Housing Finance Authority Projects

Forest & Village Apartments
Forest & Village Apartments

Forest & Village Apartments

March 2021 Update




​Since the Forest & Village Apartments transaction was closed at the end of May 2020, significant progress on multiple fronts has been made at the property. The below is a summary of updates between January and March 2021.

Renovations

  • ​Construc​tion commenced in July 2020 and is 55% complete as of February 28, 2021.
  • As of today, apartments in 10 of the 20 residential buildings have completed in-unit work(new kitchens, bathrooms, flooring, appliances, etc.) and received sign-offs fromGainesville
  • Exterior painting of the building has begun (a photo of the first painted building is attached)
  • Site and grounds improvements are in progress.
  • Replacement and enhancement of the existing security cameras will take place inApril/May 2021
  • We are waiting to hear back from GRU on the upgrading of site lighting
​​​
Property Management​ 

  • Active marketing efforts online have begun to attract new residents to lease up the renovated units and the property’s waitlist has been open since early February 2021

Project Schedule​

  • ​100% construction completion of the project is projected for summer 2021

Next Steps:

Fairstead will be eager to organize a ribbon-cutting or open house ceremony at Forest & Village Apartments in late summer 2021 when the project has completed construction in the anticipation that itwill be safe to gather again.

We are very thankful and appreciative of the support that the ACHFA staff and board has extended to the project and look forward to meeting in person again. 


​​​​​​
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​