Canton City Council approves $500K loan for Riverstone low income housing project funding

In the heart of Canton, Georgia, the City Council convened on April 18, 2025, to address a series of pressing community projects and initiatives that promise to shape the future of the city. The meeting, held in the familiar surroundings of city hall, was marked by discussions on infrastructure improvements, housing developments, and environmental management.

The council began with a swift approval of several consent agenda items, including a $30,800 task order for right-of-way acquisition services related to the Prominence Point Parkway intersection improvements. This project aims to enhance traffic flow and safety in a growing area of the city. Additionally, a utility relocation agreement for the West Main Street Pedestrian Corridor Project was approved, signaling ongoing efforts to improve pedestrian access and safety.

As the meeting progressed, the council turned its attention to a contentious proposal regarding the construction of two residential units in the cul-de-sac of Laurel Vista Drive. Despite the developer's request to amend the master plan, which included the removal of a condition for a water tank, the council ultimately voted to deny the request. This decision reflects the council's commitment to community input, as several residents had voiced their opposition during a recent public hearing.

A significant portion of the meeting was dedicated to the Canton Water Pollution Control Plan expansion, with a proposed budget increase of nearly $495,000 for additional construction management services. The project, which aims to expand the plant's capacity to 7 million gallons per day, has faced delays primarily due to supply chain issues. Council members expressed their concerns but were reassured by project managers that a clear path to completion by December 2025 is still feasible.

In a move to bolster affordable housing, the council discussed a $500,000 loan request from TPG Residential to support their low-income housing tax credit application for the Riverstone property. This funding, sourced from ARPA funds, is intended to demonstrate the city's support for the project, which is crucial for securing state tax credits. The council's approval of this loan reflects a broader commitment to addressing the urgent need for affordable housing in the community.

The meeting also touched on the Georgia Initiative for Community Housing, with the council recommending the award of a GIC point to TPG Residential, further enhancing their application for funding. This strategic decision underscores the city's proactive approach to fostering community development and addressing housing shortages.

As the evening drew to a close, discussions shifted to the North Canton Cottage Village project, where council members emphasized the importance of prioritizing affordable housing and ensuring that local residents have first access to new developments. The council's commitment to these priorities reflects a growing awareness of the challenges posed by rising housing costs and the need for inclusive community planning.

In conclusion, the Canton City Council's meeting on April 18, 2025, was a testament to the city's dedication to improving infrastructure, supporting affordable housing initiatives, and engaging with community concerns. As these projects move forward, residents can expect to see tangible changes that enhance the quality of life in Canton, ensuring that the city remains a vibrant and welcoming place for all.