A long-vacant 23-acre site near Greenbriar Mall now holds nearly 450 new places to live. The Flats and Villas at Stone Hogan, an affordable housing community in Southwest Atlanta's Greenbriar neighborhood, held its ribbon-cutting and grand opening on September 11, delivering 448 apartments split between family units and senior independent living.
The project came together nearly a year ahead of schedule, according to Atlanta Housing, as reported by Urbanize Atlanta. The development sits close to Hartsfield-Jackson Atlanta International Airport and Interstate 285, and it pairs 256 multifamily units at the Flats at Stone Hogan with 192 senior units at the Villas at Stone Hogan, which serves residents over age 55. Atlanta Housing partnered with Wilhoit Properties, Summit Contracting Group, and Zimmerman Properties & Construction to bring the project to completion.
Rents and Who Qualifies
The Flats at Stone Hogan offers one- to three-bedroom apartments aimed at families with children, with rents starting at $1,029 monthly for a two-bedroom, two-bathroom unit spanning 1,150 square feet. Over at the Villas, rents start at $1,104 monthly for a one-bedroom, one-bathroom unit in 704 square feet. The 256-unit family phase sets aside 75 units at 50% of Area Median Income, 78 units at 60% AMI, 75 units at 70% AMI, and 28 units at market rate, according to Invest Atlanta.
Invest Atlanta's Urban Residential Finance Authority approved up to $29.5 million in tax-exempt loans back in February 2021 to help finance construction for the family-oriented Flats. The senior-housing Villas phase came together later: in December 2022, Fannie Mae extended credit backing that helped issue $30.4 million in tax-exempt bonds for that portion, securing an investment-grade Aaa rating from Moody's Investors Service, according to CommonFutureatl. That federal credit enhancement proved critical, since sharp increases in municipal bond rates in 2022 had created funding hurdles for local affordable housing developments.
From Film Studio Land to Family Housing
The 23-acre Hogan Road site has an unusual backstory. Developer Zimmerman Properties acquired the parcel from Areu Bros. Studios, formerly Tyler Perry Studios, after emerging from a competitive selection process involving 12 developer proposals, according to SaportaReport. The community sits directly across from Continental Colony Elementary School, where school leaders have reported an annual student transiency rate of 44%, driven largely by families constantly relocating because of rising rents.
Beyond housing units, the Stone Hogan communities include greenspaces and pedestrian and bicycle trails connecting to nearby parks. Per officials, the project plans to provide after-school programs, free health screenings, nutrition classes, and community gardens. Project leaders say the development also offers wraparound educational, social, and emotional wellbeing services, with plans to partner with Emory University, Morehouse College, local healthcare providers, and Star-C.
Part of a Bigger Push Across Greenbriar
Stone Hogan is landing amid a wave of investment across the Greenbriar corridor. Nearby, developer Dominium completed two adjacent affordable communities in July 2024 — The Paramount and Briar Park Senior Living — adding 484 units through a combined $135 million investment, per Urbanize Atlanta's earlier reporting. And in July 2025, Invest Atlanta approved a $5 million loan to assist Mural Real Estate Partners in acquiring the 26-acre Greenbriar Discount Mall site for a planned $500 million redevelopment featuring 1,000 apartments and 250,000 square feet of retail space, as reported by the Atlanta Journal-Constitution.
The early delivery of Stone Hogan stands out against a tougher financial backdrop citywide. Atlanta Housing CEO Terri Lee said in June 2026 that rising construction, labor, and insurance costs have created $5 million to $10 million capital gaps per project across local affordable housing pipelines, according to WABE. Escalating building expenses have forced public housing authorities to adjust financial structures and seek additional gap funding tools across the pipeline.
Measuring Up Against the City's 2030 Goal
Mayor Andre Dickens' administration has set a citywide goal of building or preserving 20,000 affordable housing units by 2030, and reported in May 2026 that more than 11,000 units had been completed or were under construction citywide, per CBS News. Atlanta Housing separately reported that same month that it had reached 88% of its strategic five-year benchmark to create or preserve 10,000 affordable units, totaling 8,830 units across the city, with the agency allocating over $250 million from its capital budget toward land activation and private co-investments. Hoodline previously covered the mayor's broader housing push in its roadmap for 10,000 units report, as well as new construction on the old Herndon Homes site in English Avenue.
