Did you know that last year HomeStretch acquired a triplex on Opal Drive, bringing our housing count to 30 units? And, 30 apartments equals 30 homeless families who can keep their families together and have an opportunity to receive a “hand up” to get back on their feet.
Well, here we grow again! On August 31st, our program acquired an 8 unit apartment building in the Grove Way area of Roswell. 800 Forrest Street is an answer to the prayers of some of our graduate families who need affordable housing would struggle to stay in the Roswell community. After renovation, these two-bedroom apartments will serve as HomeStretch graduate and workforce housing with rents that are fair but below market rates.
Fair market rent for a two-bedroom apartment in North Fulton is $916 per month on the low end. This means that a family needs to earn nearly $18 per hour to avoid being at risk for homelessness. According to the Metro Atlanta Taskforce for the Homeless, the average low-income family of four in North Fulton earns approximately $10 an hour. This is a significant gap.
We are excited about the opportunity to offer housing for 8 families at 800 Forrest Street. You may be thinking, how much of a difference can 8 apartments make? To the 8 families who need an affordable place to live, it means everything.
