HomeFlex reconfiguration at Paines
city OF ATLANTA, Dept. of Housing and Community DevelopmentGeorgia- Detected
- Jul 21, 2026
- 99 days ago
- Sector
- Grants
- Est. value
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THE 30-SECOND BRIEF
Atlanta Housing is amending its HomeFlex commitment for 588-592 Paines Ave NW to change the unit mix and add an extension option. The revised mix will shift from eight 2BRs to a mix of 1BR, 2BR, and 3BR units, and extend the initial term to 10 years with a 5-year renewal option. The projected HomeFlex subsidy over 15 years is about $1.9 million, signaling a long-term subsidy contract with an owner and property manager focused on family housing performance.
Owner is 588 Paines, LLC (Westside Future Fund) with Integral Property Management as property manager. Item references property performance results for Odyssey Villas and a separate projection of $6,433,369 over 20 years, likely portfolio context.
From the meeting
- Meeting date
- July 21, 2026
- Agency
- city OF ATLANTA, Dept. of Housing and Community Development
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