Atlanta Housing and the City of Atlanta plan to leverage the grant into more than $500 million for the rejuvenation of the site of the former public housing project and the surrounding area.
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The 100%-affordable development will be known as Madison Reynoldstown and comprise two midrise buildings on a 1.2-acre parcel on the corner of Memorial Drive and Chester Avenue.
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Redfin reported 32.4% of its users in January were looking to relocate, the highest percentage since it started tracking the data in 2017.
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Lee, who most recently served as chief housing officer at Atlanta Housing, will continue her work as the city’s chief housing officer under mayor Keisha Lance Bottoms.
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