Freedom's Path at Dublin, GA, Closes Over $16M in Financing for Historic Veteran Housing Development
Veteran Housing Coming to the City of Dublin, Georgia
DUBLIN, Ga., October 12, 2022 (Newswire.com) - Garrison For Veterans, Solutions For Veterans, The Dublin Housing Authority, Communities for Veterans, Wellington Development Company and the entire Freedom's Path Dublin Development Team are pleased to announce that Freedom's Path at Dublin, Georgia, a historic 50-unit, public-private Veteran housing development with the Department of Veterans Affairs, has closed on all financing. Construction began Oct. 3, 2022.
Freedom's Path Dublin is a public-private partnership through an Enhanced Use Lease (EUL) with the Department of Veterans Affairs (VA), located on the Carl Vinson VA Medical Center campus. This Veteran-centric, permanent-supportive housing community will bring jobs and over $16 million of economic investment to the City of Dublin and Laurens County. VA's Enhanced-Use Lease (EUL) program allows VA to manage underutilized property through leasing arrangements with state or local governments or private sector organizations.
Financing consists of Historic Tax Credits, 9% Low Income Housing Tax Credits, VA Contribution, and Project Based HUD-VASH vouchers. Special thanks to the City of Dublin and Laurens County, Georgia State Historic Preservation Office, Georgia Department of Community Affairs, and the Department of Veterans Affairs for making this a reality. Investors include the Low Income Investment Fund (LIIF), Regions Bank, and Cabretta Capital. Property management is provided by Cushman & Wakefield.
A Groundbreaking Ceremony will be held:
Freedom's Path at Dublin, Georgia
Carl Vinson VA Medical Center
1826 Veterans Blvd
Dublin, GA 31021
Wednesday, Nov. 9, 2022
10 a.m.-12 p.m.
(Ceremony will start at 10:30 a.m.)
Garrison For Veterans, based in Atlanta, Georgia, is a Service-Disabled Veteran-Owned Small Business specializing in real estate development for active and reserve military, Veterans and affiliated civilians such as military families and federal government employees.
Solutions For Veterans, an Atlanta, Georgia-based 501(c)(3) nonprofit, serves as the lead service provider for Freedom's Path communities and augments the comprehensive array of medical and psychiatric services for Veterans provided by the VA Medical Centers where Freedom's Path developments are located.
The Dublin Housing Authority has been serving the needs of the low-income population in Dublin since 1949. DHA is a provider of affordable, low-income housing in the cities of Dublin and East Dublin, Georgia, and owns 540 apartment units consisting of efficiency to five-bedroom units.
Communities for Veterans has developed nine (9) similar Freedom's Path communities across the U.S., providing supportive housing for 451 formerly homeless, senior and disabled Veterans.
Wellington Development Company, based in Houston, Texas, provides full-service commercial real estate development in multiple asset classes.
Source: Garrison For Veterans