Local and federal officials will join LDG Development, one of the nation’s largest developers of affordable housing, on Monday to Tuesday to officially open two of Georgia’s newest affordable housing communities – Phoenix Station, located in Decatur, and Bridges at Landrum, located in Southwest Atlanta.

The two multifamily communities will add a combined 444 high-quality units to the city’s housing inventory. Phoenix Station will provide affordable homes for working families earning up to 60% of the area median income, or up to approximately $68,000 annually for a family of four, while Bridges at Landrum will offer a mix of affordable and market-rate units.

Phoenix Station is a 244-unit development located at 3345 Kensington Road that will also offer 2,400 square feet of flexible rental space and serve as the new home of LDG Development’s Georgia office. Amenities include an outdoor amphitheater, commercial grade playgrounds, a business and fitness centers and a roof top community green space. Financing for this development was provided by US Bank, R4 Capital, the Housing Authority of DeKalb County and the Georgia Department of Community Affairs. The development welcomed its first resident in June, and as of August 15, the community is 35 percent leased, and 25 percent occupied.

Bridges at Landrum includes 200 units and is located at 2944 Landrum Drive.  In addition to offering a business and fitness center, this development includes a community building that is being name in honor of Michel “Marty” Turpeau, former chairman of the Fulton County Development Authority and a passionate advocate for affordable housing. Turpeau passed away in December 2023, and the dedication ceremony acknowledges the instrumental role Turpeau played in bringing Bridges at Landrum to fruition.

Financing for the development was made possible through the support of Bank of America, Hudson Housing Capital, Monarch Private Capital, Georgia Department of Community Affairs, Invest Atlanta and URFA. The development welcomed its first resident in November 2024, and as of August 15, this community is 95 percent leased and 93 percent occupied.

“Our partnership with LDG Development is fundamental to Bank of America’s commitment to stable affordable housing to support economic mobility,” said Al McRae, president, Bank of America Atlanta.

Both communities offer spacious floor plans with upgraded flooring, walk-in closets, energy-efficient appliances; and playground areas. Each location also has onsite property management staff focused on supporting the needs of residents. Monthly rental rates will range between $1209 to $1433 for Phoenix Station and from $1163 to $1520 for Bridges at Landrum.

Mark Lechner, co-founder and co-principal of LDG Development, says that with the addition of Phoenix Station and Bridges at Landrum, LDG now has more than 2,200 units that spans across 10 communities within the state and reflects the company’s commitment to expand   housing opportunities within the area.

“By adding hundreds of new homes in Atlanta and Decatur, we’re helping ensure more families have access to the housing they need,” said Lechner. “We are proud that Phoenix Station will serve as the new home for LDG’s Georgia office, reinforcing our long-term investment in the region.”