City and state officials attended a recent groundbreaking ceremony for the Newcomb Senior Housing Development.

The $15.8 million rehab and conversion of the former elementary school into 50 apartments is the last of a trio of projects by the Richmond Redevelopment & Housing Authority and Enterprise Community Development to provide replacement housing for residents of the towers, which RRHA is looking to redevelop as mixed-income housing.

The event celebrated the completion of 50 new, modern apartment homes for seniors as well as the end of a three-phase redevelopment project to rehouse 200 elderly residents of the aging Fay Towers, built in 1976.

Baker Senior Apartments has 50 new, modern apartment homes for senior citizens. The apartments were part of a three-phase redevelopment project that re-housed 200 elderly residents from the Fay Towers, which were built in 1976.

Enterprise Community Development was one of a select number of developers to be awarded grants from HUD to support its development of new affordable multi-family rental housing in the country.

A group of affordable housing organizations has called on the Federal Housing Finance Agency (FHFA) to compel government-sponsored enterprises Fannie Mae and Freddie Mac to improve their “Duty to Serve” (DTS) proposals before approving them.

In a virtual hearing called “Building Back Better: Investing in Equitable and Affordable Housing Infrastructure,” leaders from Enterprise Community Partners, the National Low-Income Housing Coalition and PolicyLink spoke to the importance of housing as a catalyst for equity and opportunity.

Enterprise is focused on dismantling the enduring legacy of systemic racism in housing – a legacy that has prevented generations of Atlanta’s Black and Brown families from accessing safe, affordable homes and the same kinds of opportunities to achieve upward mobility as white Atlantans in affluent neighborhoods.