Legion Park is Under Construction

TBG RESIDENTIAL TO BUILD 72-UNIT HOME COMMUNITY IN WARREN COUNTY, GEORGIA
$15 Million Facility Will Provide Amenities for Today’s Busy Families
 
WARRENTON, November 2, 2021 -  TBG Residential is pleased to announce their newest affordable housing development, Legion Park, in Warrenton, Georgia.  This 72-unit apartment home community will feature amenities that are in demand by today’s busy families.
Legion Park’s success is the result of the collaborative effort of TBG and the City to ensure that the housing needs of Warrenton are being met, in addition to leveraging several of the City of Warrenton’s available resources. The Georgia Department of Community Affairs was a significant partner who awarded the tax credit financing for the project.
“The City of Warrenton worked tirelessly to become a part of the Georgia Initiative for Community Housing (GICH) program and to create an Urban Redevelopment Plan. A cornerstone of Legion Park receiving DCA financing is due to the City of Warrenton’s initiative of implementing both aforementioned community development programs,” commented Mayor Chris McCorkle.
Legion Park will have affordable rents that will meet the housing needs of low to moderate income families and senior citizens whose income is between 40%-80% of the area median income.
“Because the City’s leadership and local economic developers have such a passion for their town and an enthusiastic view of the future, we wanted to locate in Warrenton. The collective energy of their team was contagious and we “jumped in” because of it,” commented TBG Residential Senior Vice President Brad Smith. 
The $15 million development will include 1, 2, and 3-bedroom apartments, a clubhouse, playground, laundry facility and community garden. Legion Park will be located on Parham Street and is anticipated to open in January of 2023. 

Media Contacts:
Brad Smith (678) 324-5551
OB McCorkle (706) 832-1601

Warrenton – Legion Park Fact Sheet
 
Located

• Southwest portion of the city at Hwy 16 and Legion Drive in Warrenton, GA.

Land

• 14.49-acre vacant parcel 

Development

• New construction – 72 units (1, 2 and 3 bedroom)
• 76,975 sf
• Three residential buildings, clubhouse, playground, laundry facility, community garden
• Legion Park is included in one of the city's Urban Redevelopment Plan Target Areas and is also in a Qualified Census Tract (9704).  This project is supported by the City of Warrenton and the city's Georgia Initiative for Community Housing (GICH) program.  The city is also a participant in the Georgia Mainstreet program.

Total Development Cost

• $15,000,000+

Debt/Equity Resources

• Traditional debt (mortgage)
• Low income housing credits (LIHTC) issued by The Department of Community Affairs

Projected opening

• Winter 2023

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