The state has approved low income tax credits that pave the way for construction of a 90-unit apartment complex in an old area of Warner Robins.
Gary Lee, the city’s economic development director, announced at Monday’s City Council meeting that the Georgia Department of Community Affairs has approved the tax credits. He said there were about 75 applications for the credits statewide, and only 20 to 25 were approved.
The builder gets the tax credits in return for agreeing to offer some of the apartments at a reduced rental rate.
The project will be built on land that the city owns on Armed Forces Boulevard across from the Veterans Education Career Transition Resource Center. The developer, Pennrose, has agreed to offer five apartments for free for veterans who are taking classes at the center. The city is donating the land, and Pennrose is paying all of the construction costs.
Amon Martin, representing Pennrose, said he expects construction will get started next summer and will take about 13 months.
The area is an old part of town often referred to as Jody Town. Lee said it’s not just another new apartment complex in the city, adding that it will give a much-needed economic boost to the area.
“It’s going to start up that end of town there,” Lee said.
Martin unveiled an overall concept for the area that includes later development of 28 town homes that will be for sale, not rent. He said that would be done separately by another developer. It also includes a second phase of 90 apartment units, as well as an area for potential commercial retail development.