The Development Authority of Fulton County is considering a supplemental bond resolution for Madrone-MS Student Housing I, LLC to issue up to 165000000 in federally taxable and tax‑exempt 501(c)(3) bonds. Proceeds will finance development of an approximately 360,000 square foot student housing facility at 850 West End Avenue SW in Atlanta, serving students of Morehouse College and Spelman College with about 305 units, 793 beds, and amenities such as a community lounge, central greenspace, fitness, study areas, and a rooftop terrace. With an estimated bond closing in Q3 2026, this signals an advancing large-scale student housing construction project that will create roughly 350 construction jobs and 14 full‑time operational roles.While the authority acts only as a conduit issuer, Madrone and its affiliates will be procuring architecture, engineering, construction, building systems, furnishings, and property management and resident-services support. Vendors should time outreach to Madrone around the financing schedule to support design, build, fit‑out, technology, and ongoing operations of this new housing asset.

Project is structured as 501(c)(3) bond financing; Develop Fulton has no property tax impact or liability and will not manage procurement.