IDP Properties, Valdosta Housing Authority celebrate groundbreaking for Harvest Station Apartments

The Valdosta Daily Times, Ga.
·2 min read
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Jan. 20—VALDOSTA — IDP Properties, in partnership with the Valdosta Housing Authority, recently announced the groundbreaking ceremony for Harvest Station Apartments. The event marks the beginning of the construction phase for an 80-unit affordable housing community, featuring one-, two- and three-bedroom apartments.

Last year, IDP Properties and the Valdosta Housing Authority were recipients of $1,076,400 in federal and state housing tax credits from the Georgia Department of Community Affairs. These crucial funds will facilitate the development of Harvest Station Apartments, addressing the pressing need for affordable housing in Valdosta, according to IDP's announcement.

Additionally, the City of Valdosta, in partnership with the Valdosta Housing Authority, allocated $3.3 million of ARPA funds to purchase the land and make a loan for the development of the Harvest Station Apartments.

Harvest Station Apartments is slated to be a vibrant community with a total development cost of $18 million, IDP said. The project will be situated at the intersection of South Troup Street and Griffin Avenue in Valdosta. The chosen location, formerly occupied by aging tobacco warehouses that were dismantled years ago, will now transform into a modern and inclusive residential space.

"We are thrilled to embark on the construction of Harvest Station Apartments," said City Manager Richard Hardy. "This project is poised to not only transform the aesthetics of our community but also address the pressing need for affordable housing options. We believe it will contribute significantly to the betterment of our cityscape and the lives of our residents."

The development is expected to create jobs, stimulate local economies, and offer a diverse range of housing solutions for individuals and families in Valdosta.

"IDP is excited about building more affordable housing in Valdosta and continuing to make a positive impact on our hometown" said IDP President Rhett Holmes. "Not only providing the affordable housing, but also improving the quality of life for many families and children is of utmost importance to any strong community."