Cypress 595 Launches 77 Affordable Homes in the Historic Old Fourth Ward For Those In Need

Cypress 595 embodies a pivotal 1,500-unit preservation project in Atlanta's historic Old Fourth Ward, led by Wingate. Out of these units, 77 are classified as "deeply affordable," catering specifically to individuals whose incomes fall below 60% of the area median, as highlighted by Mayor Andre Dickens. A substantial number of these residences will accept Section 8 vouchers, alleviating financial pressures on lower-income families. Dickens emphasized the crucial importance of affordable housing, sharing that 6,700 units have been finalized, with an additional 5,000 underway. His visionary initiative aims to introduce 20,000 new affordable housing units by 2030. "Safe and affordable homes empower families and promote stability," he stated.Discussions surrounding affordable housing frequently evoke apprehensions regarding density, traffic, and property values. Segura Jones, President of the Atlanta Planning and Advisory Board, champions a community-focused growth strategy, asserting that thriving families contribute to vibrant neighborhoods. Mark Schuster from Wingate echoed the necessity of cooperative efforts among developers, government, and residents to ensure enduring community progress.