authorities. Capstone recognizes that the success of a neighborhood is measured over many years, not just at the time the property is complete. Their team possesses a thorough understanding of project design and construction, and they use sustainable building materials that yield an aesthetically pleasing product while requiring minimal maintenance.

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

102 Sable Chase Blvd
McDonough, Georgia 30253

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