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Developer updates council on Walnut Ridge, Baker & Main and Brentwood sites; financing and design changes explained
Summary
Winfield Properties told council the Walnut Ridge project will be built as two‑story structures after community feedback and that the project secured Federal Home Loan Bank of Atlanta funding; Baker & Main was submitted for low‑income housing tax credits and faces a highly competitive award cycle; Brentwood remains under study for alternative fund/
Winfield Properties provided the council with project updates on Walnut Ridge, Baker & Main and the Brentwood site, describing design changes, financing awards and continued work on competitive funding applications.
Craig Stone of Winfield Properties told the council Walnut Ridge was modified from a three‑story design to a two‑story layout to address neighborhood concerns about building height. Stone said the change increased construction costs but that the project recently received an award from the Federal Home Loan Bank of Atlanta. He said the project remains a roughly $14 million total development cost and will continue to provide 60…
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