The DeKalb County Commission is investing in transitional housing to address the growing number of people living in extended stay hotels.
The county is using $8 million of federal funds to purchase 60 apartments at Park at 500 on Hambrick Road in Stone Mountain. DeKalb commissioners unanimously approved the funds earlier this week.
“Park 500 represents DeKalb County’s first ever county owned rapid housing initiative,” said DeKalb CEO Lorraine Cochrane-Johnson. “This is not temporary assistance.”
The apartments will be fully furnished and spread throughout the more than 500 units in the complex: 36 two-bedroom, two-bathroom units; 16 three-bedroom, three-bathroom units; and eight one-bedroom, one-bathroom units will be available.
“The county has ownership interest for the life of the project, and the housing authority will provide wraparound services for 10 years as part of the $8 million expenditure,” said DeKalb COO Zachary Williams. “When we first began these conversations we didn’t, quite frankly, envision this big.”