Riddle Property Group, LLC, in partnership with The NCRC Housing Rehab Fund, LLC (NCRC HRF), known as GROWTH by NCRC, has signed a development agreement to build affordable new townhomes in Atlanta’s historic Vine City neighborhood. The Parkview development, located across from the new Rodney Cook Sr. Park near the corners of Walnut St. NW and Thurmond St. NW, will feature 62 townhomes ranging from 1,154-1,641 square feet. City leaders, stakeholders, and investors were on-hand for the groundbreaking ceremony on November 30, 2021. Developer Riddle Property Group, LLC (RPG) is an Atlanta-based, minority real estate owner, operator, and developer. The real estate firm was awarded a $2 million Tax Allocation District (TAD) grant from Invest Atlanta to renovate and construct 62 for-sale townhomes – 19 of which will be affordable. Additional funding from Invest Atlanta is available for down payment and closing cost assistance to buyers that meet income qualifications. The first closings are taking place in summer 2022. For more information on the project, visit https://growthbyncrc.com/new_homes_vine_city_atlanta/

“Parkview is a community-aligned residential real estate project in the heart of historic Vine City,” said RPG’s CEO Jeff Riddle. “Parkview is committed to the Vine City neighborhood vision statement, which encourages developers to create a diverse and sustainable, multi-generational community with high quality mixed housing that promotes homeownership. Parkview will accomplish this and more.”

“We are a mission-driven real estate fund helping to make homeownership possible for working-class and BIPOC people across the country,” said Ed Gorman, Managing Director, NCRC Housing Rehab Fund. “We are honored to partner with the RPG and Invest Atlanta on the Parkview project. Working together we are focused on addressing decades of segregation and disinvestment, bringing affordable housing and community development throughout the area. Everyone deserves a fair shake at the American Dream of homeownership.”

Just west of downtown Atlanta, Vine City is a historic community rooted in a strong local identity forged by a diverse and active African American community. During the early 20^th century, the Vine City area was a middle-class African American neighborhood. Many prominent Atlantans called Vine City home, including Dr. Martin Luther King, Jr., Maynard Jackson, Julian Bond and Atlanta’s first Black millionaire, Alonzo Herndon. Parkview is a development committed to reclaiming the rich history of Vine City. The development is less than half a mile from the Vine City and Ashby MARTA stations and just steps away from the Westside Beltline Connection. It’s easy access to transportation helps support a key pillar of the Mayor’s One Atlanta agenda: safe, affordable, and equitable options for mobility. GROWTH by NCRC, a joint partner in the Parkview project, provides homeownership opportunities for low- and moderate-income communities and people, with a focus on communities of color. In five years, GROWTH has invested almost $125 million in almost 800 homes nationwide.