Hearthside Towne Lake (62+ Senior Community)

1561 Stone Bridge Pkwy, Woodstock, Georgia 30189

Contact Hearthside Towne Lake (62+ Senior Community)

HearthSide Towne Lake was conceived in 2009 during the height of the national recession and period of economic uncertainty. When representatives of OneStreet first visited the site, they saw a vacant and abandoned partially developed townhome subdivision. OneStreet reprogrammed the site for senior housing, which removed a vacant eyesore from the community, alleviated the financial burden on a local lending institution, created tax dollars for the local government, and ensured a successful completion of the overall mixed-use development. In addition to developing HearthSide Towne Lake, the remainder of the site was developed as a medical office building for the Pinnacle Orthopedics and Sports medical group.

The project’s success was due to OneStreet’s site plan efficiency and creativity. To minimize project costs and maintain a financially feasible project, we did not alter the site. Instead, we worked within the severely sloped topography and previously constructed retaining walls and utilized an existing road as the entrance boulevard. This resulted in a site planning challenge to reach the 100-unit size, plus surface parking, on 3.5 acres of useable land needed for feasibility.

Unit (Bd/Ba)	Ft²	Rent
Cherry (1/1)	752	Call for Price
Dogwood (2/2)	1015	Call for Price
Magnolia (2/1)	942	Call for Price

Eligibility for Hearthside Towne Lake (62+ Senior Community)

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Woodstock but actual income limits may differ for units at Hearthside Towne Lake (62+ Senior Community).

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$35,750	$40,850	$45,950	$51,050
Low Income (60%)	$42,900	$49,020	$55,140	$61,260

Hearthside Towne Lake (62+ Senior Community) Details

100 one and two bedroom units.
Mid Rise
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm
Saturday	Closed
Sunday	Closed

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.