Planning Commission Approves Affordable Senior Living Community

Property News

The Newnan Planning Commission is recommending approval of a rezoning for an affordable senior housing development.

The “Legends of Newnan” development would feature 202 age-restricted apartments in a four-story building. The development would be only for those 55 and older.

The development will be a Section 42 project, which provides tax credits to developers of affordable housing and allows the applicant to reduce rents on a sliding, income-based scale.

Rents would range from $464 to $1,237 per month for a one-bedroom with utilities and between $557 and $1,485 per month for a two-bedroom with utilities.

Attorney George Rosenzweig requested the rezoning of 16.85± acres located between Newnan Crossing Bypass and Interstate 85.

The property is currently zoned CCS (Community Shopping Center District) and the applicant is requesting RMH (Residential Multiple-Family Dwelling – Higher Density District).

Rosenzweig spoke on behalf of the developer, Dominium - a Minneapolis-based leading apartment owner, developer and manager.

Rosenzweig said Legends is consistent with the philosophy of Newnan’s Comprehensive Plan 2016-2036, particularly the community’s desire for senior housing that is safe, connected, affordable and high-quality.

"Presently, retirees living on a fixed income have a few choices (in Newnan),” he said. "They can buy a $400,000 home or live in a $180,000 house that needs a roof every few years or move into an outdated apartment. But what we don't have is new construction for the person living on social security, a widow with a nest egg, a 401(k) but no pension. It's not available and we need it."

Click to read more in The Newnan Times-Herald