Affordable housing development planned for 2866 Memorial Drive

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East Lake. Photo by Dean Hesse.

By Mary Margaret Stewart

The East Lake Neighborhood Community Association (ELNCA) met via Zoom on Monday, September 12, at 7 p.m. for their monthly meeting.

Here is one of the major highlights:

Affordable housing development planned for 2866 Memorial Drive

The ELNCA voted to support an affordable housing development at 2866 Memorial Drive, which will include nine townhomes. The lot is currently vacant.

Development plans were pitched by husband-wife duo Karen and Michael Hatcher – CEO of Sovereign Realty & Management and CEO of Sovereign Construction & Development, respectively. They’ve lived in Kirkwood for the past 18 years, developing and producing a number of homes in east and west Atlanta.

“This is an affordable housing development, which is geared towards what we call PEN – protectors, educators, nurses,” Michael said. “Missing middle housing for middle-income residents who technically, and truthfully, have been priced out of our neighborhood.”

Michael added that the development is aimed for those who work in the community but can’t afford to live in the community.

Out of the nine homes, there will be seven two-bedroom, two-bathroom units and two three-bedroom, three-bathroom units.

Read the original story on Decaturish.com.